When did Nicky Liow pay the RM10 million settlement amount?

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Nicky Liow Paid RM10 Million Settlement on May 29, 2023

Nicky Liow, also known as Liow Soon Hee, fulfilled the RM10 million settlement amount on May 29, 2023. This payment was made subsequent to the Attorney General's Chambers (AGC) accepting a representation from Liow's legal team. Following the settlement, the AGC withdrew all 26 money laundering charges that had been brought against him.
Settlement Terms and Charge Withdrawal

The RM10 million compound offered by the AGC was accepted by Liow, and the payment was completed on May 29, 2023. This settlement agreement also stipulated the forfeiture of a bond valued at RM647,366 and the confiscation of assets that had been seized during the investigation into the money laundering activities.
Acquittal Following Settlement

Upon the successful conclusion of the settlement terms, the AGC proceeded to withdraw all 26 charges against Liow. These charges were originally laid under Section 4 of the Anti Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act 2001. Subsequently, on June 15, 2023, the Shah Alam Sessions Court formally ordered Liow's release and acquittal on all counts.
AGC's Discretionary Powers and Transparency

The AGC stated that the decision to accept the settlement and withdraw the charges was made in accordance with the Attorney General's discretionary powers, as outlined in the Federal Constitution. This action followed a thorough review of representation letters submitted by Liow's lawyers. The AGC emphasized that the process was conducted independently, based on the evidence gathered from a comprehensive investigation, and without succumbing to external pressure or public sentiment.

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When did Nicky Liow pay the RM10 million settlement amount?

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