Former TH Heavy Engineering CEO charged with money laundering

Former TH Heavy Engineering CEO charged with money laundering

Former TH Heavy Engineering Bhd chief executive officer Datuk Nor Badli Munawir Mohamad Alias Lafti was charged in Malaysia’s Sessions Court with three counts of money laundering involving RM1.57m ($350,000).

Nor Badli Munawir was charged with money laundering by accepting cash of from Bicara Sepakat director Murhasmee Mukhtar, Syarikat Coral Intoil director Mohd Razip Mohammad, and Syarikat RL Offshore director Hanaffi Daud.

Nor Badli, who pleaded not guilty, could face a maximum fine of RM5m ($1.12m) or imprisonment not exceeding five years or both, if convicted.

The prosecutor from the Malaysian Anti-Corruption Commission (MACC) offered RM200,000 ($44,800) bail for Nor Badli. The judge has arranged the next hearing of the case for March 15.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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