NO MORE I-SERVE ONLINE MALL ASSETS UNDER POLICE SEIZURE – AGC

KUALA LUMPUR, Nov 4 (Bernama) -- The Attorney General’s Chambers (AGC) has confirmed that no assets belonging to i-Serve Online Mall Sdn Bhd are currently under police seizure.

In a statement today, the AGC said enforcement agencies had initially seized assets worth RM118.7 million from i-Serve Online Mall and related companies on Nov 11, 2021, not in November 2023 as reported.

“However, the seized assets were released after i-Serve Online Mall and related companies were compounded,” it said.

The AGC added that the Royal Malaysia Police (PDRM) also seized assets valued at RM71.3 million between October and December 2023, which were later released between October and December 2024 after investigations found no conclusive evidence that the assets were proceeds of an offence.

The statement referred to a Nov 1, 2025 report by Free Malaysia Today (FMT) titled ‘Release frozen funds, say investors who won RM8mil case against tycoon’.

Meanwhile, the AGC said investigations against MYAirline Sdn Bhd co-founder Datuk Allan Goh Hwan Hua, stemming from probes into i-Serve Online Mall and related companies, are still ongoing.

“The offences under investigation involve complex commercial transactions and fund flows. The department continues to monitor the progress of the investigation,” it said.

On Sept 9, the Kuala Lumpur High Court ordered Goh and four related companies to return more than RM8 million to 15 investors after they failed to pay monthly redemptions and investment returns.

Judge Leong Wai Hong ruled that the investors had proven their claims on a balance of probabilities and ordered Goh and the companies to repay RM7.61 million and SGD170,000, plus RM100,000 in costs jointly or severally.

The four companies are i-Serve Online Mall Sdn Bhd (ISOM), Bright Moon Venture PLT (BMV), QA Smart Partnership PLT (QAS) and Trillion Cove Holdings Bhd (TCH).

-- BERNAMA