SHAH ALAM: The director of a timber company who claimed ownership of a luggage bag containing RM500,000 cash could be charged for money laundering should he fail to explain the source of the money.
Selangor police chief Datuk Hussein Omar Khan said they were awaiting feedback from the deputy public prosecutor on the investigation paper.
"We are waiting for their views on how to proceed," he told a press conference.
"If the owner of the money cannot show us the source, we can use Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLA)to charge them."
If no action is taken under AMLA, the money would be forfeited, he added.
On March 20, it was reported that a security guard at a Damansara shopping centre found a luggage bag in the parking lot containing cash exceeding RM500,000.
A few days later, police received a report from a timber company director claiming ownership of the bag.
The director said the money belonged to him and was repayment for a loan he gave a friend.
He said he collected the suitcase from his friend's apartment above the shopping centre but did not realise he had not put it into his vehicle.
In April, three men, associated with the timber company director, had their statements recorded as witnesses.