Company director charged with money laundering over RM9mil

Lau Kok Loon, 77, who is a director of Semenyih Jaya Sdn Bhd, however, pleaded not guilty to the charge after it was read out to him before judge Hasbullah Adam.

He was alleged to have committed the offence by the transferring the money, involving RM9,155,644.23, believed to be proceeds from unlawful activities, in 34 transactions from a fixed account belonging to him at Hong Leong Bank to a current account which also belonged to him at the same bank. It was allegedly committed at the Kuala Lumpur main branch of Hong Leong Bank at Wisma Hong Leong, Jalan Perak here between Dec 4, 2013 and Sept 19, 2017.

Lau was allowed bail of RM30,000 in one surety and also ordered to surrender his passport to the court.Deputy public prosecutor Syafinas Shabudin prosecuted, while Lau was represented by lawyer S. S. Devanandan.- Bernama

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Company director charged with money laundering of more than RM9m in KL | Malay MailKUALA LUMPUR, July 8 — A company director was charged in the Sessions Court here with money laundering, involving more than RM9 million. Lau Kok Loon, 77, who is a director of Semenyih Jaya Sdn Bhd, however, pleaded not guilty to the charge after it was read out to him before judge Hasbullah...
Source: malaymail - 🏆 1. / 86 Read more »

Company director charged with laundering RM9 million | The Malaysian InsightLau Kok Loon pleads not guilty; July 20 set for mention.
Source: msianinsight - 🏆 8. / 63 Read more »

Company director claims trial to money laundering | New Straits TimesKUALA LUMPUR: A 77-year old company director who was unable to stand upright inside the dock as he had on a back brace, at the Sessions Court today was charged with money-laundering involving more than RM9 million.
Source: NST_Online - 🏆 17. / 53 Read more »