KUALA LUMPUR (Bernama) -- Two individuals were charged in the Sessions Court here today for allegedly failing to cooperate with the Securities Commission Malaysia (SC) in its investigation into breaches of securities laws.
Ong Kar Kian, 38, and Amirruddin Nin, 50, were charged under Section 32(8)(a) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001 which carries a fine of up to RM3 million or a jail term of up to five years or both, if convicted.
The SC, in a statement, said the two allegedly failed to comply with notices issued by an SC investigating officer in 2017 and 2018, requiring them to give their statements to him.
Ong, group accountant with ASIA MEDIA GROUP BHD
, and Amirruddin, a director of several private companies, were needed by the SC to assist in an on-going investigation under the Capital Markets and Services Act 2007 and AMLATFPUAA.
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