Ex-manager charged with money laundering


SEREMBAN: A former manager of a housing development company has claimed trial to 16 charges of money laundering involving RM209,000.

Wong Tze Wei, 47, pleaded not guilty after the charges were read out to him before Sessions Court judge Madihah Harullah.

He was charged with laundering money belonging to Great Five Development Sdn Bhd between Feb 2,2016 and March 3 the same year at the company’s premises here.

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

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

Deputy public prosecutor Rohaiza Zainal proposed bail at RM100,000 for each charge.

Lawyer S. Prakash requested bail to be set at RM20,000 for all charges as his client and wife were both not working.

Prakash also asked the court to allow bail to be posted by Monday.

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

She also allowed bail to be posted by March 8.

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