BERNAMA – A private-sector pensioner pleaded not guilty at the Sessions Court in Shah Alam yesterday to 12 charges of money laundering involving nearly MYR1.7 million.
K Suranderan, 60, was charged with transferring MYR1,685,543.27 believed to be proceeds from unlawful activities in several bank accounts belonging to four companies, three individuals as well as his personal bank account, including credit card accounts between MYR11,398 and MYR516,480.
He was accused of committing all the offences between November 14, 2019, and March 29, 2021, at the Klang branch of OCBC Bank (Malaysia) Bhd. The charges were framed under Section 4(1)(b) of the Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which carries a jail term of up to 15 years and is liable to a fine, not less than five times the amount or value of proceeds of illegal activities or MYR5 million, whichever is higher if convicted.
Deputy Public Prosecutor Noor Zalizan Lazarous prosecuted the case while the accused was represented by lawyers K Renuka and V Ayasamy.
Judge Helena Sulaiman allowed bail of MYR40,000 with one surety and ordered the accused to surrender his passport to the court and report himself at a police station every month.
She also fixed August 19 for mention.