Amran Mohd Amin, a 59-year-old former unit trust consultant, was sentenced on July 28, 2026, to 18 months in prison and fined RM2 million by two Sessions Courts in Kuala Lumpur after pleading guilty to cheating two men in connection with investments in the Kenanga Shariah Growth Opportunities Fund [1, 2, 3].
The offences took place between December 2021 and June 27, 2022, at Kenanga Tower on Jalan Tun Razak, Kuala Lumpur. Amran fraudulently induced the victims to purchase bank drafts worth RM130,000 and RM10,000 payable to his account at Kenanga Investors Berhad. The funds were then used to buy unit trusts for his own benefit [1, 2, 3].
He pleaded guilty under a plea bargain arrangement in accordance with Section 172C of the Criminal Procedure Code. The charges were brought under Section 179(b) of the Capital Markets and Services Act 2007 and punishable under Section 182, which carry a maximum sentence of 10 years imprisonment and a RM1 million fine per charge [1, 3].
The prison terms and fines were evenly split over two charges, each resulting in 18 months’ imprisonment and a RM1 million fine. If Amran fails to pay the fines, six months of jail time per charge will replace the fines. The jail terms will run concurrently beginning from his arrest date on September 8, 2025 [1, 2, 3].
The prosecution was led by deputy public prosecutor Mageswary Karroppiah, with assistance from Securities Commission officers Adibah Saiful Bahri and Sharifah Noor Effah. Amran was defended by lawyer Nor Azri Mohd Arif [1, 2, 3].
Amran was arrested on September 8, 2025, marking the start of his concurrent jail terms [1, 2, 3].
