Police: MBI asset seizures could top billions as crackdown widens
KUALA LUMPUR: Federal police believe that billions more in assets and accounts may yet be identified, seized, or frozen in connection with the Mobility Beyond Imagination (MBI) Ponzi scheme.
Bukit Aman's Anti-Money Laundering Crime Investigation (Amla) Unit chief Datuk Muhammed Hasbullah Ali said that to date, assets and accounts worth RM3.51 billion had already been seized and frozen.
"This is based on two phases of operations carried out between March 21 and April 5, as well as April 18 to 21," he told reporters today.
He said that although assets and accounts totalling RM3.5 billion had been frozen thus far, investigators believe the total value could increase significantly with further action.
"We believe the total could amount to several more billions," he added.
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