00:00 Tasik Global MP Datuk Wan Saiful Wan Jan has been slapped with 18 money laundering charges
00:06 involving over RM5.5 million.
00:10 The former Bersatu Information Chief pleaded not guilty
00:13 when the charges were read before Judge Suzana Hussein at the Kuala Lumpur Sessions Court on Wednesday.
00:19 Wan Saiful, in his capacity as WSA Advisory Group's Riyambahat Director,
00:24 was accused of using his company's accounts to launder funds from alleged illegal activities.
00:31 Four of the charges involved channelling RM3.17 million through WSA Advisory
00:37 into his own accounts in August last year.
00:40 The former PTPTN Chairman was also accused of transferring
00:44 RM78,800 of alleged illegal proceeds through WSA to purchase a Ford Ranger.
00:52 The remaining 13 charges involved alleged transfers of illegal proceeds from the company's accounts
00:58 to other companies, organisations and individuals.
01:02 The charges were framed under Section 4, Subsection 1, Subsection B
01:07 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities 2001.
01:13 If convicted, Wan Saiful faces a jail term of up to 15 years
01:18 and a fine no less than five times the amount of gratification or RM5 million, whichever is higher.
01:25 Judge Suzana approved for the case to be heard together with Wan Saiful's previous graft charges,
01:30 linked to the Jana Wi Bawa Programme and fixed December 1 for the next mention.
01:35 [Silence]
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