Razrul was charged with 8 counts of securities fraud under section 179(b) of the Capital Markets and Services Act 2007.

He is alleged to have, indirectly in connection with the purchase of securities, engaged in an act which operated as a fraud upon 5 individuals by falsely representing to the said individuals that he would invest their monies in an investment scheme known as “Amal Trust” which purportedly invested in Shariah-compliant bonds, when in fact their monies were not used for such purpose.

The alleged offence occurred between April 2019 and April 2021.

Razrul was charged with 1 count under section 58(1) of the Capital Markets and Services Act 2007 for holding himself out as carrying on a business in the regulated activity of dealing in securities without holding a CMSL or being a registered person for dealing in securities.

The alleged offence occurred between April 2019 to April 2021.

Razrul was charged with 1 count under section 362(3) of the Capital Markets and Services Act 2007 for allegedly using descriptions on the website of the fictitious.

Amal Trust investment scheme that the scheme complied with securities laws, which created the belief that Razrul was licensed to carry on a business in relation to the regulated activity of dealing in securities when in fact he was not licensed.

The alleged offence occurred between April 2019 to April 2021.

Lau, formerly Head of Dealing at CIMB Investment Bank, Melaka, was charged with 3 counts of securities fraud under section 179(b) of the Capital Markets and Services Act 2007.

He is alleged to have defrauded 3 investors who suffered losses amounting to RM808,000 between February 2013 and April 2014.

Lau allegedly represented to the investors that their monies would be invested in a bond investment which in fact was fictitious. The monies deposited by the investors were instead used by Lau to purchase securities in share trading accounts belonging to other individuals not connected to the investors.

Lau was charged with 3 counts of money laundering under section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 for engaging indirectly in a transaction involving proceeds of unlawful activities.

The alleged offences occurred between February 2013 and April 2014.

Amirruddin was charged at the Kuala Lumpur Sessions Court on 19 February 2020. After a full trial, on 14 July 2022, the Sessions Court convicted Amirruddin on all 3 charges and sentenced him as follows:

• A fine of RM100,000 and 1 day imprisonment for each of the 3 charges (in default of fine, 6 months imprisonment);
• Imprisonment term for all 3 charges to run concurrently; and
• A daily fine of RM2,000 for the 979 days he had failed to appear before an Investigating Officer of the Securities Commission as required, amounting to RM1,958,000 (12 months imprisonment in default).

In total, Amirruddin was required to pay a fine of RM2,258,000.
Following the decision of the Sessions Court, Amirruddin filed an appeal against his conviction and sentence to the High Court. On 28 June 2023, the High Court ordered as follows:

• Conviction and sentence for the first charge is maintained;
• Conviction and sentence for the second and third charge are set aside; and
• Daily fine of RM2,000 for 979 days amounting to RM1,958,000 is set aside.

Amirruddin filed an appeal against the High Court’s decision in affirming his conviction and sentence for the first charge.
The Public Prosecutor simultaneously filed an appeal against the High Court’s decision to set aside Amirruddin’s conviction and sentence in respect of the second and third charge as well as the daily fine.
The appeals were heard before the Court of Appeal on 20 November 2024. Following parties’ respective submissions, the Court of Appeal adjourned its decision to another date.
On 5 March 2025, the Court of Appeal unanimously dismissed Amirruddin’s appeal. The Court of Appeal further allowed the Public Prosecutor’s appeal and ordered as follows :

• The conviction and sentence for the first charge is affirmed;
• The conviction and sentence for the second and third charges be reinstated; and

Abetting one Toh Chun Toh Gordon to engage in an act which operates as a fraud in connection with the purchase of securities (Principal Charge)

Abul Hasan, the director of Multi-code at the material time, was charged with abetting Toh Chun Toh Gordon in engaging in an act which operated as a fraud on Multi-code, in utilizing RM17.6 million of its funds to finance the purchase of 11.1 million Multi-code shares. Abul Hasan also faced an alternative charge of committing criminal breach of trust involving RM26 million of Multi-code’s funds.

On 13 March 2009, Abul Hasan was charged together with Toh Chun Toh Gordon (Gordon).

On 22 September 2011, the Sessions Court Judge convicted both Abul Hasan and Gordon of committing criminal breach of trust under section 409 of the Penal Code. Abul Hasan was sentenced to 6 years’ imprisonment while Gordon was sentenced to 12 years’ imprisonment and also a fine of RM1 million.

Abul Hasan and Gordon filed an appeal to the High Court against the conviction and sentence. The appeal by Gordon has since abated upon his demise on 27 August 2012.

On 29 September 2020, the High Court allowed Abul’s appeal and set aside the conviction and sentence on jurisdictional grounds. On 2 October 2020, an appeal to the Court of Appeal was filed against the acquittal and discharge of Abul by the AGC.

The AGC and SC jointly conducted the appeal hearing at the Court of Appeal on 27 May 2022. On 20 July 2022, the Court of Appeal unanimously allowed the appeal and set aside the decision of the High Court. The Court of Appeal further remitted the case to the High Court for the merits of the case to be heard before another High Court judge.

On 14 August 2023, the High Court allowed Abul’s appeal and set aside Abul’s conviction and sentence by the Sessions Court.

On 17 August 2023, AGC filed a notice of appeal against the decision of the High Court to the Court of Appeal. The appeal has since abated upon Abul’s demise on 15 November 2024.

Money Laundering

1. Havana Bayview Sdn Bhd (Company No. 1091507-M)

2. Wong Shee Kai (NRIC No. 811212-14-5957)

On 3.5.2021, the Public Prosecutor filed a Notice of Motion pursuant to Sections 56,59 and 61 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (“AMLATFPUAA”) against Havana Bayview Sdn Bhd (Company No. 1091507-M) (“the 1st Respondent”) and Wong Shee Kai (“the 2nd Respondent”) to forfeit:

1. A property identified as Hakmilik Induk/Lot Gran 704444, No. Lot 230, Seksyen 58, Bandar dan Daerah Kuala Lumpur dan Negeri Wilayah Persekutuan Kuala Lumpur, No. Parcel 62-2 Four Seasons Private Residences Kuala Lumpur, bearing the postal address of Unit No. 62-2, Four Seasons Place Kuala Lumpur, No. 145 Jalan Ampang, 50450 Kuala Lumpur, in the possession of the 1st Respondent (“Four Seasons Property”); and
2.  A sum of RM445,039.28 in a HSBC bank account belonging to the 2nd Respondent.

 The Hearing of this matter proceeded on 2.9.2024.

On 22.1.2025, the Kuala Lumpur High Court allowed the Public Prosecutor’s application and forfeited the Four Seasons Property and the sum of RM445,039.28 in the 2nd Respondent’s HSBC bank account.

Following an oral application made by the 1st Respondent and the 2nd Respondent, the Kuala Lumpur High Court granted an interim stay of its decision pending the hearing of the Respondent’s application for a stay of execution of judgment.