PUTRAJAYA, Aug 7 — Businessman Liow Soon Hee, better known as Nicky Liow, paid RM10 million to settle money laundering charges after the Attorney General’s Chambers (AGC) accepted his representation and withdrew 26 counts against him.
In a statement today, the AGC said the decision was made in accordance with the Attorney General’s discretionary powers under the Federal Constitution following a detailed review of representation letters submitted by Liow’s lawyers, Tetuan Rajpal, Firah & Vishnu, dated December 15, 2022, and April 6, 2023.
Liow had faced 26 charges under Section 4 of the Anti Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613) at the Shah Alam Sessions Court on April 12, 2022.
The case had been scheduled for hearings on July 6 and 31, August 1 to 3, August 7 to 10, and September 25 to 27, 2023.
Following the representations, the AGC agreed to offer a compound of RM10 million, which Liow accepted and paid on May 29, 2023. The settlement also included the forfeiture of a bond worth RM647,366 and the confiscation of assets seized during investigations.
In line with Section 92 of Act 613, the AGC subsequently withdrew all charges against Liow. On June 15, 2023, the Shah Alam Sessions Court ordered that he be released and acquitted of all counts.
The AGC stressed that the decision was made independently and based on evidence obtained through comprehensive investigation, without external pressure or public sentiment.
It said the process was conducted professionally and with integrity, in accordance with existing laws, to ensure transparency and uphold justice within Malaysia’s legal system.
The statement also referred to an article published by Free Malaysia Today on August 5, 2026, titled “30 CSOs urge AG to explain DNAA for Nicky Liow”, reiterating that Liow was not released without legal action but only after fulfilling all conditions set under the law.
