Media Selangor

Investment fraud syndicated crippled with over RM3 bln in assets seized

KUALA LUMPUR, April 11 — The police crippled an investment scam syndicate with the arrest of eight individuals and seizure of assets worth RM3.17 billion believed to be linked to a Ponzi-type investment fraud known as MBI Investments based in a neighbouring country.

Editor Selangor Journal

11 Apr 2025

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Media Selangor Sdn Bhd, a subsidiary of the Selangor State Government (MBI), is a government media agency. In addition to Selangorkini and SelangorTV, the company also publishes portals and newspapers in Mandarin, Tamil and English.

Media Selangor Sdn. Bhd.

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