SC charges former director, CEO with laundering over RM119mil


Securities Commission Malaysia building at Kuala Lumpur.

PETALING JAYA: The Securities Commission (SC) has charged Ang Jen Chuen and Syaiful Riezal Ahmad with 11 offences of money laundering worth more than RM119mil.

In a statement, the SC said the two were charged with receiving proceeds of unlawful activity under section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities 2001.

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