Another Big Shot charged with money laundering…

Big Shot, wife and friend arrested for money laundering!

26 May 2016

Pengerusi Koperasi Pembangunan Hartanah Putrajaya Berhad (KPHPB) Datuk Nazrul Izad Mohd Arsad didakwa di Mahkamah…

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http://www.utusan.com.my/berita/mahkamah/pengerusi-kphp-didakwa-terlibat-pengubahan-wang-haram-rm1-52-juta-1.334834

26 May 2016 | MYT 12:49 PM

Datuk charged with money laundering

PETALING JAYA: The chairman of Koperasi Pembangunan Hartanah Putrajaya, 37- year old Datuk Nazrul Izad Mohd Arsad was charged by a Sessions Court here with three counts of money laundering amounting to RM1.52mil.

He pleaded not guilty to the three charges after they were read out to him today.

The three counts of money laundering fell under Section 4(1)(a) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 and was read together with Section 87(1)(a) of the same act.

If found guilty, Nazrul could face a maximum RM5 million fine, a jail term of up to 5 years or both for each of the three charges.

He allegedly received money from illegal activities via a cheque that was banked into an account belonging to Koperasi Pembangunan Hartanah Putrajaya in Hong Leong Bank Berhad, and is accused of having committed the offences on Nov 26 and Nov 29 in 2013 and Feb 2014 at Taman Setapak Indah Jaya in Kuala Lumpur.

http://www.thestar.com.my/news/nation/2016/05/26/putrajaya-corp-chairman-charged/?utm_source=dlvr.it&utm_medium=twitter

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