Malaysia

Syed Saddiq claims trial to laundering RM100,000

Muar MP faces 15 years behind bars, massive fine; case transferred from Johor to KL court

Updated 4 years ago · Published on 05 Aug 2021 9:50AM

Syed Saddiq claims trial to laundering RM100,000
Muda co-founder Syed Saddiq Syed Abdul Rahman is accused of misappropriating Bersatu funds during his time as the party’s Youth chief. – The Vibes file pic, August 5, 2021

JOHOR BARU – Syed Saddiq Syed Abdul Rahman today pleaded not guilty at the sessions court here to two counts under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

The Muar MP is accused of misappropriating RM100,000.

If found guilty, he faces a jail term of up to 15 years and a fine of not less than five times the amount of the misappropriated funds, or RM5 million, whichever is higher.

The case has been transferred to the Kuala Lumpur sessions court.

Syed Saddiq, formerly of Bersatu, has alleged that his rival Wan Ahmad Fayhsal Wan Ahmad Kamal, who took over as the party’s Youth chief, persuaded him to support Prime Minister Tan Sri Muhyiddin Yassin.

The revelation follows Wan Fayhsal’s accusation that Syed Saddiq misappropriated Bersatu funds when he was still with the party.

“If I am so evil as to steal Armada funds, why meet me before I am charged (to convince me) to support the prime minister?” said Syed Saddiq.

“Truth will prevail. Enjoy your ‘surat sokongan’ (support letter) while it lasts.”

Syed Saddiq, who co-founded the youth-based Muda after leaving Bersatu, was responding to a tweet in which Wan Fayhsal said the former had “swept” away money belonging to the wing.

In the same tweet, Syed Saddiq is also accused of not keeping financial records and being unable to explain the spending.

Today’s charges are in addition to the MP’s July 22 charges in Kuala Lumpur for allegedly misappropriating RM1 million belonging to Bersatu.

He is accused of having done so via a CIMB Bank cheque at the bank’s branch at KL Sentral on March 6 last year without obtaining permission from the Bersatu supreme council.

Syed Saddiq was also charged with misusing a RM120,000 donation for the 14th general election campaign between April 8 and 21, 2018. The funds were collected via a Maybank Islamic account owned by Armada Bumi Bersatu Enterprise.

For both accusations, he was charged under Section 405 of the Penal Code, which carries a maximum 10 years’ imprisonment, caning and a fine upon conviction. – The Vibes, August 5, 2021

Related News

Malaysia / 2mth

Op Viking: Victor Chin was once arrested for money laundering

Malaysia / 3mth

Prosecution does not object to Ahmad Zahid's release application

Malaysia / 1y

MACC probing ‘Tan Sri’ for alleged money laundering

Malaysia / 1y

Ex-Sarawak welfare officer gets 468 years jail, RM180m fine, three strokes for embezzling RM16m

Malaysia / 2y

[UPDATED] Syed Saddiq steps down as Muda president

Malaysia / 2y

[UPDATED] Wan Saiful charged with 18 counts of money laundering amounting to RM5.59 mil

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Malaysia

Indira Gandhi fails to challenge unilateral child conversion enactment

Malaysia

IPT student hides in closet in female friend's room to avoid being caught

Malaysia

PAS accused of being opportunists, as analyst slams shifting alliances

By Alfian Z.M. Tahir

Malaysia

PAS confirms meeting with Hamzah-led RESET group, details to be announced in Kelantan tomorrow

Malaysia

MACC busts RM9 million ‘Daya Kerjaya 2.0’ claims fraud network, 73 remanded

Malaysia

Housewife loses nearly RM100,000 in online job scam after promise of easy income

Malaysia

PN leadership dispute deepens as chairman stresses coalition built on consensus

Malaysia

PKR lawmaker steps down from central leadership, cites growing disconnect with party direction

By Alfian Z.M. Tahir