In a authorized continuing that unfolded on the Periods Courtroom yesterday, 40-year-old enterprise guide, Johnathan Wong Futt Po, discovered himself going through costs associated to a fancy monetary deceit that transpired two years in the past. The costs stem from his alleged involvement in a fraudulent funding license scheme leading to losses amounting to RM3.3 million.
Wong, showing composed, claimed trial earlier than Choose Azrul Darus, contesting accusations that he deceived a 45-year-old sufferer by asserting his functionality to handle all facets of securing an funding license. The purported manipulation prompted the sufferer to switch a staggering US$789,014 in cryptocurrency into Wong’s crypto e-wallet, with the fraudulent exercise reportedly occurring at a premises situated in KL Eco Metropolis, Jalan Bangsar.
The costs leveled in opposition to Wong fall below Part 420 of the Penal Code, carrying a possible sentence starting from a minimal of 1 yr to a most of 10 years’ imprisonment, together with the opportunity of caning and a tremendous if confirmed responsible.
Deputy Public Prosecutor Akmalzatul Mohamed Nawi proposed a bail quantity of RM100,000, backed by one surety, emphasizing the severity of the alleged offense. Wong’s protection counsel, Siti Anis Che Ab Wahab, countered, advocating for a lowered bail set at RM50,000.
Choose Azrul, after cautious consideration, granted bail to Wong at RM80,000 with one surety. The court docket has scheduled February 5 for the subsequent point out of the case, signaling the start of what guarantees to be a meticulously scrutinized authorized course of surrounding the alleged multi-million-dollar fraud.