Police Investigate Malaysian Company for Alleged Embezzlement of RM2.4 Million Meant for Pilot Training Programme

Background

The Royal Malaysian Police (RMP) are currently investigating a Malaysian company, Skyvax Holdings Sdn Bhd, for allegedly misappropriating RM2.4 million meant for a pilot training program. The company, owned by a Malaysian, is suspected of embezzling funds meant for a flight training program which was supposed to be paid to an aviation academy overseas.

Investigation Updates

According to Bukit Aman CCID director Ramli Yoosuf, the investigating officers have received feedback from the deputy public prosecutor and confirmed that Mara had lodged a police report on the alleged embezzlement. Additionally, 10 other reports were filed by trainees, although the exact dates of the reports were not disclosed.

Company’s Operations Suspended

The investigation is ongoing, with police likely to complete the investigation paper soon. The company’s operations have been suspended, and it is unclear when it will resume business.

Consequences for Trainees and Their Families

The alleged embezzlement has had severe consequences for the trainees and their families. A parent of one trainee, who took out a personal loan of RM200,000 to finance his son’s flight training, has been forced to service the loan. His son was sent home from an academy in Prague, Czech Republic, in 2021 after the academy informed him that it never received the funds from Skyvax.

Conclusion

The alleged embezzlement by Skyvax Holdings Sdn Bhd highlights the importance of due diligence and transparency in business dealings. The investigation into the company’s activities is ongoing, and we can only hope that justice is served and the affected parties are compensated.

FAQs

* What is the alleged embezzlement amount?
RM2.4 million
* Who is the company involved in the alleged embezzlement?
Skyvax Holdings Sdn Bhd, a Malaysian company owned by a Malaysian
* How many reports have been filed by trainees?
10 reports
* When were the reports lodged?
The exact dates are not disclosed, but one report was filed in February 2022
* What is the consequence for the company?
The company’s operations have been suspended, and it is unclear when it will resume business
* What is the consequence for the trainees and their families?
Some trainees, like the parent mentioned, have had to service personal loans taken out to finance their son’s flight training.