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 chargeHeated debate over whether to reveal more Ihsan Perdana transactionsEx-CIMB officer confirms bank processed RM2.
The witness is reading her testimony from a statement, and is expected to continue when proceedings resume after lunch.- The defence team and prosecution get into a heated debate over whether Affin Bank processing officer Rosaiah Mohamed Rosli should produce documents in court related to other purported transactions involving millions of ringgit flowing in and out of Ihsan Perdana's bank account.
"There are people in SRC and Gandingan Mentari doing some seriously questionable business, in which money went from SRC and to several entities and then ended up with unknown recipients.Prosecutor V Sithambaram counters that the current charges before the court only involves RM42 million of SRC International's money, and that the court is not conducting an inquiry into how other funds unrelated to these charges are being spent or used.
Source: Law Daily Report (lawdailyreport.net)
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