Wahab S Mohd Mydin, 53; Nasri Abdul Rahman, 36; Nur Hafeezah Abdul Wahab, 26; and Resool Bivi Yusof Gini, 50, claimed trial to all the charges before judges Khalid Ab Karim and Mazdi Abdul Hamid.

Nasri, a managing director of an investment company, was charged with 118 charges, while Wahab, the company’s chief executive officer, faced 30 charges. Wahab was jointly charged with his wife Resool Bivi, and his daughter, Nur Hafeezah, on two other charges.

All were charged under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, punishable under Section 4(1) of the same Act.

All the offences were allegedly committed in various banks in Peninsular Malaysia between May 2018 and December 2020.

The offence carries a jail term of not more than 15 years and a fine of at least five times the sum obtained from laundering the money, or RM5 million, whichever is higher, upon conviction.

Bail for Nasri was set at RM500,000 with one surety; Wahab RM110,000 (one surety); Nur Hafeezah RM25,000 (one surety) and Resool Bivi RM10,000 (one surety).

Both judges fixed Nov 15 for mention.

Deputy public prosecutor Harris Ong Mohd Jeffery Ong prosecuted, while Wahab, Resool Bivi and Nur Hafeezah were represented by Mashitah Jamaluddin, and Nasri by S Raveentharan.