Accountant claims trial to helping firm underpay RM2.5mil in taxes
Chew Ai Keow is accused of assisting Penshrimp Fishery Sdn Bhd in checking and approving sales ledgers that did not include a RM10.67 million transaction.
An accountant, Chew Ai Keow, 63, faced a charge in George Town magistrates court for aiding a company to prepare financial statements which resulted in an understatement of RM2.5 million in taxes. Chew, a partner at accounting firm Abbacus Cloud Solutions, was accused of helping Penshrimp Fishery Sdn Bhd review and approve sales ledgers, omitting a RM10.67 million transaction.
This oversight led to the submission of an inaccurate financial statement to the Inland Revenue Board, underreporting the taxes owed. The offence, under Section 114(1A) of the Income Tax Act 1967, carries a penalty of a fine ranging from RM2,000 to RM20,000, imprisonment for up to three years, or both upon conviction. Chew pleaded not guilty, with charges filed by LHDN prosecuting officer Azniwati Yahya and defended by lawyer N Dylan. Bail was set at RM4,000, with the next mention scheduled for October 28.
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- Accountant claims trial to helping firm underpay RM2.5mil in taxes freemalaysiatoday.com
