Men deny money-laundering charges

The courthouse building in downtown George Town.

Three of the five men accused of laundering more than $6 million worth of gold pleaded not guilty in Grand Court Friday.

Pedro Jose Benavides Natera, Juan Carlos Gonzales and Kody David Zander are jointly charged with two counts of money laundering. Co-accused Daniel Alberto Aguilar Ferriozi and Francisco Anronio Di Ventura Herra, who each face a single count of money laundering, pleaded not guilty earlier.

The men also denied concealing criminal property in relation to more than US$135,000 in undeclared cash hidden inside the private jet used to transport the gold.

A five-week jury trial is set for November. Natera and Gonzales were remanded into custody while the other three were bailed.

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