Lim Tik Sheng, a 33-year-old graphic designer, faces charges for allegedly hiding over RM100,000 from 27-year-old business partner, Yap Wei Shen. The purported crime, from two years ago, entails Sheng shifting RM130,000 into his CIMB account. Court proceedings reveal that Sheng supposedly led Shen to believe these funds were being safeguarded, but discrepancies in their business’s finances surfaced the deceit.
Sheng’s serious charge falls under Section 424 of the Penal Code, resulting in a potential conviction of up to five years imprisonment or a substantial fine. A second charge under Section 29 (1) of the Minor Offences Act 1955 is also possible, as Sheng failed to explain sufficiently the origin of the funds.
An additional conviction could mean a fine not exceeding RM1000, a year of imprisonment, or both.
Graphic designer’s alleged financial misconduct
Judge Azrul Darus set Sheng’s bail at RM10,000, with the next court appearance scheduled for June 20.
Simultaneously, 36-year-old homemaker Norzahana Mohamed Hassan appeared in court, also facing charges. She allegedly received an unauthorized deposit of RM111,250 from 39-year-old Syahida Abdul Samad. The illicit financial exchange reportedly occurred between April 7 and November 9, 2022, in Puchong, breaching Section 10 of the Financial Services Act 2013.
If found guilty, Hassan may face imprisonment for up to 10 years, a fine not exceeding RM50 million, or both according to Sections 137(1) and 137(2) of the Financial Services Act 2013. Her bail, like Sheng’s, was set at RM10,000. Her re-mention date in court is June 21.
