A COMPANY director was today charged at the Kuala Lumpur Sessions Court with money-laundering, involving a sum of more than RM9 million.

Semenyih Jaya Sdn Bhd director Lau Kok Loon, 77, pleaded not guilty after the charge was read out before judge Hasbullah Adam.

Lau is accused of transferring RM9,155,644.23, believed to be proceeds from unlawful activities, from his fixed Hong Leong Bank account to his current account with the same bank in 34 transactions.

The alleged offence was committed at the bank’s main branch in Kuala Lumpur between December 4, 2013 and September 19, 2017.

Lau was allowed bail at RM30,000 with one surety and ordered to surrender his passport to the court.

July 20 has been fixed for mention.

Deputy public prosecutor Syafinas Shabudin prosecuted, while Lau was represented by lawyer S.S. Devanandan. – Bernama, July 8, 2020.