Malaysia: 162 money laundering charges against single defendant
Malaysian police have charged 28 year old Mohd Riezuan Jalil with more than 160 offences of money laundering using financial instruments and buying a BMW.
The defendant, known as Riezua, is charged in Malacca with his brother in law 35 year old Basri Samsudin who is charged with 60 offences.
The allegations are that money from unspecified criminal conduct was used to repay loans taken out to purchase property, cars, and the "Restricted Mudharabah Structured Investment Scheme" operated by CIMB Islamic Bank. It is also alleged that the pair used the money to buy CIMB Bank's (the sister to the Islamic Bank) floating rate certificates of deposit, units in HwangDBS's Global Infrastructure Fund and MayBank Income Trust Fund. Some offences were allegedly committed at HSBC.
Both defendants plead not guilty.
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