Mandiri directors detained as police open probe over suspected unlawful funds
Malaysian police have opened an anti-money laundering investigation into Mandiri Development Centre Sdn Bhd over funds suspected to stem from unlawful activities. Two company directors have been detained as authorities probe the financial movements.
Why it matters
Demonstrates strict regulatory enforcement against corporate financial crimes and money laundering operations.
KUALA LUMPUR, Sept 23 — Police have opened an investigation into Mandiri Development Centre Sdn Bhd over funds suspected to be proceeds from unlawful activities received between 2024 and 2026.
The police said the Anti‑Money Laundering Criminal Investigation Team at Bukit Aman initiated the probe on September 10 following a police report lodged after a review of the company, according to a press statement issued this morning.
“Police will continue to conduct a thorough investigation in accordance with the law against any party suspected of being linked to the case,” Inspector‑General of Police Tan Sri Mohd Khalid Ismail said.
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