MBI Group’s Malaysian founder has been called ‘Jho Lo 2’ because of the sheer scale of his operation
Seventeen people were arrested last month under Ops Northern Star. One of them was a major property developer who allegedly helped launder money for MBI through a web of businesses.
“We conducted the investigation with some intelligence assistance from China,” the police’s Commercial Crime Investigation Department Acting Director Muhammed Hasbullah Ali told This Week in Asia on Wednesday.
No criminal charges had yet been brought as the matter was still being investigated, a police source said.
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