2 company directors plead guilty to illegal remittance

JOHOR BARU: Two directors from separate illegal remittance companies were jailed after pleading guilty to money laundering charges involving RM247 million at the sessions court here today.
Ahmad Syah Md Shafie, 37, director of Nautical Sierra, was slapped with a 15-month jail term under the Anti-Money Laundering and Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA) and Section 4(1) of the Money Services Business Act 2011.
He had earlier pleaded guilty to carrying out 126 remittance service transactions without a license, between 2012 and 2016, amounting to RM133 million.
Arus Md Salleh, 30, director of Seri Angerik Enterprise was sentenced to six months jail under the Money Services Business Act 2011.
He had pleaded guilty to carrying out 135 illegal remittance transactions without a license between 2012 and 2016, amounting to RM114 million.
Both their jail terms will commence from Wednesday.
Deputy Public Prosecutor Husmarudin Husin and Bank Negara Malaysia prosecution officer Kelvin Ong appeared for the prosecution while both the accused were represented by Rosli Kamaruddin, Azmi Ahmad Bakri and Mohd Fahmi A. Jamil.