By Dorcas Ting
KUCHING, Jan 18: A former chief executive officer (CEO) of a media company and a managing director of a supplier company who were arrested by the police under Op Ragada on Thursday were released on police bail today after their remand expired.
The 53-year-old former CEO and the 62-year-old woman have been remanded by the Magistrate’s Court on 16 for two days to assist in investigations into alleged money laundering activities.
The case was investigated under several legal provisions, including Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Other sections invoked in the investigation include Sections 409, 420, and 403 of the Penal Code, as well as Section 23 of the Malaysian Anti-Corruption Commission Act 2009.
The male suspect was represented by lawyer William Teo, while Datuk Shankar Ram Asnani represented the female suspect.
Both suspects were detained during a police operation codenamed Op Ragada.
The case is believed to be connected to the Jan 11 arrest of a senior executive from a Sarawak broadcasting company and another woman, who were also remanded for similar investigations, along with a former local mayor. – DayakDaily
