KUALA LUMPUR: Police have so far received 115 reports involving a total loss of RM118.6 million related to investments in i-Serve, associated with the co-founder of the MyAirline aviation company.
Federal Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said ongoing investigations into the case include tracking financial movements.
"For now, the total of 10 individuals detained previously remains unchanged, with no new arrests or seizures. The case is still under investigation.
"It involves the tracing of funds, accounts, and various financial forensics, and these aspects are currently being conducted," he told reporters.
As of Nov 6, police had detained 10 people, including lawyers and i-Serve staff, for their connection with the investment company, including the main suspect, a 57-year-old Datuk.
Ramli had previously said police had seized 12 vehicles from two suspects, documents related to i-Serve Technology and Vacation Sdn Bhd, six luxury watches, eight luxury handbags, two laptops, one CPU, and 10 items of jewellery.
Investigations into i-Serve and its associated network of companies began on Oct 17 when the co-founder of the low-cost airline company was arrested with his wife and son at their residence in Shah Alam, Selangor.
The case is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001.
In November 2021, Bank Negara Malaysia (BNM) raided 22 premises owned by I-Serve Online Mall Sdn. Bhd., in Selangor and the capital city, as part of an investigation into the e-commerce company's suspected unlicensed investment activities involving illegal deposits.
Several related documents were also seized, and 45 accounts across seven banks were frozen, with a total of RM118.7 million in cash confiscated.