Companies/ Individuals

Date

Activities

Status

Related Press releases

The Gold Label Sdn Bhd

• The High Court has set the date, 13 February 2012 for hearing and 3rd party claim.

Bank Negara Malaysia Investigates The Gold Label Sdn Bhd

• Trial for application of civil forfeiture under S56(1) of AMLATFA is still ongoing. The High Court has yet to set the date for 3rd party claim.

• The High Court has set the hearing date on 21 October 2011

7 May 2010

• Bank Negara Malaysia has commenced investigations into The Gold Label Sdn Bhd under Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• The raid on The Gold Label Sdn Bhd was conducted yesterday at its premises in Northpoint Offices, Tower A Mid Valley City, Kuala Lumpur following complaints received from members of the public. Relevant assets and documents of the company were seized for purpose of investigation.

Ongoing Investigation

Dencomm Sales & Services Sdn Bhd

21 Sept 2011

• The case was mentioned in Kota Tinggi Sessions Court.

Hearing dates fixed on 5th, 6th, 7th & 8th of March 2012.

Bank Negara Malaysia Investigates Dencomm Sales & Services Sdn Bhd

• Shamsudin Bin Mahadi, one of the directors of Dencomm Sales & Services Sdn.Bhd. was charged at Johor Bahru Sessions Court under Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act (AMLATFA) 2001.

• Shamsudin Bin Mahadi and Shafila Binti Shamsudin, the directors of Dencomm Sales & Services Sdn.Bhd. were charged at Kota Tinggi Sessions Court for offences under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989 and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act (AMLATFA) 2001.

• Bank Negara Malaysia has commenced investigations into Dencomm Sales & Services Sdn Bhd under Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• The raid on Dencomm Sales & Services Sdn Bhd was conducted today at its premises in Bandar Penawar, Kota Tinggi, Johor following complaints received from members of the public. Relevant assets and documents of the company were seized for the purpose of investigation.

Semangat Teknologi Gagah Sdn. Bhd. (formerly known as STG Resources Sdn. Bhd.)

• The High Court has set the date to hear for any bona fide third party claim on 14 September 2011.

Bank Negara Malaysia Investigates Semangat Teknologi Gagah Sdn. Bhd. (formerly known as STG Resources Sdn. Bhd.) and Its Related Companies

• Bank Negara Malaysia has completed investigation under AMLATFA and filed for civil forfeiture under S.56(1) of AMLATFA at the Kuala Lumpur High Court.

21 April 2010

• Bank Negara Malaysia has commenced investigations into Semangat Teknologi Gagah Sdn Bhd (STG) and its related companies under Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• The raids on STG and its related companies were conducted on 4 February 2010 at their premises in Kuala Lumpur and Selangor following complaints received from members of the public.

Ongoing Investigation

17 June 2011

• Case was mentioned at Kuala Lumpur Session Court.

The new trial date is fixed on:

24 to 28 Oct 2011,
17 to 18 Nov 2011,
21 to 25 Nov 2011

7 June 2011

• Case was mentioned at Kuala Lumpur Sessions Court.

• Case was mentioned at Kuala Lumpur Sessions Court.

• Case was mentioned at Kuala Lumpur Sessions Court.

• Lim Long Yew, the director of Asia Ceramic Marketing Sdn. Bhd. was charged at Shah Alam and Klang Sessions Court under Section (4)(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

All charges have been transferred to Kuala Lumpur Sessions Court to be jointly tried with the earlier charges.

Mention date for the joint trial is set on 17 January 2011

• Lim Long Yew and Leong Guan Yeu, the directors of Asia Ceramic Marketing Sdn. Bhd. were charged at Kuala Lumpur Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989 and Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

23 July 2009

• Bank Negara Malaysia has commenced investigations into Asia Ceramic Marketing Sdn Bhd and its related companies under Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• The raid on Asia Ceramic Marketing Sdn Bhd and its related companies was conducted at the premise of the company in Kuala Lumpur following complaints received from members of the public. Relevant assets and documents of the company were seized for the purpose of investigation.

Ongoing Investigation

Etika Emas Estet Sdn Bhd

21 July 2009

• Bank Negara Malaysia has commenced investigations into Genneva Sdn Bhd and Etika Emas Estet Sdn Bhd under suspicion of conducting illegal deposit taking activities in breach of Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• The raids on these companies were conducted at their premises in Kuala Lumpur following information received from members of the public. Relevant assets and documents of the company were seized for the purpose of investigation.

Ongoing Investigation

Bank Negara Malaysia Investigates Genneva Sdn Bhd and Etika Emas Estet Sdn Bhd

• Case was heard at Kuala Lumpur Sessions Court

Next hearing dates:

i. 12 - 14 Sept. 2011
ii. 14 - 16 Nov 2011
iii. 07 - 09 Dec 2011
v. 12 - 15 Dec 2011

• Case was heard at Kuala Lumpur Sessions Court.

• Case was heard at Kuala Lumpur Sessions Court.

• Case was mentioned at Kuala Lumpur Sessions Court.

• Liew Chee Wah, the director of Genneva Sdn.Bhd. was charged at Kuala Lumpur Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

• The company and the directors of Genneva Sdn.Bhd., Chin Wai Leong, Ng Poh Weng and Marcus Yee Yuen Seng were charged at Kuala Lumpur Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

• AMLATFA case was heard at Kuala Lumpur Sessions Court.

