Former bank officer serving time charged again for cheating in non-existent investment scheme
Published on: Tuesday, December 19, 2023
By: Bernama
KAMPAR: A former bank officer, currently serving a prison sentence for cheating in connection with a non-existent investment scheme, was charged in the Magistrate's Court here on four similar charges involving RM17,350.
M. Patmanathan, 43, pleaded not guilty to all the charges before Magistrate A. Hafiizh Abu Bakar.
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On three of the charges, he is charged with deceiving three individuals into handing over RM1,550, RM3,500 and RM7,300, respectively, as investments in a non-existent investment which they would not have done, if they knew they had been duped.
The charges were framed under Section 417 of the Penal Code which provides a maximum imprisonment of five years or with a fine or both if convicted.
He was also charged under Section 420 of the Penal Code with cheating a man by dishonestly inducing the victim into handing over RM5,000 to obtain profit in the same non-existent investment scheme.
He faced imprisonment for up to 10 years and whipping and is also liable to a fine if found guilty.
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All the offences were allegedly committed at Maybank Kampar here between March 25, 2019, and Jan 2023.
The court set bail of RM8,500 with one surety for all the charges and fixed Jan 5 for mention.
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Deputy Public Prosecutor M. Esther Jacyntha prosecuted, while lawyer Manal Hayati Mohd Arif, represented the accused.
Last July 12, Patmanathan was charged with two counts of cheating in connection with non-existent investment schemes involving losses of more than RM110,000.
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