MBI Ponzi scheme: More arrests to come, says cop


PETALING JAYA: The Royal Malaysia Police has confirmed that there will be several more arrests in the near future following the uncovering of a fraudulent investment scheme based on the Ponzi concept known as the MBI Investment Scheme.

Head of Bukit Aman’s Anti-Money Laundering Crime Investigation Team (AMLA), Datuk Muhammed Hasbullah Ali, stated that ongoing investigations and intelligence gathering have led to new evidence believed to implicate more individuals connected to the syndicate.

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