PETALING JAYA: Koperasi Pembangunan Hartanah Putrajaya Berhad (KPHP) owner and chairman Datuk Nazrul Izad Mohd Arsad was today charged in the Sessions Court on three counts of money laundering involving some RM1.52 million.
Nazrul Izad, 37, claimed trial to committing the offences through three bank transactions at Hong Leong Bank Berhad at 8 & 10C, Jalan 3/50C, Taman Setapak Indah Jaya off Jalan Genting Kelang in Kuala Lumpur.
Deputy public prosecutor Husmarudin Husin requested the court to impose a RM300,000 bail for all the charges.
Counsel Mohd Shahril Adnan, in requesting a lower bail for Nazrul Izad, said that his client has five children to support.
"The bail requested is too excessive. He is innocent until proven guilty and bail is only to ensure attendance and therefore should not be punitive in nature.
"My client surrendered to the police yesterday and has been very cooperative during police investigations, which started last year. A bail of RM60,000 is sufficient," said Shahril.
Judge Mohamad Kamil Nizam set bail at RM100,000 in one surety.
Nazrul Izad is also required to report to a police station nearest to his home once a month and surrender his passport to the court.
Mohamad Kamil also granted Husmarudin's request to have the case mentioned tomorrow (May 27), together with KPHP's chief executive officer Datuk Jali Sekak,50, his wife Norhaizan Yahya , 44, and business partner Nur Nadia Yusof, 28, who were earlier charged with 35 charges of money laundering involving some RM2.1 million.
The trio had claimed trial to all charges on April 28.