Company fined about RM5m for money laundering, illegal direct selling activities | Malay Mail

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Company fined about RM5m for money laundering, illegal direct selling activities

PUTRAJAYA, Oct 9 — A company selling supplementary health food products has been fined RM5.15 million for money laundering, and promoting and conducting direct sale activities without a valid licence.

A fine of RM150,000 was imposed for an offence under Section 4 of the Direct Sales and Anti-Pyramid Scheme Act 1993 for conducting a direct selling business without a valid licence, KPDNHEP said in a statement today. It was also fined a further RM5 million for offences under Section 4 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 for receiving money amounting to RM450,000 from illegal activities.

In the statement, trade enforcement director Azman Adam said that from 2016 to 2021, the ministry had taken action on several cases involving direct sale and pyramid schemes up to the forfeiture stage worth RM55.99 million and total fines of RM17 million.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

Could it be that the company did an 'Ahmad Mazlan' move? So, maybe technically this is not a fine but just a return of the laundered money....

No need report if can't name names.

Why isn't the company named? At least public will be aware, isn't that the purpose?

Which company is this? The case has already been carried out in open court and the verdict has been passed, but why do our newspapers still don't publicly name the wrong doers?

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 1. in TH

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Company fined about RM5mil for money laundering, illegal direct selling activitiesPUTRAJAYA, Oct 9 (Bernama): A company selling supplementary health food products has been fined RM5.15mil for money laundering, and promoting and conducting direct sale activities without a valid licence. MAS NOSHAME NoRESOLUTION BudgetAir_ie Escalation MyMOTAC MITIMalaysia malaysiakini MY_Airports TourismMalaysia MalaysiaMFA consumer_mcm Budgetair budgetaircouk NegativeReview Covid19 Covid Waiting for my cancelled unused ticket refund (cancelled byMAS) Day32 Ala tulis la nama company.
แหล่ง: staronline - 🏆 4. / 75 อ่านเพิ่มเติม »

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