JOHOR BAHRU: A businessman, who claimed to be a relative of the Johor royal family, pleaded not guilty in the Sessions Court here today to money laundering involving RM2.45 million.
Mohd Yazzid Ahmad, 40, who called himself “Tunku Yazzid” to deceive a company, made the plea before Judge Ahmad Fuad Othman.
He was charged with obtaining RM2.45 million, believed to be proceeds from unlawful activities, from a 47-year-old man outside a bank in Permas Jaya here on April 16, 2019.
The charge, under Section 4 (1) (b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2002 (Act 613), provides imprisonment for up to 15 years and a fine of not less than five times the amount of the ill-gotten gains, or RM5 million, whichever is higher, upon conviction.
The court allowed him bail of RM100,000 in one surety and set Feb 1 for mention.
Ahmad Farid Ahmad Kamal prosecuted while Yazzid was represented by Shaik Saleem SM Daud. - FMT
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