Ex- Tanjung Offshore MD charged with money laundering

  • Business
  • Tuesday, 16 Feb 2016

KUALA LUMPUR: The former group adviser and managing director of oil-and-gas services provider Tanjung Offshore Bhd, has claimed trial to two charges of fraudulent inducement and money-laundering.

Datuk Harzani Azmi (pic), 49, was charged at a Sessions Court here today with fraudulent inducement under Section 366 (1) (a) of the Companies Act 1965, which is punishable with 10 years’ imprisonment, a RM250,000 fine or both.

For the second charge, he faces a maximum fine of RM5mil or five years in jail, or both under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, if convicted.

Harzani was represented by Datuk N. Sivananthan.

Sessions Court Judge Mohd Nasir Nordin set bail at RM100,000 for each charge and fixed March 23 for next mention.
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