However, M. Pathmarajah, 65, who appeared calm throughout the proceedings, pleaded not guilty after all the charges were read out before judges Datin Sabariah Othman and Kamarudin Kamsun.
He is accused of committing the offences at the branches of Malayan Banking Berhad and Public Bank Berhad in Jalan Maarof, Bangsar Baru here between Aug 8,2017 and Feb 12,2018. The fourth to sixth counts were allegedly committed at Malayan Banking Berhad, Jalan Maarof, Bangsar Baru here between Feb 12,2018 and April 16,2018.
All the charges were framed under Subsection 4 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds from Illegal Activities Act 2001 , which carries a maximum jail term of 15 years, and a fine of not less than five times the amount or value of proceeds from the illegal activity, or RM5 million, whichever is higher, upon conviction.