Jobless woman fined RM24,000 for fraudulent RM1.1mil transfer of retiree's savings
A 43-year-old woman was fined RM24,000 for her role in a money laundering scam that defrauded a pensioner of RM1.1 million. The victim was tricked into transferring his savings to the woman's account under the guise of a police investigation.
Why it matters
The case highlights the prevalence of 'phone scam' operations and the legal consequences for individuals who facilitate the laundering of stolen funds.
KUALA LUMPUR: A jobless woman was fined RM24,000 by the Sessions Court here for moving RM1.1mil belonging to a pensioner into her bank account eight years ago.
Chin Chew Woon, 43, was sentenced after pleading guilty to two counts under Section 424 of the Penal Code for dishonestly removing another person's property here on Friday (Oct 2).
Sessions judge Muhammad Ilmami Ahmad also ordered her to serve 24 months in jail if she fails to pay the fine.
Chin was accused of moving RM500,000 and RM600,000 belonging to the 66-year-old pensioner to her own bank account in Brickfields on Dec 26 and Dec 27, 2018.
Section 424 of the Penal Code provides for a maximum five-year jail term, or a fine, or both, upon conviction.
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