Police investigating e-commerce company linked to airline co-founder

 

The police have opened a new investigation paper on the co-founder of a local airline after receiving 67 police reports regarding an investment scheme linked to him.

Bukit Aman Commercial Crime Investigation Department (CCID) director Ramli Mohamed Yoosuf said the case involving losses of over RM81 million is being investigated under Section 420 of the Penal Code for fraud.

"The reports were lodged by individuals who invested in i-Serve and losses are estimated to be RM81,609,900. We urge anyone who is a victim of this investment scheme to come forward and lodge police reports,” he said during a special media conference today.

The airline co-founder and seven other individuals, including the company lawyer and shareholders, were previously remanded to facilitate investigations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA) 2001, and were subsequently released on police bail.

In other developments, Ramli advised Malaysians who wished to donate to Palestinians to check on the veracity of the representatives handling the donations to avoid being cheated.

Although the police have yet to receive any report against such frauds, he did not deny the possibility of unscrupulous people willing to prey on the current Palestinian crisis and the generosity of Malaysians.

"There are no specific laws controlling the collection of donations for disasters that aren’t managed by the government. So as a precautionary measure, the police urges those involved in collecting donations to be registered and supervised by a government agency,” Ramli said.

It was vital that the donations collected were channelled legally to the intended recipients, he added.

The Malaysian Anti-Corruption Commission confirmed on Oct 24 that it was investigating a non-governmental organisation that was conducting a donation drive for Palestinians.

- Bernama