Tuesday, October 20, 2020

Malaysia: Prominent lawyer, Shafee’s money laundering trial to begin July 8

-

The High Court here today fixed eight days beginning July 8 for the trial of prominent lawyer Tan Sri Muhammad Shafee Abdullah on two charges of money laundering involving RM9.5 million he received from former prime minister Datuk Seri Najib Tun Razak and two charges of making false statements to the Inland Revenue Board (IRB).

During case management today, Judge Collin Lawrence Sequerah fixed July 8 to 11 and July 15 to 18 for the hearing.

Former Federal Court judge Datuk Seri Gopal Sri Ram, the lead prosecutor, and the defence team led by Harvinderjit Singh did not object to the trial dates.

On Sept 13 last year, Muhammad Shafee, 66, pleaded not guilty to receiving proceeds from unlawful activity via cheques issued by Najib which were remitted into Shafee’s CIMB Bank Berhad account. He allegedly received a cheque for RM4.3 million on Sept 13, 2013, and another for RM5.2 million on Feb 17, 2014.

- Advertisement -

He allegedly committed the two offences at CIMB Bank Bhd, J2 & K1, Taman Tunku, Bukit Tunku.

The charges under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 carry a fine not exceeding RM5 million or up to five years’ jail or both upon conviction.

Muhammad Shafee is also facing two charges of being involved in transactions of proceeds from unlawful activity, that is by making inaccurate statements and in contravention of paragraph 113(1)(a) of the Income Tax Act 1967 for financial years ending Dec 31, 2013, and Dec 31, 2014.

He allegedly committed the offences at the Duta branch of IRB, Kompleks Pejabat Kerajaan, Jalan Tunku Abdul Halim here on March 3, 2015, and June 29, 2015.

- Advertisement -

For this, Muhammad Shafee is liable to be jailed a maximum of 15 years and fined not less than five times the amount of proceeds from the unlawful activity.

MUST READ

Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...

Ohio former House Speaker Larry Householder to stand for reelection amid bribery charges

Republican Rep. Larry Householder’s name will be on the ballot Election Day as the disgraced Ohio lawmaker intends to serve his district for another...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...

Mexico’s ex-army chief arrested in US on charges of drug trafficking, money laundering

Former Mexican Defense Secretary Gen. Salvador Cienfuegos, who led the country’s armed forces for six years under then-President Enrique Peña Nieto, has been arrested...

Texas billionaire Robert Brockman charged in $2 billion tax evasion case

Robert Brockman, the Houston billionaire and CEO of a software company, has been charged with taking $2 billion through a scheme to evade taxes,...
Advertisement
Advertisement

Latest News

This Week

Wells Fargo fires more than 100 workers over abuse of COVID-19 relief funds

Wells Fargo & Co has fired about 100 to 125 employees for unethically availing themselves of coronavirus relief funds, according to a source familiar...

Spain extradites former bank CEO sentenced in Iran for corruption

Spain has extradited a fugitive former Iranian executive implicated in a large financial corruption case, in what Iran’s judiciary says is the first such...

Former Mississippi city clerk pleads guilty to money laundering

A former administrator for a Mississippi city has pleaded guilty to money laundering and making false statements on a federal tax return, federal authorities...

Police raids Czech Football Association, arrest vice-president in corruption probe

Czech police have detained 20 people including deputy Czech Football Association head Roman Berbr over alleged corruption and match-fixing following a nationwide raid, news...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks