PETALING JAYA – A Malaysian businessman is facing 100 charges of moving currency totalling S$12 million (RM36.6 million) into Singapore without giving a full and accurate report of the money at the checkpoint.
Abdul Jalil Sulaiman, 47, was charged today with moving into Singapore amounts ranging from S$30,300 to S$300,000 between Sept 4, 2013 and April 16, 2014, The Straits Times reported.
He was accused of committing the acts at the Green Channel at Woodlands checkpoint, which is for travellers arriving at the island republic with no dutiable, controlled or prohibited goods to declare.
According to Singapore’s Immigration and Checkpoints Authority website, visitors entering or leaving the city state with physical currency exceeding S$20,000 in total value must fill in the Physical Currency and Bearer Negotiable Instruments Report (Traveller) form.
The forms must then be submitted at the Customs Red Channel upon arrival in Singapore, and at the immigration counters on departure.
The daily said Abdul Jalil had indicated that he wished to plead guilty.
Under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, he faces a fine of up to S$50,000 and/or a jail term of up to three years on each charge upon conviction.
Bail of S$100,000 was offered. The prosecution is set to proceed on 30 of the charges, the report said, adding that Abdul Jalil would return to court on Dec 21.