Company, 4 directors charged with RM20mil money laundering

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They pleaded not guilty and the case will be mentioned in court again on Dec 1.

The Penang sessions court allowed all four of the accused to be bailed out for a total of RM1,748,000, with one surety for each accused.

Domestic trade and cost of living ministry enforcement director-general Azman Adam said Quinton Group Sdn Bhd, along with its four directors, namely Tan Kwong Yeow, 35, Ooi Chuen Chie, 35, Lim Shing Yee, 31, and Seow Ming Cjoy, 32, were brought before the court on Oct 18. “All the accused are alleged to have received money from illegal proceeds amounting to RM2.08 million from a current account belonging to Quinton Group Sdn Bhd for the period from 2019 to 2022.

The charges were made under Section 4 of the Anti-Money Laundering, Anti-Terrorist Financing and Proceeds of Unlawful Activities Act 2001, which carries a prison sentence of up to 15 years.

 

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