Businesswoman Sentenced to 120 Years in Jail for Money Laundering

The Star reports that Malaysian businesswoman Raja Noor Asma Raja Harun has been sentenced to 120 years in prison and fined RM5 million (approximately €1.25 million/US$1.62 million) after pleading guilty to offences under the Anti-Money Laundering Act and related to the Securities Commission. Raja Noor Asma reportedly admitted to receiving, using or possessing illegal proceeds obtained through a Ponzi scheme which allegedly defrauded 4,000 investors. According to The Star, Raja Noor Asma will only serve seven years for the offences.
The Star: Businesswoman in Ponzi scheme gets 120 years in jail, RM5mil fine (10 January 2011)
(Source: The Star)