SHAH ALAM, March 29 — A director of a construction company for the Mass Rapid Transit line project pleaded not guilty in the Sessions Court here today, to two charges of giving bribes amounting to more than S$650,000 and one charge of money laundering amounting to RM4.13 million.
He was charged with committing the offence on December 28, 2017 and January 9, 2018 at Amber Hill, Taman Melawati, Gombak under Section 16 of the Malaysian Anti-Corruption Commission Act 2009 which is punishable under Section 24 of the same act. For another charge, the 53-year-old man was charged with transferring proceeds from illegal activities, namely money amounting to RM4.13 million from an account belonging to Colas Rail System Engineering Sdn Bhd to an account belonging to Siaz Holding Bhd.
If convicted, the accused can be imprisoned for a maximum of 15 years and can also be fined not less than five times the value of the proceeds of the illegal activity or RM5 million, whichever is higher.
👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »