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Wednesday October 30, 2013 MYT 1:33:00 PM
Wednesday October 30, 2013 MYT 2:27:42 PM
by josephine jalleh
GEORGE TOWN: A 55-year-old businessman claimed trial in a Sessions Court on Wednesday to 44 charges of money laundering amounting to RM7,970,442.84.
Joseph Kow Hock Beng denied committing the offences between March 18, 2011 and Sept 21, 2012.
The charges under subsection 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 carry a fine of not more than RM5mil or five years jail or both.
In the same court, Veronica Tan, 52, claimed trial to 37 charges of money laundering amounting to RM7,815,082.67 allegedly committed between March 18, 2011 and Dec 31, 2012.
On behalf of six companies, the duo also claimed trial to 41 other charges of money laundering.
Sessions judge Khairul Anuar Abdul Halim set bail at RM50,000 each in one surety each and for them to hand over their passports to the court.
Counsels B. Jeyasingam and Ong Yu Shin represented both of them.
Deputy public prosecutor Pang Chuin Keat prosecuted.
Tags / Keywords:
Court, Money laundering, Penang, businessman
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