Key person in MBI probe out on bail


  • Nation
  • Thursday, 22 Jun 2017

KULIM: The key person in MBI Group International, who was remanded here since Monday, has been released on police bail.

A police source said he was released a day before his remand order was to expire today and was picked up by a Tan Sri at the police station here.

He said the man in his 50s was freed at 4.30pm yesterday.

He was remanded for investigation under the Anti-Money Laun­dering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

A source from the ministry confirmed that the suspect has been released on police bail.

On Tuesday, Domestic Trade, Co-operatives and Consumerism Mi­­nistry enforcement chief Datuk Mohd Roslan Mahayudin announ­ced the remand and that the suspect was the founder of MBI Group Interna­tional but declined to reveal his name.

He was arrested in an operation, codenamed Ops Token II, which involved the National Revenue Re­co­­very Enforcement Team, Attorney-General’s Chambers, Customs, 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, and over RM2mil that included foreign currencies.

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

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