‘Jho Low 2’ linked to web of scams

JOHOR BARU: Tedy Teow (pic), the founder of MBI Group International Sdn Bhd, is no stranger to controversy as the Penangite was in the spotlight for being involved in a virtual money scheme a few years ago and had been fined and imprisoned.

The 55-year-old is now linked to an elaborate web of scams, including Macau scams and others, through the setting up of layers of shell companies using drug addicts as directors to launder ill-gotten gains and then investing them in high-end properties in Malaysia and Thailand.

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