MBI investors keep calm and shop despite red flag


The exterior of the MBI-owned M Mall at Jalan Datuk Keramat.

The exterior of the MBI-owned M Mall at Jalan Datuk Keramat.

GEORGE TOWN: It was business as usual at the MBI-owned mall as “investors” remained calm and continued to spend their loyalty reward points.

When met at the mall yesterday, two Chinese nationals said it never crossed their minds that MBI would collapse since the company had so many businesses. The couple declined to give their names.

“We still invest in MBI, even though it has been banned in our country. We invested a lot and we are in Penang to shop and see what else we can invest in,” the woman said.

A Malaysian MBI investor at the mall said he was not aware of the company being placed on Bank Negara Malaysia’s financial consumer alert list.

“I have nothing to worry about. I will continue to invest and spend my reward points here,” he added.

Meanwhile, a woman, who wished to be known only as Chan, said she was worried since her son had invested tens of thousand of ringgit in MBI.

Chinese investors shopping at M Mall in Jalan Datuk Keramat at Penang./Picby: CHAN BOON KAI/The Star/23 May 2017
MBI investors shopping at the mall.

“He even refinanced his house to invest more in the scheme. I’m worried for him if something happens to the company,” she said.

Ah Tin, a 68-year-old woman, said she hoped that MBI would not end up sharing the same fate as JJPTR.

An employee of the mall’s management office said they had been told not to disclose any information about the company to the media.

“Please check with our head office in Ampang, Selangor,” she said.

Another employee said sales could go up to RM300,000 a day during the investors’ carnival.

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Courts Crime , MBI , alert list , M Mall