Company director charged with 26 counts of money laundering

KUANTAN: A company director was charged in the Sessions Court here today with 26 counts of money laundering, involving more than RM1 million.
Sheikh Saidey Nor Sheikh Abdul Rahman, 44, however, pleaded not guilty to all the charges before judge Siti Aminah Ghazali.
He was alleged to have committed the offences at various commercial banks, including Maybank, CIMB Bank and RHB Bank in the Kuantan district between Nov 27, 2015 and June 30, 2016.
Sheikh Saidey Nor, from Kampung Sungai Soi here, was alleged to have received money, in various currencies and obtained from unlawful activities , for purchase of properties here.
The charges were made under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which provides an imprisonment for up to 15 years, and fine of up to five times the amount involved or RM5 million, whichever is higher, if found guilty.
Deputy public prosecutor Idamasliza Maarof, who prosecuted, informed the court that Sheikh Saidey Nor had a similar case pending at the Kuala Lumpur Sessions Court and requested that today's case be transferred there.
Lawyer S. M. Karunanathan, representing Sheikh Saidey Nor, did not object to it.
Siti Aminah allowed the request and set Jan 11 next year for mention. — Bernama