A source with the domestic trade, cooperatives and consumerism ministry (KPDNKK) said the man, in his 50s, was released by Kedah police at 4pm.
When asked if his release meant there was no case, the officer said it was too early to assume so.
The officer, speaking on condition of anonymity, added that the investigation into MBI’s alleged illegal pyramid investment scheme and money laundering would proceed as usual.
At a press conference yesterday, KPDNKK enforcement director Mohd Roslan Mahayudin said the founder had been remanded for four days.
He said enforcement officers seized a total of RM2.23 million in cash and property from raids which began at the founder’s luxury home in Taman MBI Desaku, Kulim, Kedah.
KPDNKK officials have also frozen bank accounts worth RM30 million for nine days. The accounts were frozen under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
KPDNKK officers who took part in the raid were under the direction of the Attorney-General’s Chambers, which heads the National Revenue Recovery Enforcement Team (NRRET).
The NRRET comprises 13 agencies, including the police and Inland Revenue Board officers.
MBI founder held, RM32 million in cash and bank accounts seized