KUALA LUMPUR: A businessman has claimed trial in the Shah Alam Sessions Court to seven counts of receiving proceeds from unlawful activities amounting to RM128.34mil between 2012 and 2013.
P. Shailen, 58, pleaded not guilty to all the charges before judge Awang Kerisnada Awang Mahmud on Friday (April 24).
Shailen is accused of receiving funds totalling RM128,338,690.11, allegedly derived from illegal activities, from a bank account belonging to Paneagle Infratek Sdn Bhd into his Primawin Limited bank account.
The amounts involved in the respective charges are RM4,949,965.99, RM4,749,966.01, RM5,299,966, RM2,299,964.69, RM29,696,330.51, RM38,281,920.56 and RM43,060,576.35.
The offences were allegedly committed at a bank in Subang Jaya, Selangor, between July 11, 2012 and Nov 20, 2013.
He was charged under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001, punishable under Section 4(1) of the same Act, which carries a fine of up to RM5mil, imprisonment of up to 15 years, or both, upon conviction.
The court allowed the RM100,000 bail previously granted by the Kuala Lumpur Sessions Court in an earlier case to be extended to the Shah Alam case.
It imposed additional conditions that Shailen report to the Malaysian Anti-Corruption Commission (MACC) office once every two months, refrain from interfering with prosecution witnesses, and surrender his passport to the court.
Judge Awang Kerisnada also ordered the case to be transferred to the Kuala Lumpur Sessions Court, with June 11 fixed for mention.
On Thursday (April 22), Shailen pleaded not guilty in the Kuala Lumpur Sessions Court to a separate charge of abetting the use of a forged document in connection with a RM400mil loan application.
He was accused of abetting Ranjeet Singh Sidhu, 56, in using as genuine a document titled "Joint Completion Guarantee” between V Telecoms Berhad and Huawei Technologies Co Ltd, dated June 21, 2012.
The document was allegedly used to fulfil approval requirements for a bank loan to finance the development of a coastal fibre-optic network around Peninsular Malaysia, despite Shailen having reason to believe it was forged.
The alleged offence took place at a bank on Jalan Sultan Ismail, Kuala Lumpur, on June 29, 2012.
He was charged under Section 109 of the Penal Code, read together with Sections 471 and 465, which carries a maximum sentence of two years’ imprisonment, a fine, or both, upon conviction. – Bernama
