Three internet company directors charged with laundering over RM122 million

KUALA LUMPUR: Three industrial internet company directors were charged at two Sessions Courts in Ampang here yesterday with 11 counts of money laundering involving over RM122 million, seven years ago.

Teow Ee Meng, 27; Kau Fong Seng, 35; and Wong Weng Torng, 38, however, pleaded not guilty and claimed trial to all charges.

The charges against Teow and Kau were read before Judge Azrul Darus, while the charges against Wong were read before Judge Suzana Hussin.

The trio, as directors of MFace International Sdn Bhd, was charged with receiving money totalling RM122,883,092 allegedly from the illegal activity at Maybank in Pandan Indah here, between Nov 6, 2012, and May 1, 2017.

They were charged under Subsection 4(1)( b) of the AntiMoney Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which carries a maximum jail term of 15 years or fine of RM5 million or five times the amount of money involved, whichever is higher, if convicted.

Teow and Kau were each allowed bail of RM600,000, while Wong RM500,000, with one surety.

They were also ordered to surrender their passports to the courts and to report themselves at the nearest police station every month until the case was solved.

July 11 was set for remention. — Bernama