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Teacher charged with cheating colleagues out of RM250,000 in investment scheme

Photo: THOMAS YONG JOHOR BARU: A Science teacher has been charged at the Sessions Court here with allegedly cheating his fellow teachers out of more than RM250,000 in an investment scheme. Mohd Hairulnizam Wahab, 39, claimed trial after a total of 12 charges were read to him in front of judge Ahmad Fuad Othman here on Thursday (May 27). According to the charge sheet, Mohd Hairulnizam was accused of accepting deposits of between RM10,000 and RM49,700 from 12 people amounting to RM284,200 for an investment scheme despite not having a license under Section 10 of the Financial Services Act 2013. He was alleged to have committed 11 of the offences at a school in Kota Masai while one was committed at a shop near Bukit Dahlia in Pasir Gudang between May and November 2014.

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