KUALA LUMPUR: A temple manager pleaded not guilty in the sessions court here today to accepting over RM70,000 in deposits for investment without a valid licence.
Sum Lai Yoong, 53, was charged with receiving RM70,589.79 from a 44-year-old company owner in violation of Section 10 of the Financial Services Act 2013.
The offence was allegedly committed at a shopping centre in Taman Mutiara Barat, Cheras, between Jan 12 and March 6.
The charge was framed under Section 137 (1) of the Financial Services Act 2013, which carries a maximum prison sentence of 10 years or a fine of up to RM50 million, or both, upon conviction.
Judge Azrul Darus set bail at RM20,000 in one surety and scheduled Nov 13 for case mention.
Sum was represented by lawyer Luqman Zainal, while the prosecution was led by deputy public prosecutor R Harvind.