KUALA LUMPUR: Police have not ruled out the possibility of further arrests in connection with a money laundering case involving the i-Serve investment company that is believed to be linked to the co-founder of a low-cost airline.
Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said this was the latest development after it received 82 new police reports regarding the case involving an estimated RM87 million in losses.
He said police are investigating to find out in detail the role of each person involved with the company.
“Several arrests will be made but it depends on our investigation,” he told reporters in Bukit Aman yesterday.
He said seven or eight companies are believed to be involved in the i-Serve investment company money laundering case.
On Oct 17, the police arrested a co-founder and shareholder of an airline with the title ‘Datuk’ as well as 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, the police arrested another businessman in connection with money laundering activities involving the airline, but the four individuals were released on police bail.
On Oct 26, the police arrested four more individuals to assist in the investigation of the case, comprising two men and two women aged between 30 and 62 at Menara KPJ and another individual in Bukit Tunku here. – BERNAMA
