KUALA LUMPUR: A former company director has been sentenced to almost 2,000 years’ jail and fined RM1.596mil by the Sessions Court here for 472 counts of money laundering and nine counts of illegal deposit-taking involving millions of ringgit four years ago.
Another former director charged in the same case was sentenced to a total of 139 years’ jail and fined RM180,000 for nine counts of illegal deposit-taking and 130 counts of money laundering. Also implicated was the company, Asia Ceramic Marketing Sdn Bhd, which was fined RM180,000 for nine counts of illegal deposit-taking.
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