A Thai court ordered a needed alleged Malaysian scammer to be extradited to China to face expenses related to fraud on Wednesday.
Both Malaysia and China requested the repatriation of Tedy Teow Wooi Huat, the founder of the Mobility Beyond Imagination Group (MBI), after he was allegedly linked to numerous scams, reports the Straits Times.
Fortune -born Teow attended a virtual court docket hearing on Wednesday from inside Bangkok Remand Prison where he is currently detained. He got here on digicam in his brown jail uniform and face mask accompanied by jail officers.
Police in Beijing need to query Teow after four hundred investors in China got here together to file a lawsuit in a bid to recover 763 million baht (100 million Malaysian Ringgits or 156,000 Chinese Yuan) invested in Teow’s MBI Group.
In 2019, over 100 Chinese nationals staged a protest outside the Chinese embassy in Kuala Lumpur in Malaysia after they were allegedly cheated by the MBI’s pyramid scheme.
Malaysian police cracked a rink of scammers in Macau final 12 months said to be linked to Teow and his two sons.
The syndicate allegedly set up fake companies to launder soiled cash which they used to purchase high-end properties in Malaysia and Thailand.
Allegedly, the scammers in Macau defrauded individuals of a lot cash that they didn’t know what to do with it. So, they allegedly invested more than 2.5 billion baht (336 million Malaysian Ringgits) into cryptocurrency.
On July 21 last year, Thai police raided an MBI workplace in Dannok, Sadao, close to the border of Malaysia and arrested Teow.
Teow was detained and put in police custody where he stayed for greater than 180 days now.
During the court docket hearing on Wednesday, the accused was reportedly calm all through.
After the courtroom ordered Teow to be extradited to China, he requested, “Can I appeal?”
The court stated Teow has 30 days to appeal the court’s choice..