Money-changer company, senior officers charged with submitting false information

KUALA LUMPUR: A money-changer company and two of its senior officers pleaded not guilty, in three separate sessions courts here today, to submitting false information to Bank Negara in March.
The company, Lucky Money Changer Sdn Bhd, CEO Sharulnizam Saari, 46, and executive director Nazeer Ahamed Shahul Hamid, 44, pleaded not guilty before judge Datuk Zainal Abidin Kamarudin, judge Zamri Bakar and judge Datuk Ahmad Kamal Arifin Ismail.
The company was charged with submitting false information to the Bank Negara Malaysia at Mid Valley Megamall, Lingkaran Syed Putra, here on March 9.
Sharulnizam and Nazeer Ahamed were charged with submitting false information at the same place and date.
The charge, under Section 35(b) of the Money Services Business Act 2011, read together Section 80 of the same act and punishable under Section 35(b) of the same act, carries a maximum jail term of 10 years or fine up to RM5 million, or both, if convicted.
Judge Zamri allowed Sharulnizam bail of RM50,000 in one surety, while Judge Ahmad Kamal Arifin allowed Nazeer Ahamed bail of RM150,000 in one surety.
Zamri and Ahmad Kamal Ariffin also ordered each of the accused to surrender their passports to the court and report to the Bank Negara once a month.
The courts set Oct 26 for mention of the case. — Bernama