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Syed Saddiq pleads not guilty to money laundering amounting to RM100,000

JOHOR BAHRU (Aug 5): Muar Member of Parliament Syed Saddiq Syed Abdul Rahman (pictured) pleaded not guilty at the Sessions Court here today to two counts of money laundering amounting to RM100,000, three years ago.

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

According to the charges, Syed Saddiq was alleged to have been involved in money laundering by transferring RM50,000 each into his Maybank Islamic Bhd account and Amanah Saham Bumiputera account, which were proceeds from illegal activities.

The offences were allegedly committed at a bank in Jalan Persisiran Perling, Taman Perling here on June 16 and June 19, 2018.

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 for 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.

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