Penal Code Section 422
Dishonestly or fraudulently preventing from being made available for his creditors a debt or demand due to the offender
422. Whoever dishonestly or fraudulently prevents any debt or demand due to himself or to any other person from being made available according to law for payment of his debts or the debts of such other person, shall be punished with imprisonment for a term which may extend to five years or with fine or with both.
Please refer to the Attorney General's Chamber of Malaysia's website for the latest law.