Example

Some ccp guy wanna do business
He offer u money every month to be the sole director

Got any implications?

He no scared u takeover that company? Like if he do business good good one day u just say ranks ya biz under my name gtfo kthxbye

dont be the fall guy.

As long dun simply sign anything like bank loans..

some people became bankruptcy because of this

Ts, if I were u. I be more worried for myself as who is so.generous pay u ever month goyang kaki become sole director

Chances are high that u are being set up.to be the fall guy when the whole thing kantoi.

My advice is just stay away, no such thing as free lunch in this world

Also, u don't want to get involved with this type.of people or even think of betraying them. They normally have connections with the underworld.

This post has been edited by arkasi: Apr 18 2025, 12:16 AM

Same concept as selling your bank account to be a mule. Don’t do it.

Where do we start? There is a full list of potential white collar crimes that you are subjected yourself to.

Everybody has a price but as most of these crimes carry severe sentences, I would say no.

Haha

So when the company is charged with money laundering, are you going to tell the authorities that you're just a 'sleeping director'? Do you realize that, as a director, you have fiduciary duties and legal responsibilities?

Unless u are person capable in the industry or that you are a bumiputra that needed to bid gov linked project or they needed u to bypass USA tariff to export to US

Other then that there’s something wrong
No ppl will walk in n give u free money

make sure they do legit business.

Nominee director with CCP people as director is ok
Sole director nope, unless you know what biz

if the company found to be involving in illegal activities, you as director, even though you don't do jackshit, you are still responsible under the eyes of the law

heard before, too good to be true?

No. You don't own the company if you are not the major shareholder.

My Father in law has friends offered him, but he rejected.

When they got huge debt of owning local institutions, they can flee away easily to their hometown while you stuck here repaying their millions debt with your sdn bhd.

This post has been edited by submergedx: Apr 18 2025, 09:47 AM

got executive n non-exe role

oso independent n non-indie role

u said "sole director" so I assume is executive role, meaning u run all daily operations n is by extension, legal representative of the kompeni

n yet he "offers" u money (besides ur fees as sole director), meaning he's the one pulling the strings behind the curtain

1st off, dis is illegal as defined under the companies act

2ndly, he obviously wan u to b alibaba aka scapegoat if he's planning to do nefarious things

ownself pandai2

thanks

he offer to just be the director so that he can do business

the "director" is just on paper, dont need to do anything, just goyang kaki get money.

u r businessman?

This post has been edited by Knnbuccb: Apr 18 2025, 10:07 AM

those ppl also ccp ppl ah?

actually nowadays even foreigners can register sdn bhd 100%.... so i was wondering why

so there's no downside for the ccp guys to register someone else as a director?

example, last time i heard before got those companies which require 30% of certain skin kaler, so they just put someone there

then mana tau the guy with skin kaler, go siphon money from the company

ya this one , if the "director" simply sign bank loans and siphon money for himself, the real owner ccp guy will be screwed right?

If you are joining a Sdn. Bhd. company, the Companies Act stipulates that the minimum number of directors is 2. Shareholders have the ultimate power to remove directors. If you do hanky panky, i.e. failed your fiduciary duties, they can sue you.

Can banks go after you? Yes, only if you signed documents in your capacity as director.

If it is a partnership, then you better run far far away, as your personal assets can be taken by creditors in liquidations, etc.