Punishment may be up to five or 15 years’ jail, a fine, or both.
Umno president Ahmad Zahid Hamidi is expected to face at least 35 charges amounting to RM7 million under the Penal Code as well as anti-money laundering and corruption laws, sources said.
It is believed that some of the offences under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla) were allegedly committed between 2014 and last year.
A source said if the offences were committed before September 2014, Zahid could face a fine of up to RM5 million, a maximum jail term of five years, or both.
If the offences were committed after September 2014, he faces a maximum sentence of 15 years in jail and a fine of not less than five times the sum of the proceeds of the unlawful activity or RM5 million, whichever is higher. – FMT
Earlier report: Oct 18, MACC Arrests Zahid for CBT, Money Laundering