What specific section of Act 613 allowed for the withdrawal of charges?

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Section 92 of Act 613 Permitted the Withdrawal of Charges Against Nicky Liow

The withdrawal of 26 money laundering charges against businessman Nicky Liow, also known as Liow Soon Hee, was facilitated by Section 92 of the Anti Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613). This provision allowed for the charges to be dropped following a settlement that included a RM10 million compound payment, the forfeiture of a RM647,366 bond, and the confiscation of seized assets.
Settlement Terms and Payment

Following representations made by Liow's legal team, the Attorney General's Chambers (AGC) agreed to a compound of RM10 million. Liow accepted this offer and fulfilled the payment on May 29, 2023. The settlement agreement also stipulated the forfeiture of a bond valued at RM647,366 and the confiscation of assets that had been seized during the course of the investigation into the money laundering activities.
Charges and Legal Proceedings

Liow had been facing a total of 26 charges under Section 4 of Act 613. These charges were initially brought against him at the Shah Alam Sessions Court on April 12, 2022. The case had been scheduled for multiple hearing dates throughout July, August, and September of 2023, indicating a planned progression through the judicial process.
Application of Section 92 and Court Order

In accordance with Section 92 of Act 613, the AGC proceeded to withdraw all charges previously filed against Liow. Subsequently, on June 15, 2023, the Shah Alam Sessions Court formally ordered Liow's release and acquittal from all the counts he had faced, thereby concluding the legal proceedings based on the settlement.

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What specific section of Act 613 allowed for the withdrawal of charges?

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