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Thai Cops Arrest ‘Jho Low 2’ Tedy Teow, Founder Of The Shady MBI International

Thai Cops Arrest ‘Jho Low 2’ Tedy Teow, Founder Of The Shady MBI International

Teow is also wanted in Malaysia in connection with a RM336 million money-laundering scam in Macau.

Fernando Fong

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Police in Sadao district, Thailand, have arrested a Malaysian businessman for allegedly engaging in money laundering through online gambling in the country’s south.

Teow Wooi Huat, 55, also known as Tedy, was arrested at his MBI Group headquarters in Dan Nok near the border checkpoint in Sadao district in the southern province early Friday morning, the Bangkok Post reported.

The arrest was made after an investigation into online gambling activities in Songkhla, Nakhon Si Thammarat and other southern provinces linked to the man.

The businessman is the founder of the MBI Group, which operates an entertainment complex, including a resort, at 100-rai in Dan Nok.

His MBI International Sdn Bhd also operated several businesses in Malaysia.

The Unrepentant Conman

The local police had been hunting for Teow since early 2021 over a Macau scam syndicate.

It is unclear how he was able to cross the border into Thailand and live a lavish lifestyle.

Malaysian authorities previously arrested the man in 2017 for drug offences.

In August 2011, Teow and his son Chee Chow were sentenced to one day in jail and fined RM90,000 and RM70,000, respectively, for defrauding investors in the Island Red Cafe franchise business.

In Malaysia, Teow is regarded as ‘Jho Low 2’, the main mastermind behind the misappropriation of billions of dollars from the 1Malaysia Development Berhad (1MDB) fund.

Like Jho Low, Teow comes from Penang and is known to often mix with celebrities and even a former top cop.

Based on a report issued by the South China Morning Post, Teow is wanted over links to money laundering amounting to RM336 million (US$83 million) in Macau.

Police believe Teow was the main mastermind behind the scam in Macau and tricked people into investing in non-existent companies.

The investment passed through a series of accounts before being used to buy luxury properties in Malaysia and Thailand.

In addition, the monies were also used to invest in cryptocurrencies.

His company made headlines in Malaysia in October 2019 when scores of Chinese nationals rallied outside the embassy in Kuala Lumpur, claiming they had lost their life savings to the firm.

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