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Saturday, 6 May 2017

A van driver has been charged with three counts of laundering a total of RM1.7mil.


Van driver charged with laundering RM1.7mil



BUTTERWORTH: A van driver has been charged with three counts of laundering a total of RM1.7mil.

N. Lalit Kumar, 39, from Bukit Mertajam, pleaded not guilty to committing the offences when charged at the Sessions Court here yesterday.
On the first count, he denied receiving RM1.066mil through his company’s account at a bank in Jalan Bagan Luar here on June 12, 2015, and transferring RM600,000 on June 15 and RM150,000 on June 17, to the accounts of two other companies.
He also pleaded not guilty to the second charge of receiving RM624,902 through his company’s account on June 12, 2015, and transferring RM450,000 on June 16 and RM150,000 on June 17, to the accounts of two other companies.
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On the last count, he denied disposing a total of RM350,000 through two cash cheques from his company’s account on June 15 and June 16.
The offences, under Sub-section 4(1)(a) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, carries a maximum RM5mil fine or up to five years’ imprisonment or both.
Lalit Kumar appeared calm when the charges were read to him by a court interpreter in Tamil.
Deputy Public Prosecutor Syafinas Shabudin proposed bail of RM50,000 for all three charges.
Lalit Kumar’s lawyer, Y. Yogeswaran, pleaded for a lower amount, saying his client was currently working as a van driver and needed to care for his mother who has difficulty walking.
He also said Lalit Kumar was arrested in mid-2015 and remanded before being released on police bail.
“He has been cooperative and has shown no intention of fleeing,” Yogeswaran added.
Sessions judge Nor Aini Yusof granted RM10,000 bail for each charge with one surety and set June 5, for mention pending submission of documents. Lalit Kumar posted bail.

Read more at http://www.thestar.com.my/news/nation/2017/05/06/van-driver-charged-with-laundering-rm17mil/#mMEprFuwgoGoHt85.99

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