FX Capital Director Charged Again

Company director charged with laundering RM11m
The NstOnline 2009/08/21

SHAH ALAM, Fri: A company director was charged in the Sessions Court here today with 47 counts of money laundering involving over RM11 million. Raja Noor Asma Raja Harun, 47, from Taman Desa Setapak, Kuala Lumpur, pleaded not guilty when the charges were read out to her by a court interpreter before judge Hasbi Hasan.

Raja Noor Asmah is accused of laundering between RM5,000 and RM3 million in 47 transactions involving money from various companies including Sistem Televisyen Malaysia (TV3). She is alleged to have committed the offences at several banks in Rawang and Gombak near here between Dec 17, 2008 and July 8 last year. She has been charged under Section 4(1)(a) of the Anti-Money Laundering and Prevention of Terrorism Act 2001, which provides for a maximum fine of RM5 million or jail not more than five years or both, if convicted. Hasbi set bail at RM500,000 in one surety and also ordered the accused to surrender her passport to the court.

The court, however, allowed defence counsel Datuk Muhammad Shafee Abdullah's application to allowed the accused to post bail by Tuesday. Hasbi then ordered the case to be re-mentioned before Kuala Lumpur Sessions Court judge S. M. Komathy Suppiah on Tuesday, following an application by Deputy Public Prosecutor G. Jaya Prem and Securities Commission prosecution officer Jeremy Phang, who appeared for the prosecution. The prosecution wanted the case to be transferred to the Kuala Lumpur Sessions Court so that it could be tried together with two other cases involving the accused.

On Dec 17 last year, Raja Noor Asma was charged in the Kuala Lumpur Sessions Court with four counts of cheating and carrying out capital market services involving investments totalling RM100 million without a licence, and was released on bail of RM300,000 in two sureties. On July 16, she was again charged in the same court with three counts of money laundering involving RM5,302,142.93, but was allowed to use the bail she had posted for the Dec 17 2008 case to remain free pending the trial.

-- BERNAMA

Note: Previous related story for FX Capital / FX Capital Consulting