Syed Saddiq Syed Abdul Rahman money laundering trial AMLA
Syed Saddiq Syed Abdul Rahman

JOHOR BAHRU – The Member of Parliament (MP) of Muar, Syed Saddiq Syed Abdul Rahman pleaded not guilty at the Sessions Court to two counts of money laundering amounting to RM100,000 three years ago.

The 29-year-old former Minister of Youth and Sports entered the plea before Judge Datuk Ahmad Kamal Arifin Ismail.

According to the charges, Syed Saddiq Was allegedly involved in money laundering where two transactions of RM50,000 were transferred from his Maybank Islamic Berhad account into his Amanah Saham Bumiputera account, which were proceeds from illegal activities.

The offences were allegedly committed at a bank in Jalan Persisiran Perling, Taman Perling on June 16 and June 19, 2019.

The charges framed under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism and Proceeds of Unlawful Activities Act 2001 (Act 613), punishable under Section 4(1) of the same act provides imprisonment not exceeding 15 years and a fine of not less than five times the sum or value of the proceeds of an unlawful activity, if convicted. -MalaysiaGazette

Read More:

Syed Saddiq pleads not guilty

MUDA stands firm with Syed Saddiq, rejects PN