Datuk charged with RM500,000 floor coating business fraud?

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Datuk Charged with RM500,000 Floor Coating Business Fraud

A businessman, identified as Datuk Ridzuan Abdullah, 38, pleaded not guilty in the Sessions Court to a charge of cheating a woman out of RM500,000. The alleged offence involved inducing the 49-year-old woman to transfer the funds for a floor coating business, purportedly to generate profits.
Allegations of Dishonest Inducement

Ridzuan Abdullah is accused of dishonestly inducing the victim to transfer RM500,000, with the representation that the money would be used to obtain profit for a floor coating business. The alleged act of cheating occurred between January 1 and July 10, 2018, at Jalan Air Molek 1, Taman Tasik Titiwangsa.
Penal Code Provisions and Penalties

The charge against the businessman falls under Section 420 of the Penal Code. This section addresses cheating and dishonestly inducing delivery of property, and carries a penalty of imprisonment for a term of not less than one year and up to 10 years, along with whipping and a fine, upon conviction.
Bail Conditions and Next Steps

Sessions Court Judge Norma Ismail granted Ridzuan Abdullah bail set at RM15,000, supported by one surety. Further conditions imposed include the surrender of his passport to the court and a requirement to report to a nearby police station once a month. The court has scheduled January 5 for a mention, at which point documents are to be submitted.

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Datuk charged with RM500,000 floor coating business fraud?

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