THE Securities Commission Malaysia (SC) charged two individuals on Feb 19 for failing to cooperate with the regulator in its investigation into breaches of securities laws.
Both Ong Kar Kian, 38, and Amirruddin bin Nin, 50, were charged in the Kuala Lumpur Sessions Court this morning under section 32(8)(a) of the Anti-Money Laundering, AntiTerrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).
The two failed to comply with notices issued by the SC investigating officer in 2017 and 2018 requiring them to attend before the officer for their statements to be recorded.
Ong, who was the group accountant of Asia Media Group Bhd, and Amirruddin, who was named director of several private companies, were needed by the SC to assist in an ongoing investigation under the Capital Markets and Services Act 2007 and AMLATFPUAA.
Though the SC had objected to bail, the sessions court allowed Ong and Amiruddin bail at RM50,000 respectively. They were both required to surrender their passports to the courts and report fortnightly to the SC.
The SC also reminded the public that failure to comply with a written notice issued by an investigating officer of the SC under securities laws is a serious offence, which upon conviction, is punishable with a fine of up to RM3 mil or a maximum jail term of five years or both.
Meanwhile, the SC is also calling on the public to provide information on another two individuals sought by the SC to assist in its investigation into the same case.
They are Datuk Wong Shee Kai/Ricky, who was the CEO and founder of Asia Media Bhd, and Rusli Jaafar, who was with CTB Solutions Sdn Bhd. – Feb 19, 2020
