By Timothy Achariam | The Edge Malaysia
The High Court quashed a RM1.96 million fine imposed on CTB Solutions Sdn Bhd director Amirruddin Nin for failing to appear before the Securities Commission Malaysia (SC) for examination relating to a money laundering investigation.
However, it upheld the one-day jail sentence and a RM100,000 fine on Amirruddin for each of the three offences under section 32(8)(a) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, with the jail terms to be served concurrently.
High Court Judge Datuk Muhammad Jamil Hussin made the decision on Wednesday (June 28) after Amirruddin filed an appeal to set aside the conviction and sentence imposed by the Sessions Court last year.
Lawyer Joshua Tay, representing Amirruddin, told The Edge Malaysia that he is waiting for instructions from his client on whether to appeal the jail sentence and RM100,000 fine at the Court of Appeal.
CTB Solutions specialises in providing flexible integrated GPS fleet management solutions for various industries, where Amirruddin, 53, is a director.
In July last year when Amirruddin was charged, the SC had said that the offences were committed between June 15, 2017 and Feb 18, 2020.