Crime
‘Datuk Seri’ and two ‘Datuk’ businessmen linked to Bursa-listed firms among six nabbed in MBI International investment fraud case, IGP says
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AI Summary
Malaysian police arrested six individuals, including three businessmen with "Datuk" titles, linked to the MBI International Group investment fraud case. Authorities froze RM10.54 million in 88 bank accounts and seized 398.8 million shares worth RM86.86 million from two listed companies. Seized assets also included cash, luxury vehicles, watches, and handbags, totaling RM97.7 million. The total value of frozen and seized assets in the MBI case now reaches RM6.6 billion. The suspects are believed to have acted as proxies, receiving funds from overseas.
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