Malaysia legislation
Section 29
Section 29
Section 49 of the principal Act is amended—
(a)
in subsection (1), by substituting for the words
“subsection 4(1) or a terrorism financing offence”
the words “subsection 4(1) or 4a(2), a terrorism financing offence or a restricted activity financing offence”;
(b)
by inserting after subsection (3) the following subsections:
“(3a) Where the Public Prosecutor is satisfied on information given to him by an investigating officer to suspect that any person to whom a notice is sent by the Public Prosecutor under subsection (1) owns, possesses, controls or holds any interest in any property which is excessive, having regard to his present and past emoluments or income and all other relevant circumstances, the Public Prosecutor may by a written directions require the person to furnish a statement on oath or affirmation explaining how he was able to own, possess, control or hold such excess.
(3b)
Any person who fails to give a satisfactory explanation on how he was able to own, possess, control or hold any interest in any property which is excessive commits an offence and shall, on conviction, be liable to a fine not exceeding three million ringgit or to imprisonment for a term not exceeding five years or to both.”; and
(c)
in subsections (4) and (5), by inserting after the word
“notice” wherever appearing the words “or directions”.
Amendment of section 50