Authorities arrest MBI Group founder, freeze 98 bank accounts totalling RM209m
The Domestic Trade, Cooperatives and Consumerism Ministry enforcement unit announced today the arrest of the MBI Group founder in a sting yesterday. The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) enforcement unit director Datuk Mohd Roslan Mahayudin said the man, in his 50s, is under remand for four days until June 22. The man was arrested during a raid of one of three MBI Group premises at 6.30am yesterday. "He was arrested at the second premise we raided, at Taman MBI Desaku in Kulim, Kedah," he told a press conference at the Bank Negara office here in Penang. The operation, dubbed as Ops Token II, is a joint operation between the KPDNKK, the National Revenue Recovery Enforcement Team of the Attorney-General's Chambers, Bank Negara Malaysia and police. "During the operations, we seized RM280,000 cash from the first premise in Butterworth in Penang," "We seized another RM187,612 in the second premise in Taman MBI Desaku in Kulim, ...