Saturday, 5 April 2025

State of the Nation : THE return of MBI

THE Tan Sri , said to be at the centre of attention. due to the reinvestigation on the MBI pyramid scam is ECK Development Sdn Bhd.

THE face of ECK Development, a developer said to be close to PAS and the DAP is Khor Eng Chuen.

KHOR acquired ECK in 2019 from Teow Ee Meng, who was charged READ :with money laundering linked to the MBI scam.

BUT hey, let's not pretend that Khor Eng Chuen is the only Tan Sri  dealing directly with the now infamous Tedy Teow Teow Wooi Huat.

MBI,  had shareholding links to Airasia, and back in the day around 2013,  the company was spending around READ :RM1.8 million a year to have the MFace brand name painted on Airasia aeroplanes.

LETS not forget, that the former inspector general of Police, Musa Hassan was a very  VIEW :high profile consultant along side AC Muzal, the TV perfonality

WHILE Bank Negara did eventually  take action against  MBI, and Tedy Teow Wooi Huat,  let us not forget,  the action only came , two years late. READ : In 2016, Penang Consumer Association, investigated MBI, and reported it to thr Central Bank, yet strangely Bank Negara Malaysia decided to sit on its fat backside for two years.

IF Tedy Teow Wooi Huat,  was taken to China,  he could have actually  been roaming free in Malaysia, because after the initial drama, on wanting to fry Tedy Teow Wooi Huat,  READ : The police had to NFA his case, but receiving the marching orders from the DPP's office.

ONE very interesting aspect about Tedy Teow Wooi Huat  is that while he is known as a top notch scam king in Malaysia,  as well as in China.

IN Thailand, its a different story.  The Danuk centric businessmen, said to be a billionaire was high on the wanted list in Thailand, for being an international boss of a drug trafficking ring. READ : In 2017, Tedy Teow Wooi Huat arrested by arrested by the Thai Narcotics Suppression Bureau on drug charges,