Bank Negara Malaysia today charged Let Seng Enterprises Sdn Bhd and its
director, Koh Chye Teck at the Kota Tinggi Sessions Court under section
4(1) of the Money Services Business Act 2011, for operating a money
services business (money changing) without a valid licence on its
premises at No. 72, Jalan Besar, Sungai Rengit, 81620 Pengerang, Johor.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120810124614/Article/index_html
Published: August 08, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=687124
Published: August 08, 2012
Since coming into force, Let Seng Enterprises Sdn Bhd is the first case
prosecuted under the Money Services Business Act 2011. If found guilty,
the penalty carries a fine not exceeding five million ringgit or
imprisonment for a term not exceeding ten years, or both.
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