Teddy Teow Mbi International
Following initiation of an internal investigation the bank of malaysia added mbi international to its alert list in may 2017.
Teddy teow mbi international. According to the charge sheet mbi marketing sdn bhd and mface international sdn bhd issued electronic money between june 3 2012. Three men believed to be chinese nationals held up the son of a businessman at knifepoint. In a youtube video uploaded on april 23 2013 titled the story of mbi international s boss teow is said to have started the business after going to china where he was given a second shot at life.
Dato wira amiruddin bin che embi mbi international s chairman. Words are teddy teow was arrested at a condo in penang in the midst of shagging someone s wife. In early june teddy teow the schemer behind the mbi international mbi virtual money game ponzi scheme scam was arrested by the ministry for domestic trade cooperatives and consumerism the malay acronym kpdnkk.
Mbi group international founder tedy teow wooi huat 51 is no stranger to controversy he was a key figure in the island red cafe franchise from 2008 to 2010. Tedy teow is known for his sharp mind and collaborative leadership style. The man in his 50s was arrested on monday at a house in taman mbi desaku in kulim kedah.
With over 30 years of experience in networking business our founder mr. It chronicles the success of tedy teow in establishing mbi saying it was his third effort in setting up a business. Domestic trade co operatives and consumerism ministry enforcement chief datuk mohd roslan mahayudin described the accused as a man in his 50s.
The trio described as burly scaled the perimeter fence and landed in the compound of the home of mbi international sdn bhd founder tedy teow wooi huat on jalan bukit gambir on monday. The bank of malaysia has charged mbi international ponzi boss teddy teow with two counts of financial fraud. Teow was previously in the food and beverage industry running the island red.
Mbi group international sdn bhd founder tedy teow has been charged in a sessions court in kuala lumpur for issuing electronic money without bank negara malaysia s permission.