Luck may have run out for a rich Malaysian businessman who allegedly laundered cash from on-line gambling as police picked him up in Sadao within the Deep South Thai province of Songkhla. Teow Wooi Huat also identified as Tedy or Jho Low 2, is accused of laundering money connected to on-line gambling in Thailand and can also be wished in Macau for his alleged half in an US$83 million scam.
Police took the 55 12 months old Malaysian man into custody yesterday morning at his MBI Group headquarters at Dan Nok, not removed from the Sadao border checkpoint where 1000’s cross between Thailand and Malaysia every day. Police had been investigating leads in online gambling busts and located several led back to the Malaysian tycoon.
The assistant to the nationwide police chief said that Tedy had been linked to on-line playing dens working within the south of Thailand including busts in Songkhla and Nakhon Si Thammarat, with evidence all pointing back to him.
Tedy somehow managed to enter Thailand and live a rich way of life at the helm of this entertainment complex regardless of having been arrested in Malaysia in 2017 on drug costs, with the small print of his arrest and release being hazy. Now MBI International operates on a multinational stage with several businesses working in Malaysia in addition to the MBI Group in Thailand which has a 100-rai leisure complex near the border with an connected resort.
In his native country, the Malaysian businessman is viewed as a renegade star, flaunting round his home town of Penang with different celebrities. His nickname Jho Low 2 is in reference to another criminal nonetheless on the run and elevated to movie star status after fleecing 1MDB, a nationwide development fund, out of billions of dollars.
Aside from Behind the scenes in connection to the Thai playing cash laundering, Tedy remains to be wanted in Macau for an additional cash laundering rip-off where it’s alleged that he was involved in convincing individuals to invest in fake corporations and then rerouting the money via a quantity of accounts into crypto and luxurious properties in Thailand and Malaysia..