KULIM: A top official of MBI Group International has been released on police bail on Wednesday although his four-day remand order was supposed to expire on Thursday.
He was released at 4.30pm from the Kulim police station, according to a police source.
According to the source, he was picked up by a Tan Sri at the police station.
It had been reported earlier that a top official of MBI Group International has been remanded to assist in investigations into a pyramid scheme.
In the report, Domestic Trade, Co-operatives and Consumerism Ministry (KPDNKK) enforcement chief Datuk Mohd Roslan Mahayudin said the man, in his 50s, was arrested on Monday at a house in Taman MBI Desaku in Kulim, Kedah.
He said that the man had been remanded for four days from Monday for investigations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
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