How much was lost in the alleged cooking oil supply fraud?

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Over US$94,000 Allegedly Lost in Cooking Oil Supply Fraud

A company director has claimed trial to charges of fraud involving the alleged supply of 10 containers of Palm Olein CP10 cooking oil, with the Nigerian company reportedly handing over US$94,700 (RM414,810.62) as a result of the deception. The total value of the cooking oil in question was stated to be US$315,675.
Deception Over Supply Capacity

Nuruliman Haidi Che Mansor, 44, is accused of misleading Global Foods and Confectionaries KFZE (Nigeria) regarding his company, Tuan Iman Consultancy Sdn Bhd's, ability and licence to supply the cooking oil. This alleged misrepresentation prompted the Nigerian firm to make a payment.
Financial Loss to Nigerian Firm

The prosecution contends that the Nigerian company paid US$94,700 to Nuruliman Haidi's company under the false belief that the supply contract would be fulfilled. This amount would not have been transferred had the company not been deceived about the seller's capacity.
Fraud Charge Under Penal Code

The charge against Nuruliman Haidi is framed under Section 420 of the Penal Code, which deals with cheating. If convicted under this section, the penalty can include a maximum of 10 years imprisonment, whipping, and a fine.

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How much was lost in the alleged cooking oil supply fraud?

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