BUTTERWORTH: A cooperative chairman pleaded not guilty in the Sessions Court here today to 106 money laundering charges involving more than RM11 million.

Datuk Mansor Musa, 58, who is chairman of Koperasi Tunas Muda Sungai Ara Bhd, made the plea to all the charges before Judge Norhayati Mohamad Yunus.

He was charged with engaging in money laundering activities, by receiving cash, assets and shares through different companies allegedly between September 2011 and August last year.

Of all the charges, 42 of them, allegedly committed between September 2011 and 2014. were framed under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA 2001) which provides a maximum fine of RM5 million or imprisonment not exceeding five years, or both, if found guilty.

The remaining 64 charges were framed under Section 4 (1)(b) of the Anti -Money Laundering, Anti -Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFAPUAA 2001), which provides a maximum jail term of 15 years and a fine of up to five times the proceeds from the illegal activity, or RM5 million, whichever is higher, upon conviction.

Mansor, represented by lawyers Kek Boon Wei and Helen Ng, was allowed bail of RM500,000 with one surety and the court set Sept 28 for mention.

Deputy public prosecutors Datuk Faridz Gohim Abdullah, Muhammad Asraf Mohamed Tahir and Muhamad Azlan Basri prosecuted.

-- BERNAMA