Domestic trade and cost of living director-general (enforcement) Azman Adam said Quinton Group Sdn Bhd, along with its four directors, namely Tan Kwong Yeow, 35, Ooi Chuen Chie, 35, Lim Shing Yee, 31, and Seow Ming Cjoy, 32, were brought before the court on Oct 18.

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

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

“All the directors of the company were also accused of having used money from illegal sources amounting to RM168,681 to acquire eight luxury vehicles during 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.

Offenders can also be fined not less than five times the amount of the proceeds or a fine not exceeding RM5 million, whichever is higher.

Azman said the court allowed all the accused to be bailed out for a total of RM1,748,000, with one surety for each accused.

“The court also set additional conditions for all the accused to report to the police station every month and surrender their passports to the court.

“They are prohibited from intimidating the witnesses in any way,” he said.