Muhyiddin slapped with another money laundering charge amounting to RM5m

by Theleaders | March 13, 2023 3:48 am

SHAH ALAM: Former prime minister Tan Sri Muhyiddin Yassin was charged at the Sessions Court here today with one count of receiving RM5 million in proceeds from unlawful activities.

Muhyiddin, 75, who is also Bersatu president, pleaded not guilty after the charge was read out to him before Judge Rozilah Salleh.

“I understand the charge. I plead not guilty,” he said.

Muhyiddin, as Bersatu president, was alleged to have received proceeds from unlawful activities amounting to RM5 million from Bukhary Equity Sdn Bhd, which was deposited into the AmBank account belonging to the party at the bank’s Amcorp Mall branch, Petaling Jaya here on Jan 7, 2022.

The Pagoh Member of Parliament was charged under Section 4(1)(b) and read together with Section 87(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which provides for the penalty under Section 4(1) of the same act.

The section provides for, upon conviction, a maximum jail term of 15 years and a fine of up to five times the sum or value of the proceeds from the unlawful activities or RM5 million, whichever is higher.

More to come. – Bernama

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