68 counts of money laundering involving RM11.4 million for Gnanaraja

68 counts of money laundering involving RM11.4 million for Gnanaraja

KUALA LUMPUR: Businessman G Gnanaraja faced fresh charges today over a total of 68 counts of money laundering involving RM11.4 million at the Kuala Lumpur Sessions Court.

The 38-year-old was accused of committing money laundering of RM2.2 million transferred via cheque from the bank account of Bumi Muhibbah Capital Holdings Sdn Bhd to the account of the Home Ministry.

The majority of the charges accused Gnanaraja of committing money laundering by transferring money via cheques from the account of Bumi Muhibbah Capital Holdings to various entities such as the Home Ministry and various companies and individuals.


He was alleged to have committed the offences at a commercial bank branch at KLCC, Kuala Lumpur, between July 28, 2017 and Jan 18, 2018.
Gnanaraja faced the charges under Section 4 (1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds from Unlawful Activities Act 2001.

Judge Rozina Ayub granted him bail of RM50,000 with two sureties and land in Cheras that was pledged to the court.

The two sureties are his brothers-in-law and the land belonged to them.
MACC deputy public prosecutor Allan Suman Pillai prosecuted and Gnanaraja was represented by counsel Geethan Ram Vincent.

This is the second time Gnanaraja was hauled to court.


Last Wednesday, he was charged for conning Consortium Zenith Construction off RM19 million allegedly to stop the MACC from probing the company.

GLOBAL AGRITECH SUMMIT

Tags assigned to this article:
g gnanarajamoney laundering