The police’s Commercial Crimes Investigation Department (CCID) has stated that it is investigating the transactions involving i-Serve Online Mall to find a paper trail between the troubled e-commerce company and the recently suspended airline MYAirline. Unsurprisingly, both companies are owned by Allan Goh Hwan Hua and his family, who are currently under investigation for money laundering.
The department’s director Ramli Mohamed Yoosuf told Utusan Malaysia that its investigators are looking into whether i-Serve’s networks could have been used for illegal money laundering to fund the nascent low-cost carrier. This follows the remand of another suspect on Monday.
“Preliminary investigation found that the suspect is believed to have conspired with the main mastermind in the i-Serve business as well as the business network in the company since 2018, suspected to be the result of an investment money,” he stated. The director added that the CCID is “conducting further investigations and do not rule out the possibility of making other arrests related to this case in the near future.”
Back in 2021, i-Serve and its affiliates were raided for illegally accepting deposits without a license and were fined a total of RM50 million last October. More recently, Goh, as well as his wife and son, were remanded as they were being investigated for money laundering shortly after MYAirline’s abrupt suspension of its operations. Since then, 15 investors have filed a lawsuit against Goh while authorities are working on ensuring that customers receive their refunds.
(Source: MalayMail)
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