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

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

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


Next In Nation

Wei Lun sets his sights on making it to France Paralympics 2024
Aid will be given soon to victims of Kg Sugud flood, says Hajiji
Covid-19: 80% of Malaysia's adult population fully vaccinated, says PM
No evidence of wrongdoing by Zahid involving millions to Yayasan Akalbudi, says lawyer
Covid-19: 15,759 new cases bring total to 2,127,934
Covid-19: Penang to start vaccinating teens on Wednesday (Sept 22)
Selangor Immigration Dept nabs nine foreigners in Seri Kembangan, Cheras raids
Petrol stations, eateries, convenience stores can open until midnight, says Hisham
Cost of performing Haj to increase due to inflation, Saudi Arabia's regulations
Perak Fire and Rescue Dept preparing for monsoon season, says dept head

Stories You'll Enjoy