PETALING JAYA: Police have confirmed that MYAirline Sdn Bhd’s co-founder and majority shareholder Goh Hwan Hua was arrested last night along with two members of his family.
Bukit Aman Commercial CID director Ramli Yoosuf said the police have obtained a four-day remand for all three suspects.
The trio was arrested at their Shah Alam residence yesterday, Sin Chew Daily reported.
They had been detained to facilitate investigations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla).
On Oct 12, MYAirline announced that it had suspended operations effective immediately due to “severe financial challenges”.
In an internal email sighted by FMT, the troubled low-cost carrier said it has “explored all avenues for potential partnerships and capital raising exercises” to rescue the airline.
Goh owns private firms Zillion Wealth and Trillion Cove Holdings, which have stakes of 88% and 10%, respectively, in the airline.
The remaining 2% share was owned by Rayner Teo, who stood down as CEO early last week due to health reasons.