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It seems that BM has successfully gotten a "discount" on his bail.... but still a lot. Here's the news from NST online.
Quote:
Originally Posted by NST online
Dirty money accused faces 7 more charges 11 Oct 2006
SEREMBAN: A British national and his Malaysian wife, facing 97 counts of money laundering amounting to RM77 million, had their bail reduced by RM100,000 on appeal yesterday.
After hearing arguments from the prosecution and defence counsel, Sessions Court judge Allaudeen Ismail allowed the two — Bryan John Marsden and Phan Sew Ken — bail of RM400,000 instead of RM500,000 imposed when they were first charged on Aug 30.
Marsden, 58, had appealed for his bail to be reduced to RM100,000 and Phan, 50, asked the court to set hers at RM50,000.
They were each charged at the Sessions Court here with 41 counts of collecting funds, totalling RM26.7 million, from illegal online activities.
Later, Marsden was taken to the Kuala Lumpur Sessions Court to face seven more charges involving funds totalling RM7 million. All the offences were allegedly committed between Aug 12, 2003 and Jan 4, 2005.
These offences, under Section 4(1) of the Anti-Money Laundering Act 2001, are punishable by a fine of up to RM5 million, or a maximum of five years’ jail, or both, on each count.
On Sept 19, they were back at the Sessions Court here to face another six charges of accepting a total of RM11.78 million.
The couple allegedly committed the offences between Jan 4 and June 14 last year at the EON Bank in Taman Semarak, Nilai, near here.
Allaudeen fixed Nov 24 for re-mention of the case.
I saw the same article in my local paper with a picture attached.
BM has his hair cut. Looks like a recruit. At least he looked better
than in the previous picture. To bad the newspaper has no
online version.
Good question there esp. for those who may be wondering about the money side as opposed to affording amount demanded for bail...
It is just an applied tactical move in legal cases even for this low profile case but everything is on the table given the access and efforts expected to be put in...
Maybe now it is 400K and if he cannot cough up that amount, his lawyers will let another session pass to plea for another reduction perhaps...just so and to prove he has no money after all as a strong argument to put up that kind of money for bail....
Why they asked for "discount" when Brian claimed they have nothing or lost everything?
Let's review the facts.
1. We all put in the money.
2. Money was spent on buying assets, business, convention and wd to depositers.
3. Wd slowed down but deposits still came in.
4. BNM stepped in and froze everything.
5. Aid for BM.
6. Started Halotto, failed.
7. Started 10x5, found out your alias Bryan @ Barry
I conclude Mr. Marsden that you haven't LOST everything! You mostly spent EVERYTHING! I just hope we can get back some of our hard earned monies when the judge is through with you.
theBat$ - worrying about mounting debts and house deposit deadline due.
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Nov 24 for re-mention of BM's case
BM had his hair cut
Lost everything?
Linear Mode
