AGC moves to forfeit MonSpace funds for money laundering
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KUALA LUMPUR, Oct. 16 -- The Attorney General's Chambers (AGC) have served a notice asking third parties to explain why funds frozen from the money laundering case against multinational investment company MonSpace should not be forfeited.
The notice, dated October 15, said parties with interest in the case must appear before the Sessions Court on November 10.
The AGC was seeking to forfeit over RM1 million held in 17 separate accounts.
Two of MonSpace's directors were charged with three counts of using the company's bank accounts as instruments for money laundering in August.
Datuk Seri Lai Chai Shuang, 49, and Chai Ling Mooi, 48, pleaded not guilty after the charges were read out before judge Zamri Bakar.
On all three charges, the t...
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