TAWAU: A 50-year-old assistant general manager of a gold mining company was charged at the Tawau Magistrate’s Court on Wednesday with four counts of money laundering involving RM230,000 worth of company-owned gold residue sold to a jewellery shop in Raub, Pahang.
No plea was recorded from the accused, Brando Pang Tze Chiang, after all four charges were read before Magistrate Don Stiwin Malanjum.
He is accused of receiving the illicit proceeds into his Hong Leong Bank and Public Bank accounts between April 2021 and February 2023, under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
The court fixed Oct 30 for mention before the Tawau Sessions Court, granting bail at RM10,000 for each charge with two local sureties and ordered Pang to surrender his passport.
Deputy Public Prosecutor Megat Mahathir Megat Tharih Afendi had sought RM30,000 bail per charge, while Pang’s counsel, Vivian Thien, urged for leniency citing his family’s financial strain and his full cooperation during the investigation.
