According to the charge sheet, 35-year-old R. Ganesan, who was previously working as a financial advisory officer, allegedly received a total of RM3.41 million in cash from 12 individuals.

The money is said to be tied to illegal activities.

All the offences were allegedly committed at the Taman Inderawasih Perai Malayan Banking Bhd (Maybank) branch in Butterworth, between Aug 22, 2017 and Oct 7, 2019, according to a Berita Harian report.

The accused was charged under Section 4(1)(b) of the anti-money laundering, anti-terrorism financing and proceeds of unlawful activities act 2001.

The charge carries a maximum jail term of 15 years, and a fine of up to five times the value of the proceeds of illegal activities, or RM5 mil, whichever is higher, if convicted.

The prosecution was conducted by deputy public prosecutor Muhamad Syeqal Che Murat, while the accused was represented by lawyer Pyara Singh.

The court allowed the accused bail of RM140,000 with one surety, with the case re-mention set for Jan 17.