Be quiet, MBI members told


Business as usual: The MBI outlet at M Mall in Penang, was open for members and shoppers.

GEORGE TOWN: Stay calm and keep a low profile – that is the message from MBI Group International’s top management to its members.

In the message sent via WeChat, members were urged to stop discussing the company’s system in public places to avoid unnecessary attention.

The management also hoped that each member would help defend the company and only believe its official releases.

Another message, purportedly also from MBI management, urged members not to comment on ongoing investigations by the authorities on social media.

“Please remain silent, and walk with us together to overcome the crisis,” the message reads.

It was reported in an online portal on Tuesday that MBI founder Tedy Teow said the company would cooperate with the authorities.

An investor, who declined to be named, said MBI and Mface, another subsidiary of the group, had been in the spotlight several times since the start, but members still believe the company will not get into trouble.

“Not only in Malaysia – authorities in Taiwan, Thailand and other countries also kept an eye on the scheme. But we are not worried,” he said yesterday.

“Most of the investors in Malaysia know that MBI will not be legalised in the country, but who cares? We know the company will not collapse.”

A check at M Mall showed that its operations were not affected after Monday’s raid by the authorities and Wednesday’s announcement that 91 accounts linked to the group had been frozen.

The information counter on the first floor of the mall was open for members and shoppers to make inquiries about the loyalty reward points used as currency there.

However, journalists were not allowed to enter the management office on the fifth floor.

MBI employees left as usual at the close of business. The office closed at 6pm although some employees stayed until 8pm.

When a reporter approached an apparel and accessory store, the shop assistant said the loyalty points were still being accepted as the management had not said otherwise.

“If there are any changes, management would call for a meeting. So far they have not called for one and the (management) office has closed for the day,” the assistant, who asked to be known only as Winny, said.

“I do not see members rushing to spend their money either. The shoppers seem to be the usual weekday crowd.”

However, she said she was not sure what the status would be today.

She also said that as a new MBI investor, she was worried about the returns after the 91 bank accounts were frozen.

“Old investors do not have to worry as they already got back their investments. I just invested my money.

“No one ran away with the money or is suing. I wonder why the accounts have been frozen,” she said, hoping the matter would be resolved soon.

 

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