KUALA LUMPUR: A husband and wife were charged in separate sessional courts here on Friday November 11, each on five counts of money laundering involving RM6mil two years ago.
Tan Soon Hin, 43, and his wife Teh An See, 47, pleaded not guilty after the charges were read before Judge M. Bakri Abd Majid and Judge Kamarudin Kamsun.
Tan was accused of being indirectly involved in a transaction involving the proceeds of illegal activity involving RM6,079,922.75 deposited in a checking account belonging to Miracle Fortune Trends Enterprise, his wife’s savings and checking accounts and two checking accounts belonging to Fickle Sdn Bhd.
As sole owner and controller of Miracle Fortune and director of Fickle Sdn Bhd, Teh was charged (counts 1 through 3) with receiving proceeds of unlawful activity amounting to 3,753,805 .28 RM through the current account belonging to Miracle Fortune and two current accounts belonging to Fickle.
On counts four and five, she was charged with receiving proceeds totaling RM2,326,117.47 from illegal activities deposited in her savings and checking accounts.
All offenses were committed at Maybank Islamic Berhad in Queensbay Mall, Bayan Lepas, Penang; Malayan Banking Berhad at Sunway Giza, Petaling Jaya, Selangor; Hong Leong Bank Berhad in Pulau Tikus and Public Bank Berhad in Relau, Penang between January 7, 2020 and November 11, 2021.
They were charged under the Anti-Money Laundering, Terrorist Financing and Proceeds of Illegal Activities Act 2001, which carries a maximum prison term of 15 years and can be fined at least five times the sum obtained through money laundering, or RM5mil, as the case may be. is higher in the event of a conviction.
The judges then set bail at RM400,000 for Tan and RM500,000 for his wife and set January 16 next year for the mention of the case. – Bernama