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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