AI Summary
A 31-year-old gold trading and foreign exchange consultant, Abel Ong Jun Wen, pleaded not guilty to illegally accepting RM1.18 million for investment purposes without a valid license. The alleged offense occurred between October 17, 2022, and March 15, 2023. He faces a potential 10-year prison sentence and/or a RM50 million fine under the Financial Services Act 2013. Ong was granted RM30,000 bail and ordered to report to the police monthly. The case is set for mention on June 24.
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