More arrests made related to Malaysia airline collapse


More arrests made related to Malaysia airline collapse

Saturday, 26 Oct, 2023 0

Malaysia Federal police have made four more arrests in ongoing money laundering investigations  tied to an airline collapse.

It relates to the recent collapse of budget carrier MYAirline.

MYAirline co-founder Datuk Allan Goh Hwan Hua and his family were arrested recently over suspected money laundering.

The airline abruptly shut down leaving hundreds of customers stranded.

Four more people have just been arrested.

Three are employees of affiliated company i-Serve Technology & Vacation Sdn Bhd, while the other is a lawyer representing i-Serve Technology.

The employees also held directors’ positions at various firms owned by the MYAirline co-founder.

Goh is also a shareholder in i-Serve.

He was arrested and bailed earlier this month with investigations still ongoing.

He is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act.

MYAirline collapsed on 12 October and promised refunds to customers.

However, it has been unable to process the refunds worth about RM22 million due to lack of funds.



 

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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