SHAH ALAM: A prisoner and former lawyer pleaded not guilty to four charges of disposing of and transferring money totalling RM5.69mil, believed to be proceeds from unlawful activities in 2017 and 2018.
Loke Chee Min, 64, was accused of committing the offences at three bank branches in Balakong and Seri Kembangan between Oct 12, 2017 and Jan 30, 2018.
The charges were framed under Section 4(1)(b) of the Anti-Money Laundering and Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which is punishable under Section 4 (1) of the same law. — BernamaThe accused faces a maximum jail term of 15 years, a fine of not less than five times the amount or value of the proceeds of illegal activities or RM5mil, whichever is higher, if convicted.
Earlier, deputy public prosecutor Wan Nur Amanina Wan Din suggested that no bail be offered as the accused is serving his jail term for another offence.
Sessions Court judge Norazlin Othman fixed May 11 for the next mention. — Bernama
