Beyond the Breaking News

Penang Development Corp cooperating with police in MBI probe

Courts Crime News

Penang Development Corp cooperating with police in MBI probe
Penang Development CorporationPDCPolice

AS global healthcare systems continue to converge on standards of excellence and mobility, the ability to practice medicine across borders is becoming increasingly desirable.

Woman fined RM10,000 for infanticide, court rules sentencing should be rehabilitative rather than punitive GEORGE TOWN: Penang Development Corporation will cooperate with Bukit Aman's anti-money laundering division on the investigation into the Mobility Beyond Imagination investment scheme, says Chow Kon Yeow.

The Penang Chief Minister said the Bukit Aman special task force visited PDC as part of a broader nationwide investigation into the MBI investment scheme. "This visit was carried out in accordance with Anti-Money Laundering Act procedures and forms part of the authorities' wider efforts to trace and verify the flow of funds associated with the scheme. "An official request letter by the special task force was submitted to PDC on July 9, 2025, seeking the submission of meeting minutes and financial documents related to the Penang World City project. "The request was specifically for documentation concerning payments made to PDC for the purchase of land by Mutiara Metropolis Sdn Bhd , formerly known as Tropicana Ivory Sdn Bhd. "The focus of the investigation is to examine whether any of the funds paid to PDC by MMSB between 2011 and 2019 may have been linked to the MBI scam," he said during a press conference held at his office on Monday .He said on July 18, 2025, PDC submitted all required documents, including minutes of meetings and financial records, to the Bukit Aman special task force. "PDC is assisting the authorities in its capacity as a stakeholder in past commercial transactions relevant to the probe," he said.for breaking news alerts and key updates!

GooglePlease follow us on Google to support us
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

Penang Development Corporation PDC Police Investigation Bukit Aman Mobility Beyond Imagination MBI Investment Scheme

 

Malaysia Latest News, Malaysia Headlines

Similar News: You can also read news stories similar to this one that we have collected from other news sources.

Penang chief minister: PDC will fully cooperate with investigations into MBI investment schemePenang chief minister: PDC will fully cooperate with investigations into MBI investment schemeGEORGE TOWN, July 21 — Penang Development Corporation (PDC) has submitted documents to Bukit Aman’s special task force on Anti-Money Laundering (AMLA) to assist in...
Read more »

Perak MACC nabs two statutory corp officers over alleged false claimsPerak MACC nabs two statutory corp officers over alleged false claimsAMSTERDAM (Reuters) -STMicroelectronics, one of Europe's largest chipmakers, reported a second-quarter loss on Thursday, a performance that was worse than market expectations.
Read more »

Ministry of Transport and Penang City Council to set up vehicle disposal facility in PenangMinistry of Transport and Penang City Council to set up vehicle disposal facility in PenangGEORGE TOWN: The Ministry of Transport (MOT) is working with the Penang City Council (MBPP) to establish an Authorised Automotive Treatment Facility (AATF) in northern Peninsular Malaysia.
Read more »

Proton International Corp eyes 6,000 export sales this year, targets tenfold growth by 2030Proton International Corp eyes 6,000 export sales this year, targets tenfold growth by 2030KUALA LUMPUR, July 28 — Proton Holdings Bhd’s international arm, Proton International Corporation Sdn Bhd (PICSB), is aiming for export sales of 6,000 vehicles this year.The...
Read more »

MRT Corp aims to keep Penang Mutiara LRT cost under RM16b amid rising expensesMRT Corp aims to keep Penang Mutiara LRT cost under RM16b amid rising expensesGEORGE TOWN, July 29 — Total expenditure for the Penang Mutiara LRT Line will be capped at RM16 billion, despite escalating construction costs and inflation, MRT Corporation...
Read more »

New info on MBI emergesNew info on MBI emergesAS global healthcare systems continue to converge on standards of excellence and mobility, the ability to practice medicine across borders is becoming increasingly desirable.
Read more »



Render Time: 2026-08-12 14:14:22