MBI Founder Tedy Teow’s Son Held at Knifepoint for Return of Money Game Cash

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Three men, believed to be Chinese nationals, held up the son of a businessman at knifepoint.

The trio, described as “burly”, scaled the perimeter fence and landed in the compound of the home of MBI International SDN Bhd founder Tedy Teow Wooi-Huat on Jalan Bukit Gambir on Monday.

Northeast district police chief ACP Che Zamani Che Awang said in the 7 pm incident, Teow’s 28-year-old son Adrian was returning home and was about to open the gate when he saw the three men climbing over his neighbour’s fence into his compound.

They then held a knife to Adrian’s waist and forced him into the house.

They instructed Adrian to sit in the living room and told him in Mandarin they only wanted their money back.

They claimed that Tedy had defrauded many people from China through an investment scheme that did not yield any returns.

Adrian informed them that he had nothing to do with the money games as he merely managed a hotel in town.

However, they told him to unlock his mobile phone and download a cryptocurrency app, create an account and transfer all his savings to the account.

“Since, the account could not be activated, the suspects then forced the victim to transfer all his money from his account to their accounts. However, the victim informed them that the transaction limit was only RM10,000 and had to go the bank to make further withdrawals,” Zaimani said.

The suspects then directed the victim to contact his father to ask for their investment money back but the call went unanswered.

Just then Adrian’s mother arrived home with their driver Iznol Farid Hamdan.

Zaimani said the victim suggested contacting his mother’s driver as the driver could locate his father.

“While one of the suspects was speaking to the driver, the victim screamed for help,” he said.

Adrian raising the alarm prompted Iznol to drive his mother to safety before he returned to the house to try tackle the three intruders.

A struggle ensued, during which one intruder allegedly hurled what looked like dynamite in the driver’s direction.

The trio then fled in blue a Perodua Axia, taking the man’s phone with them.

Adrian and Iznol gave chase but failed to catch up with the suspects.

In the meantime, Adrian’s wife arrived home to find two items that looked like dynamite-type bombs at the back entrance of the house. The police were alerted, and a bomb disposal unit later confirmed that those items were fake homemade bombs.

Masry Che Ani/Sunpix

“The bomb disposal unit used robotics to remove and defuse the bombs,” Zaimani said, adding that no injuries or property damage was reported.

The dynamite was, in fact, papier-mache shells filled with cement with threads for the fuse.

Zaimani said fingerprints likely belonging to the three men were found at the house.

Police also took CCTV footage from both inside and outside the house.

“We also found a bottle filled with petrol and other items such as batteries, wires, duct tape and a 35cm kitchen knife left behind by the assailants,” Zaimani said.

The case is being investigated under Section 307 of the Penal Code for attempted murder and Section 8 of the Firearms Act 1960,” he said.

MBI has several property projects in the country, including a township in Kulim. It also manages a virtual mall at the Penang Time Square that offers discounted goods and services as well a virtual currency investment scheme.


But early this year, about 100 Chinese nationals who claimed they had lost money through MBI’s investment schemes staged a peaceful protest near the Chinese embassy in Kuala Lumpur.