KOTA KINABALU: Former Mara Incorporated Sdn Bhd (Mara Inc) chairman Mohammad Lan Allani pleaded not guilty today before judge Abu Bakar Manat in the Special Sessions Court for Corruption here on two counts of money laundering involving RM10 million.
Lan, 66, is alleged to have engaged in money laundering by transferring RM3 million from his CIMB Bank private banking portfolio account to his CIMB Bank fixed deposit account at CIMB Bank in Jalan Sagunting, Central Building, here on Dec 10, 2012.
On the second charge, he is accused of transferring RM7 million into his account at the same place and day.
He was charged under Section 4 (1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (Act 613), and is punishable under Section 4 (1) of the same act, which carries a fine of up to RM5 million or imprisonment for up to five years or both if convicted.
Abu Bakar fixed bail at RM100,000 and June 30 for remention of the case.
On Jan 10, Lan was granted a discharge not amounting to an acquittal by the Kuala Lumpur sessions court on similar charges.
Judge Suzana Hussin made the decision when the prosecution told the court that Lan would be charged again in the Kota Kinabalu sessions court. - FMT
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