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SC, Public Prosecutor successfully defend freezing order

14 Jan 2020 / 21:22 H.

KUALA LUMPUR: The Securities Commission Malaysia (SC) and the Public Prosecutor (PP) have successfully secured an order to freeze the bank accounts of a director of a company over an ongoing investigation.

The SC said the Shah Alam High Court yesterday allowed the commission to strike out a suit filed by Teh Sew Wan on Aug 24, 2019.

“At the hearing held at the Shah Alam High Court yesterday, the SC and the PP argued that the suit filed by Teh was premature and an abuse of court process as the investigation against Teh is still ongoing.

“In delivering the High Court’s decision, Justice Datuk Che Mohd Ruzima agreed with the SC and ordered for the suit to be struck out,” the SC said in a statement, today.

Teh filed the suit following the freezing and seizure of her bank accounts, initiated by the SC and the PP in accordance to Section 44 and 50 of the Freezing and Seizure Orders under Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).

Teh claimed that the orders under AMLATFPUAA are bad in law and her constitutional rights were infringed. - Bernama

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