AMPANG, May 30 – Monetary enforcement authorities have raided Ampang Store, a store where shoppers convert their loyalty point in exchange for goods and services. The team consisting of police officers, Bank Negara Malaysia (BNM), Domestic Trade, Cooperatives and Consumerism Ministry officers as well as those from other agencies arrived at the office of MBI International about 11am.
The raid was conducted by about 32 officers who left the office at about 7:00pm. The team seized documents and computers for further investigation. The logistic centre is located in Jalan Avenue 1 here. The centre sells various products such as water purifiers, instant coffee, remote controlled cars and boats, powerbanks, massage chairs, watches, pens and bedsheets.
Mface International and MBI International Sdn Bhd, which are subsidiaries of MBI Group, has been listed in Bank Negara Malaysia’s (BNM) alert list with effect on May 22. To date, 302 companies have been listed under the BNM financial consumer alert list for suspicion of not adhering to relevant laws and regulations in their operations. — PN
