Published: Monday June 18, 2012 MYT 11:04:00 AM
Updated: Monday June 18, 2012 MYT 6:17:09 PM
Former NFC consultant claims trial to 17 money laundering charges
By MAIZATUL NAZLINA and QISHIN TARIQ
KUALA LUMPUR: Businessman Datuk Shamsubahrin Ismail claimed trial in a Sessions Court here Monday to 17 counts of money laundering totalling more than RM1.755mil.
Shamsubahrin, 45, who was a consultant to the National Feedlot Corporation Sdn Bhd (NFC), was slapped with 17 charges of taking money that was the profit (hasil) of illegal activity.
He allegedly committed the offences at various banks around Petaling Jaya and Kuala Lumpur between Nov 25 to Dec 13, last year.
The Shamsubahrin Ismail Resouces Sdn Bhd CEO, was charged under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 and faces a maximum of five years imprisonment or a fine of up to RM5mil, or both.
Judge S.M Komathy Suppiah set bail at RM30,000 with one surety and fixed June 29 for mention.
She ordered Shamsubahrin to be tried together with his five earlier cheating charges.
Shamsubahrin has also been charged with five counts of duping NFC director Datuk Dr Mohamad Salleh Ismail into providing consulting services to the NFC and handing over cheques worth RM1.755mil to him.
Shamsubahrin faces four cheating charges over NFCorp issue