4 days ago
MBI Selangor refutes any connection to MBI International Group
PETALING JAYA: Selangor Mentri Besar (Incorporated) or MBI Selangor stresses that it has no connection, relationship or interest with MBI International Group (MBI) and individuals involved in the investigation into an investment fraud case.
Sinar Harian reported that MBI Selangor said there was a possibility of public confusion arising from the similarity of names between the two entities and it is taking this seriously.
'MBI Selangor is a wholly-owned subsidiary of the Selangor government established to drive strategic development, investment and management of state assets in line with the aspirations of sustainable development and prosperity of the people of Selangor.
'Therefore, we urge the public to be careful and not to be confused with entities that are not related to the official operations of the Selangor government.
'Any further information about MBI Selangor can be obtained through our official website at or other official communication channels,' it said in a statement on Saturday (May 31).
Previously, it was reported that a businessman with the title of Tan Sri was among three individuals who were arrested after being believed to be involved in an investment fraud scheme involving MBI.
Bukit Aman Commercial Crime Investigation Department acting director Datuk Seri Muhammed Hasbullah Ali said the three suspects, who are local men aged between 46 and 58 years old, were arrested in raids carried out through Ops Northern Star around Kuala Lumpur and Penang between May 1 and 17.
Inspector-General of Police Tan Sri Razarudin Husain had also announced that his department arrested eight individuals and seized assets worth RM3.17bil on April 11, based on information from an Interpol Red Notice.
