Malaysia

Police officer pleads not guilty to failing to declare digital gold and cryptocurrency assets

DSP charged with two counts of ignoring MACC notice over unexplained RM80,000 crypto investment, digital gold holdings and other undeclared assets

Updated 1 year ago · Published on 25 Sep 2025 4:12PM

Police officer pleads not guilty to failing to declare digital gold and cryptocurrency assets
The cop is accused of wilfully failing to comply with a written notice by failing to identify the source of funds deposited into two company-owned bank accounts - September 25, 2025

A SENIOR police officer pleaded not guilty in the Sessions Court here on Thursday to two charges of failing to comply with a Malaysian Anti-Corruption Commission (MACC) notice requiring him to account for assets including digital gold and cryptocurrency worth over RM80,000.

Deputy Superintendent Mohd Shahril Abu Bakar, 41, entered the plea before Judge Rosli Ahmad after both charges were read out in court.

According to the first charge, he is accused of wilfully failing to comply with a written notice by failing to identify the source of funds deposited into two company-owned bank accounts. The alleged offence took place at the MACC headquarters in Putrajaya on 28 June 2024.

The second charge involves failing to disclose how various assets were acquired, including 716.8261 grams of digital gold stored on the Public Gold platform, a housing loan payment of RM68,000, a cryptocurrency investment of RM80,000 on the Luno platform, and a total of RM111,698.48 across three Amanah Saham Bumiputera (ASB) accounts.

Both charges were brought under Section 36(2) of the MACC Act 2009, which carries a maximum penalty of five years' imprisonment or a fine of up to RM100,000 upon conviction.

Deputy Public Prosecutor Julaila Jamaluddin appeared for the prosecution, while the accused was represented by defence counsel Azrul Zulkifli Stork.

Judge Rosli allowed bail of RM15,000 for both charges with additional conditions, including reporting to the MACC office, surrendering his passport to the court, and refraining from contacting prosecution witnesses.

The case has been fixed for mention on 29 October. - September 25, 2025

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