Tedy Teow, founding father of the MBI Worldwide Ponzi scheme, is ready to be extradited to China.
Teow (aka Teow Wooi Huat) (proper), fled Malaysia someday after 2018 after his unique 2017 arrest.
Following an ongoing investigation into his disappearance, Teow was arrested in Thailand final July.
Malaysian authorities have charged Teow with cash laundering and monetary fraud, alleging MBI Worldwide was a $165 million Ponzi scheme.
Teow laundered a minimum of $83 million via Macau, which noticed Chinese language authorities file separate legal prices in opposition to him in 2021.
That is the place issues get attention-grabbing.
Two months after Teow’s arrest Chinese language authorities put in an extradition request. Malaysia waited 5 months earlier than submitting their very own extradition request on January third.
On the premise that China filed for extradition first, and regardless of Teow being a Malaysian nationwide, a Thai court docket granted China’s extradition request yesterday.
The three-judge panel advised Teow, who was current by way of video convention from Bangkok Remand Jail, that China had an extradition treaty with Thailand since March 7, 1999.
In his protection in opposition to Chinese language legal prices, Teow’s legal professional claimed “his consumer was falsely accused by a Thai political occasion and Chinese language politicians.”
Riiiiiiiighhhhhh……t.
As reported by Benar Information on January 18th;
Teow has 30 days to attraction the order – if he doesn’t or his attraction fails, he could possibly be despatched to China inside 90 days. If his attraction is granted, he could possibly be freed.
In China, Teow might face a jail time period of 5 years or longer if convicted, in response to the Thai legal professional normal’s workplace which sought the extradition at China’s request.
I’m undecided what the timeline is for Teow’s inevitable attraction. We’ll preserve an eye fixed out for updates on his extradition proceedings.