Two directors of an investment company today claimed trial in the Sessions Court for three counts of an unspecified amount of money laundering.
Lai Chai Shuang, 49, and Chai Ling Mooi, 48, of MonSpace (M) Sdn Bhd are accused of using three different accounts of the company to launder money.
Both are alleged to have jointly committed the offences at Public Bank Berhad, Malayan Banking Berhad and RHB Bank Berhad branches in the city between June 6, 2016, and July 24 last year.
They were charged under Section 4(1)(a) of the Anti Money-Laundering and Anti Terrorism Financing Act 2001 which carries a punishment of a maximum 15 years’ jail and/or maximum RM5 million fine upon conviction.
Judge Zamri Bakar set bail at RM100,000 each which the accused posted, and fixed for the case to be mentioned on Sept 6.
In May, Lai, Chai and Wong Tat Foong, who are also directors of Monspacemall Sdn Bhd, were charged with conducting a direct sales business without a licence. – FMT