SIBU: A 24-year-old woman was today (Sept 5) sentenced to 16 months’ jail by the Sessions Court here after she was found guilty of two charges of violating the Financial Services Act 2013.
Jessy Jenu Ringer, from Tatau, was sentenced to eight months’ jail for each charge by the Sessions Court Judge Mesyiri Peet after she pleaded guilty.
The judge ordered both sentences to run concurrently, with effect from her date of arrest on May 9, 2024.
The first charge against her stated that she had on Nov 23 last year, at about 2.40 pm at a house in Ulu Sungai Merah Road, abetted with another person still at large, to accept a deposit from Yong Ter Rong amounting to RM23,250 as an investment, without a valid licence under Section 10 of the Financial Services Act 2013 and in contravention of Section 137(1) of the Financial Services Act 2013.
Thereby, she committed an offence punishable under Section 137(2) of the Financial Act 2013 read together with Section 109 of the Penal Code.
The Act provides for an imprisonment term of up to 10 years or RM50 million fine or both.
The other charge mentioned that she had on Nov 21 last year, at about 4.43 pm at a house in Lada Street, abetted with another person who is still on the loose, to accept a deposit from Hu Chieng Hwa amounting to RM32,000 as an investment without a valid licence.
The case was prosecuted by DPP David Bakit while the accused had no legal representation.
