FX Capital Director Charged

Woman faces trial over RM5m
The nst 2009/07/17

KUALA LUMPUR: A businesswoman claimed trial to three counts of money-laundering involving some RM5 million at the Sessions Court yesterday.

Raja Noor Asma Raja Harun, 47, the director of a trading company, FX Capitals Consultants Sdn Bhd, was charged with having in her possession the proceeds from unlawful activities at three different banks.

Raja Noor Asma allegedly had in her possession RM2 million in a client's account under the company at the RHB Investment Bank Bhd in Jalan Tun Razak and RM3.3 million at Kenanga Deutsche Futures Sdn Bhd in Jalan Sultan Ismail.

On the third charge, she was accused of possessing RM15,901.93 in a savings account at the CIMB Bank Bhd in Pandan Jaya.

The offences were allegedly committed on May 9, last year. This was the second time Raja Noor Asma was hauled to court.

Last December, she was charged by the Securities Commission with four counts of cheating and operating an investment scheme involving RM100 million without a valid licence between Feb 5, 2007, and May 9, 2008.

She also faced an alternative charge of cheating clients by operating a scheme dealing in futures contracts without a valid licence.

Raja Noor Asma was released on RM300,000 bail.The court also fixed five days for trial beginning Jan 25, next year.

In yesterday's case, DPP G. Jaya Prem proposed bail at RM1 million in one surety.

Raja Noor Asma's counsel Datuk Muhammad Shafee Abdullah, in pleading for lower amount, said the three charges she faced yesterday was related to her earlier charges.

He applied that the previous bail sum be utilised for this case as well. Judge Rozana Ali Yusoff allowed Shafee's application. She set Sept 10 for mention.

Raja Noor Asma is also expected to face 47 charges under the same Act in the Shah Alam Sessions Court soon.

Note: My friend and his group had invested in the company's CPO trading, futures and options... started in Q407 but the co busted by BNM and SC by Q208... and charges with more than 50 offences...