: A former finance manager of a musical equipment company was charged in two Sessions Courts here today with 22 counts of money laundering involving RM28 million., 35, pleaded not guilty to all the charges which were read out separately before Judge Muhamad Anas Mahadzir and Judge Norazlin Othman.
He was alleged to have received the money through cheques and transferred it online from a bank account belonging to the company into his own personal account and several other company accounts. The charges were framed under Section 4 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 and punishable under Section 4 of the same law, which provides imprisonment for up to 15 years and a fine of not less than five times the amount or value of proceeds from the unlawful activities or RM5 million, whichever is higher if found guilty.
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Fuente: staronline - 🏆 4. / 75 Leer más »