Eight of the arrested held “Datuk” and “Datuk Seri” titles, including Liow’s own brother.
- 70 raids conducted, 68 individuals arrested – six “Datuk”, two “Datuk Seri”, including Liow’s younger brother
- Pistol, bullets, RM773,145 cash, luxurious vehicles worth RM6.67 million seized
- 41 bank accounts frozen
- Liow has ties with “Broken Tooth”, an organised-crime leader
- Liow’s net worth speculated to be RM1 billion in company assets and illegal proceeds
- 34 individuals from various law enforcement and government agencies in cahoots with Liow
- Following information leaked to him, Liow transferred a large sum of his wealth out of the country
Police have busted an organised crime group called the “Nicky Gang”, with the arrest of 68 individuals and seizure of hundreds of thousands of ringgit in cash and assets worth millions in 70 raids conducted in Selangor and the Klang Valley.
Describing this gang as violent and dangerous, Inspector-General of Police, Tan Sri Abdul Hamid Bador said the Nicky Gang was believed to be involved in international organised crime, Macau Scam and money laundering.
“In this operation, 70 raids were conducted to track down and arrest the gang members led by Datuk Seri Nicky Liow Soon Hee, aged 33, and also the founder of the Winner Dynasty Group, which is headquartered in Setiawalk Puchong, Selangor.
“We also seized a Glock 17 pistol, a magazine containing nine bullets and cash in various currencies valued at RM773,145 and luxurious vehicles worth RM6.67 million,” he said at a special media conference in Bukit Aman today.
Following this, police are on the hunt for Datuk Seri Nicky Liow Soon Hee, who is believed to still be in hiding in the country.
Those arrested in the operation conducted from March 20 to 28 were 48 individuals under the Security Offences (Special Measures) Act (SOSMA) 2012, 11 Chinese nationals and one from Myanmar under the Immigration Act 1959/63, and eight locals for drug offences after urine tests conducted found them to be positive for drugs.
According to Abdul Hamid, Liow has alleged ties with a transnational organised crime leader known as Wan Kouk-koi @ Broken Tooth.
Wan rose to infamy amid a surge of gang violence in the gambling enclave of Macau in the late 1990s.
He was subsequently arrested — at the time he was the head of the Macau branch of the Hong Kong-based 14K Triad organised-crime group and founder of the World Hongmen History and Culture Association.
Wan had spent 14 years in prison for triad membership and money laundering, among other crimes before he was released in December 2012.
He is rumoured to be based in Cambodia presently and reportedly has been involved in illicit gambling and drug activities.
In December last year, the United States Treasury Department blacklisted and imposed sanctions on Wan’s World Hongmen History and Culture Association for anti-corruption purposes, which officials said was an effort by the 14K Triad to legitimise itself.
Abdul Hamid said investigators also discovered that Wan had appointed Liow as vice president of the World Hongmen History and Culture Association in January 2019.
Further investigations revealed that multiple Macau Scam transactions were all traced back to shell companies linked to the aforementioned association.
Touching on the modus operandi, Abdul Hamid said the syndicate would target investors from China by promising them huge returns through investments in cryptocurrency, real estate and the foreign exchange market.
He said it was speculated that Liow’s net worth amounted to some RM1 billion in company assets and illegal proceeds.
While Liow has thus far managed to evade capture from the authorities, Abdul Hamid assured that this will change soon and Liow would face the full brunt of the law since most of the latter’s criminal syndicate were in tatters following the mass arrests and seizures conducted.
On the raids, Abdul Hamid said a total of 68 individuals were arrested, with six of them holding “Datuk” titles and two with “Datuk Seri” titles, including Liow’s own brother.
In addition, 48 of the suspects are currently detained under the Security Offences (Special Measures) Act (Sosma).
Police also managed to freeze 41 bank accounts believed to be used to channel funds for illicit purposes.
He also revealed a total of 34 individuals from various law enforcement and government agencies were in cahoots with Liow, before promising stern action would be taken against them at the soonest.
“One of the officers involved had leaked information to Liow, thus providing the suspect ample time to transfer a large sum of his wealth to an undisclosed location,” he added.
The top cop said such police measures were necessary to convince the public that the authorities are serious in their duty to combat money laundering and organised crime, especially for an individual as prominent as Liow.
“There have been many criticisms against the police on their inaction against such blatant criminal activities and this gives a bad impression for someone as prominent as Liow who seemed to be allowed to do as he pleased without any repercussion.
“I would like to stress again, our measures to curb said criminal activities will only intensify further and I vow that this case will be investigated to its fullest extent,” he said.
Liow was previously arrested for assaulting two People’s Volunteer Corp (Rela) members who were on duty at the Kou Ong Yah temple in Kuala Lumpur about four years ago.
He was later acquitted and discharged.