In a statement today, the Companies Commission of Malaysia (SSM) said Teo Tzi Sin, 48, and Wong Poh Wah, 49, of Sea Tackle Sdn Bhd, were charged under Section 218(1)(c) of the Companies Act 2016, read with Section 34 of the Penal Code, for abusing their position as company directors for self-benefit.

It said the bonus payment was made together with their salary payment on Jan 30, 2018.

Teo and Wong had initially pleaded not guilty to the charge at the sessions court here last March, according to Bernama.

However, the couple changed their plea on Dec 13 and Judge Norina Zainol Abidin set Dec 20 to hear the facts of the case and sentencing.

The prosecution was conducted by prosecuting officers Nurul ‘Ain Shafie and Nurul Nabila Azmi, from SSM, while Teo and Wong were represented by lawyer Ong Weng Li.

Teo and Wong paid the fine.