Court allows forfeiture of RM1.5 million seized from MonSpace director
The forfeiture application was made under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.
KUALA LUMPUR: The High Court today allowed an application by the Malaysian Anti-Corruption Commission (MACC) to forfeit a total of RM1.5 million seized from MonSpace (M) Sdn Bhd director Datuk Seri Jessy Lai Chai Suang.
The forfeiture application was made under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.
MACC deputy public prosecutor Allan Suman Pillai said Judicial Commissioner Datuk Aslam Zainuddin allowed the application on the grounds that no third-party including Lai claimed the money.
"The court allowed the forfeiture because no one made a claim under Section 28E AMLATFPUAA 2001," he said when contacted today.
Lawyer Nian Cean represented Lai during today’s proceeding.
On July 25, 2018, the media reported that 16 MonSpace premises in Ipoh and the Klang Valley were raided by the authorities following an investigation into an allegedly illegal investment scheme.
-- BERNAMA
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