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Ministry: Further research needed before deciding on action against MBI Group


KUALA LUMPUR: The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) has to carry out thorough research before any action can be taken against MBI Group International.

"We can't simply accuse anyone despite receiving reports from several quarters. We have to carry out thorough research," said its Minister Datuk Seri Hamzah Zainuddin (pic).

He added that KPDNKK had to be "very sure" about the offence committed before proceeding with the next course of action.

Hamzah also said that the task force was still gathering evidence to strengthen its case against MBI.

"The investigation is not carried out only by KPDNKK but also other agencies such as Bank Negara and the Attorney-General's Chambers.

"This is to ensure that when we take action, it would be within the laws of the country," Hamzah told reporters at the Bank Rakyat Twin Towers here Wednesday.

Last month, the founder of MBI Group International was arrested in an operation codenamed Ops Token II, which involved the National Revenue Recovery Enforcement Team, Attorney-General's Chambers, Customs Department, Malaysian Anti-Corruption Commission, Inland Revenue Board, Bank Negara, Companies Commission of Malaysia, Immigration and the police.

Ninety-eight bank accounts linked to MBI totalling RM209mil were frozen.

They raided several premises in Kulim and Penang after a month's monitoring and seized three luxury vehicles as well as over RM2mil cash including foreign currency.

The operation was staged because the premises were believed to be involved in a pyramid scheme.

The founder has since been released.

MBI , Hamzah Zainuddin , corporate crime

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