MALAYSIAN fugitive businessman Tedy Teow Wooi Huat, who is currently in Thailand, is expected to be deported to China soon, even as the Royal Malaysia Police (PDRM) has also requested that he be repatriated here.
“(We are) preparing to send him to China,” said Thailand assistant national police chief Pol Lt-Gen Surachate Hakparn during a press conference at the Thai police headquarters yesterday (Sept 2).
Teow was taken into custody by Thai immigration on July 22 after his visa was revoked. Since then he has been awaiting deportation.
He was supposed to be repatriated to Malaysia on Aug 9 but was stopped at the airport as Thai authorities also received an extradition request from the Chinese Government.
Both Malaysia and China are after Teow, who is also on Interpol’s red notice list.
PDRM said on July 25 that they were in the process of applying for Teow to be repatriated to Malaysia to facilitate investigations into alleged cheating.
He was also wanted by Beijing police following a suit filed by about 400 investors from China to recover investments of some RM100 mil.
The 55-year-old founded the MBI Group and operated entertainment complexes, including a resort in Danok at the Thailand-Malaysia border.
He also built a business empire from online investment schemes that attracted investors from China, Thailand, Malaysia, Indonesia and Macau.
Teow was arrested by the PDRM in 2017 on drug charges which carry the death penalty but he bolted to Thailand soon after.
In 2019, about 100 Chinese nationals staged a peaceful protest outside the Chinese Embassy in Kuala Lumpur, saying they had been cheated in an online pyramid scheme operated by MBI.
The same year, authorities froze 91 bank accounts totalling RM177 mil linked to MBI Group International.
Bank Negara has since listed MBI as a company running a dubious financial scheme. – Sept 3, 2022.
Main photo credit: The Star
