Ex-director faces 71 cheating charges over RM4.7mil used car scam
KUALA LUMPUR: A former director of a used car trading company was charged at three Sessions Courts here today with 71 counts of cheating a businessman over non-existent used vehicle purchases, involving losses totalling RM4.7 million.
A former director of a used car trading company, Kee Cher Kian, has been charged with 71 counts of cheating over a RM4.7 million used vehicle scam, according to the New Straits Times. The charges, which were read before three Sessions Courts in Kuala Lumpur, involve a businessman named Wong Yoong Jed, who is a director of Viso Capital Sdn Bhd and Lio Capital Sdn Bhd.
Kee pleaded not guilty to the charges, which relate to inducing Wong to believe that various vehicles had been purchased through Buycar2u. The alleged deception resulted in Wong transferring RM1.69 million from the two companies into Buycar2u's bank account. The offences are alleged to have taken place between July 5 and August 3, 2022, at several bank branches in Kuala Lumpur.
All three courts granted bail of RM215,000 with one surety and ordered Kee to surrender his passport pending disposal of the cases.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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