SHAH ALAM: A bird's nest entrepreneur was sentenced to a day's jail and fined RM145,000 by the Sessions Court here on Monday, when he pleaded guilty to a charge involving a bird's nest investment scam.
Datuk Wong Sen Chiew, who owned Golden Nest Properties International (M) Bhd, admitted misleading the public to invest in a purported bird's nest cultivation scheme, which promised high returns.
He committed the offence at his office in Unit A-19-1, 1st floor, Block A, Jaya One Jalan Universiti, Petaling Jaya near here between Nov 28 and Oct 1, 2005.
Meanwhile, Wong, 56, also pleaded guilty to 28 counts of money-laundering involving RM975,580, with which he bought shares, cashed cheques and paid commissions.
The money-laundering was linked to the bird's nest investment scam.
Wong committed the offences between Dec 2, 2008 and Oct 1, 2009 at banks in the Klang Valley, including AmBank, Public Bank and CIMB Bank, and in his office.
Judge Mat Ghani Abdullah ordered him to settle the fine by Dec 10, or face five months' jail for each of the charges.
Deputy Public Prosecutor Mardziatun Nisa Ahamadul Kaber prosecuted while counsel S. Prakash represented Wong. Bernama
Datuk Wong Sen Chiew, who owned Golden Nest Properties International (M) Bhd, admitted misleading the public to invest in a purported bird's nest cultivation scheme, which promised high returns.
He committed the offence at his office in Unit A-19-1, 1st floor, Block A, Jaya One Jalan Universiti, Petaling Jaya near here between Nov 28 and Oct 1, 2005.
Meanwhile, Wong, 56, also pleaded guilty to 28 counts of money-laundering involving RM975,580, with which he bought shares, cashed cheques and paid commissions.
The money-laundering was linked to the bird's nest investment scam.
Wong committed the offences between Dec 2, 2008 and Oct 1, 2009 at banks in the Klang Valley, including AmBank, Public Bank and CIMB Bank, and in his office.
Judge Mat Ghani Abdullah ordered him to settle the fine by Dec 10, or face five months' jail for each of the charges.
Deputy Public Prosecutor Mardziatun Nisa Ahamadul Kaber prosecuted while counsel S. Prakash represented Wong. Bernama
