hi guys, in order for u guys to make a strong case with this guy, u need to provide the I.O (investigation officer) supporting documents like you bank in slip to the suspect's acc, and also the conversation / any contact that have been made between u and the suspect.
it will go under the Commercial Crime Dept, and if all the necessary document needed by the I.O is complete, for sure the I.O will open an Investigation Paper under the section 420 Penal Code.
penalty for Cheating under section 420 is imprisonment for at least 1 year and no longer than 10 years, including caning or can be fine, up to the magistrate.
what ever it is, just make sure u guys got it all documented, which WILL make things easier for the I.O to do their work.