Malaysian man arrested in Thailand for laundering playing cash

Luck could have run out for a wealthy Malaysian businessman who allegedly laundered cash from online playing as police picked him up in Sadao in the Deep South Thai province of Songkhla. Teow Wooi Huat also called Tedy or Jho Low 2, is accused of laundering money linked to on-line gambling in Thailand and is also needed in Macau for his alleged half in an US$83 million rip-off.
Police took the 55 year outdated Malaysian man into custody yesterday morning at his MBI Group headquarters at Dan Nok, not far from the Sadao border checkpoint where thousands cross between Thailand and Malaysia each day. Police had been investigating leads in on-line gambling busts and located several led back to the Malaysian tycoon.
The assistant to the national police chief mentioned that Tedy had been related to on-line gambling dens operating within the south of Thailand including busts in Songkhla and Nakhon Si Thammarat, with proof all pointing back to him.
Tedy somehow managed to enter Thailand and stay a wealthy way of life on the helm of this entertainment complicated regardless of having been arrested in Malaysia in 2017 on drug costs, with the details of his arrest and release being hazy. Now MBI International operates on a multinational level with a number of companies working in Malaysia in addition to the MBI Group in Thailand which has a 100-rai leisure advanced near the border with an connected resort.
In his native country, the Malaysian businessman is considered as a renegade star, flaunting round his house town of Penang with other celebrities. Shh! is in reference to another legal nonetheless on the run and elevated to superstar status after fleecing 1MDB, a nationwide growth fund, out of billions of dollars.
Aside from the bust yesterday in connection to the Thai gambling money laundering, Tedy is still wanted in Macau for an additional money laundering rip-off the place it’s alleged that he was involved in convincing individuals to invest in fake companies and then rerouting the money via multiple accounts into crypto and luxury properties in Thailand and Malaysia..

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