The Court has set the trial dates as follow:

1. 4-8 April 2011; and
2. 18-22 April 2011

• Ng Poh Weng, Marcus Yee Yuen Seng, Liew Chee Wah and Chin Wai Leong, the directors of Genneva Sdn. Bhd. were charged at Kuala Lumpur Sessions Court for an offence under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

21 July 2009

• Bank Negara Malaysia has commenced investigations into Genneva Sdn Bhd and Etika Emas Estet Sdn Bhd under suspicion of conducting illegal deposit taking activities in breach of Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• The raids on these companies were conducted at their premises in Kuala Lumpur following information received from members of the public. Relevant assets and documents of the company were seized for the purpose of investigation.

Ongoing Investigation

• Case was mentioned at Ipoh Sessions Court.

Next mention date is fixed on 19 December  2011.

Bank Negara Malaysia and Securities Commission Malaysia Investigates Bestino Group Berhad and Its Related Companies

19 September 2011

• Case was mentioned at Ipoh Sessions Court.

Next mention date is fixed on 14 November 2011.

• Case was mentioned at Ipoh Sessions Court.

• Case was mentioned at Ipoh Sessions Court.

• Case was heard (mentioned) at Ipoh Sessions Court.

• Joint trial application for BAFIA & AMLATFA charges were heard at Ipoh Sessions Court.

• Chong Yuk Ming, Goon Koon Lee, Chang Kuei Geh and Ho Chee Cheong, the directors of Bestino Golden House Sdn.Bhd. were charged at Ipoh Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989 and Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

16 June 2009

• Bank Negara Malaysia and the Securities Commission Malaysia have commenced investigations into Bestino Group Berhad and its related companies suspected of conducting illegal deposit taking and illegal investment schemes, in breach of subsection 25(1) of the Banking and Financial Institutions Act 1989 (BAFIA) and the offering for subscription or purchase of preference shares in breach of section 212(2) of the Capital Markets and Services Act 2007
• The raids on Bestino Group Berhad and its related companies were conducted at their premises in Ipoh, Perak and Petaling Jaya, Selangor following complaints received from members of the public.

Ongoing Investigation

AK United Sdn Bhd

• The court has set the hearing date on 8 to 11 November 2011 and 28 November to 1 December 2011.

20 June 2011

• Wong Yiak Leong, the director and the company, AK United Sdn.Bhd. were charged at Kuala Lumpur Session Court for offences under section 25(1) of Banking and Financial Institutions Act 1989 (BAFIA).

• Lee Poh Kuen @ Soo Ha, Wong Gan Meng and Choi Yuet Yee, the employees of AK United Sdn.Bhd. were charged at Kuala Lumpur Session Court for offences under section 25(1) of Banking and Financial Institutions Act 1989 (BAFIA).

26 May 2009

• Bank Negara Malaysia (BNM) and Suruhanjaya Syarikat Malaysia (SSM) jointly raided AK United Sdn Bhd., Dinari Capital Sdn. Bhd, myDNA International Sdn. Bhd. and E-Eagle Sdn. Bhd pursuant to the Banking and Financial Institutions Act (BAFIA) 1989 and Companies Act (CA) 1965.
• These raids were simultaneously conducted at the companies' premises in four different locations in Cheras, Kuala Lumpur.
• Raids were conducted on these companies following complaints received from members of the public alleging the said companies were engaging in illegal deposit taking activities and illegal investment schemes which may be in contravention of section 25 of the BAFIA and section 366(3) of the CA respectively.

Ongoing Investigation

Walton International Property Group (M) Sdn Bhd

2 September 2010

• Bank Negara Malaysia issued a compound notice to Walton International Property Group (M) Sdn Bhd for committing multiple offences under the Exchange Control Act (ECA) 1953.

Walton Malaysia paid the compound.
Case closed.

(Please also refer 'Enforcement Action' section.

Bank Negara Malaysia Raids Walton International Property Group (M) Sdn Bhd

• Bank Negara Malaysia raided Walton International Property Group (M) Sdn Bhd under the Exchange Control Act (ECA) 1953.
• The raids were simultaneously conducted at the premises of the company in Kuala Lumpur (W. Persekutuan), Kota Kinabalu (Sabah) and Kuching ( Sarawak ) following complaints received from members of the public.

Gemilang Mirza Sdn. Bhd

• Judgment
• Case was heard at Kota Kinabalu Session Court.

The Court had found all the accused guilty for an offence under s.25(1) BAFIA and convicted them respectively as follows:

i). The company, Gemilang Mirza Sdn Bhd is fined with RM 3 million;

ii). The Directors, Ag. Binting Pg Mat Salleh & Ag. Ajis Pg Mat Salleh - imprisonment of 6 years each.

Bank Negara Malaysia Raided Gemilang Mirza Sdn Bhd on Suspicion of Conducting Illegal Deposit Taking and Money Laundering Activities

• The decision has been postponed to another date.

• The court has postponed its decision.

• The trial on BAFIA has been concluded and the decision will be on 8 July 2011.

• All the accused have been ordered to enter their defence.

6 December 2010

• Case was heard at Kota Kinabalu Sessions Court.

The Court will give its decision on 14 February 2011.

7 - 16 July 2010

• BAFIA case was heard at Kota Kinabalu Sessions Court.

Next hearing date is set on 6 December 2010.

