RM1.8mil Fraud Case Collapses: Court Frees Trainer, Slams Weak Prosecution

The Kuala Lumpur High Court has upheld the acquittal of Zuriati Mohamed Yusoff, a 51-year-old insurance trainer, on charges of cheating and 25 counts of money laundering involving RM1,849,719.75. Judge Datuk Muhammad Jamil Hussin dismissed the prosecution’s appeal against the Sessions Court’s March 2023 ruling, ending a high-profile financial crime case.

Zuriati was accused of defrauding a man by promising six fake insurance policies, allegedly collecting RM1.8mil on May 21, 2018, at Jalan Raja Chulan.

Fraud Case

As former director of Millionaire Synergy Sdn Bhd, she faced additional charges of laundering the funds through company transactions, including transfers to herself and 17 others. The charges, under Section 420 of the Penal Code and the Anti-Money Laundering Act, carried hefty penalties.

Her defense, led by Nur Shafiqa Balqish Jaffri, argued the money was repayment for her husband’s investment in a gold trading venture, not insurance fraud. Judge Hussin agreed, stating the prosecution, led by Halijah Mohd Khalidb, failed to prove deception, undermining both charges. The ruling exposes gaps in the case, reinforcing the need for solid evidence in financial crime trials, and clears Zuriati’s name after years of legal battles.

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