Wintoni lodges police report against ex-director over missing RM53m

PETALING JAYA: Guidance Note 3 (GN 3) company Wintoni Group Bhd, which is not seeking an extension of time for the submission of its regularisation plan, said its executive director has lodged a police report against its former director Datuk Tey Por Yee for possible wrongdoing.
The company told Bursa Malaysia that he is alleged to have caused RM53 million to be unaccounted for and/or misappropriated from the company.
“The police were requested to investigate the potential wrongdoings under the Penal Code and Anti-Money Laundering and Anti-Terrorism Act.”
Separately, Wintoni said its board of directors, having decided that the company cannot by reason of its liabilities continue its business, has appointed Mohd Afrizan Husain of Aftaas Corporate Advisory Services Sdn Bhd as an interim liquidator for the purpose of facilitating a creditors’ voluntary winding up pursuant to Section 440 of the Companies Act, 2016.
The company will be delisted if it fails to submit its regularisation plan to the regulatory authorities on or before Aug 28.