The Malaysia Securities Commission has charged Lau Min Thung, formerly Head of Dealing at CIMB Investment Bank in Melaka, with securities fraud and money laundering offences in the Kuala Lumpur Sessions Court. The case relates to alleged fraud involving fictitious bond investments and subsequent use of investor funds for share purchases. Lau faces three charges under Section 179(b) of the Capital Markets and Services Act 2007 for allegedly defrauding three investors into depositing a total of MYR 808,000 for fictitious bond investments, with the offence period stated as February 2013 to April 2014. Separately, he faces three charges under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 for alleged money laundering during the same period. He claimed trial to all six charges and was granted total bail of MYR 200,000, with conditions including surrender of his passport and monthly reporting to the Securities Commission Malaysia’s investigating officer.
Malaysia Securities Commission 2025-03-19
Malaysia Securities Commission charges former CIMB Investment Bank dealing head with securities fraud and money laundering
The Malaysia Securities Commission has charged Lau Min Thung, former Head of Dealing at CIMB Investment Bank, with securities fraud and money laundering in the Kuala Lumpur Sessions Court. The charges involve defrauding investors of MYR 808,000 through fictitious bond investments and laundering the funds for share purchases between February 2013 and April 2014. Lau claimed trial to all charges and was granted bail of MYR 200,000 with conditions.