MonSpace founder Datuk Seri Jessy Lai and two executives were brought to the Sessions Court in Kuala Lumpur by Domestic Trade and Consumer Affairs Ministry officers on Wednesday to be charged.
The multinational e-commerce company was investigated for offences under the Direct Sales and Anti-Pyramid Scheme Act as well as possible violations under Anti Money-Laundering and Counter Financing of Terrorism Law.
In July 2018, 72 business and personal accounts containing RM5.87 million were seized by the authorities.
The operation, dubbed Ops Coin, saw raids on 16 premises linked to the company for allegedly running an illegal investment or “money game” scheme.
Lai, the chief executive officer of MonSpace Multinational Corporation, had said investigations into the company would prove its legitimacy.
May 25, 2017, MonSpace Takes up Challenge to Take Action
May 24, 2017, Calls for MonSpace to Prove It Is Legit