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. [Read the recent past postings.]
Today, another arrest was reported noon time by The Star, reproduced below:
Four 'Datuks' held, over RM3bil in assets seized or frozen in massive police op
By JUSTIN ZACK
Nation
Friday, 11 Apr 20251:00 PM MYT
PETALING JAYA: A large-scale operation against scams and money laundering has led to the arrest of four suspects with "Datuk" titles and the seizure or freezing of assets worth over RM3bil.
Inspector-General of Police Tan Sri Razarudin Husain said they were among eight suspects aged 44 to 62 detained during Ops Northern Star on March 20.
The operation was a result of information shared via Interpol's Red Notice, he said in a statement on Friday (April 11).
"We have frozen several assets and illegal profits believed to be closely linked to Ponzi schemes that went by 'Pelaburan MBI', based overseas.
"Among those arrested were two businessmen and two lawyers with the title of Datuk," he said.
The operation led to the freezing of 638 bank and share trading accounts containing a total of RM1.16bil.
In addition, 35 properties worth over RM2bil were seized.
"In total, the value of all seizures and asset freezes was estimated to be around RM3.17bil," he said.
The IGP also advised the public to be aware of suspicious activities and to share any information with the police.
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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.
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