• Joint trial for BAFIA & AMLATFA cases were heard at Kota Kinabalu Sessions Court.

• Company director, Ag. Binting bin Pg. Mat Salleh was charged in the Kota Kinabalu Sessions Court under the Anti-Money Laudering and Anti-Terrorism Financing Act 2001 (AMLATFA).

The Judge allowed for a joint trial of the BAFIA & AMLATFA charges.

The next hearing date was set on 1 March 2010 for mention.

• Company and two of its directors were charged in the Kota Kinabalu Sessions Court under the Banking & Financial Institution Act 1989 (BAFIA).

13 January 2009

• The company was raided on suspicion of conducting illegal deposit taking and money laundering activities.

Ongoing Investigation

• Case was heard at Shah Alam Sessions Court.

• Case was heard at Shah Alam Sessions Court.

Next hearing date is set on:

i) 24 March 2011;
ii) 12 & 13 May 2011;
iii)8, 9 & 10 June 2011; and
iv) 11 to 15 July 2011

• Case was re-mentioned at Klang Sessions Court.

• Case was mentioned at Klang Sessions Court.

• Joint trial for BAFIA and AMLATFA cases were re-mentioned at Klang Sessions Court.

• Joint trial for BAFIA and AMLATFA cases were mentioned at Klang Sessions Court.

• Another director of Buluhmas Enterprise Sdn. Bhd, Azmi Ame Hamzah was charged at the Klang Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.
• Azmi and his father, Ame Hamzah Mat Atar were also charged for offences under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

Azmi was released on bail of RM200,000 for all the charges whereas Ame Hamzah was released on bail of RM350,000.

Mention date for Azmi and Ame Hamzah for both charges (BAFIA and AMLATFA) were set on 21 December 2009.

• The company and one of the directors of Buluhmas Enterprise Sdn. Bhd, Ame Hamzah Mat Atar were charged at Klang Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

He was released on bail of RM50,000.

Mention date for this case was set on 21 December 2009.

13 October 2008

• The company was raided on suspicion of conducting illegal deposit taking and money laundering activities.

Ongoing Investigation

Noradz Travel & Services Sdn.  Bhd

3 Oct 2011

• Judgement
• Case was heard at Kuala Lumpur Criminal Sessions Court 2.

The Court found all accused persons guilty of breaching s. 25(1) of BAFIA. The Court imposed sentences as follows:-

(i) the company, Noradz Travel & Services Sdn Bhd was fined RM5 million;
(ii) Noradzma bt. Dato Adzhar (1st accused) was sentenced to one (1) year imprisonment and fined RM 500,000.00 (in default - 6 months imprisonment); and
(iii) Dato Adzhar b. Sulaiman (2nd accused) was sentenced to two (2) years imprisonment and fined RM 1 million (in default - 10 months imprisonment).

The 1st accused, 2nd accused and 3rd accused, Noradzrin bt Dato Adzhar were also convicted under section 4(1) of AMLATFA. The Court imposed sentences as follows:-

(i) Two (2) years imprisonment against Noradzma bt. Dato Adzhar (1st accused);
(ii) Three (3) years imprisonment against Dato Adzhar b. Sulaiman (2nd accused); and
(iii) One (1) year imprisonment against Noradzrin bt. Dato Adzhar (3rd accused);

The court ordered the jail sentence for offences under BAFIA and AMLATFA to run consecutively.

Bank Negara Malaysia Raided Four Companies on Suspicion of Conducting Illegal Deposit Taking and Money Laundering Activities

• The date was fixed for clarification on the submissions by defence and prosecution. However, the court on the 6 Sept. 2011 vacated the date and informed that another date would be fixed for decision only.
• Case was heard at Kuala Lumpur Criminal Sessions Court 2.

i) 30 & 31 May 2011; and

ii) 1 & 2 June 2011.

• The defence closed its case (BAFIA & AMLATFA ) on 2 June 2011 and will submit the defence submission by 4 July 2011.
• The prosecution will submit their submission by 4 August 2011 while the defence will reply by 18 August 2011.

• Case was heard at Kuala Lumpur Sessions Court.

14 January 2011

• The Prosecution has proved a prima case against all the accused [Noradz Travel & Services Sdn. Bhd; Noradzma bt. Adzhar; Dato' Adzhar bin Sulaiman; Noradzrin bt Adzhar (only for AMLATFA charges)] for both BAFIA & AMLATFA

All the accused have been ordered to enter their defence. Continued hearing has been fixed as follows:-

1. 26 & 31 January 2011;
   
2. 16 & 28 February 2011; and
3. 1 March 2011

6 - 8 October 2010

• AMLATFA case was heard at Kuala Lumpur Sessions Court and completed. Both prosecution and defense counsel had submitted their submission to the court for its decision.

The court will give its decision on 14 January 2011.

20 - 22 September 2010

• AMLATFA case was heard at Kuala Lumpur Sessions Court.

Next hearing dates is set on 6 - 8 October 2010.

26 - 27 August 2010

• AMLATFA case was heard at Kuala Lumpur Sessions Court.

Next hearing dates is date on 20 - 22 September 2010.

i) 19 to 23 July 2010;  and
ii) 2 to 6 August 2010

• BAFIA case was heard at Kuala Lumpur Sessions Court and completed. Next trial will hear for AMLATFA case.  

