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Malaysia drops money-laundering charges against Nicky Liow after fine
Authorities say Liow was cleared of 26 money-laundering charges after agreeing to a 10 million ringgit compound, which was paid on May 29, 2023.
Malaysia cleared Liow Soon Hee, known as Nicky Liow, of 26 money-laundering charges after he reached a settlement with prosecutors, triggering public anger over claims of preferential treatment tied to his high-profile appearance with Prime Minister Anwar Ibrahim, according to SCMP Economy. SCMP Economy reports that the Attorney-General’s Chambers said the case was resolved after Liow’s lawyers filed a request under the settlement provisions in relevant laws. The AGC said prosecutors offered a compound totaling 10 million ringgit, and that amount was agreed to by Liow and paid on May 29, 2023. The outlet said the settlement included forfeiture of a nearly 650,000 ringgit bond deposited by Liow, along with assets seized in connection with the case. Liow was captured and charged in 2022 after spending a year on the run, following raids on premises linked to the group authorities dubbed the “Nicky Gang.”