Couple Charged Over Investment Scams

A husband and wife couple was indicted at the Ipoh Magistrate Court today (November 2) over charges of investment scams amounting to more than RM120,000 last year.

Chai Koon Shong, 44 and Ng Kah Lai, 46 pleaded not guilty to those charges before Magistrate Noor Azreen Liana Mohd Darus.

The first charge alleged that the couple deceived a man by offering a high-return ‘Bancus Coin’ investment plan and motivated the victim to immediately deposit RM4,366.50 into their company account at 1.45pm on November 14, 2019, in RHB Bank, Menglembu.

Both Chai and Ng were also charged with deceiving two women into depositing RM5,000 and RM3,500 respectively, between 1.34pm to 1.48pm on May 1, 2019, in Public Bank, Jalan Pasir Puteh.

They are charged under Section 420 and Section 34 of the Penal Code, in which if convicted, will be imprisoned up to 10 years, fined or both.

Chai and Ng posted bail for RM4,000 each, with mention date fixed for December 11.

The case was prosecuted by Prosecuting Officer, Siti Hajar Mohd Yusof while the couple were represented by lawyer M. Mahendra.

Last Wednesday (October 28), president of Yayasan Pengguna Negara (National Consumer Foundation), Datuk Mohd Firdaus Abdullah claimed that more than 50 Perakeans fell victim to investment companies which involved losses of more than RM1 million.

He also claimed that the foundation had received at least 400 complaints regarding similar scams.


Rosli Mansor


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