GEORGE TOWN: Luxury cars worth about RM1million (S$373,000) and RM200,000 in cash were seized from seven men arrested in connection with the murder of businessman Datuk Seri Law Yeong Chow who was abducted in Bukit Mertajam
Sources said the suspects, aged between 22 and 50, were involved in illegal money lending activities. They were picked up from their homes in Sungai Ara and Bukit Mertajam on Thursday by a Serious Crimes squad following a tip-off.
"The cash was from debtors while the cars - two Toyota Vellfire, a BMW and an SUV - were purchased using the ill-gotten gains.
"Also seized were close to 100 cheques with a total amount of several hundred thousand ringgit issued by debtors.
"The suspects have been remanded pending investigations. The state Commercial Crimes Investigation Department is also investigating them for loan sharking activities," the source said yesterday.
The sources said police did not rule out illegal money lending and triad activities as motives for the murder.
On Tuesday, police also rounded 26 people in connection with Law's murder. All were released after a day-long remand.
They were brought before a magistrate on Wednesday for a remand extension which was rejected, and were released at about 7pm. On Jan 13, Law was reported missing in Bukit Tengah, Juru, by his family members. He was last seen coming out of a foot reflexology centre in Bukit Mertajam when several people pulled up in two cars and bundled him into one of the vehicles.
A police probe revealed that the two cars, bearing fake registration number plates, later exited the North-South Expressway at the Changkat Jering toll plaza in Taiping.
His badly burnt body was found in Lumut on Jan 16. His younger brother managed to identify the body via his dental records.