Two More Individuals Charged Over Similar Bancus Coin Investment Scam

Two individuals claimed trial over three charges of cheating a man and a woman of RM12,867.30 in total through a Bancus Coin investment scheme.

Chan Chen Shin, 52, and Pong Chin Yau, 54, pleaded not guilty at the Ipoh Magistrate Court today (March 11).

According to charge sheets, they are accomplices of two other individuals who were charged at the same court over the same case on November 2 last year.

For the first offence, both defendants allegedly cheated an individual named Hoi Kim Than of RM4,366.50 by having the victim deceived into believing that the investment scheme offers a high return. They then encouraged the victim to immediately deposit the said amount into their company account in RHB Bank (Menglembu Branch) at around 1.45pm on November 14, 2019.

For the second and third offences, both defendants allegedly cheated another individual named Leong Mei Lai of RM5,000 and RM3,500.80 respectively, by the same method.

They committed the second offence in Public Bank (Jalan Besar Pasir Puteh Branch) at around 1.34pm on May 1, 2019 and the third offence in another location at around 1.48pm on the same day.

For all offences, both defendants are charged under Section 420 of the Penal Code, which was read alongside Section 34 of the same Code. If convicted, they will be imprisoned up to 10 years, whipped and fined.

Prosecuting Officer, Siti Hajar Mohd Yusof who prosecuted the case, ordered for a bail of RM4,500 for each defendant over all charges.

The case was fixed for re-mention on April 15.

Refer to this article by Ipoh Echo for more information regarding the same case.


Chris Teh


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