MBI investment scam crackdown: 477 properties, RM328m frozen as cops nab ‘Tan Sri’ in billion-ringgit bust
Malaysian police have seized an additional RM527.5 million in assets connected to the MBI International Group investment scam, bringing the total recovered to RM3.8 billion. The seizures include properties, luxury vehicles, yachts, cash, and frozen bank accounts. Three individuals, including a "Tan Sri" title holder, were arrested in connection with the case. The operation, targeting financial syndicates, has resulted in 17 arrests and the freezing of 988 bank accounts. Police say the investigation is ongoing and more arrests are expected.