PESTECH has announced that its Chief Executive Officer and Directora have been discharged and acquitted from all charges during a reading at the Session Court of Shah Alam.
The court ruled that Mr. Lim Ah Hock, Mr. Lim Pay Chuan and Mr. Paismanathan Govindasamy are discharged and acquitted from all charges against them with immediate effect.
Mr. Lim Ah Hock, the Executive Chairman, and Mr. Lim Pay Chuan, the Managing Director and Group Chief Executive Officer of the Company were charged for allegedly committing offences under Section 109 read together with Section 403 of the Penal Code.
The Chief Executive Officer of PESTECH Technology Sdn. Bhd., Mr. Paismanathan Govindasamy was charged under Section 403 of the Code, Section 16(b)(B) of the Malaysian Anti-Corruption Commission Act 2009 and Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
The directors were investigated on the Payments paid to a consulting company amounting to RM10.6 million. PTECH was alleged to have made the payments for works not rendered by the consulting company. Both were alleged to have abetted the CEO of PTECH for the Payments.
On 9 November 2022, there are four charges brought against the CEO of PTECH under Section 403 of the Penal Code while notices dated 25 January 2023 were served to Ah Hock and Pay Chuan to be present at Sessions Court.