Next trial dates have been set on 26 - 27 August 2010.

• Joint trial for BAFIA & AMLATFA cases were heard at Kuala Lumpur Sessions Court.

Next hearing is set on the following dates:-

• Criminal prosecution was initiated against the company at Kuala Lumpur Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

The judge allowed for a joint trial of the BAFIA and AMLATFA charges.

Mention date was set on 18 February 2010 for mention.

• Noradzma binti Adzhar and Noradzrin binti Adzhar, the directors and Dato' Adzhar bin Sulaiman, the employee of Noradz Travel & Services Sdn. Bhd, were charged at Kuala Lumpur Sessions Court for an offence under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• At the same court, Dato' Adzhar bin Sulaiman and Noradzma binti Adzhar were also charged for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

• The company was raided on suspicion of conducting illegal deposit taking and money laundering activities.

Jazmeen (M) Sdn. Bhd

January - February 2010

• Press releases have been issued by the Bank to search for missing suspects.

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Bank Negara Malaysia Raided Four Companies on Suspicion of Conducting Illegal Deposit Taking and Money Laundering Activities

• The company was raided on suspicion of conducting illegal deposit taking and money laundering activities.

Eastana Farm Industries Sdn. Bhd

i.3 August 2011

ii.9 - 11 August 2011

• Case was heard at Seremban Session Court

Next hearing dates:

i. 30 Sept. 2011
ii. 6 - 7 Oct 2011
iii. 23 - 25 Nov 2011
iv. 14 - 16 Dec 2011
v. 19 - 20 Dec 2011
vi. 11 - 13 Jan 2012
vii. 18 - 20 Jan 2012
viii. 9 – 10 Feb 2012

Bank Negara Malaysia Raided Four Companies on Suspicion of Conducting Illegal Deposit Taking and Money Laundering Activities

• The trial has been postponed to another date

• Case was mentioned at Seremban Sessions Court and the Court fixed 23 May 2011 to start the trial.

• Case was mentioned at Seremban Sessions Court.

• The Court set another date for mention due to a change of one of the three accused's defense counsel.

Next mention date is set on 22 December 2010.

• The Court set another date for mention.

Next mention date was set on 15 November 2010.

• The Court set another date for mention.

Next mention date was set on 27 August 2010.

• The Court set another date for mention.

• The Court set another date for mention.

19 February 2010

• Eastana Farm Industries Sdn. Bhd. shareholder, A.Halim bin A Rahman was charged at Petaling Jaya Sessions Court for an offence under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

The judge allowed for a joint trial of the BAFIA and AMLATFA charges at Seremban Sessions Court, Negeri Sembilan.

Mention date was set on 29 March 2010.

• Eastana Farm Industries Sdn. Bhd. authorized account signatory, Khairuazhar bin Abdullah was charged at Seremban Sessions Court for an offence under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

• Eastana Farm Industries Sdn. Bhd. director, Syed Shareezally bin Syed Aualadali was charged at Petaling Jaya Sessions Court for an offence under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

The judge allowed for a joint trial of the BAFIA and AMLATFA charges at Seremban Sessions Court, Negeri Sembilan.

Mention date was set on 29 March 2010.

• Company directors, Syed Shareezally bin Syed Aualadali and A.Halim bin A.Rahman were charged at Seremban Sessions Court for an offence under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

• Eastana Farm Industries Sdn. Bhd. and company's director, Syed Shareezally bin Syed Aualadali were charged at Seremban Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

• Eastana Farm Industries Sdn. Bhd. shareholder, A.Halim bin A Rahman was charged at the Seremban Sessions Court  for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

• The company was raided on suspicion of conducting illegal deposit taking and money laundering activities.

Reed Corporation Sdn Bhd

18 August 2008

• Bank Negara Malaysia raided AFS Global Holdings Sdn Bhd, Reed Corporation Sdn Bhd, Sigma Platinum Sdn Bhd, Wisdom Spectrum Sdn Bhd, Maxficient Consultancy Sdn Bhd and Practical Support Sdn Bhd under Section 4 of the Exchange Control Act 1953.
• The raids were conducted at the premises of the companies in Kuala Lumpur and Selangor following complaints received from members of the public.

Ongoing Investigation

Bank Negara Malaysia Raided Six Companies on Suspicion of Conducting Illegal Foreign Currency Dealings

Sigma Platinum Sdn Bhd

18 December 2008

• The case is also investigated by the Police under the
  Penal Code as the initial investigation findings revealed elements of cheating.

Case handed over to PDRM

Bank Negara Malaysia Raided Six Companies on Suspicion of Conducting Illegal Foreign Currency Dealings

• Bank Negara Malaysia raided AFS Global Holdings Sdn Bhd, Reed Corporation Sdn Bhd, Sigma Platinum Sdn Bhd, Wisdom Spectrum Sdn Bhd, Maxficient Consultancy Sdn Bhd and Practical Support Sdn Bhd under Section 4 of the Exchange Control Act 1953.
• The raids were conducted at the premises of the companies in Kuala Lumpur and Selangor following complaints received from members of the public.

Wisdom Spectrum Sdn Bhd

18 December 2008

• The case is also investigated by the Police under the
  Penal Code as the initial investigation findings revealed elements of cheating.

