Wednesday, 20 June 2012

SHAMSU SLAPPED WITH MONEY LAUNDERING




CHARGE.....Shamsubahrin was earlier charged with five counts of cheating.

By : DEBRA CHONG (TMI)

KUALA LUMPUR : Businessman Datuk Shamsubahrin Ismail seems to be running out of fingers and toes to keep track of the prosecution cases against him that are related to the scandal-hit National Feedlot Centre (NFC).

The 45-year-old was today charged with 17 counts of money laundering totalling more than RM4.1 million.

He was previously charged with five counts of cheating National Feedlot Corporation (NFCorp) chairman Datuk Seri Mohamad Salleh Ismail of RM1.76 million in fraudulent consultancy fees.

The CEO of Shamsubahrin Ismail Resources Sdn Bhd could be fined up to RM5 million or jailed a maximum of five years, or both if convicted under section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

Session Court judge S.M. Komathy Suppiah set bail at RM30,000 with one surety and fixed June 29 for mention, The Star reported today.

The English-language daily also reported Komathy ordering Shamsubahrin to be tried together with his five earlier NFCorp cheating charges.

NFCorp hit the national headlines after it made it into the Auditor-General’s Report last year for missing production targets.

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