In a statement, the SC said that the two defendants are Dexter Ang, former director of Pixelvest Sdn Bhd (Pixelvest), and Syaiful Riezal Ahmad, former CEO of Infinity Trustee Bhd (Infinity).

“They were charged with receiving proceeds of unlawful activity under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities 2001 (Amla).

“Ang and Syaiful faced eight and three charges respectively,” SC said.

SC said that the alleged offences took place between Dec 1, 2020, and Jan 9, 2023, in Kuala Lumpur and Selangor.

“They claimed trial to their respective charges. Sessions court judge Azrul Darus granted bail at RM8 million with two sureties to Ang and RM100,000 with one surety to Syaiful.

“They were also ordered to surrender their passports to the court and to report to the SC on a monthly basis until the completion of the trial,” the commission said.

Anyone convicted of money laundering could face up to 15 years in prison and a minimum fine of either five times the proceeds from their unlawful activities or RM5 million, whichever is greater.