SC seeks public, Interpol assistance to find Asia Media founder Wong
(theedgemarkets.com April 27, 2020 13:42 pm +08)
KUALA LUMPUR (April 27): The Securities Commission Malaysia (SC) is seeking information or assistance from the public to establish the whereabouts of Asia Media Group Bhd founder Datuk Wong Shee Kai, also known as Ricky Wong.
The SC said in a statement Wong is a wanted person and currently at large, in connection with offences under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).
Since April 3, the SC has sought Interpol’s assistance to find Wong, following the issuance of a warrant of arrest against Wong by the Kuala Lumpur Magistrate’s Court on Dec 27, 2019.
This comes as Wong had failed to appear before the SC’s investigating officer as required under Section 32(3)(a) of AMLATFPUAA.
“If found to be in breach of Section 32(3)(a) of AMLATFPUAA, Wong will, upon conviction, be liable to a fine not exceeding RM3 million or imprisonment for a term not exceeding five years, or both, under Section 32(8) of the same act,” the SC said.
Members of the public with any information on Wong are encouraged to notify the SC of his whereabouts by calling 012-3812497/012-9105362 or emailing the SC at aduan@seccom.com.my.
Information received from the public will be protected under the Whistleblower Protection Act 2010, which protects whistle-blowers by ensuring information received is confidential, and offers immunity from civil and criminal action as well as protection against detrimental action.
Asia Media fell into Practice Note 17 status after the loss of its major business, resulting in the company being unable to continue to operate its transit TV network and advertising business.
In an extraordinary general meeting on July 25, 2019, shareholders of Asia Media agreed to oust Wong from the company's directorship and relinquish his chief executive officer post.
Meanwhile, Wong still holds a 32.94% stake in Bright Packaging Industry Bhd through his private vehicle Wong SK Holdings Sdn Bhd.
Securities Commission to freeze RM170 mil assets of Asia Media founder FMT Reporters -May 10, 2020 3:41 PM facebook sharing button twitter sharing button whatsapp sharing button sharethis sharing button
The Securities Commission says the order stems from its suit against the defendants in relation to securities fraud offences involving Bright Packaging Industry Berhad. KUALA LUMPUR: The High Court here has allowed the Securities Commission Malaysia (SC) an interim order to freeze about RM170 million assets of businessman Wong Shee Kai, who is currently still at-large, and two others for a statutory offence.
SC, in a statement today, said the order stems from the SC’s suit against the defendants in relation to securities fraud offences involving Bright Packaging Industry Berhad, under Section 179 of the Capital Markets and Services Act (CMSA).
The ex-parte order prohibits Wong, also known as Ricky Wong, his mother Teh Sew Wan, and a company owned by them, Wong SK Holdings Sdn Bhd, from dealing with assets and properties to the tune of RM169,223,500.
Wong, who holds a Datuk title, is said to be the CEO and founder of Asia Media, the largest transit-TV network in the country.
Businessman Wong Shee Kai. Judicial Commissioner Anand Ponnudurai also ordered that the three defendants must disclose a full, complete and accurate account of their assets within and outside Malaysia.
The order will bind all the defendants and also prohibit any person from knowingly assisting or permitting any dealings with the defendants’ assets and properties.
Lawyer Lim Chee Wee, who represented SC , also said the order also disallowed banks from exercising their right to set-off any facility they may have given to the defendants.
He said the SC filed the suit on Tuesday and obtained the ex-parte order on Friday.
The court further held that service of this order on all defendants is deemed valid as if it has been advertised in an English newspaper during the ongoing movement control order period.
Last month, the SC also sought public assistance to track down Wong, who is wanted in connection with offences under anti-money laundering laws.
The call was made after the SC had obtained a warrant of arrest, issued against Wong, from a magistrate in late December for failure to appear before the SC’s investigating officer.
If free fall, how to run? No point to run. If the company still having business and their cash in hand is 0.25/ share we have nothing lose right? Still have asset in hand?
What's happening now is karma. Does nobody knows what has happened with his father many years ago? Does anybody know who his father is? Also who are his families?
his friend stabbed him with a Rambo knife,lagi tak mati this crook.many lagi should tangkap,put them in jail and rotan or else so low fine cannot deter them from doing again and again,just like that fella who just sold G3
169 million kena suspense,,,,wow,,,,bursa must be a gold pot to all those crooks,,,,
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Posted by tuapuikia > 2020-04-16 15:23 | Report Abuse
Can in some, as the packaging industry still doing good. Look at the goods sold at the hypermarket