The ministry mentioned the suspect was despatched to China on Tuesday and solely gave the person’s surname: Zhang. This was a reference to Zhang Yufa, higher generally known as Tedy Teow Wooi Huat, the founding father of the enterprise conglomerate MBI Group.
Greater than 10 million buyers have fallen prey to the scheme since 2012, and the cash concerned amounted to over 100 billion yuan, in accordance to the ministry.
Authorities within the southwest Chinese language megacity of Chongqing launched an investigation into Teow in late 2020, and months later the China bureau of Interpol, the Worldwide Felony Police Organisation, issued a worldwide wished discover for him.
Thai police arrested the businessman in July 2022 after he fled Malaysia. Following that, Beijing submitted a request to Bangkok searching for to have him deported to stand trial in China.
A Thai court docket issued a closing ruling to switch Teow to China in Might, a choice later supported by the Thai authorities.
Kuala Lumpur had additionally sought Teow’s deportation to Malaysia, the place he’s additionally wished for fraud. However their request was made after China’s.
The Chinese language authorities has characterised Teow’s case as “extraordinary” and anticipated the handover of the suspect to set a “optimistic instance” for future extradition cooperation between China and different international locations.
The international ministers of all six international locations below the Lancang-Mekong Cooperation mechanism, which additionally consists of Cambodia and Vietnam, reached a joint assertion on strengthening cooperation in combating transnational crime throughout the gathering.
“We’re deeply involved concerning the gravity and seriousness of the persistent and escalating threats posed by transboundary crimes,” the assertion mentioned.
“We urge member international locations to prioritise cooperation within the areas of anti-drug trafficking in addition to curbing telecommunication/on-line frauds and every kind of on-line playing,” it added, calling all six nations to work collectively to enhance info sharing and border controls.