KUALA LUMPUR (Feb 24): The High Court here had today allowed the Malaysian Anti-Corruption Commission's (MACC) application to forfeit RM1.5 million from MonSpace (M) Sdn Bhd director Datuk Seri Jessy Lai Chai Suang under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).
MACC deputy public prosecutor Allan Suman Pillai told theedgemarkets.com today that High Court Judicial Commissioner Datuk Aslam Zainuddin had allowed the MACC’s application.
Allan said the forfeiture was made under AMLA and that "the court would issue such orders to that effect”.
According to online reports, Lai is the founder and CEO of direct-selling firm MonSpace.
On July 25, 2018, it was reported that 16 of MonSpace's premises across Ipoh and the Klang Valley were raided a day earlier (July 24, 2018) following a month-long investigation by the authorities.
Today, Allan said the forfeiture against Lai is done under Section 28E of AMLA.
Section 28E concerns receipts of cash from outside Malaysia, according to Allan.
Lai was represented by her lawyer Lam Nian Cean, according to Allan.