Case handed over to PDRM

Bank Negara Malaysia Raided Six Companies on Suspicion of Conducting Illegal Foreign Currency Dealings

• Bank Negara Malaysia raided AFS Global Holdings Sdn Bhd, Reed Corporation Sdn Bhd, Sigma Platinum Sdn Bhd, Wisdom Spectrum Sdn Bhd, Maxficient Consultancy Sdn Bhd and Practical Support Sdn Bhd under Section 4 of the Exchange Control Act 1953.
• The raids were conducted at the premises of the companies in Kuala Lumpur and Selangor following complaints received from members of the public.

Maxficient Consultancy Sdn Bhd

18 August 2008

• Bank Negara Malaysia raided AFS Global Holdings Sdn Bhd, Reed Corporation Sdn Bhd, Sigma Platinum Sdn Bhd, Wisdom Spectrum Sdn Bhd, Maxficient Consultancy Sdn Bhd and Practical Support Sdn Bhd under Section 4 of the Exchange Control Act 1953.
• The raids were conducted at the premises of the companies in Kuala Lumpur and Selangor following complaints received from members of the public.

Ongoing Investigation

Bank Negara Malaysia Raided Six Companies on Suspicion of Conducting Illegal Foreign Currency Dealings

Practical Support Sdn Bhd

18 December 2008

• The case is also investigated by the Police under the
  Penal Code as the initial investigation findings revealed elements of cheating.

Case handed over to PDRM

Bank Negara Malaysia Raided Six Companies on Suspicion of Conducting Illegal Foreign Currency Dealings

• Bank Negara Malaysia raided AFS Global Holdings Sdn Bhd, Reed Corporation Sdn Bhd, Sigma Platinum Sdn Bhd, Wisdom Spectrum Sdn Bhd, Maxficient Consultancy Sdn Bhd and Practical Support Sdn Bhd under Section 4 of the Exchange Control Act 1953.
• The raids were conducted at the premises of the companies in Kuala Lumpur and Selangor following complaints received from members of the public.

Pan Phoenix Dina Sdn. Bhd

Trials under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) at Kota Bharu Sessions Court

Bank Negara Malaysia Investigates Pan Phoenix Dina Sdn bhd and Its Related Companies

• Court Discharged Not Amounting to Acquittal (DNAA)* BAFIA's case.
  
  * Dilepaskan Tanpa Dibebaskan
  

6 April 2009

• The following directors ;
  • Hasri Bin Mohd Noor and Hazlan Bin Abd Hamid (Business Time Dina S/B);
  • M. Bakri B Kamaruddin and Zainal Bin Md Yusof (Pan Phoenix Dina Sdn. Bhd, Pan-Phoenix Dina Holdings Berhad and Pan Phoenix Dina Steel Sdn. Bhd);

were charged with a total of 114 counts in Kota Bahru Sessions Court.

They were released with various amounts of bails.

• Prosecution request to conduct for a joint trial of the AMLATFA and BAFIA charges.

• Business Time Dina Sdn Bhd's director, Hasri bin Mohd Noor was charged with 2 counts in Kuala Lumpur Sessions Court under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

He was released on RM50,000 bail with 1 surety and was ordered to surrender his passport.

Mention date was set on 9 April 2009

Trials under the Banking and Financial Institutions Act 1989 (BAFIA) at Kota Bharu Sessions Court

i) P.P. vs. Pan-Phoenix Dina Sdn. Bhd. & 3 Others [Harun Mat Saat (Harun), Zainal bin Md Yusof (Zainal) & M. Bakri B Kamaruddin (Bakri)] - Case 1

ii) P.P. vs. Business Time Dina Sdn. Bhd. & 3 Others (Harun, Hazlan & Hasri) - Case 2

• Court had DNAA the case on the ground that all the accused i.e. Zainal, Bakri and Harun already absconded.
  (See also: Have You Seen These People?]

• Case 2 continued for trial.

Next trial date was set from 2-3 August 2010.

• Trial for Case 2 was heard before Kota Bharu Session Court Judge.

Next trial date was set on 11 July 2010.

• Attempts to execute warrant of arrest to the accused, Harun Mat Saat failed.

• One of the accused, namely Harun Mat Saat was absence for trial on Case 1 set from 10 - 13 May 2010.
• Warrant of arrest was subsequently issued by Kota Bahru Sessions Court Judge.

• Trial for Case 2 was postponed due to the absence of one of the accused, Encik Harun bin Mat Saat.

• Trial for Case 2 was postponed again due to change of accused's defense counsel.

New trial dates was set on 28 to 29 April 2010

• Trial for Case 2 was postponed due to the absent of its director.

New trial dates had been set as follows:-

i) 9 to 11 February 2010;
ii) 23 to 25 February; and
iii) 23 to 24 March 2010.

• Case was re-mentioned at Kota Bahru Sessions Court for an offence under the BAFIA.
• The Court has set the trial dates for the following accused:

  i. Business Times Dina S/B

  ii. Pan Phoenix Dina S/B

• The Directors of the following companies:

  i. M. Bakri Kamaruddin and
  Zainal Md. Yusof (Pan
  Phoenix Dina S/B)

ii. Hasri Mohd Noor and
Hazlan Abd Hamid
(Business Time Dina S/B)
as well the patron of both companies, Harun Mat Saat were charged in Kota Bahru Sessions Court for offences under the BAFIA.

