KUALA LUMPUR, April 12 — Police have arrested eight individuals, including four with the title of Datuk, in connection with the Mobility Beyond Imagination (MBI) scam and seized...
Inspector-General of Police Tan Sri Razarudin Husain said police have arrested eight individuals, including four with the title of Datuk, in connection with the Mobility Beyond Imagination scam and seized RM3.17 billion worth of assets. — Picture by Yusof Mat IsaKUALA LUMPUR, April 12 — Police have arrested eight individuals, including four with the title of Datuk, in connection with the Mobility Beyond Imagination scam and seized RM3.17 billion worth of assets.
, police conducted several raids and froze hundreds of accounts and assets linked to the suspected Ponzi scheme. Other confiscated items included 10 luxury cars, 12 luxury watches and cash in both local and foreign currencies.Last year, authorities extradited MBI founder Tedy Teow from Thailand to China to assist in investigations involving Chinese victims of the scheme.
The investors alleged that around two million people in the country were defrauded by Teow in a scheme involving 500 billion yuan .MBI reportedly attracted investors from Malaysia, China, Thailand, Indonesia and Macau through dubious online investment schemes.
Investment Scams Datuks Arrest Inspector General Of Police IGP Razarudin Husain PDRM Police
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