The plea of two Cyprus nationals accused of money laundering has been deferred to later this month as the defense has sought for more time from High Court Judge Justice Thushara Rajasinghe today.
Loizos Petridis and Cleanthis Petridis have been charged with one count each of money laundering, attempt to obtain property by deception and possession of property suspected of being proceeds of a crime.
It is alleged that between the 12th and 19th of December 2017, Loizos Petridis and Cleanthis Petridis engaged directly or indirectly in transactions involving $95,590 that were the proceeds of crime knowing or ought to have reasonably known that the money was derived from some form of unlawful activity.
It is also alleged that between the 13th to 19th December 2017, the two Cyprus nationals attempted to dishonestly obtain $41,540 from BSP.
It is also alleged that between 12th to the 19th Of December 2017, they possessed $203,009 that may reasonably be suspected of being proceeds of crime.
The plea will be taken on the 18th of this month.
