https://www.thevibes.com/articles/news/119933/luxury-watch-shop-assistant-manager-faces-44-money-laundering-charges

AN assistant manager at a high-end watch retailer appeared in three Sessions Courts in Kuala Lumpur today to face 44 charges of receiving and transferring funds derived from illegal activities, involving a total loss of RM1.7 million.

Miki Oshiro, 36, a local citizen, entered a not guilty plea after the charges were formally read out before Judges Izralizam Sanusi, Azrul Darus, and Norma Ismail.

According to the charges, Oshiro allegedly received RM1.7 million from a 61-year-old female customer and subsequently transferred RM628,499 from illicit funds held in his savings account to the bank accounts of various individuals and companies.

The offences are said to have occurred at two banks in Damansara Utama, Petaling Jaya, between October 5, 2024, and January 3, 2025.

The case is being prosecuted under Paragraph 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 [Act 613], which carries a maximum penalty of 15 years’ imprisonment and a fine of no less than five times the value of the illicit proceeds or RM5 million, whichever is higher, if convicted.

Deputy public prosecutor Mohd Izham Mohd Marzuki requested bail of RM15,000 with one surety, adding that the accused should be prohibited from interfering with prosecution witnesses and must report monthly to the Bukit Aman Money Laundering Criminal Investigation Division (AMLA) until the case is resolved.

He noted that the accused’s passport had already been retained by the court from a prior case and stressed the economic implications of the alleged offences.

Representing Oshiro, lawyer S. Narasimhan argued for a lower bail, citing that his client was not a flight risk and continued to support his elderly mother.

The court ultimately granted bail of RM105,000 with one surety and maintained the requirement for monthly reporting to the AMLA division. The case is scheduled for mention on February 27.

Oshiro had previously been charged on February 21, 2025, alongside another individual in two Sessions Courts and a Magistrate’s Court on five counts of defrauding four individuals in connection with the sale of luxury watches valued at over RM2 million.