Latest news with #916.85
The Star
6 days ago
- The Star
Project lead pleads not guilty to 68 charges of money laundering
In the dock: Vikram being escorted to the Shah Alam Sessions Court for the money laundering trial. — KK SHAM/The Star SHAH ALAM: It took a whole hour for 68 charges of money laundering against a part-time project manager to be read out in court. The accused, R. Vikram Menon, 46, claimed trial for allegedly laundering RM688,916.85 by transferring and disposing the monies between Oct 17, 2023, and Oct 15, 2024. He pleaded not guilty to all charges. He had allegedly carried out the activities around Bandar Sri Damansara through 301 transactions for fund transfers to 67 bank accounts as well as 159 online and cash disposal transactions, ranging from RM1,000 to RM90,463.33. The charges were framed under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 against Vikram before Sessions Court judge Awang Kerisnada Awang Mahmud yesterday. The offence, which is punishable under Subsection 4(1) of the same Act, carries a jail term of up to 15 years and a fine of at least five times the amount involved or RM5mil, whichever is higher, if found guilty. Awang Kerisnada set bail at RM70,000 with one surety and ordered Vikram to surrender his passport to the court, refrain from making contact with any of the prosecution witnesses as well as report to the Sungai Buloh district police headquarters every month. Earlier, deputy public prosecutor Wan Nur Amanina Wan Din asked the court to set bail at RM80,000 but lawyer S. Kulasegaran sought for the amount to be reduced to RM30,000, stating that bail was to ensure court attendance and not act as punishment.
The Star
12-08-2025
- The Star
Project manager claims trial to 68 money laundering charges involving over RM688,000
SHAH ALAM: A part-time project manager has been charged with 68 counts of money laundering involving more than RM688,000. R. Vikram Menon, 46, pleaded not guilty after all the charges were read to him before Sessions judge Awang Kerisnada Awang Mahmud here on Tuesday (Aug 12). He is accused of transferring and disposing of illicit funds totalling RM688,916.85 between Oct 17, 2023, and Oct 15 last year in Damansara. The offences allegedly involved 301 transactions to 67 bank accounts for fund transfers, and 159 transactions for online and cash disposals ranging from RM1,000 to over RM90,000. Vikram Menon was charged under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which carries a maximum jail term of 15 years and a fine of at least five times the value of the illicit proceeds or RM5mil, whichever is higher, upon conviction. Deputy public prosecutor Wan Nur Amanina Wan Din sought bail of RM80,000 for all charges with one surety. The accused's lawyer, S. Kulasegaran, appealed for a lower amount of RM30,000, arguing that bail was intended to secure the accused's attendance in court and not to serve as punishment. The court set bail at RM70,000 with one surety, and ordered the accused to report to the Sungai Buloh police headquarters at the start of every month, surrender his passport, and refrain from contacting prosecution witnesses. The next case mention was fixed for Oct 13. – Bernama
The Sun
12-08-2025
- The Sun
Part-time project manager pleads not guilty to RM688k money laundering charges
SHAH ALAM: A part-time project manager pleaded not guilty to 68 counts of money laundering involving RM688,916.85. R. Vikram Menon, 46, denied all charges read before Sessions Court Judge Awang Kerisnada Awang Mahmud. The offences allegedly occurred between Oct 17, 2023, and Oct 15, 2024, in Damansara. Prosecutors claimed the accused transferred illicit funds through 301 transactions to 67 bank accounts. Another 159 transactions involved online and cash disposals ranging from RM1,000 to over RM90,000. Vikram Menon was charged under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. If convicted, he faces up to 15 years' jail and a fine of at least five times the illicit proceeds or RM5 million, whichever is higher. Deputy public prosecutor Wan Nur Amanina Wan Din proposed bail at RM80,000 with one surety. Defence lawyer S. Kulasegaran requested a lower bail of RM30,000, stating its purpose was to ensure court attendance, not punishment. The court set bail at RM70,000 with one surety and imposed additional conditions. Vikram Menon must report monthly to Sungai Buloh police headquarters and surrender his passport. He is also barred from contacting prosecution witnesses ahead of the next hearing on Oct 13. - Bernama
