Illegal transfer of RM10 Million cash via money changer

Former Negri Sembilan Mentri Besar Datuk Seri Mohamad Hasan, was reported to have engaged the services of a money changer to remit RM10 million in March 2008. The case was marked as no further action, despite a few money changers shut down and fined as part of a Bank Negara probe for illegal remittances in 2009.

Disclosure Timeline

  • 10 Dec, 2009  -  Bank Negara goes after money-changers (The Star)

    Cases in­­volving VIP over­seas money transfer have taken on a new di­­mension with Bank Ne­­ga­­­­­­ra going after money-changers offering such services. The central bank said in a statement that it had revoked the licences of 41 money-changers under the Money-Changing Act.

    Indirectly implicated: Mohamad Hasan