Judge Norazlin Othman ordered Liow Wei Kin, 30, to be freed after his lawyer, Rajpal Singh, informed the court that his client had paid RM4.147 million to the government in relation to the charges.

Earlier, deputy public prosecutor Shafinas Shabudin requested for all charges against Liow to be nullified and for the court to order a discharge not amounting to an acquittal (DNAA).

She told the court that an agreement had been reached with Liow and that he had paid off the unpaid taxes, a special penalty, fines and compound fine due to the government on July 3 this year.

Rajpal then appealed for the court to grant his client a full acquittal since Liow had paid the sum and the charges had been nullified.

Liow was charged under Section 113(1)(a) of the Income Tax Act 1967 with three counts of incorrectly submitting tax return forms by omitting annual incomes totalling RM2,672,500, which are taxable at RM686,376.45, for the assessment years from 2017 to 2019.

He was also charged with one count of failing to declare RM444,474 in income for tax returns for the assessment year of 2016.

The offence, under Section 112(1) of the same Act, provides for a fine of between RM200 and RM20,000, imprisonment for up to six months, or both, upon conviction.

Liow was also charged with four counts of having direct involvement in transactions involving proceeds from illegal activities amounting to RM779,894.95 under Section 4(1) (a) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

He was charged with committing the offences at the Inland Revenue Board’s (LHDN) Petaling Jaya branch in Bandar Damansara Perdana between May 16, 2017 and May 30, 2020.