Man fined RM45,000 for operating illegal money services business in Sibu

Court — DayakDaily.com file pic. // Photo: Pixabay

SIBU, Sept 24: A 27-year-old man has been slapped with a RM45,000 fine by the Sessions Court today for operating an illegal money services business.

The accused Luck Ze Hao, 27, pleaded guilty before Judge Marutin Pagan.

He was charged under Section 4(1) of the Money Services Act 2011.

The Section provides for a fine not exceeding RM5 million or an imprisonment of not up to 10 years or both if convicted.

The offence was committed between Oct 19 to 23 at a shop in Jalan Khoo Peng Loong.

According to the case facts, two individuals – a local man and an Indonesian man – were appointed by Bukit Aman to act as agents provocateur in the investigation.

The first man attempted to remit RM200 to a recipient in Indonesia and was charged a remittance fee of RM20.

The second man transferred RM380 to another recipient in Indonesia with the same RM20 fee.

Both individuals kept the receipts, which were later presented as evidence in court. — DayakDaily