Company director claims trial in RM5.1mil fraud, money laundering case

The Star

A 60-year-old company director claimed trial at the Sessions Court in Kuala Lumpur to eight counts of cheating and money laundering amounting to RM5.1mil linked to the purchase of gloves.   Read more at https://tinyurl.com/3z8r57c7  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00A 60-year-old company director has claimed trial at the Kuala Lumpur Sessions Court to

00:07eight charges of cheating and money laundering involving 5.1 million ringgit in connection

00:13with the purchase of gloves.

00:15R Gopinathan Pillai pleaded not guilty when the charges were read out to him on Monday.

00:21For the first charge, he is accused of deceiving an individual into believing that 150,000

00:27boxes of Coats Nitrile Examination Gloves under the Hartalega brand were ready for sale

00:31and delivery by Aspen Broadway Sandirian Berhad, his company, when no such stock existed.

00:38This alleged deception led the victim to transfer 5.1 million ringgit through a law firm into

00:44another law firm's account, appointed by Aspen Broadway.

00:48The offence allegedly took place at a condominium on Jalan Tun Ismail, Kuala Lumpur, on November

00:549, 2020.

00:56If convicted under Section 420 of the Penal Code, he faces up to 10 years in prison, a

01:02fine or both.

01:04Additionally, Gopinathan faces six charges of laundering 5,005,000 ringgit, believed

01:11to be proceeds from illegal activities, by transferring the funds from Aspen Broadway's

01:16bank account into various other corporate and personal accounts.

01:20He also faces a seventh charge of receiving 5.1 million ringgit, allegedly from illegal

01:26activities, into his company's bank account from a law firm.

01:30These offences were allegedly committed at multiple banks in Sentul between November

01:3410, 2020 and February 6, 2021.

01:39If found guilty under Section 4.1.b of the Anti-Money Laundering, Anti-Terrorism Financing

01:44and Proceeds of Unlawful Activities Act, 2001, he faces up to 15 years in jail and a fine

01:51of five times the amount involved.

01:54Sessions Judge Hamida Mohamed Daryl set bail at 280,000 ringgit with two sureties and ordered

02:00Gopinathan to surrender his passport.

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