Trials under the Banking and Financial Institutions Act 1989 (BAFIA) at Kuala Lumpur Sessions Court

i) P.P. vs. Pan-Phoenix Dina Sdn. Bhd. - Case 3
ii) P.P. vs. Pan-Phoenix Dina Sdn. Bhd. & Kelab Taqwa Malaysia & 3 Others - Case 4
iii) P.P. vs. Pan-Phoenix Dina Steel Sdn. Bhd.  - Case 5
iv) P.P. vs. Business Time Dina Sdn. Bhd. - Case 6

The Court fixed next hearing date as follows:-

i) 5 - 7 April 2011;
ii) 17 - 1 April 2011; and
iii) 28 - 29 April 2011.

• 2 of the company directors and Harun Mat Saat again were not present during the trial.
• Court had issued warrant of arrest.
  

• Court set new date as 2 of the company directors and Harun Mat Saat were not present. Court had issued warrant of arrest.

• Court set new date as 2 of the company directors and Harun Mat Saat were not present. Court issued warrant of arrest.

• The prosecution finished presenting their case for Case 3 & Case 4.   

New trial date for Case 5 & Case 6 was set as follows:

• 20 - 24 Sept. 2010
• 4 - 7 Oct. 2010

• The Court set another trial date and set 31 May 2010 for mention on the execution of warrant of arrest of one of the accused, namely Harun Mat Saad.

• The following directors and companies

i) Hasri Bin Mohd Noor,
ii) Hazlan Bin Abd Hamid,
iii) M. Bakri B Kamaruddin;
iv) Zainal Bin Md Yusof,
v) Haidzir Lebai Yakub
vi) Harun Bin Mat Saat
vii) Business Time Dina S/B
viii) Pan Phoenix Dina S/B
ix) Pan Phoenix Dina Steel S/B and
x) Kelab Taqwa Malaysia

were charged at Kuala Lumpur Sessions Court.

The trial dates for each of the companies have been set as follows:

i) 18 - 21 May 2010
ii) 9 to 13 August 2010;
iii) 20 to 24 September 2010; &
iv) 4 to 7 October 2010.

8 April 2008

• The company was raided on suspicion of conducting illegal deposit taking and money laundering activities.

Sunshine Empire Sdn Bhd

3 June 2010

• The case was mentioned at the Kuala Lumpur Sessions Court for case management.
• A representative of the company pleaded guilty to two charges read under s.25(1) of the BAFIA 1989 and subsequently convicted by the Court Judge.

Please also refer 'Enforcement Action' section.

Bank Negara Malaysia Charged Sunshine Empire Sdn Bhd for Illegal Deposit Taking

• The case was re-mentioned at the Kuala Lumpur Sessions Court.

• The company was charged at the Kuala Lumpur Sessions Court for an offence under the Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

Next mention date was set on 20 July 2009.

4 April 2008

• Sunshine Empire Sdn. Bhd was raided on suspicion of conducting illegal deposit taking and money laundering activities.

Ongoing Investigation

Bank Negara Malaysia Investigate Mercantile Print Sdn Bhd and Sunshine Empire Sdn Bhd and Its Related Companies

Mercantile Point Sdn Bhd

• Judgment
  
  
• Case was heard at Kuala Lumpur Criminal Sessions Court 3.The Court found all accused persons guilty of breaching s. 25(1) of BAFIA. The Court imposed sentences as follows:-
  1. the company, Merchantile Point Sdn Bhd was fined RM3 million;
     
     
  2. Rusdie Bin Ganning (1st accused) was sentenced to two (2) year imprisonment and fined RM 1.5 million (in default - 4 months imprisonment); and
     
     
  3. Hariyah Binti Yaakob (2nd accused) was sentenced to two (2) years imprisonment and fined RM 2 million (in default - 6 months imprisonment).
     
     
• The 1^st accused and 2^nd accused were also convicted under section 4(1) of AMLATFA. The Court imposed sentences as follows:-
  
  
  1. Eighteen (18) months imprisonment against Rusdie Bin Ganning (1st accused) and fined RM1.9 million (in default - 18 months imprisonment) and;
     
     
  2. Eighteen (18) months imprisonment against Hariyah Binti Yaakob (2nd accused) and fined RM3.7 million ( in default - 18 months imprisonment)
     
     
• The court ordered the jail sentence for offences under BAFIA and AMLATFA to run concurrently.
  
  
• The Court also set the date 1 and 2 November 2011 for any third parties to file their claims on the seized assets at the Sessions Court 3, Kuala Lumpur

Bank Negara Malaysia Investigate Mercantile Print Sdn Bhd and Sunshine Empire Sdn Bhd and Its Related Companies

• Case was continued heard at Kuala Lumpur Sessions Court.

• Case was continued heard at Kuala Lumpur Sessions Court

• Case was heard at Kuala Lumpur Sessions Court.

Next hearing date is set on 21-22 March 2011.

• Case was mentioned at Kuala Lumpur Sessions Court.

Mercantile Point Sdn.Bhd has been ordered to enter their defence.
The hearing dates is set as follows:-
i) 27 January 2011; and
ii) 7-8 February 2011.

• The Sessions Court ruled that the prosecution has established a prima facie case of illegal deposit taking and money laundering against Mercantile Point Sdn.Bhd. and its directors, Rusdie Ganning and Hariyah Yaacob

Mention dates for trial is set on 22 December 2010.

