18 hours Ago By AMALIA AZMI
KUALA LUMPUR: More arrests are expected soon in connection with the Ponzi scheme involving Mobility Beyond Imagination (MBI).Federal police's Anti-Money Laundering (Amla) division head Datuk Muhammad Hasbullah Ali said investigations and intelligence have revealed new leads pointing to additional individuals linked to the syndicate."In the series of arrests that have been made, we have found new evidence from intelligence and the latest information obtained from close cooperation with foreign enforcement agencies.
"Through raids, we have found more evidence that strengthens the investigation and does not rule out the possibility of more arrests in the near future," he said when contacted today.Hasbullah said the investigation found that the MBI investment scheme is one of the most active cross-border fake investment syndicates and has been operating for many years.He added that many victims only lodged police reports after realising their investments were not yielding returns and began suspecting the scheme was an organised and planned fraud.
On April 11, four men who hold Datuk titles, including two lawyers, are among eight people arrested following a police crackdown on MBI. Inspector-General of Police Tan Sri Razarudin Husain had said the federal police's Anti-Money Laundering Unit has also made seizures and frozen various accounts amounting to a whopping RM3.17 billion to date.
He said the arrests and seizures were made through Op Northern Star, which involved cross-border collaboration based on information received via an Interpol Red Notice on March 20.Earlier today, Razarudin had said police have identified several people believed to be linked to the founder of MBI. He had said new evidence had enabled police to uncover more individuals allegedly involved in the scheme.
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