THE four people arrested yesterday to assist in an investigation into a money laundering case involving investment company i-Serve and low-cost carrier MYAirline have been remanded.

Bukit Aman Commercial Crime Investigation Department director Ramli Mohamed Yoosuf said the suspects were two men and two women – all locals – aged between 30 and 62.

“One of the women has been remanded for four days, while the other is being held for three days. The third and fourth male suspects have been remanded for three days and one day,” he said when contacted today.

Ramli said the remand for another suspect, a businessman in his 40s who has been held since October 23, was extended for another four days until Monday.

The suspects comprised a treasury assistant, a finance assistant, a research and development manager, a company lawyer and a shareholder.

On October 17, police arrested the co-founder of the local airline along with his wife and son at their home in Shah Alam to facilitate investigations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

After that, another businessman was arrested, but all of them have been released on police bail. – Bernama, October 27, 2023.