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4faith
Since most of us are not citizens of Malaysia, nor are most of us international lawyers, we do not know the laws of Malaysia -
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Charged with Money Laundering - theStar 31-08-06
allegedly committed the offences by receiving money that were proceeds of unlawful activities between Aug 12, 2003, and Jan 4, 2005. They claimed trial to all 41 charges.
Mohd Zaki set bail at RM500,000 in two sureties each, ordered the surrender of their travel documents and fixed Sept 13 for mention.
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This is my first post here and thought now is as good a time as any.
Firstly my intention is to interject only an opinion and contibute some facts of the matter overlooked.
Weather appearing in one country or another's court a few rules apply universally.
1. All members of a court's appointment are also members of the Bar (in chancery - London City - one of 3 superstates The District of Columbia and Vatican City are the other two)
2. All Law is Contract
3. The object of any legal action is about currency - and the reason for the judges chambers existance (chambers of commerce)
4. Since all Law is contract there must be acceptance and dis-charge of the instrument(s) offered (a condition of a valid contract)
The first offer has been submitted by the court already in the form of security. see the #4 definition of "
surety:"
To grasp a better understanding of how the court system works see:
OWNERS OF THE PRISON SYSTEM IN AMERICA(the fudamental elements apply in any country)
Commercial Law is non-judicial. This is pre-judicial (not prejudice). This is timeless. This is the base, the foundation beneath which any government or any of their court systems can possibly exist or function.
It's the conflict between Commercial Affidavits of Truth that gives the court something to talk about, that forms the entire basis of its action, and its being there , in their venue. Hence, one of the reasons attorneys always create controversy.
Commercial Law designates the whole body of substantive jurisprudence, i.e. the Uniform Commercial Code or (U.C.C.), the Truth in Lending Act, applicable to the rights, intercourse, of persons engaged in commerce, trade or mercantile pursuits. Blacks 6th.
The act of finding oneself having to defend rather than the prosecution prove their case is called traversing and is a common tactic of the courts to gain further jurisdictional standing of their action
Enough about Law edicts ... I think you get the point It's corrupt nomatter which way you look at it IMHO.
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countryboy1
The gov't is also only looking at $7 million.....seems like there should be a lot more money with 100,000 investors like the article claims.....
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Regarding contryboy's question and a few others have similar confusion.
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Charged with Money Laundering - theStar 31-08-06
As regards the charges at the Seremban Sessions Court, the transactions, amounting to US$7,020,887.25 (RM26,679,371), were said to have been done through their company (New Mark Business Centres Sdn Bhd) account with EON Bank Group in Nilai, Negri Sembilan.
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Note the charges concern transactions amounting to US$7,020,887.25 Not the total holdings of the pips consortium of companies and interests.
If I remember correctly the time frame was about the same time pips found creditcard abuses after processing a number of "fraudulent orders" into the system, obviously earning interest on nothing and in a effort to sort it out cancelled all credit card transactions as a result.
How embarassing for the banks and the beginning of the end for pips.
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[snippet taken from "Questions and Analysis" a report on credit and charge cards]
How does a bank normally account for a credit card purchase transaction?
To make the credit card process easier to follow it is helpful to first consider how an ordinary cheque moves through the financial system when it is used to pay for goods and/or services. A cheque is a bill of exchange drawn on a bank. According to the Bills of Exchange Act a "bill of exchange" is:
an unconditional order in writing, addressed by one person [i.e., the cheque-writer] to another [e.g., Citibank ], signed by the person giving it, requiring the person to whom it is addressed to pay, on demand or at a fixed or determinable future time, a sum certain in money to or to the order of a specified person [e.g., the merchant/payee] or to bearer.
Likewise, and for future reference, the UCC defines a "valuable security" as, in material part: "any debenture, deed, bond, bill, note, warrant, order or other security for money or for the payment of money..."
[end snippet]
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take note that bonds warrants and if you read the above link on the prison system discharges as well as a order are all considered instruments of valuable security.
Personally speaking, any effort to offer information to any body or authority for the sake of a claim at this point is moot and serves no purpose other than to expose oneself to possible undue hardships untill much more is known.
On another note my heart goes out to anyone who is confronted by, and has to deal with the legal system. It usually requires all the energy you can muster.
It seems between the govenments and banks what BM contibuted as a requirement of the world Bank, BIS, IMF, etc. through the UN just wasn't enough since the investigation revealed no doubt of a unbelievable very private arrangement now made very public and as a result of disclosing the source of those funds forefits the right of any future according to ICC terms.
Avoiding the membership, hiding behind aliases and lying only compounded the problems.
A sad turn of events for sure.
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YogiBrood
I think the pictures themselves being repeatedly copypasted is a deliberate act to belittle the couple and I for one am sad by that and will soon have them deleted...but will leave one standing... the message and point was carried and seen...repeating it doesn't make the case for multiple sentences and comdemnation.... his trial alone will be a heavy toll on his personal esteem or whatever is left of it...I see that as punishment in itself and I can relate to the pain he is bearing for them both... so, please post what you wish to say or add but stop copy pasting the pics all over repeatedly... thank-you.
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Couldn't agree more . . .
At this point I for one will watch how this unfolds with "anticipation"
Sorry, couldn't resist the pun.....
In Spirit
plexx
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