How Tedy Teow, the Malaysian fraudster dubbed ‘Jho Low 2’, allegedly swindled millions

China extradited from Thailand Tedy Teow, a Malaysian fugitive businessman accused of leading a fraud syndicate in a case involving more than 100 billion yuan (US$14 billion), on August 23. - Photo: CCTV / SCMP

BEIJING/KUALA LUMPUR (SCMP): Slick conferences, new offices and tales of riches spun from smart investments were enough to persuade Randy Ang to move a five-figure sum from his savings into a high return financial product hawked by MBI Group International – the vehicle of prolific Malaysian con man Tedy Teow.

Ang, now 35, from Kuala Lumpur, handed over the sum – which he did not want to specify to This Week in Asia – to an investment agent representing MBI in 2016. It was only their second meeting.