AMPANG: MBI Group International Sdn Bhd founder Tedy Teow has been charged in a Sessions Court here with two counts of issuing electronic money without Bank Negara Malaysia’s permission.
According to the charge sheet, MBI Marketing Sdn Bhd and Mface International Sdn Bhd issued electronic money between June 3, 2012, and March 17 this year without approval under Section 25(1)(c) of Payment Systems Act 2003.
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