Police leading businessmen Adan Ibrahim 33,(blue jacket) and Reduan Ismail 37,to the Ipoh Lower Courts lockup after being charged for cheating three women at a hotel here..(2nd February 2021) RONNIE CHIN/The Star
IPOH: Two businessmen have claimed trial at the Magistrate’s Court here to three charges of cheating people into investing about RM150,000 in a cryptocurrency scheme last year.
The two - Reduan Ismail, 37 and Adan Ibrahim, 33 - claimed trial to the charges under Section 402 of the Penal Code, which was read together with Section 34 of the same Act.
Reduan and Adan allegedly cheated three women at a hotel in Meru Raya here on May 8 and July 26 last year by making them believe that they could make a 20% profit over seven months with their investments.
Tuesday, 02 Feb 2021 11:44 AM MYT
BY JOHN BUNYAN
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IPOH, Feb 2 Two entrepreneurs claimed trial at the Magistrates Court here to charges of defrauding three women of RM150,500 via a purported bitcoin investment scheme.
Reduan Ismail, 38, a bundle clothing owner and Adan Ibrahim, 34, who owns a cosmetic business, pleaded not guilty when the charges were read in front of Magistrate Noor Azreen Liana Mohd Darus.
Both Reduan and Adan were accused of cheating Nur Raihan Shabila Md Noor, 24, and Rozidah Yahaya, 49, by tricking them into believing they would get a 20 per cent return for seven months continuously in their Actionmode bitcoin investment.