Chinese President, Xi Jin Peng will be making a three day official visit of Malaysia next week April 15th to 17th.
He was extended an invitation for the 50 year anniversary of Malaysia – China bilateral relation, however was represented instead by Prime Minister Li Qiang in June last year.
The visit in the midst of Trump triggered trade war to isolate China will draw attention from the foreign media and the US.
Certain quarter of Malaysians are getting cold feet and urge Anwar to reschedule the visit. Surprisingly its mostly Malaysian Chinese. And, there is certain segment of older generation Malays still stuck in the past to view China and DAP as communist.
Leading to Xi’s, whether by design or coincident, there have been major arrests related to China’s most wanted scammer, Malaysian Tedy Teow of MBI fame. The victims of his billion ringgit scam have mostly been Chinese national.
Police have seized and frozen assets worth more than RM3.17 billion linked to a Ponzi scheme, following a series of raids last month under an operation codenamed Op Northern Star, based on a Red Notice alert from Interpol.
Inspector-General of Police Razarudin Husain said the assets included illegal proceeds linked to a Ponzi-style investment scam known as “Pelaburan MBI”, which has a base in a neighbouring country.
He said the assets included 638 banking and share trading accounts containing over RM1.16 billion, 35 properties valued at over RM2 billion, 10 luxury vehicles, designer watches and handbags, jewellery, cash in multiple foreign currencies, as well as laptops and mobile phones.
Several important documents tied to the scam were also confiscated, Razarudin said.
He also said that seven men and one woman, all locals aged between 44 and 62, were arrested in the operation.
“The detainees included two businessmen and two lawyers, all four with the title ‘Datuk,” he added.
Razarudin said the suspects had been remanded for one to seven days for further investigation under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
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Words are one of the businessmen is a corporate player with link to an opposition MP.
Sources claimed he is a renown stock market manipulator and the phenomenon of share prices run-up upon disclosure of his interest in the company was described as an effect named after him.
According to an unnamed former investigator, the opposition MP linked to the arrested corporate player cum market manipulator received kickback from Tedy Teow before.
He was directly involve to arranged the release of few hundred millions of frozen MBI money prior to GE14.
There is the likelihood the stock manipulation was funded by Pelaburan MBI and the corporate player is a funder for the opposition leader.
Spreading the eggs in various baskets.
Source : Thick Brick Blogspot
The Coverage Malaysia
