Man Faces 90 More Money Laundering Charges

22 Jul

Lee Ee Teong faces the possibility of more money laundering charges in Kuala Lumpur next week.

Lee Ee Teong faces the possibility of more money laundering charges in Kuala Lumpur next week.

GEORGE TOWN: An accountant already facing 71 charges of money-laundering claimed trial in the Sessions Court here yesterday to another 90 counts of doing so to the tune of more than RM19 million.

Lee Ee Teong, 46, of Jalan Nirvana, was charged with transferring RM19,124,744 into various accounts between March 1, 2002, and Dec 24, 2005, at several banks here.

He was charged under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which carries a maximum RM5 million fine, a five years’ maximum jail or both upon conviction.

Deputy public prosecutor Hazril Harun told the court that Lee faced the possibility of more of such charges in Kuala Lumpur next week.

Hazril offered bail of RM10,000 bail on each of the 90 charges.

Datuk V. Sithambaram, who represented Lee, told Sessions Court judge Hadhariah Syed Ismail that his client would be charged in Kuala Lumpur soon with a related offence.

He said he would be making a joint application for bail when his client is charged.

Hadhariah then asked Lee how much bail he would be able to pay, to which Lee replied: “RM50,000.”

She then set bail at RM100,000 on all 90 charges in one surety.

She fixed Aug 4 for mention of the case pending a decision on who will be handling the case and where the joint trial will be held.

Lee was charged in Johor Baru on July 10 with money laundering involving RM13.67 million.

He was charged under the same act with transferring RM13,677,820 obtained from money-laundering activities into Kong Lily’s account at Citibank here between March 2003 and April 2005.

 

New Straits Times

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