KUALA LUMPUR: A company director was charged in the Sessions Court here today with eight counts of money laundering involving RM1.15
Luke Ram Shori, 53, of Shori Aquatic Industry Sdn Bhd pleaded not guilty to all the charges read before Judge Sohaini Alias.
He allegedly transferred a total of RM1,151,950, money earned from illegal activities, in eight separate transactions to a CIMB Islamic Bank account
belonging to his company.
The offence was committed at CIMB Islamic Bank, Sentul Branch, between Nov 14, 2013 to June 18, 2014.
The father of three, was charged under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 which carries a maximum fine of RM5 million or imprisonment not exceeding five years or both, if convicted.
Deputy public prosecutor Mohd Farez Rahman requested that bail be set at RM150,000 and his passport impounded as the case involved a big sum of money.
Counsel Muhammad Nor Izzat Nordin, representing the accused appealed for lesser bail as his client had cooperated throughout the investigation and there was no reason for him to flee.
Judge Sohaini allowed the accused bail of RM100,000 in one surety and ordered him to surrender his passport to the court. The case was set for re-mention on Feb 15.- BERNAMA