Adam Rosly’s RM500K Loan from ‘Ah Long’

925
- Advertisement -

Ampang Keadilan Youth chief Datuk Adam Rosly Abdullah yesterday told the Sessions Court that he borrowed RM500,000 from an Ah Long (loan shark) to settle repayment on the house that he bought from Public Bank for RM1.2 million in cash.

He said he did so as he could not obtain a bank loan to finance the payment on the 2.5-storey, partly completed bungalow at Kampung Melayu Ampang in June 2016.

“I came to know about the Ah Long from a friend, Hassan; I had asked him whether he knew of any source that I could borrow money from so that my RM120,000 deposit on the house would not ‘burn’ (be forfeited).

“After getting the money, I must make the repayment to the Ah Long weekly by cash through a number of accounts and the amount was based on an agreement with the Ah Long,” he said in the examination-in-chief by counsel Datuk Sulaiman Ismail on the first day of his defence trial.

Adam Rosly, 31, is accused on six charges of giving false statements and submitting fake documents to the Malaysian Anti-Corruption Commission during an investigation in 2017 into claims about his extraordinary wealth.

Aside from the loan from Ah Long, Adam Rosly also said he borrowed RM180,000 from his mother-in-law and grandmother.

“I also sold two cars – mine and my wife’s for RM250,000, while the balance of the payment to the bank was from income that I derived directly and indirectly from my business,” he said.

Bernama

On the direct income, he said he derived it from the sale and purchase transactions of ‘sambung bayar’ vehicles through his company, Gegas Mentari Holding Sdn Bhd.

As for indirect income, he derived it from profits through providing financing assistance to friends who needed capital to start their business.

“I also get a monthly income of RM3,000 as Ampang Pangsapuri Taman Industri Lembah Jaya Management Corporation chairman,” he told the court, adding, he settled the payment on the house on February 13, 2017.

On the first two charges, Adam Rosly is accused of giving false recorded statements to two MACC investigating officers, under Section 32(8)(c) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

On four other charges, he allegedly used two fake loan agreement documents from two individuals and two cash vouchers from his company to mislead MACC investigating officers, under Section 89 of the same Act.

He is accused of committing the offences at the MACC headquarters at Pusat Pentadbiran Kerajaan Persekutuan, Putrajaya, between 9 am and 12.15 pm on February 10, 2017, and between 9am and 2pm on February 22, the same year.

The charges carry a maximum fine of RM3 million or up to five years imprisonment, or both, each, on conviction.

Judge Allaudeen Ismail adjourned the trial to Thursday. Deputy public prosecutor Ahmad Akram Gharib represented MACC.


Earlier report: Apr 21, The Castle That Got Adam Charged