How many money laundering charges does the former CEO face?

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The former CEO faces nine charges of money laundering.

A former chief executive officer of an automotive institute has been charged with nine counts of money laundering involving RM4 million. The alleged offences took place between July 10, 2021, and February 21, 2022, at locations including Hong Leong Bank Shah Alam branch and Trillion Cove Holdings Bhd in Subang Jaya.
Six Counts of Indirect Transactions

Six of the charges relate to Mohamad Madani Sahari, 56, indirectly engaging in transactions involving proceeds of unlawful activities. These transactions, amounting to RM750,000, were conducted through the bank account of his lawyers, Norizan & Associates, via instructions to the accounts of several individuals and companies.
Three Counts of Direct Payments and Investments

The remaining three charges involve Mohamad Madani allegedly making payments for legal fees totalling RM250,000. Additionally, he is accused of purchasing Islamic Redeemable Preference Shares Class F valued at RM3 million.
Legal Framework and Penalties

These charges are brought under Section 4(1)(a) and Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). Conviction under these sections carries a potential penalty of imprisonment for up to 15 years, a fine of at least five times the value of the illegal proceeds, or RM5 million, whichever is higher.

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How many money laundering charges does the former CEO face?

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