A COMPANY and its four directors were charged in the George Town Sessions Court with 94 counts of laundering RM20.3 million between January 2019 to December 2022.

Domestic Trade and Cost of Living Ministry director-general Azman Adam said Quinton Group Sdn Bhd along with its four directors – Tan Kwong Yeow, 35, Ooi Chuen Chie, 35, Lim Shing Yee, 31, and Seow Ming Cjoy, 32, were brought before the court on October 18.

Azman said in a statement today all four pleaded not guilty to the charges read before judge Mazdi Abdul Hamid, who fixed December 1 for re-mention.

“All of the accused are alleged to have received money from illegal proceeds amounting to RM2.08 million from a current account belonging to Quinton Group Sdn Bhd from 2019 to 2022.

“All directors of the company were also accused of using money from illegal sources, amounting to RM168,681, to acquire eight luxury vehicles in that period,” he said.

The charges were made under section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which carries a prison sentence of up to 15 years and a fine not less than five times the amount or not exceeding RM5 million, whichever higher, if convicted.

Azman said the court allowed the directors bail of RM1,748,000 total with one surety each.

“The court also set additional conditions for the accused to report to the police station every month and surrender their passports to the court, and prohibited them from intimidating witnesses,” he said. – Bernama, October 28, 2023.