Trio in money laundering case

  • Nation
  • Thursday, 28 Sep 2006

MALACCA: Two businessmen and a jobless man have claimed trial to 202 charges of money laundering involving RM18.6mil. They were charged at two separate Sessions Courts yesterday. 

Businessman Teo Chin Hua, 57, pleaded not guilty to 98 charges involving RM8.6mil.  

He was alleged to have committed the offences between Jan 3, 2003, and Dec 22, 2004, at the Bank Bumiputra Commerce Bhd branch at Wisma Haji Sulong Siban in Masjid Tanah.  

Teo allegedly committed the offences through the bank account of Techint Enterprise.  

TO COURT:Teo (front),Ng (inyellow Tshirt)andLee beingtaken totheSessionsCourt inMalaccayesterdaywhere theywerechargedwithmoneylaundering.

Sessions judge Sabariah Othman fixed bail at RM500,000 with one surety and asked for his passport to be surrendered to the court.  

Sabariah also set the hearing date for Jan 17, next year. 

In another Sessions Court, businessman Lee Swee Chwee, 47, and Ng Lian Chi, 37, from Taman Mengkuang, Masjid Tanah, claimed trial to 62 charges involving RM4.9mil and 42 charges involving RM5.1mil respectively. 

Lee allegedly committed the offences between Jan 2, 2003, and Jun 22, 2004, at the same bank branch through an account belonging to Chua Ah Yong, while Ng allegedly committed the offences through his own account at the same branch between Feb 10, 2003, and Sept 23, 2004. 

Both were represented by Betty Chew. 

Bail was fixed at RM300,000 with one surety each and their passports to be surrendered to court. Judge Ahmad Kamar Jamaludin fixed Oct 30 for mention. 

All three accused had not posted bail as of press time. 

Chew and Teo's counsel K. Karnis had asked for lower bail. They said their clients were prosecution witnesses in a criminal breach trust case against a bank manager.  

Bumiputra Commerce Masjid Tanah bank manager Zainal Abidin Othman, 45, had been charged with CBT involving fixed deposits totalling RM18.05mil on Jun 20, last year.  

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