The case involved the purchase of real estate in Pekan Nanas, Pontian.

However, Johor police chief Kamarul Zaman Mamat said investigations by the Bukit Aman police against Teow in other cases were ongoing.

“We have been in contact with the Bukit Aman commercial crime investigation department. The case in Pekan Nanas is NFA, but the investigations by Bukit Aman are continuing because there are several more cases.

“There may be some elements and evidence that may have resulted in the prosecutor not pursuing the (Pekan Nanas) case,” he told reporters after attending an awards  ceremony at the Johor contingent police headquarters here.

On July 25, federal police secretary Noorsiah Saaduddin confirmed that the 55-year-old fugitive businessman had been detained by Thai authorities.

Noorsiah was quoted as saying that Teow was being investigated under Section 420 of the Penal Code for fraud.

Teow, who founded MBI Group International, operated entertainment complexes, including a resort in Danok at the Thailand-Malaysia border, and also built a business empire from online investment schemes that attracted investors from China, Thailand, Malaysia, Indonesia and Macau.