Saturday, October 31, 2020

Malaysia: PAS former deputy charged with money laundering in RM90 million case


Former Parti Islam SeMalaysia (PAS) deputy president Nasharudin Mat Isa claimed trial to three counts of money laundering and 30 counts of criminal breach of trust (CBT) amounting to about RM4 million (S$1.3 million) at the Sessions Court here on Tuesday (Oct 22).

Nasharudin pleaded not guilty to all 33 charges read to him in front of Sessions Court judge Rozilah Salleh.

For the three counts of money laundering, Nasharudin, 57, was charged under Section 4(1)(a) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA), which carries a prison term of a maximum of 15 years or a fine of five times the amount of money gained from the illegal activity or RM5 million, whichever is higher, upon conviction.

He had allegedly committed the offence at the Country Heights CIMB Bank branch between November and December 2018.

- Advertisement -

For the 30 counts of CBT, he was charged under Section 409 of the Penal Code, which carries a prison term of no less than two years and no more than 20 years and with whipping and liable to a fine upon conviction.

He had allegedly committed the offence at the Country Heights CIMB Bank branch and Menara Felda Maybank branch between 2015 and 2018.

Judge Rozilah set bail at RM80,000 with one surety for the three counts of money laundering and RM250,000 with one surety for the 30 CBT charges.

Nasharudin also has to surrender his passport to the court until the case is over.

- Advertisement -

The prosecution was led by Malaysian Anti-Corruption Commission Deputy Public Prosecutors Allan Suman Pillai and Mohd Zaki Mohd Salleh, while Nasharudin’s legal team was led by lawyer Md Yunos Shariff.

Nasharudin was deputy president of the Islamist party for five years from 2005, but left PAS after a fallout following his attempts to initiative closer ties with then political archrival Umno after the 2008 general election.

He was later made chief of the Global Movement of Moderates Foundation established in 2012 by then-premier Najib Razak.


Actress Lori Loughlin begins 2-month prison sentence for role in college admissions scam

Actress Lori Loughlin reported to a federal prison in Northern California on Friday to start a two-month sentence for her role in a massive...

FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Brother of ex-Pakistan PM Nawaz Sharif jailed for money laundering

Pakistan Muslim League-Nawaz (PML-N) chief and Opposition Leader in the National Assembly Shehbaz Sharif was sent to jail on Tuesday in a money laundering...

Mid-Small financial institutions to benefit from Oracle’s Anti-money laundering protection

Oracle today announced new cloud services to help mid-sized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings...

Former Columbus mayor Eisenga charged with bank fraud

A former Columbus mayor and businessman who was once at the center of a controversial bill aimed at reducing child support payments for wealthy...

Operators of fake theology school accused of stealing $12 million in student aid

Six people from three states are charged with defrauding $12 million from federal student aid programs by allegedly enrolling students into a theology school...

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