Court approves request from China in connection with long-running pyramid scheme
The Criminal Court on Wednesday approved the extradition of a Malaysian businessman to China where he is wanted for operating a pyramid scheme and swindling people out of money.
Tedy Teow Wooi Huat, or Xiao Zhang, 52, was arrested in July last year for alleged money laundering during a raid on MBI Group, a company in Sadao district of Songkhla near the Thai-Malaysian border.
The arrest was made following an expanded investigation into online gambling activities in Songkhla and Nakhon Si Thammarat provinces — found to be linked with Mr Teow’s activities.
In September, the Chinese government, via the Chinese embassy in Thailand, submitted a request seeking to have the suspect extradited to stand trial in China.
According to Chinese authorities, Mr Teow…
