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.
KUALA LUMPUR: Former director Kee Cher Kian appeared in three Sessions Courts on Monday, charged with 71 counts of cheating a businessman out of RM4.7 million in a used car trading scam. The charges were read before Judges Azrul Darus, Norma Ismail, and Muhammad Ilmami Ahmad. Kee pleaded not guilty, facing 26 counts in one case and 30 in another, involving losses of RM1.69 million and RM1.98 million respectively.
The alleged fraud occurred between July 5 and August 3, 2022, at various bank branches in Kuala Lumpur. Prosecutors alleged that Kee induced the businessman to believe non-existent used vehicle purchases had been made, resulting in the transfer of money from the businessman's companies into Buycar2u's bank account. All three courts granted Kee bail of RM215,000 with one surety and ordered him to surrender his passport pending further proceedings. The trial is set to continue on October 16.
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