Cops probing former cooperative members over alleged CBT

Head of the federal police’s anti-money laundering division, Khalil Azlan Chik (3rd from right), showing one of the luxury cars seized by the police.

KUCHING: Police today confirmed that three former members of Cooperative Automobil Kuching Sarawak Bhd (Kokas) are being investigated for the alleged embezzlement of federal funds.

Khalil Azlan Chik, head of the federal police’s anti-money laundering division, said Kokas’ former chairman, secretary and treasurer are being probed under Section 409 for criminal breach of trust.

“We suspect them to have misused RM3.4 million of the cooperative’s funds between 2012 and 2017.

“The funds were meant to be used for automotive workshop modernisation but were instead used for other purposes,” he said in a press conference here today.

Head of the federal police’s anti-money laundering division, Khalil Azlan Chik, showing a luxury watch and other branded items belonging to the suspects which were seized by the police.

He added that the police had searched six premises belonging to the suspects on Aug 22.

They also conducted investigations under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 into 57 individuals and eight entities linked to the suspects for the alleged use of unlawful proceeds.

Police have so far frozen the bank accounts and assets of the three suspects and their allies and confiscated 16 luxury cars, luxury goods and landed properties worth RM6.18 million.