KUALA LUMPUR – Police are in the midst of identifying assets belonging to one of the MYAirline founders, and his wife and son, which are believed to be proceeds from money-laundering activities.
Bukit Aman’s commercial crime investigation department director Datuk Seri Ramli Mohamed Yoosuf said a thorough investigation is being carried out to trace any assets, including bank accounts and property, belonging to the trio – the 57-year-old “Datuk”, 55-year-old wife and 26-year-old son.
The four-day remand order on the trio ends today but Ramli has confirmed that it will be extended until tomorrow for the businessman. His wife and son were released today without any remand extension.
He added that police are also investigating the modus operandi used by the trio in collecting illegal deposits involving one of the founder’s business networks for the past three years, reported Utusan Malaysia.
They will also call several individuals comprising business associates and investors to help with the investigation.
“The investigation also looks into the type of offences committed including the money trail. We are in the process of identifying and seizing any assets belonging to suspects believed to be gained from money-laundering activities, but this will take time.”
Previously, Ramli said the three have been detained to facilitate investigations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
The trio were arrested at their residence in Shah Alam at about 5.30pm last Tuesday.
Low-cost carrier MYAirline had announced a sudden suspension of its operations on October 12. In a statement then, its board of directors said the decision was taken due to financial pressures. – October 21, 2023