A former company director, Lim Long Yew, was sentenced to a total of 1,942 years’ jail and fined RM1.596mil by the Sessions Court Wednesday, for 481 counts of money laundering and illegal deposit-taking, involving millions four years ago.
Another accused in the case, Leong Guan Yeu, 47, also a former director of the company, was sentenced to a total of 139 years’ jail and fined RM180,000 for nine counts of illegal deposit-taking and 130 counts of money laundering…
In 2010, Lim, 43, was charged with transferring illegal proceeds from his personal account to the company’s bank accounts and accepting ill-gotten money into the company’s accounts at various locations between June 19, 2008 and Oct 19, 2009.
Lim also claimed trial to nine counts of illegal deposit-taking in a summons case on behalf of the company, Asia Ceramic Marketing Sdn Bhd, in his capacity as a director.
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