A FORMER chief executive officer of an automotive institute pleaded not guilty in the Shah Alam Sessions Court today to nine charges of money laundering amounting to RM4 million.
Madani was charged under section 4 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 . The charges, framed under section 4b of Amla, carry a jail term of not more than 15 years and a fine no less than five times the amount of illegal proceeds, or RM5 million, whichever is higher.
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