High Court upholds freezing of company director’s accounts

KUALA LUMPUR: The Securities Commission Malaysia (SC) and the Public Prosecutor (PP) have secured an order to freeze the bank accounts of a director of a company over an ongoing investigation.

The SC said the Shah Alam High Court yesterday allowed the commission to strike out a suit filed by Teh Sew Wan on Aug 24, 2019.

“At the hearing yesterday, the SC and the PP argued that the suit filed by Teh is premature and an abuse of court process as the investigation against Teh is ongoing.

“In delivering the High Court’s decision, Justice Datuk Che Mohd Ruzima agreed with the SC and ordered for the suit to be struck out,” the SC said in a statement today.

Teh filed the suit following the freezing and seizure of her bank accounts under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).

Teh claimed that the orders under AMLATFPUAA are bad in law and that her constitutional rights had been infringed. – Jan 14, 2020 Bernama

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