BY IDA LIM
Monday May 18, 2015
05:52 PM GMT+8
KUALA LUMPUR, May 18 — Datuk Shamsubahrin Ismail was sentenced today to a total of 73 years’ jail for money-laundering and cheating National Feedlot Corporation (NFCorp) executive chairman executive chairman Datuk Dr Mohamad Salleh Ismail while acting as the firm’s consultant.
Sessions Court judge Rozilah Salleh meted out a total of 37 years and four strokes of the cane over five counts of cheating, and a total 36 years and six months for 17 count of money laundering.
But the judge said that the sentences will run concurrently.
“The jail sentence for Section 417 and Section 420 of the Penal Code and also the AMLATFA (Anti-Money Laundering and Anti-Terrorism Financing Act) will be carried out concurrently,” she said this afternoon, having delivered a guilty verdict this morning after finding the prosecution had proven its case beyond reasonable doubt.
A concurrent jail sentence means that Shamsubahrin would only be imprisoned for the maximum term that was imposed by Rozilah, which is eight years.
The judge also imposed a penalty of RM611,895.94 with the payment deadline expiring in three months’ time.
She allowed Shamsubahrin to be released on bail with a guarantor with another RM50,000 to be paid by noon tomorrow, on top of the existing bail amount of RM300,000 that was already paid.
Hasnal Rezua Merican, one of the lawyers for Shamsubahrin, confirmed that his client will appeal against the Sessions Court’s decision.
The prosecution was represented by Malaysian Anti-Corruption Commission (MACC) prosecutor Datuk Abdul Razak Musa and government lawyer Robert Pasang Alam for the cheating and money laundering cases respectively.
Shamsubahrin was charged on December 30, 2011, with five counts of cheating Mohamad Salleh of RM1.75 million.
According to the charge, the businessman had allegedly misled Mohamad into paying him a consultancy fee of RM2.75 million after telling the victim that he had been asked by former prime minister Tun Dr Mahathir Mohamad to offer advisory services.
He was also charged on June 18, 2012, with 17 counts of money laundering.
NFCorp was previously given a RM250 million federal loan for a cattle farming project, the National Feedlot Centre, that later featured in the Auditor-General’s annual report for 2010 over irregularities found.
– See more at: http://www.themalaymailonline.com/malaysia/article/ex-nfcorp-consultant-gets-73-years-jail-for-cheating-money-laundering#sthash.YQd3DI9o.dpuf