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  1. #1
    Join Date
    Feb 2006
    Posts
    219

    Pips Owners arrested

    Hello




    Couple charged with money laundering

    SEREMBAN: A couple was charged with 41 counts on money laundering involving more than RM26mil at the Session Court here in the first such case investigated by Bank Negara.

    Bryan John Marsden - a 58-year-old British national - and his Malaysian wife Phan Sew Ken, 50, allegedly committed the offences by receiving money that were proceeds of unlawful activities in between Aug 12, 2003 and Jan 4, 2005.

    The transactions, amounting to USD 7,020,887.25 (RM26, 679,371), were done through their company - New Mark Business Centres Sdn Bhd - account with EON Bank Group in Nilai, Negri Sembilan.

    The couple were charged under Section 4 (1) of the Anti-Money Laundering Act 2001, which read together with Section 87 (1) of the same act, separately before Session Court judge Mohd Zaki Abd Wahab yesterday.

    If convicted, they can be fined not more than RM5mil or a jail term of not more than five years or both.

    They claimed trial to all charges.

    Mohd Zaki set bail at RM500, 000 in two sureties for both of them separately. He also ordered them to surrender all their travel documents.

    He fixed Sept 13 for mention.

  2. #2
    Join Date
    Jun 2005
    Posts
    132

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