Chow: Let cops investigate, Penang not linked to MBI investment scam
Home Minister Datuk Seri Saifuddin Nasution Ismail confirmed that enforcement efforts were talked about by Prime Minister Datuk Seri Anwar Ibrahim and Chinese President Xi Jinping during Xi's visit in April.
Investigators are currently pursuing leads that monies raised by MBI allegedly helped finance purchases of state government land for large development projects, ventures that have been key to Penang's robust economic growth over the last decade.
Chief Minister Chow Kon Yeow said it was the responsibility of the police to investigate and charge.
"Let the police investigate, and if there is a case, then prosecute.
"On the state government's part, we will continue with our development projects and plans," he told the New Straits Times.
Previously, Chow said the state government would leave it to Bukit Aman to investigate the money trail of the now-defunct MBI pyramid scheme.
He said that his administration had nothing to do with the matter.
Chow added that they had not been called in to assist in the investigation.
Several Tan Sris and a Datuk Seri had been arrested to assist investigations into the matter since April.
More than RM3.5 billion worth of assets — including a hotel, durian farms, luxury vehicles, watches, and bank accounts — had been seized and frozen.
The MBI Group International was founded by Tedy Teow, a businessman dubbed "Jho Low 2."
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