His capture came after the recent arrests of local politicians in Songkhla and Nakhon Si Thammarat provinces. Police investigation discovered their links to Teow, police said on Friday. The business tycoon was found to be the major financier of online gambling rings.
MBI Group’s office in Thailand is located on 16ha of land. It is involved in businesses ranging from hotels and entertainment outlets to amusement parks and real estate.
Teow had been arrested in 2017 on the charge of drug dealing. He fled to Songkhla and later managed to escape prosecution. In 2018, Malaysian authorities charged Teow with financial crimes. His assets were seized for his connection with a pyramid scheme. He fled to Thailand last year.
His company 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. The people said they had been “cheated” by an online pyramid scheme allegedly run by MBI Group International.
Teow was also wanted in Malaysia in connection with a RM336mil (US$83mil) money-laundering scam in Macau.
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