SIBU: A local man has been fined RM45,000 in default six months’ jail for operating an unlicensed money transfer business.
Luck Ze Hao, 27, pleaded guilty before Sessions judge Marutin Pagan here on Tuesday (Sept 24) to a charge under Section 4(1) of the Money Services Business Act 2011.
He faced a maximum penalty of RM5mil and up to 10 years in prison if convicted.
He was accused of committing the offence between Oct 19 and 23 last year at a shop in Jalan Khoo Peng Loong here.
According to the facts of the case, a local man and an Indonesian man were appointed by Bukit Aman to act as agent provocateurs to remit money to Indonesia.
The first man sent RM200 to a recipient in Indonesia and was charged RM20 as a remittance fee.
The second man sent RM380, also to a recipient in Indonesia, for a fee of RM20.
They then retained their respective receipts for use as evidence in court.
