An owner of a kindergarten was charged in the Sessions Court here today with 58 counts of money laundering amounting to RM17.3 million, eight years ago.

Chow Yew Fye, 44, pleaded not guilty to all the charges after they were read out separately before judge Noridah Adam.

Based on the charges, Chow was allegedly involved in money laundering by receiving money into his account with RHB Bank Berhad totalling RM17.3 million from Entrust Marketing which were proceeds from illegal activities. .

The man was charged with committing the offence at the RHB Bank branch in Taman Taming Jaya 1, Jalan Taming Kiri 2, Taman Taming Jaya, Balakong, here, between April 23, 2009 and Jan 4, 2016.

The court set bail at RM1 million in one surety and fixed June 19 for case mention and submission of documents.

Deputy public prosecutor Nik Haslinie Hashim appeared for the prosecution while Chow was unrepresented. - BERNAMA