POLICE have arrested another man as part of its ongoing investigations against low-cost carrier MYAirline co-founder Goh Hwan Hua and his family. 

In a statement, Bukit Aman Commercial Crimes Investigation Department director Ramli Mohamed Yoosuf said the latest arrest was made at the suspect’s home in Bangsar earlier this morning. 

“The suspect will be taken to the centralised Jinjang lock-up to be remanded. 

“Investigations are ongoing pertaining to the review of important documents related to i-Serve’s business transactions,” he said in the statement. 

Ramli said the suspect, in his 40s, is a shareholder in i-Serve Online Mall Sdn Bhd (i-Serve). 

In September, i-Serve, along with six affiliated companies, was fined by Bank Negara Malaysia for operating without a proper licence for accepting deposits. Goh is also one of i-Serve’s shareholders. 

Yesterday, Ramli said police are in the midst of freezing 15 bank accounts allegedly owned by MYAirline co-founder Goh. 

He said the funds in the accounts, totalling nearly RM5 million, are believed to be the proceeds of money laundering activities.  

He told Utusan Malaysia these are both private and company accounts. 

“Freezing the bank accounts is a multistep process and will require some time,” he was quoted as saying. 

Last Tuesday, police arrested Goh, who is identified as a MYAirline co-founder and majority shareholder. He reportedly owns private firms Zillion Wealth and Trillion Cove Holdings, which held stakes of 88% and 10%, respectively, in the airline. 

Goh and two family members were remanded for four days to assist in investigations under the Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. 

The remand on Goh ends today, while his 55-year-old wife and 26-year-old son have been released. 

Police began investigating MYAirlines after its sudden suspension of operations at 5.30am on October 12, citing financial problems. 

It left thousands of domestic and regional flight passengers stranded. 

The budget carrier said it would compensate passengers after it secured new investors and pegged refunds at an estimated RM22 million. – October 23, 2023.