Man claims trial to money laundering charges involving RM209,000


SEREMBAN: A 47-year-old former manager of a housing development company claimed trial at the Sessions Court here to 16 charges of money laundering involving RM209,000.

Wong Tze Wei pleaded not guilty after the charges were read to him before judge Madihah Harullah.

He was charged with laundering the money belonging to Great Five Development Sdn Bhd between Feb 2 and March 3,2016.

He allegedly committed the offences at the company's premises.

Wong was charged under section 4(1)(b) of the Anti-Money Laundering, Anti-Terrrorism Financing and Proceeds of Unlawful Activities 2001.

Offenders can be jailed up to 15 years and fined five times the amount of the illegal proceeds or RM5mil, whichever is higher.

Deputy Public Prosecutor Rohaiza Zainal then urged the court to fix bail at RM100,000 for each charge.

However, counsel for the accused, S. Prakash, requested bail to be set at RM20,000 for all charges as both the accused and his wife are not working.

He said the accused had also posted a RM460,000 bail for several other charges in another case.

He also asked the court to allow the accused to post bail by Monday (March 8).

Madihah then fixed bail at RM100,000 for all charges and fixed March 8 and 9 for trial.

She also allowed Prakash's request to allow his client to post bail by March 8.

Rohaiza, when met outside the court, confirmed that the accused had 78 charges against him under sections 408 and 409 of the Penal Code for committing criminal breach of trust involving RM922,500.

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