THE police’s anti-money laundering (Amla) force has frozen RM300 million worth of assets belonging to an online gambling boss who was attempting to launder cash here.
Its chief Datuk Muhammed Hasbullah Ali said the assets frozen are a central depository system account with stocks worth RM281 million, an escrow account worth RM18.6 million managed by an offshore bank in Labuan and two local bank accounts totalled RM58,048.
“Our investigation showed that the suspect, in his 30s, received his proceeds from online gambling, which he had run since 2012.
“Last year, we found that from 2012 to 2020, he had earned RM14.1 billion and transferred RM300 million to Malaysia to be laundered,” Hasbullah told a press conference today.
The police did not reveal the identity and nationality of the suspect, but said he had dual nationality and was added on the Red Notice for illegal gambling and money laundering.
The case is under investigation under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. — TMR