RM4.3mil in Mayu Global's frozen bank accounts released, RM6.4mil still held
This follows letters received from Bukit Aman notifying the cancellation of the freeze order, issued under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
In a filing with Bursa Malaysia, Mayu Global said the affected accounts were held at RHB Bank Bhd, Hong Leong Bank Bhd, Malayan Banking Bhd, Maybank Islamic Bhd and CIMB Bank Bhd.
"Following the release of RM4.3 million from the above-mentioned bank accounts, the remaining amount still frozen by PDRM in the group's bank accounts stands at RM6.4 million," it said.
This marks a partial easing of restrictions first disclosed in April, when the company revealed that bank accounts linked to Mayu Global and its subsidiaries had been frozen as part of an ongoing investigation involving one of its directors.
The investigation also led to the seizure of company vehicles and changes in boardroom composition. The company said it would continue to monitor the matter closely.
"The board of directors will continue to monitor the situation closely and will make further announcements as and when there are material developments," it said.
In April, PDRM froze RM10.67 million across the bank accounts of Mayu Global and several subsidiaries under anti-money laundering laws.
Mayu Global's executive director Tan Kim Hee was detained on April 2 to assist with the investigation and released on April 7 without any charges filed.
The probe was reportedly linked to the long-running MBI pyramid scheme, with Tan identified as the brother-in-law of MBI founder Tedy Teow and a substantial shareholder of Mayu Global.
The affected accounts included Sunrise Manner, Sungguh Gemilang Development Sdn Bhd, Progerex Sdn Bhd, SMPC Industries Sdn Bhd and others.
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