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Loan shark fined RM350,000
Published on: Thursday, September 14, 2017

Melaka: A businessman was fined RM350,000, in default 30 months' jail, by the Sessions Court here Wednesday after he was found guilty of engaging in illegal money-lending business.

Judge Norma Ismail meted out the fine on Pang Siew Chan, 48, after finding that the defence had failed to raise reasonable doubts against the prosecution's case.

Pang was charged with committing the offence by lending RM10,000 to one Ng Yew Mot, 63, at a food stall in Cheng Baru in October 2013.

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