Md Nawi Ab Aziz, 70, a former school clerk, pleaded not guilty to all the charges before Judge Mohd Rosly Mohamed Nawi.

Of the eight charges, three were for concealing a total of RM409,960, believed to be from ill-gotten gains, in his CIMB bank account between Jan 1, 2017 and Dec 31, 2019.

Three other charges were for obtaining RM239,260, believed to be from unlawful activities, deposited into the account over the same period.

Nawi was also charged with two counts of possessing 104,000 units of Permodalan Nasional Bhd shares, allegedly bought with the proceeds from unlawful activities over the same period.

All the charges were framed under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which provides for an imprisonment for up to 15 years and a fine of not less than five times the amount of the proceeds, or RM5 million, whichever is higher, if found guilty.

He was allowed bail of RM70,000 with one surety. The court set April 22 for mention.

Deputy public prosecutor Rohaiza Zainal prosecuted, while Nawi was represented by lawyer Nor Erini Mustapha.