President of MIYC Charged

Malaysian Indian Youth Council president M.L. Reghu Devan Lopez was granted a total bail of RM62,000 by two magistrate’s courts here after he denied 14 counts of cheating involving more than RM250,000.

Reghu, 36, a former insurance agent, claimed trial to committing all the offences at the American International Assurance (AIA) payment counter at Wisma Leader, Jalan Larut, between January 2009 and March 2010. He was charged with cheating AIA Berhad by using 14 cheques totalling RM907,000 which was premium paid by one of his clients for insurance policies under the name of 46 individuals who did not exist.

His action had led AIA Berhad to allow the payment of RM253,829.93 commission to him. The offences under Section 420 of the Penal Code carry a jail term of not less than one year and not more than 10 years, whipping and a fine.