Man accused of $1m timeshare cheating

A man was charged in a district court on Tuesday with 72 counts of cheating timeshare consumers of a total of $1 million.

Zamri Zainal, 34, is claiming trial to cheating the victims into believing that Great Eastern Trust and Asset Management would take over their timeshare interest in various companies and dishonestly induced them to deliver money to Axial Management.

Each of them was allegedly deceived of sums ranging from $5,750 to $30,000 in 2007 and 2008.

The timeshare companies included Club Emperor, Concept Vacation Club and Viva Le Concierge Club.

Bail of $200,000 was offered. Zamri's passport has been impounded.

The case was adjourned to May 23. If convicted, he faces a jail term of up to seven years and fine on each charge.