FORMER ACCOUNTS EXECUTIVE FACES 23 MONEY LAUNDERING CHARGES

16 Jul 2013 07:54

SHAH ALAM, July 15 (Bernama) -- A former accounts executive of a packaging company pleaded not guilty at the Sessions Court today to 23 counts of money laundering, five years ago.

V Mohan, 39, from Klang was charged with banking RM350,000 belonging to Clearpack (M) Sdn Bhd into the bank account of Cryovac Resources of which he was the sole proprietor.

He also allegedly withdrew RM279,499.10 from Cryovac's account and transferred RM238,000 to Ramadai Trading and Optimum Zone at Ambank and Alliance Bank Malaysia Bhd between Jan 25 and Dec 2 2008.

He faces up to five years jail or a maximum of RM5 million fine or both, upon conviction under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

Deputy public prosecutor Roslina Idris appeared for the prosecution while lawyer V. Kumaresan represented the accused.

Judge Aslam Zainuddin set bail at RM150,000 with one surety for all counts and fixed Aug 20 for remention. The accused settled the bail.

-- BERNAMA

FAI JM PA