Section 4 of Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001Maximum 15 years jail, and fine up to RM5m or 5 times the amount, whichever is higher, for each charge'Unusual' transactions may indicate knowledge of incoming funds - Witness R Uma Devi confirms she did not find anything untoward concerning transactions involving AmBank accounts related to former premier Najib Abdul Razak which would have necessitated raising the alarm.
Harvinderjit made reference to a bank statement for September 2014, which saw a cheque for RM5 million presented for payment, causing the 898 account to go into overdraft."With earlier entries and remittances, can we tell exactly which party put in this amount and what the relationship manager discloses to the bank on what the amount is for?" Harvinderjit asks Uma Devi, who replies in the affirmative.
Former prime minister Najib Abdul Razak is being tried on three counts of criminal breach of trust under Section 409 of the Penal Code; three counts of money laundering under Section 4 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 2001; and one count of abuse of power under Section 23 of the MACC Act 2009.
Prior to this, Harvinderjit had walked Uma Devi through several transactions including the procedures required in reporting large transactions to Bank Negara Malaysia .Uma Devi also testified that approximately RM304 million was deposited into the account in 2011 by the Saudi Finance Ministry. Speaking to the witness, the lawyer then pointed out that there seemed to be inconsistencies between this letter and another letter that appeared to point to multiple transactions.
Source: Law Daily Report (lawdailyreport.net)
Because All are scared to be like their chairman ? if they report the case ?
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