LIOW Soon Hee, better known as Nicky Liow, has pleaded not guilty to 26 counts of money laundering totalling RM36 million at the Shah Alam Sessions Court this morning.

Liow, the founder of Winner Dynasty Group, made the plea when the charges were read to him in Mandarin before judge Helina Sulaiman.

He is being charged under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

The 34-year-old surrendered to police yesterday after being on the run for almost a year.

In a series of more than 70 raids last year, police arrested 68 members of his group in Op Pelican 3.0 between March 20 and March 28, 2021.

Officers confiscated 16 luxury vehicles, including a Rolls Royce, as well as more than RM7 million in foreign currency.

Liow is accused of laundering RM36 million in several banks in Bandar Puteri Puchong and Ampang between 2016 and 2021.

If found guilty, he will face a jail term not exceeding 15 years and shall be liable to a fine of not less than five times the sum or value of the proceeds of an unlawful activity, or RM5 million, whichever higher.

The judge has set bail at RM1 million with two sureties.

The judge also ordered Liow’s passport to be confiscated and directed him to report to the commercial crime department twice a month.

The case mention is fixed for May 26. – April 12, 2022.