: A company owner today claimed trial at the sessions court here today to 15 counts of money laundering activities involving RM100,000 from 2016 to last year.Of the 14 charges, he was allegedly using his current, savings as well as a company-owned bank account, Perniagaan GT Maju, to accept proceeds from illegal activities.
It was allegedly committed in Ipoh Garden and Gunung Rapat branches of Maybank Berhad respectively, and Bercham branch of Public Bank Berhad here between Jan 4, 2016, and May 27, 2019. If convicted, the accused can be sentenced to a maximum of 15 years’ jail and a fine of not less than five times the amount of value from the illegal activities or instruments of offence at the time the offence was committed or RM5 million, whichever is higher.
Earlier, Syafinas proposed bail of RM100,000 while the counsel pleaded for a lower bail as the accused now has no income and has a wife and a daughter to support, and had been cooperating with the police since the investigations began last year.