KUALA LUMPUR: The Sessions Court has fixed Friday (Dec 19) to deliver its decision in an application by business tycoon Tan Sri Abu Sahid Mohamed, who is seeking temporary access to his passport for a trip to London next month.
Sessions Court judge Suzana Hussin told the parties that she would decide after reviewing the submissions from both sides.
In Wednesday’s (Dec 17) proceedings, Abu Sahid was exempted from attending.
Abu Sahid applied to have his passport back on Dec 10, as he needed to send his daughter to a university in London in January.
The travel dates were scheduled for Jan 12 to 28, 2026.
Abu Sahid, a director of Maju Holdings Sdn Bhd, was charged with five counts of criminal breach of trust involving RM458.5mil at two banks in Taman Tunku and Taman Serdang Perdana between May 3, 2016 and Oct 21, 2019.
The charges under Section 409 of the Penal Code carry a maximum imprisonment of 20 years, whipping and fine, if convicted.
For the first 10 money laundering charges, he is accused of transferring RM116,449,536.12 from his bank account to the accounts of five individuals and four construction companies between May 4, 2016 and Oct 29, 2019.
For the 11th to the 13th money laundering charges, he allegedly disposed of proceeds from illegal activities amounting to RM22,802,612.86 by cashing multiple cheques between May 4, 2016 and Sept 19, 2018.
The charges under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001, carry prison time of up to 15 years and a fine of no less than five times the amount of proceeds from illegal activities or RM5mil, whichever is higher, if found guilty.
Abu Sahid was out on a RM1.5mil bail.
