SEREMBAN – An unemployed man was today sentenced to 16 years’ jail and 34 strokes of the cane by the Sessions Court here after he pleaded guilty to 14 counts of fraud in share investment dealings involving a loss of RM645,229 last year.
Md Shah Shairie Abd Rahman, 33, who was unrepresented pleaded guilty after the charges were read out to him by a court interpreter before judge Fathiyah Idris and judge G. Ramesh.
According to the charge sheet, Md Shah Shairie was accused of deceiving Mohd Shamir Leman, 43, into believing that he was a registered remisier who was conducting business at the Kuala Lumpur Stock Exchange and prompting the victim to hand over cash in stages, 14 times.
He was accused of committing all the offences at Seputeh Resources office at No 624, Jalan Kuala Pilah, Batu 2, Bandar Baru Ampangan, Seremban between Dec 19, 2014, and Nov 13, 2015.
Deputy public prosecutor Nurhafizah Haron and Siti Aishah Ab Rashid led the prosecution.
At the Criminal Sessions Court 1, Fathiyah sentenced the accused to 12 years’ jail and 19 strokes of the cane while at the Criminal Sessions Court 2, Ramesh handed down a four years’ jail sentence and 15 rotan.
Md Shah Shairie was ordered to serve the sentence separately from the date of his arrest two weeks ago.
Earlier, in mitigation, the accused requested for a lenient sentence on the grounds that he had to take care of his parents, two young children and a wife who is not working.
However, the prosecution asked the court to impose a deterrent sentence on the accused as he had caused the victim to lose over half a million and to serve as a lesson to members of the public. – BERNAMA