Latest news with #IdealPropertyGroup
The Star
30-04-2025
- Business
- The Star
Ideal Property denies claim chairman arrested over scam case
GEORGE TOWN: Property developer Ideal Property Group has dismissed allegations on social media that its Group Executive Chairman was arrested in connection with the investigation into a scam linked to MBI Group. In a statement, the group said it has lodged reports to authorities to pursue legal action. "Ideal Property Group strongly refutes the false and malicious allegations and categorically denies these baseless and defamatory statements. "Ideal Property Group operates with strict adherence to the law, ethical business principles and distinguishes itself through technical excellence, successful project delivery and rigorous regulatory compliance. "Our organisation is committed to maintaining the highest levels of professional integrity and operational transparency. "To address this false and malicious disinformation campaign, Ideal Property Group has lodged a report with the Malaysian Communications and Multimedia Commission, police and will take immediate legal action to protect its reputation," the statement said on Wednesday (April 30). The group added it continues to show solid operational performance. "Our organisation maintains its unwavering focus on executing current projects and fulfilling all obligations to its various stakeholders with excellence," it said. On April 22, police arrested five more people, including two with the titles Tan Sri and Datuk Seri, for their suspected roles as proxies and business partners in a Ponzi-style investment scam linked to MBI. Officers also seized three durian orchards covering nearly 360ha and worth about RM223.6mil in Raub, Jawi and Tasek. Earlier, Police Inspector General Tan Sri Razarudin Husain said eight people had been arrested and RM3.17bil in assets had been seized in the case.
Barnama
30-04-2025
- Business
- Barnama
Ideal Property Refutes Allegations Linked To MBI Scam, Lodges MCMC And Police Reports
GEORGE TOWN, April 30 (Bernama) -- The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities' investigation into the scam linked to MBI International Group (MBI). Ideal Property Group, in a statement today, stressed that the group operates with strict adherence to the law and ethical business principles, while the organisation is committed to maintaining the highest levels of professional integrity and operational transparency. 'Recently, Ideal Property Group has come across fake news and false postings on uncredited social media, falsely alleging the investigation and arrest of our group executive chairman in connection with the authorities' investigation into the MBI Group. 'Ideal Property Group strongly refutes the false and malicious allegations and categorically denies these baseless and defamatory statements,' according to the statement posted on Facebook. To address this, Ideal Property Group has lodged a report with the Malaysian Communications and Multimedia Commission (MCMC), the police and will take immediate legal action to protect its reputation. The group also pledge to continue to exhibit solid operational performance and maintain its unwavering focus on executing current projects and fulfilling all obligations to its various stakeholders with excellence. On April 22, police arrested five more individuals, including two bearing the titles Tan Sri and Datuk Seri, believed to be proxies and business associates involved in a Ponzi-type investment scam linked to MBI. Head of the Criminal Investigation Team on Money Laundering (AMLA) under the Inspector-General of Police's Secretariat (USKPN), Datuk Muhammed Hasbullah Ali, said that besides arresting the five individuals, police have also seized three durian orchards spanning nearly 900 acres, valued at RM223,624,167, located in Raub, Pahang; Jawi, Penang; and Tasek, Kedah. Inspector-General of Police Tan Sri Razarudin Husain was previously reported to have said that eight individuals were arrested and assets worth RM3.17 billion were seized in connection with the fraudulent scheme.
Malay Mail
30-04-2025
- Business
- Malay Mail
Ideal Property Group denies chairman linked to MBI scam, lodges report over ‘false and malicious' claims
GEORGE TOWN, April 30 — The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities' investigation into the scam linked to MBI International Group (MBI). Ideal Property Group, in a statement today, stressed that the group operates with strict adherence to the law and ethical business principles, while the organisation is committed to maintaining the highest levels of professional integrity and operational transparency. 'Recently, Ideal Property Group has come across fake news and false postings on uncredited social media, falsely alleging the investigation and arrest of our group executive chairman in connection with the authorities' investigation into the MBI Group. 'Ideal Property Group strongly refutes the false and malicious allegations and categorically denies these baseless and defamatory statements,' according to the statement posted on Facebook. To address this, Ideal Property Group has lodged a report with the Malaysian Communications and Multimedia Commission (MCMC), the police and will take immediate legal action to protect its reputation. The group also pledged to continue to exhibit solid operational performance and maintain its unwavering focus on executing current projects and fulfilling all obligations to its various stakeholders with excellence. On April 22, police arrested five more individuals, including two bearing the titles Tan Sri and Datuk Seri, believed to be proxies and business associates involved in a Ponzi-type investment scam linked to MBI. Head of the Criminal Investigation Team on Money Laundering (AMLA) under the Inspector-General of Police's Secretariat (USKPN), Datuk Muhammed Hasbullah Ali, said that besides arresting the five individuals, police have also seized three durian orchards spanning nearly 900 acres, valued at RM223,624,167, located in Raub, Pahang; Jawi, Penang; and Tasek, Kedah. Inspector-General of Police Tan Sri Razarudin Husain was previously reported to have said that eight individuals were arrested and assets worth RM3.17 billion were seized in connection with the fraudulent scheme. Razarudin said the arrests were part of a cross-border operation launched following information obtained via an Interpol Red Notice. — Bernama
New Straits Times
30-04-2025
- Business
- New Straits Times
Ideal Property Group denies link to MBI probe, files report over viral posts
GEORGE TOWN: Ideal Property Group has addressed recent fake news and unverified social media posts falsely alleging that its group executive chairman was investigated and arrested in connection with authorities' investigations into the MBI Group. In a post on its Facebook page today, Ideal Property Group strongly refuted the false and malicious claims, categorically denying the baseless and defamatory statements. The company said it operates with strict adherence to the law and ethical business principles, and has built a reputation for technical excellence, successful project delivery, and rigorous regulatory compliance. "Our organisation is committed to maintaining the highest levels of professional integrity and operational transparency. "To counter this false and malicious disinformation campaign, Ideal Property Group has lodged reports with the Malaysian Communications and Multimedia Commission (MCMC) and the police, and will take immediate legal action to protect its reputation," the statement read. Ideal Property Group said it continues to demonstrate strong operational performance. "Our organisation maintains an unwavering focus on executing current projects and fulfilling all obligations to stakeholders with excellence," it added. It was recently reported that federal police had arrested five individuals, including an entrepreneur with a "Tan Sri" title and a man with a "Datuk Seri" title, in connection with investigations into Mobility Beyond Imagination (MBI). Police also froze 299 bank accounts worth RM123.61 million and seized 12 luxury vehicles, a luxury watch, five phones, one computer, and several documents. The seizures included three durian orchards in Raub, Penang, and Kedah worth approximately RM223.62 million. Police also seized a palm oil processing plant in Kedah, as well as a hotel and a property development company in Penang. The seizures were part of the second phase of operations conducted between April 18 and April 21.
