Nepalese jailed, fined for conducting illegal foreign exchange business

KUALA LUMPUR: A
Nepalese man was
sentenced to a total of eight
months’ jail and fined
RM18,000 by the Sessions
Court here on Tuesday after
he pleaded guilty to three
counts of operating a money
remittance business
without a licence, three years ago.
Judge Azizah Mahamud
handed down the sentence
on Karna Bahadur Pun, 32.
On the first charge, Karna
was sentenced to two
months jail and fined
RM5,000, in default two
months jail, for preparing
to remit RM1,950, through
Krishna Bahadur Khatri
Chhtr, to Ram Bahadur
Lama, of Gagal Fedi,
Kathmandu, Nepal.
He was sentenced to three
months’ jail and find
RM6,000, in default three

months’ jail for preparing
to remit RM1,258 through
Krishna to Dil Bahadur
Gurung, of Dhading Bansi,
Dhading, Nepal.
On the third charge, Karna
was sentenced to three
months jail and fined
RM7,000, in default three
months jail, in preparing to
remit RM1,980 through
Krishna to Savita Gurung,
of Tanhu Damauli, Nepal.
The offences, which come
under the Exchange Control
Act 1953, were committed at
First Floor, No 32, Jalan Tun
Tn Siew Sin here on March
18 and 22, 2007.
The accused failed to pay
up the fines.
The jail sentences were to
be served consecutively
from Wednesday.
Bank Negara prosecuting
officer Alvin Ong Heng Kiat
prosecuted. — Bernama

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