THREE suspects detained in investigations into money-laundering activities involving a low-cost airline were released on police bail today.

Bukit Aman Commercial Crime Investigation Department director Ramli Mohamed Yoosuf said in a statement two of the suspects were released yesterday while another suspect was released today after the remand order had expired.

A lawyer from an investment company, believed to have connections with the carrier’s co-founder, was reportedly released on police bail last Friday.

On October 26, four individuals, including a lawyer, were arrested and remanded for four days to assist investigations into a case that involved an investment company, i-Serve Technology & Vacation Sdn Bhd, over alleged links to the founder of MYAirline.

Ramli said the four were a treasury assistant, research and development manager, lawyer and shareholder.

On October 17, police confirmed that a “Datuk” who is the co-founder and majority shareholder of MYAirline Sdn Bhd was arrested along with his wife and son to assist investigations under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001. – Bernama, October 30, 2023.