SEREMBAN: Two men were charged at the sessions court here today with 22 counts of money laundering amounting to more than RM1.5 million, three years ago.
Mohd Liza Azmie Md Darus, 47, and Md Shah Shairie Abdul Rahman, 34, who were charged in separate courts, pleaded not guilty when the charges were read before judges Fathiyah Idris and G Ramesh.
Mohd Liza, a company director, faces 10 counts of accepting, using and possessing RM989,888 in proceeds from illegal activities at four different locations here between Aug 12, 2014 to Sept 1, last year.
Md Shah Shairie, who is currently serving a jail term for cheating, was charged with 12 counts of money laundering activities amounting to RM594,500 at two different banks here, between May 20 and 25, 2015.
Both were charged under Section 4 (1) (a) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613), which was read together with Section 87 (1) of the same Act, and provides for a maximum fine of RM5 million, imprisonment for up to five years, or both.
The prosecution was conducted by deputy public prosecutor Nor Ashikin Mokhtar, while Mohd Liza was represented by Mohd Baharuddin Ahmad Kassim.
He was allowed bail of RM150,000 for all charges and the judges set April 6 for remention.