How did Ku Chin Wah acquire assets beyond his RM12,000 salary?

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Ku Chin Wah's Assets Acquisition Beyond Salary Under Scrutiny

Former Kuala Lumpur Criminal Investigation Department chief Datuk Ku Chin Wah is facing charges related to money laundering for failing to disclose the sources of income used to acquire substantial assets, which include ten properties in Malaysia. These assets were declared despite his monthly salary being RM12,107.81, with his wife earning an additional RM8,000 per month. The acquisition of these assets is the subject of the ongoing legal proceedings.
Declared Immovable Properties

Ku Chin Wah's declared immovable properties encompass a diverse range across Malaysia. These include a terrace house in Kota Kinabalu, the Seri Kenangan apartment in Wangsa Maju, a house in Puchong, a low-cost shop in Kampung Sentosa, Serendah, and a shop house in Bandar Permai, Malacca. Additionally, his declarations listed an apartment at Jalan Megah in Kuala Lumpur, a service apartment at Swiss Garden Residences, and a service apartment in Bangsar South. The declarations also specified two plots of land designated for bungalow construction, one located in Kuala Lumpur and the other in Kundasang, Sabah. It has been noted that some of these properties were registered under his wife's name.
Business Ownership and Shareholdings

Beyond real estate, Ku Chin Wah and his wife were involved in business ventures and held significant shareholdings in various companies. Their asset declaration indicated ownership of three businesses. Furthermore, they were shareholders in prominent listed entities, including Malaysia Airlines Berhad, Genting Bhd, and F&N. The total value of these shareholdings exceeded RM646,000, representing another category of assets acquired during his tenure.
Other Significant Assets

The couple's declared assets also extended to a collection of vehicles and extensive insurance policies. They owned five cars, with specific mentions of a Peugeot 308 and a Hyundai Sonata. In addition to these movable assets, Ku Chin Wah and his wife maintained 18 insurance policies, covering themselves and their two children, indicating a broader financial portfolio beyond their regular income.
Allegations of Undeclared Commission

Central to the money laundering charges is the allegation that Ku Chin Wah failed to declare the acceptance of a commission amounting to RM961,500. This omission was made in a sworn statement dated January 8, 2014. The prosecution contends that this failure to reveal the source of such a significant sum constitutes a breach of anti-money laundering regulations. If convicted under Section 49(3) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, Ku Chin Wah faces potential penalties including a maximum fine of RM1 million, imprisonment for up to one year, or both.

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How did Ku Chin Wah acquire assets beyond his RM12,000 salary?

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