• The Court had postponed its decision.

• The Court had postponed its decision.

New date is set on 26 November for its decision.

• AMLATFA case was heard at Kuala Lumpur Sessions Court.
• The prosecution closed its cases (AMLATFA & BAFIA) on 18 August 2010, and now awaiting for the defence to file their submission by 24 September 2010.
• The prosecution will reply to the submission by 12 October 2010 while the defence will reply back by 26 October 2010.

The Court will give its decision on 12 November 2010.

• AMLATFA case was heard at Kuala Lumpur Sessions Court.

• BAFIA case was heard at Kuala Lumpur Sessions Court and completed. Next trial will hear for AMLATFA case.

• Case was heard at Kuala Lumpur Sessions Court and trial has begun from 3 to 4 November 2009.

Next trial dates have been set on 21 - 23 December 2009.

• Case was heard at Kuala Lumpur Sessions Court and trial has begun from 26 to 27 October 2009.

Next trial dates have been set on 3 & 4 November 2009.

• Case was heard at Kuala Lumpur Sessions Court and trial has begun from 20 to 31 July 2009.

Next trial dates have been set as follows:

i) 26 & 27 October 2009; and
ii) 3 & 4 November 2009

15 January 2009

• Its directors, Rusdie Ganning and Hariyah Yaacob, were charged at the Kuala Lumpur Sessions Court for an offence under Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• Hariyah Yaacob was charged with 18 counts and Rusdie Ganning was charged with 11 counts of money laundering activities.

The court has set the hearing of AMLATFA case to be heard together with the BAFIA case as follows:-

i) 20 to 24 July 2009; and
ii) 27 to 31 July 2009.

The court maintained the earlier bail of RM100,000 with one surety.

22 December 2008

• Case was re-mentioned at Kuala Lumpur Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

The trial dates have been set as follows: -

i) 21 to 24 July;
ii) 27 to 31 July; and
iii) 10 to 14 Aug 2009.

Bail amount for each accused was set at RM300,000

12 November 2008

• The company and its directors, Rusdie Ganning and Hariyah Yaacob were charged at the Kuala Lumpur Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989.

Bail amount for each accused was set at RM300,000 (later reduced to RM100,000) with one surety.
Re-mention date was set on 22 December.

2 April 2008

• Mercantile Point Sdn. Bhd was raided on suspicion of conducting illegal deposit taking and money laundering activities.

Ongoing Investigation.

Hitech Objective Enterprise (HTO)

• Case was fixed for mention to confirm marking of exhibits tendered by prosecution for the AMLATFA case at Melaka Sessions Court 3

Court confirmed the marking of exhibits

14 Oct 2011 was fixed for defence to file their submission

21 Oct 2011 was fixed for prosecution to file their submission

31 Oct 2011 was fixed for the Court to hear any reply from the defence and for the Court to deliver its decision at the end of the Prosecution’s case

• Case was heard at Melaka Sessions Court 3

• Case was heard at Melaka Sessions Court

Prosecution closed its case for the BAFIA offence.

Trial will resume on 8 & 9 September 2011 for the hearing of the prosecution case for the AMLATFA offence.

• Case was heard at Melaka Sessions Court.

• Case was heard at Melaka Sessions Court.

• The trial has been postponed to another date.

• The trial has been postponed to another date

• The case was re-mentioned as new counsel was being appointed by the accused.

New trial dates have been set on:
(i)   7 - 8 September 2010
(ii)   6 - 7 October 2010

• The trial has been postponed to another date.

• The defense counsel asked for postponement from the court.

The trial dates have been set from 1 - 4 March 2010.

• The cases were mentioned at Malacca Session Court. Prosecution team asked for the cases, under BAFIA and AMLATFA to be jointly tried.

• Basri bin Samsudin was charged at Petaling Jaya Session Court for offence under section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

• Mohd Riezuan Jalil & Basri Samsudin were charged at Kuala Lumpur Session Court for offence under section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

• The cases were mentioned at Melaka Session Court. Deputy Public Prosecutor informed the court that the accused will be facing another charges at Kuala Lumpur Session Court and Petaling Jaya Session Court.

• 2 out of 3 partners of Hitech Objective Enterprise (Mohd Riezuan Jalil & Basri Samsudin) were arrested and charged at Melaka Session Court for offences under section 25(1) of Banking and Financial Institutions Act 1989 (BAFIA) and section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

• Hitech Objective Enterprise was raided on suspicion of conducting illegal deposit taking and money laundering activities.

AB Fund

• Case was mentioned at Kuala Lumpur Sessions Court. Court of Appeal had ruled in favour of prosecution on judgement of BAFIA charges on 27 Oct 2011.

Bank Negara Malaysia and Securities Commission Malaysia Investigates AB Fund for Illegal Internet Investment Activities

• Case was postponed to another date.

• Case was mentioned at Kuala Lumpur Sessions Court.

• Case was heard at Kuala Lumpur Sessions Court and completed.

• Case was heard at Kuala Lumpur Sessions Court

• Court had set new trial dates upon application by the accused to bring the trial dates earlier

11 October 2010

• Case was postponed to another date.

20 April 2010

• Case was postponed to another date.

• Case was postponed to another date.

• Case was postponed due to the change of accused's decision to contest.

• Cases under BAFIA & AMLATFA were re-mentioned at Kuala Lumpur Sessions Court.

