PETALING JAYA: Fugitive Malaysian businessman Tedy Teow Wooi Huat is expected to be deported to China to face the law.
Sin Chew Daily reported that Teow, who is a wanted man in Malaysia, China and Thailand, will be deported on Tuesday (July 26).
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Quoting Thailand's national daily Matichon Online, Thai national police assistant chief Pol Lt-Gen Surachate Hakparn said the Chinese embassy is facilitating the extradition.
For now, Teow is still under the custody of Thai immigration authorities.
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Prior to his arrest, Surachate said Leow was attempting to flee Thailand on an illegal, unreported and unregulated (IUU) fishing boat.
"When we received the information, we contacted Malaysia's Special Branch director Datuk Seri Zamri Yahya.
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"With cooperation from the Malaysian police, we brought the boat back to our shore," he said.
According to Sin Chew Daily, Teow was said to have been involved in various agriculture scams targeting investors from China.
The number of victims was said to be over two million people involving more than RM500bil.
It was reported Sunday (July 24) that a Thai immigration officer confirmed that Teow's visa has been revoked and would be deported after he was arrested in a raid conducted by Surachate on Friday (July 23).
The raid led to the police searching the MBI Group founder’s office in Sadao at the Thai-Malaysian border.
It was reported that Teow's capture came following a crackdown on online gambling in southern Thailand that saw local politicians in Songkhla and Nakhon Si Thammarat provinces arrested for their alleged involvement in gambling syndicates.
Teow was arrested in 2017 in Malaysia on a charge of drug dealing, but he fled to Songkhla and later managed to escape prosecution.
In 2018, Malaysian authorities charged Teow with financial crime and his assets were seized for his alleged connection to a pyramid scheme, but he fled to Thailand last year.
MBI Group International made headlines in Malaysia in October 2019 when scores of Chinese nationals rallied outside the embassy in Kuala Lumpur, claiming they had lost their life savings to the firm.
They said they had been “cheated” by an online pyramid scheme allegedly run by MBI Group.
Teow is also wanted in connection with a US$83mil (RM336mil) money laundering scam in Macau.