Pensioner claims trial to 12 charges of money laundering
23 Jun 2022 03:19pm
60, was charged with transferring RM1,685,543.27 believed to be proceeds from unlawful activities in several bank accounts belonging to four companies. Pic from 123RF.
SHAH ALAM - A retiree has pleaded not guilty at the Sessions Court here today to 12 charges of money laundering involving nearly RM1.7 million.
K.Suranderan, 60, was charged with transferring RM1,685,543.27 believed to be proceeds from unlawful activities in several bank accounts belonging to four companies, three individuals as well as his personal bank account, including credit card accounts between RM11,398 and RM516,480.
He was accused of committing all the offences between Nov 14, 2019, and March 29, 2021, at the Klang branch of OCBC Bank (Malaysia) Bhd.
The charges were framed under Section 4(1)(b) of the Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which carries a jail term of up to 15 years and is liable to a fine, not less than five times the amount or value of proceeds of illegal activities or RM5 million, whichever is higher if convicted.
Deputy Public Prosecutor Noor Zalizan Lazarous prosecuted the case while the accused was represented by lawyers K.Renuka and V.Ayasamy.
Judge Helena Sulaiman allowed bail of RM40,000 with one surety and ordered the accused to surrender his passport to the court and report himself at a police station every month.
She also fixed August 19 for mention. - Bernama
