24 Feb 2021
The High Court here has allowed the Malaysian Anti-Corruption Commission (MACC) to forfeit RM1.5 million from MonSpace (M) Sdn Bhd director Jessy Lai Chai Suang, believed to be proceeds from unlawful activities.
Deputy public prosecutor Allan Suman Pillai said judicial commissioner Aslam Zainuddin allowed the application as none, including Lai, came forward to make third-party claims.
Last year, MACC froze the accounts of the company under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).
It subsequently filed an application to forfeit the money.
Read more at Free Malaysia Today
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