S'wak trio under police probe over misuse of co-op funds, CBT charges likely

  • Nation
  • Friday, 20 Sep 2019

SAC Khalil with one of the 16 vehicles seized.

KUCHING: Police are investigating three suspects for allegedly embezzling RM3.4mil in federal funds meant for a cooperative in Sarawak.

Bukit Aman IGP secretariat anti-money laundering division chief SAC Datuk Khalil Azlan Chik said 57 more individuals and eight entities were also being investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (Amlatfpuaa) in connection with the case.

In addition, police have frozen bank accounts and seized assets worth a total RM6.2mil in their investigations so far.

SAC Khalil said police raided six premises around Kuching belonging to the suspects on Aug 22 and seized assets believed to have been unlawfully obtained.

The seized assets included 16 vehicles worth a total of RM763,000, land and property worth RM2.4mil and luxury items and cash worth RM90,650.

"We also froze 71 bank accounts totalling RM2.95mil," he told a press conference at state Commercial CID headquarters here on Friday (Sept 20).

SAC Khalil said funds totalling RM7.5mil were channelled from the Cooperatives Commission of Malaysia to Koperasi Automobil Kuching Sarawak Bhd (Kokas) in stages, starting May 2012, to carry out automotive workshop modernisation and retail shop transformation programmes in the state.

"Between 2012 and December 2017, three suspects comprising the chairman, secretary and treasurer of Kokas were found to have misused RM3.4mil of the funds.

"An investigation under Section 409 of the Penal Code commenced on Sept 21 last year," he said.

On June 26 this year, a follow-up investigation was carried out under Amlatfpuaa against 57 people and eight entities believed to be involved in proceeds of unlawful activities.

Police are continuing to trace the money and investigate the seized and frozen assets under Section 4(1) of AMLATFPUAA, added SAC Khalil.

He also said the three suspects were likely to face criminal breach of trust charges under Section 409 of the Penal Code.

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CBT , coop , arrest , federal funds , Sarawak , police , Khalil Azlan


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