Company fined RM5.2 million for money laundering, illegal direct sales | The Malaysian Insight

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Company fined RM5.2 million for money laundering, illegal direct sales | The Malaysian Insight
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Company fined RM5.2 million for money laundering, illegal direct sales

A COMPANY selling supplementary health food products has been fined RM5.15 million for money laundering, as well as promoting and conducting direct sales without a valid licence.

According to the Domestic Trade and Consumer Affairs Ministry, Kuala Lumpur Sessions Court judge Kamar Jamaludin meted out the punishment after a company representative pleaded guilty on Monday. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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