Court Set September 21 as Re-Mention for Money Laundering Case (BruDirect (Brunei))

The country’s first money laundering case will be re-mentioned on September 21 after the prosecution told High Court Justice Dato Paduka Steven Chong that the documents requested by the defence would be provided this coming week.

No plea is taken yet from two Malaysians and a money changer business based in Malaysia on charges of money laundering and failure to report movement of cash.

Louis Lu Zen Kun is accused of bringing RM1.2 million and various other currencies undeclared into Brunei from Lawas for the purpose of money laundering. Lu Ngoung New and Micaland Sdn Bhd, a money changing business in Limbang, are accused of abetting Louis.

Louis faces a fine not exceeding BND$50,000, three years’ jail or both under Section 37(1) of Criminal Asset Recovery Order (CARO), for failure to report movement of money. He is also facing up to BND$500,000 in fine, 10 years’ jail or both for money laundering under Section 3(1) of CARO.

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