Malaysian police continue to search for links between MYAirline (MYM, Kuala Lumpur Subang) and a scandal-plagued e-commerce company following the LCC's abrupt suspension of all flights in early October 2023.
Seri Ramli Mohamed Yoosuf from the Royal Malaysian Police's (RMP) Commercial Crimes Investigation Department told The Malay Mail outlet that investigations were ongoing. MYAirline's founder and shareholder, Goh Hwan Hu, is also a significant shareholder and alleged "controlling mind" of i-Serve Online Mall Sdn Bhd (ISOM). The RMP raided the offices of ISOM (and another entity connected to Goh) in late 2021, and the country's central bank froze their bank accounts, over money laundering allegations and the unlicenced acceptance of deposits. Now the RMP is attempting to clarify MYAirline's funding sources and ensure none of it is tainted.
"We’re still identifying the paper trail that was used for investments involving the companies mentioned," the investigator said. "It is and will take some time."
Goh, along with his wife and adult son, were taken into custody for questioning in the wake of MYAirline ceasing operations on suspicion of breaching Malaysia's money laundering and proceeds of crime legislation. All three were later released without charges. While not directly linked with MYAirline, the airline's collapse has reinvigorated the interest of Malaysian authorities in Goh and his business interests.
A MYAirline spokeswoman declined to comment on the police investigation but said the airline was currently in late-stage talks with potential investors about a restart.
