POLICE have arrested two more individuals to help in the investigation of a money-laundering case involving i-Serve, an investment company believed to be linked to the co-founder of a low-cost airline.

Bukit Aman Commercial CID director Ramli Mohamed Yoosuf said the suspects were aged 58 and 57 respectively.

He said the first suspect, a man, was arrested at the Immigration Department office at Kuala Lumpur International Airport 2, at about 3am, while the second suspect, a woman, was arrested at a condominium in Sentul at 4.15 this morning.

“Preliminary investigation found that the first suspect had met and befriended a man with the Datuk title more than 25 years ago. The man then admitted that he and the Datuk established I-Serve Payment Gateway Sdn Bhd in 2019.

“The suspect also admitted to acting as a director in three companies, namely Beauty Treasure Sdn Bhd, I-Serve Technology and Vacations Sdn Bhd, and I-Serve Travel & Tours Sdn Bhd,” he said in a statement today.

Ramli said following the arrest of the first suspect, police raided a condominium in Sentul and arrested the second suspect.

“Preliminary interrogation found that the woman was a private sector employee at an insurance company and she did not admit to her involvement in the case being investigated,” he said.

In addition, he said police also confiscated a Mercedes-Benz vehicle, two mobile phones and two passports.

“Both of them will be brought to the Jalan Duta magistrates’ court today, for a remand application,” he said.

On October 17, police arrested a co-founder and shareholder of an airline with the Datuk title, along with his wife and son, to assist in the investigation of a case under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Following that, police arrested another businessman in connection with money-laundering activities involving the airline, but the four individuals were released on police bail.

On October 26, police arrested four more individuals to assist in the investigation into the case – two men and two women aged between 30 and 62 years old. – Bernama, November 6, 2023.