In Penang, 3 members of the same family, have been charged with money laundering.
In two separate Sessions Courts here, four people—three of whom were family members—pleaded not guilty to 150 counts of money laundering involving more than RM300 million between 2018 and 2020.
A managing director of an investment firm named Mohd Nasri was charged with a total of 118 offences, while the chief executive officer of the firm, Abdul Wahab, was charged with 30 offences as well as two charges that were read aloud in conjunction with his wife Resool Bivi and his daughter Nur Hafeezah.
All of them were accused of violating the Anti-Money Laundering, Anti-Terrorist Financing, and Proceeds of Unlawful Activities Act 2001’s Section 4(1)(b), which carries a harsh penalty.
Between May 2018 and December 2020, all of the offences were committed in various banks around Peninsula Malaysia.
If found guilty, the offence entails a maximum 15-year prison sentence and a fine of at least RM5 million or at least five times the amount earned through money laundering.
Bail was imposed at RM500,000 with one surety for Mohd Nasri, RM110,000 for Abdul Wahab, RM25,000 for Nur Hafeezah, and RM10,000 for Resool Bivi (one surety).
Both judges set the mention date as November 15.
While Abdul Wahab, Resool Bivi, Nur Hafeezah, and Mashitah Jamaluddin were defended by attorneys Mashitah Jamaluddin and S. Raveentharan, Nasri was prosecuted by deputy public prosecutor Harris Ong Mohd Jeffery Ong.
