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KUALA LUMPUR, May 10 – The Kuala Lumpur High Court has issued a provisional order to the Malaysian Securities Commission (SC) to freeze the assets of Datuk Wong Shee Kai, or better known as Ricky Wong.
The grant was made on May 8, 2020 and stems from SC’s lawsuit against the defendants regarding securities fraud crimes involving Bright Packaging Industry Berhad under Section 179 of the Capital Markets Act and 2007 Services (CMSA).
“The order, obtained under CMSA Section 360, prohibits Wong, his mother Teh Sew Wan, and a company he owns, Wong SK Holdings Sdn Bhd, from dealing with assets and property worth RM169,223,500.00.
“In granting the order, Judicial Commissioner Anand Ponnudurai also required all three defendants to disclose a complete, complete and accurate account of their respective assets inside and outside Malaysia,” the SC said in a statement.
“This order will compel all defendants and will also prohibit anyone from knowingly assisting or permitting any dealings with the accused’s assets and property.”
On December 27 of last year, the Kuala Lumpur Magistrates Court issued an arrest warrant for Wong for failing to appear before the SC investigating officer as required by law.
Wong was wanted under the Anti-Money Laundering, Anti-Terrorist Financing and Product of Illegal Activities Act (AMLATFPUAA) of 2001 for money laundering. He is the founder of the streaming, advertising and digital media company Asia Media Group Bhd.
