KUALA LUMPUR: The authorities are still in the midst of its probe into the MBI Group International pyramid scheme, and is now gathering evidence.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainuddin said his ministry, tasked with spearheading the task force, is still compiling evidence.
He said that the task force must have enough evidence on any wrongdoings before proceeding further.
Members of the task force include the National Revenue Recovery Enforcement Team, Attorney-General’s Chambers, Customs, Malaysian Anti-Corruption Commission, Inland Revenue Board, Bank Negara, Companies Commission of Malaysia, Immigration and the police.
The founder of MBI Group International, who was remanded in late June, was released on police bail a few days later.
The man was remanded for investigation under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
It was also reported that 98 bank accounts linked to MBI totalling RM209mil have been frozen.
Following a month’s surveillance by the authorities, several premises in Kulim and Penang were shuttered, three luxury vehicles seized, and over RM2 million including foreign currency seized.