Accountant charged with helping company under-report RM2.5mil in tax
GEORGE TOWN: An accountant was charged in the magistrate's court here today with assisting and advising a company to prepare income returns that resulted in under-reporting tax of RM2,526,144.24 to the Inland Revenue Board (IRB) in 2021.
George Town: A 63-year-old accountant, Chew Ai Keow, has been charged with aiding a company to under-report RM2.5 million in tax to the Inland Revenue Board (IRB) in 2021. Chew, a partner at accounting firm Abbacus Cloud Solutions, pleaded not guilty to the charge before magistrate Noor Idayu Salim. Prosecutors allege that Chew assisted Penshrimp Fishery Sdn Bhd in submitting income returns to the IRB by excluding RM10.68 million in sales transactions from the company's bank statements.
The alleged actions took place at Hexagon Tech Park, Penang, between January and March 2021. If convicted, Chew faces up to three years in prison and a fine of RM2,000 to RM20,000. The case is set to be heard on October 28.
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