More arrests expected in MBI scheme crackdown


PETALING JAYA: Several more arrests will be carried out in the near future ­following the discovery of the MBI investment scheme, a fraudulent investment scheme based on the Ponzi concept, says Bukit Aman.

Head of the federal police Anti-Money Laundering Crime Investigation Team (AMLA), Comm Datuk Muhammed Hasbul­lah Ali, said that ongoing investigations and intelligence gathering with the cooperation of foreign enforcement agencies have uncovered new evidence implicating more individuals connected to the syndicate.

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