How do the five money laundering counts total RM8.75 million?

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Sabah Minister Faces RM8.75 Million Money Laundering Charges

Sabah Infrastructure Development Minister Datuk Peter Anthony pleaded not guilty to five counts of money laundering amounting to RM8.75 million. The charges involve alleged transactions between July 2014 and January 2016, with two counts pertaining to the transfer of RM3.75 million and three counts concerning the receipt of RM5 million in proceeds from unlawful activities.
Transfer of RM3.75 Million

The first two charges against Datuk Peter Anthony allege that he was directly involved in transactions constituting proceeds of unlawful activity. Specifically, he is accused of instructing an individual to transfer a total of RM3.75 million from the bank account of Budiman Juta Sdn Bhd to the bank account of Wondrous Enterprise Sdn Bhd. These alleged offences occurred between July 25 and August 4, 2014, at a Malayan Banking Berhad branch.
Receipt of RM5 Million

The remaining three charges relate to Datuk Peter Anthony allegedly receiving a total of RM5 million in proceeds of unlawful activity. These funds were transferred from Budiman Juta Sdn Bhd into the bank account of Asli Jati Engineering Sdn Bhd, a company owned by him. This alleged activity took place between September 5, 2014, and January 18, 2016, also at a Malayan Banking Berhad location.
Legal Framework and Penalties

The charges were framed under the Anti-Money Laundering and Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. Two counts fall under Section 4(1)(a), while the other three are under Section 4(1)(b). Conviction for the first two counts carries a potential fine not exceeding RM5 million, imprisonment not exceeding five years, or both. For the latter three charges, penalties include imprisonment not exceeding 15 years and a fine of RM5 million or not less than five times the value of the proceeds, whichever is higher.
Bail and Case Management

Following his plea of not guilty, the court granted Datuk Peter Anthony bail amounting to RM500,000, secured by two local sureties. He was also ordered to surrender his passport to the court and to report to the Sabah Malaysian Anti-Corruption Commission (MACC) office every two months. The court has set August 4 for the remention of the case.

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How do the five money laundering counts total RM8.75 million?

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