Cops nab several suspects, including ‘Datuk Seri’, over MBI investment fraud

Cops nab several suspects, including ‘Datuk Seri’, over MBI investment fraud

Bukit Aman's head of anti-money laundering investigations says it follows 17 arrests made last May, when assets worth RM3.81 billion were seized.

Hasbullah Ali
The head of the Bukit Aman anti-money laundering criminal investigation team, Hasbullah Ali, said the details of the latest arrests under Op Northern Star will be disclosed by IGP Khalid Ismail soon. (Bernama pic)
KUALA LUMPUR:
Police have arrested several more individuals for investigation into the investment fraud scheme involving MBI International Group (MBI) under Op Northern Star.

The head of the Bukit Aman anti-money laundering (Amla) criminal investigation team, Hasbullah Ali, confirmed the arrests, saying they included individuals carrying the “Datuk Seri” title.

He said details of the latest Op Northern Star developments would be disclosed by Inspector-General of Police Khalid Ismail soon.

On May 30, Hasbullah had revealed that 17 individuals had been arrested in connection with the MBI investment fraud case, with assets worth RM3.81 billion frozen and seized.

He said the arrests included entrepreneurs with the “Tan Sri” and “Datuk Seri” titles, believed to be proxies and business partners in the fraudulent investment scheme.

The arrests were carried out in the Klang Valley and northern states under Op Northern Star.

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