Company Director Pleads Not Guilty to Money Laundering Charges

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Crime News

Money Laundering,Court Case,Malaysia

Cheong Yin Ying, 39, denied two charges of using her building for money laundering activities. The charges stem from her alleged involvement in using the property and its contents for illegal activities on December 15, 2023. She faces up to 15 years imprisonment and a fine if convicted.

: A company director pleaded not guilty at the Sessions Court today to two charges of using her building for money laundering activities last year.

She was accused of direct involvement in using the property and its contents, owned by her company, located at Jalan Perindustrian Mantin 1 and 2, Kawasan Perindustrian Ringan Mantin, to conduct illegal activities on Dec 15, 2023. The offence is punishable by up to 15 years imprisonment and a fine of not less than five times the amount or value of the illegal proceeds or the equipment used in committing the offence, or RM5 million, whichever is higher, upon conviction.However, Cheong’s lawyer, Amirul Fairuzzeen Jamaluddin, requested the court to apply the same sum as in a previous case against his client in the same court.

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