Police: MYAirline Co-Founder’s Remand Extended, To Freeze 15 Bank Accounts

Police say MYAirline co-founder’s remand extended for two days, to freeze over 15 bank accounts

The low-cost carrier co-founder will continue to be detained for two more days to assist in investigations, the police said today.

According to a report by an English daily, Bukit Aman Commercial Crimes Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said that the remand extension is for today and tomorrow.

His wife and son have been released, the report said.

“Investigations are ongoing and the CCID has identified several more individuals who can provide evidence to help in the investigation of the case. It is better if they step forward to provide cooperation to avoid any complications.

“Besides that, the Royal Malaysia Police is also in the process of freezing more than 15 accounts related to individuals related to this case,” he said in a brief media statement.

The police had on October 17 arrested the Datuk, his wife and son at their home in Shah Alam, Selangor, and had on October 18 obtained a four-day remand.

The three were remanded to assist in police investigations under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001 (Amla).

On October 12, MYAirline abruptly announced the suspension of its operations due to financial problems, which left thousands of passengers stranded. They later released a statement to apologize for the abrupt suspension and had promised to expedite refund.

The airline had on October 16 said its operations’ suspension was due to investor pullout and lack of contingency plan.

It was reported that the refunds to passengers could reach up to an estimated RM22 million and that refunds would begin once the airline secures new investors.

Transport Minister Anthony Loke on October 12 said information from MYAirline shows that there are an estimated 125,000 passengers affected based on ticket sales until March next year.

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