KUALA LUMPUR, March 16 — A businessman who used a fake ‘Datuk Seri’ title was charged in two Sessions Courts here today, on 12 counts of cheating 12 individuals in connection with a non-existent Planetrade investment syndicate, involving losses amounting to RM2.2 million.
Kyairul Syahirin Ahmad, 46, pleaded not guilty to all charges, read out before Judge Kamarudin Kamsun and Judge Datin Sabariah Othman.
According to the charges, Kyairul Syahirin is accused of committing fraud against several individuals, comprising two men and 10 women, by deceiving them into believing that he was conducting investment on Bursa Malaysia.
The accused’s act prompted the victims to transfer a total of RM2.2 million into the accounts of his companies, including Planemax Essentials Sdn Bhd, Planetrade Holdings Sdn Bhd, Planeworld Flexi Sdn Bhd and Planetrade Premier Sdn Bhd, to which the victims would not have transferred the money had they been not duped by the victim.
He was alleged to have committed all offences at an office unit in Plaza Arkadia, Desa Park City, Sentul, between Feb 2 and Nov 28, 2021, and he was charged under Section 420 of the Penal Code which carries a maximum jail term of 10 years and whipping and fine, if convicted.
Meanwhile, businesswoman Rozana Mohamed, 54, also pleaded not guilty in the same two…