Hearing for AMLATFA cases are stayed upon disposal of BAFIA case.

The hearing date for BAFIA case was set from 3 - 7 August 2009.

25 November 2008

• The trial was postponed due to a representation from the defense on the change of plea.

Next mention date was set on 27 February 2009.

15 July 2008

• All the AMLATFA charges mentioned at the Petaling Jaya Sessions Court were transferred to Kuala Lumpur Sessions Court for joint trial.

The trial date will be from 25-28 November 2008.

11 June 2008

• The operator, Wong Pei Hur was charged in Petaling Jaya Sessions Court with 11 counts under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) involving an amount of more than RM800,000.

Next mention date was set on 15 July 2009.

10 June 2008

• The operator, Wong Pei Hur was charged in Kuala Lumpur Sessions Court with 2 counts under the Banking and Financial Institutions Act (BAFIA) 1989 and 9 counts under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) involving an amount of more than RM2million.

Trial date has been fixed on 25 November 2008 to 28 November 2008.

11 June 2007

• Bank Negara Malaysia in a joint operation with the Securities Commission and Polis Diraja Malaysia had conducted a raid on AB Fund for suspected illegal deposit taking and illegal investment activities.

Ongoing Investigation.

G-Gold Gallery Sdn Bhd

• Case was mentioned at Ipoh Sessions Court

Bank Negara Malaysia Investigating G-Gold Gallery Sdn Bhd

Latest on G-Gold Gallery Sdn Bhd and its Related Companies

• Case was mentioned at Ipoh Sessions Court

• Case was mentioned at Ipoh Sessions Court and the Court fixed another date for re-mention of the case.

Next mention date is set on 11 March 2011.

• The trial has been postponed to another date.

Next mention date is set on 21 January 2011.

• The trial has been postponed to another date.

Next mention date is set on 29 December 2010.

• The trial has been postponed to another date.

Next mention date is set on 17 December 2010.

• The Court set another date to hear submission from the defense.
• The trial date was also set by Court Judge.

Next hearing date for the submission is set on 30 June 2010 at Ipoh Sessions Court.

Next trial date is set from 19 - 22 October 2010.

3 March 2010

• Case was postponed due to representations submitted by the defense.

Next mention date is set on 2 April 2010 at Ipoh Sessions Court.

• All the charges under the Banking & Financial Institution Act 1989 (BAFIA) and Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) in Kuala Lumpur Sessions Court have been transferred to Ipoh Sessions Court.

10 November 2008

• Case was mentioned at Kuala Lumpur Sessions Court for offences under the Banking & Financial Institution Act 1989 (BAFIA) and Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
• Defense counsel submitted representation.

New mention date was set on 3 June 2009.

15 September 2008

• Case was mentioned at Ipoh Sessions Court for offences under Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

Trial dates have been set as follows: -

i) Daniel Choong Yew Chee on 5 to 7 August 2009; and

ii) Khoo Ban Sean Benny on 10 & 11 August 2009.

12 August 2008

• G-Gold Gallery Sdn Bhd's director, Khoo Ban Sean Benny was charged with Kuala Lumpur Sessions Court with 1 count under the Banking & Financial Institution Act 1989 (BAFIA) and 296 counts under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

He was released on RM1 million and RM500,000 bail with 1 surety for charges under AMLATFA and BAFIA respectively.

He was also ordered to surrender his passport.

25 June 2008

• G-Gold Gallery Sdn Bhd's director, Daniel Choong Yew Chee was charged in Kuala Lumpur Sessions Court with 2 counts under the Banking & Financial Institution Act 1989 (BAFIA) and 296 counts under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

He was released on RM1 million and RM500,000 bail with 1 surety for charges under AMLATFA and BAFIA respectively. He was also ordered to surrender his passport.

23 June 2008

• Another director of G-Gold Gallery Sdn Bhd, Daniel Choong Yew Chee was charged in Ipoh Sessions Court with 94 counts under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

He was released on RM1 million bail with 1 surety and was ordered to surrender his passport.

19 June 2008

• One of the director of G-Gold Gallery Sdn Bhd, Khoo Ban Sean Benny was charged in Ipoh Sessions Court with 94 counts under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) AMLATFA.

He was released on RM1 million bail with 1 surety and was ordered to surrender his passport.

11 May 2006

• Bank Negara Malaysia, in a joint operation with Polis Diraja Malaysia, is investigating G-Gold Gallery Sdn Bhd and its related companies suspected of conducting illegal deposit taking and money laundering activities under the Banking And Financial Institution Act 1989 (BAFIA) and Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

Ongoing Investigation.

1 December 2010

• The 3rd party claims on all the seized assets under AMLATFA 2001 still on going

7 April 2010

• Criminal Sessions Court No. 4 in Seremban, Negeri Sembilan has set another date to hear any third party claims on all the seized assets under the AMLATFA 2001.

24 February 2010

• Criminal Sessions Court No. 4 in Seremban, Negeri Sembilan has set another date to hear any third party claims on all the seized assets under the AMLATFA 2001.

• Criminal Sessions Court No. 2 in Seremban, Negeri Sembilan has agreed to hear any third party claims on all the seized assets, before being forfeited, in line with the provision under subsection 61(2) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

The hearing date for third party claims is set on 24 February 2010 at 9.00 am at Seremban Sessions Court No. 2.