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SEREMBAN: In the country’s first online money laundering case investigated by Bank Negara, a couple was charged at a Sessions Court here with 41 counts of money laundering, involving more than RM26mil.
One of them, a British national, was slapped with an additional seven charges involving RM7.5mil at a Kuala Lumpur Sessions Court.
Bryan John Marsden, 58, and his Malaysian wife Phan Sew Ken, 50, 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.
NUMEROUS CHARGES: Marsden and Phan being led to the Sessions Court in Seremban yesterday. The couple were charged with 41 counts of money laundering.
Marsden, who is a director of two companies, also pleaded not guilty at a Kuala Lumpur Sessions Court to seven charges of receiving proceeds of unlawful activities believed to be from illegal deposit-taking in Labuan amounting to RM7.5mil.
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.
The two were arrested yesterday and charged separately under Section 4 (1) of the Anti-Money Laundering Act 2001, read together with Section 87 (1) of the same act, before Sessions Court judge Mohd Zaki Abd Wahab yesterday.
If convicted, they can be fined up to RM5mil or face a maximum five-year jail term or both.
DPP Dzulkifli Ahmad proposed bail at RM1mil in two sureties for each, saying that money laundering was a very serious offence.
However, the couple, who were unrepresented, appealed for a lower bail, saying their company and personal assets had been frozen for the past 12 months and that they did not have any money.
Mohd Zaki set bail at RM500,000 in two sureties each, ordered the surrender of their travel documents and fixed Sept 13 for mention.
At the Kuala Lumpur Sessions Court, Marsden, of Bandar Sunway, was accused of receiving money ranging between RM500,000 and RM2.5mil, which were proceeds of unlawful activities through two accounts of PIC Capital Sdn Bhd and PIC Capital Ventures (M) Sdn Bhd.
PIC Capital is a leasing company while PIC Capital Ventures is a dormant company.
Marsden, who has been in Malaysia since 1997 and was the owner of the leasing company, was said to have committed the offences at Malayan Banking Bhd in Desa Pandan between Dec 23, 2003, and July 6, last year.
DPP Dzulkifli proposed bail of RM500,000 in two Malaysian sureties.
Marsden told Sessions Court judge Akhtar Tahir: “I have lost everything. There is nothing to say at this stage.”
Akhtar fixed bail at RM500,000 in one Malaysian surety and set Oct 30 for mention pending an application for the case to be transferred to the Seremban court.
After proceedings ended at 4pm yesterday, Marsden was taken to the court lock-up where he hugged his sobbing wife for some time.
A Bank Negara official told reporters later that it was the first investigation of a case where illegal deposit-taking was allegedly done via the Internet.
Couple charged with money laundering
SEREMBAN: A couple was charged with 41 counts on money laundering involving more than RM26mil at the Session Court here in the first such case investigated by Bank Negara.
Bryan John Marsden - a 58-year-old British national - and his Malaysian wife Phan Sew Ken, 50, allegedly committed the offences by receiving money that were proceeds of unlawful activities in between Aug 12, 2003 and Jan 4, 2005.
The transactions, amounting to USD 7,020,887.25 (RM26, 679,371), were done through their company - New Mark Business Centres Sdn Bhd - account with EON Bank Group in Nilai, Negri Sembilan.
The couple were charged under Section 4 (1) of the Anti-Money Laundering Act 2001, which read together with Section 87 (1) of the same act, separately before Session Court judge Mohd Zaki Abd Wahab yesterday.
If convicted, they can be fined not more than RM5mil or a jail term of not more than five years or both.
They claimed trial to all charges.
Mohd Zaki set bail at RM500, 000 in two sureties for both of them separately. He also ordered them to surrender all their travel documents.
I am wondering if now, as the investigation is over, Bryan is still restricted to communicate with members. He promissed a lengthy update when the investigation is finished.
I am wondering if now, as the investigation is over, Bryan is still restricted to communicate with members. He promissed a lengthy update when the investigation is finished.
Interesting,
I doubt we will ever hear from him again, not only since he has no money for bail, but I doubt he will be given a computer in jail.
I wasn't paying attention but I suddenly heard the name Bryan mentioned on TV and I did a double take! The news snippet was so quick I couldn't be sure but what I saw was a tall caucasian with long white hair and a much shorter local woman with straight, long black hair. Both of them were handcuffed and being led away by the police.
One wife for each of his names??? And when I read his message "Sharon and I are living in one room, sleeping on a mattress on the floor...etc..." I said "Yah, and my mother's a virgin". Now I know he was just in hiding. If anyone still thinks this man is on the up-and-up, they deserve to lose it all.
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Couple charged with money laundering
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