KUALA LUMPUR – The high court today allowed an application by the Malaysian Anti-Corruption Commission to forfeit 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 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 sum.
“The court allowed the forfeiture because no one made a claim under Section 28E of the act,” he told Bernama.
Lawyer Nian Cean represented Lai in today’s proceedings.
On July 25, 2018, it was 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, February 24, 2021
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