KENINGAU: An oil palm company owner pleaded not guilty in the Sessions Court here today to money laundering amounting to RM8.996 million.
How Kim San, 55, allegedly received the money from illicit activities via six cheques, between May 29, 2013 and Sept 23, 2013, in Keningau, Sabah.
He was charged under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which is punishable with imprisonment of up to five years or a fine, or both upon conviction.
This is the second charge for How after he, along with Sabah Land Development Board (SLDB) General Manager [email protected] Majid, 63, were each charged with committing criminal breach of trust and abetment at the Kota Kinabalu Sessions Court Tuesday.
Judge Abu Bakar Manat allowed bail of RM100,000 in two local sureties and fixed Oct 27 for re-mention, to coincide with the CBT case that How and George are also facing.
Deputy Public Prosecutor Ahmad Akram Gharib from the Malaysian Anti-Corruption Commission appeared for the prosecution, while the accused was represented by counsel Sugumar Balakrishnan.