A shocking revelation continues to cast a shadow over Malaysia’s corporate world as Datuk Seri Chiau Beng Teik, Executive Chairman of Chin Hin Group Berhad, has been named as a ‘Datuk Seri’ alleged to be a proxy in the country’s largest Ponzi investment scandal—linked to MBI International Group, headed by financial criminal Tedy Teow.
Founded by Tedy Teow, MBI International operated a fraudulent investment scheme through digital platforms such as MFC Club and the virtual currency M-Coin. The scheme attracted investors from Malaysia, China, Thailand, and other countries with promises of high returns. In 2022, Johor police again exposed this ‘Macau Scam.’
In 2024, Tedy Teow was extradited from Thailand to China to face charges of fraud and money laundering involving over 10 million investors with losses exceeding RM65 billion (100 billion yuan).
Operation Northern Star: Seizures and Arrests
The Royal Malaysia Police launched Operation Northern Star which led to the arrest of several high-profile individuals, including three titled ‘Tan Sri’, one ‘Datuk’, and one ‘Datuk Seri’. Seized assets include:
- 638 bank accounts and shares worth RM1.16 billion
- 35 properties including condominiums and commercial buildings: RM2.01 billion
- Durian plantations in Raub, Jawi, and Tasek valued at RM223.6 million
- Palm oil processing plant in Selama, Kedah
- Hotels and property development companies believed to be indirectly controlled by the MBI network
Total seized assets exceed RM3.5 billion
Who Are the Three “Tan Sris” Involved?
In addition to Datuk Seri Chiau Beng Teik, prominent figures under investigation include:
| NAME | POSITION |
| Tan Sri Tan Kean Soon | Chairman of T7 Global Bhd |
| Tan Sri Dato’ Dr Khor Eng Chuen | Chairman & Director of ECK Development Sdn. Bhd |
| Tan Sri Alex Ooi | Chairman of Ideal Property Group |
| Datuk Eddie Ong Choo Meng | Group Chief Executive Officer – Hextar Group |
There are also unofficial reports that several political leaders and former government officials are listed as persons of interest in this cross-agency investigation. However, more titled individuals remain hidden…
Tan Sri Tan Kean Soon – Police have arrested prominent businessman Tan Sri Datuk Seri Tan Kean Soon, the Deputy Executive Chairman of T7 Global Berhad, a company listed on Bursa Malaysia, for allegedly deceiving the public of RM10 million on the pretext that the money would be handed over to the police to resolve money laundering cases.
Tan Sri Dato’ Dr Khor Eng Chuen
Tan Sri Dato’ Dr Khor Eng Chuen is alleged to have used illicit funds from ECK Development to finance the Kulim International Airport (KXP) project. This includes involvement through timber company Aman Mega Sdn Bhd and Musang King durian plantations in Baling, Kedah. READ
associate of Tedy Teow through his son, Teo Wee Meng
Despite controversies suggesting that ECK Development had been replaced, Tan Sri Dato’ Dr Khor Eng Chuen remains a shareholder in the newly appointed special purpose vehicle (SPV), Kedah Aerotropolis Holdings Sdn Bhd, through a shareholding structure comprising ECK Development Sdn Bhd (80%) and KXP Airportcity Holdings Sdn Bhd (20%).
Tan Sri Alex Ooi
Although he initially denied any involvement, Tan Sri Alex Ooi was ultimately revealed to be the third “Tan Sri” arrested.
Police apprehended the 62-year-old at his residence in George Town. During the raid, authorities seized a white Rolls-Royce Ghost and a Ford Ranger Raptor. This was not his first encounter with law enforcement—he had previously been detained for questioning the month before but was released on the same day.
Datuk Eddie Ong Choo Meng (Hextar Group)
How is Datuk Eddie Ong Choo Meng involved? He controls numerous public-listed companies in the country, including the acquisition of Mukhriz Mahathir’s company, Opcom Berhad.
DATUK SERI CHIAU BENG TEIK INVOLVED IN TEDY TEOW’S MONEY LAUNDERING
Datuk Seri Chiau Beng Teik remains an enigma. The Chin Hin Group founder filed a police report claiming he was defrauded of RM10 million by Tan Sri Tan Kean Soon, Deputy Chairman of T7 Global Berhad. Following this, Tan Sri Kean Soon was detained.
However, subsequent investigations uncovered strong indications that Chiau was not merely a victim—but part of a proxy network used to hide and launder illicit funds from MBI’s investment scam. It is no secret that Chiau Beng Teik is a key money launderer for Tedy Teow.
Investigative sources suggest these funds were channeled into real estate and development projects associated with Chin Hin Group and its affiliates.
Chiau is no ordinary businessman. He founded Chin Hin Group in 1995 through his original company, Perniagaan & Pengangkutan Chin Hin Sdn Bhd (PP Chin Hin Sdn Bhd), and built a corporate empire encompassing building materials, property, construction, green energy, and licensed money lending.
He also holds directorships in other public-listed companies including Chin Hin Group Property Berhad, Signature International Berhad, Ajiya Berhad, and Fiamma Holdings Berhad. According to Forbes, as of 2025, he ranks as Malaysia’s 37th richest person with an estimated net worth of USD 620 million.
PP CHIN HIN SDN BHD – CHIAU BENG TEIK’S VEHICLE?
PP Chin Hin Sdn Bhd, the core entity of Chin Hin Group in the building material and logistics business, is also a licensed money lending firm. It is registered under the Housing and Local Government Ministry (KPKT) with license No: KPKT/BL/19/W3126/02/01 and operates from Alor Setar, Kedah.
This licensed money lender is suspected to be a key money laundering hub. However, in a Bursa Malaysia filing dated 27 February 2025, Chin Hin Group Berhad announced that PP Chin Hin Sdn Bhd had not provided any loans or advances during Q4 of 2024.
“There were no loans or advances provided to any parties by PP Chin Hin Sdn Bhd during the financial quarter ended 31 December 2024.”
The suspension is believed to be linked to the ongoing MBI Ponzi scheme investigation involving Tedy Teow.
The following is the company profile of PP Chin Hin Sdn. Bhd
PP Chin Hin Sdn Bhd is not merely a credit support unit; it holds significant debts and securities, indicating heavy leverage used to fund operations or expansions. Controlled by Chin Hin Group and indirectly by Datuk Seri Chiau Beng Teik, it’s unsurprising he is implicated in the MBI International crime ring.
Why did Chiau Beng Teik pay RM25 million to Tan Sri Kean Soon to free Tedy Teow from authorities? After paying RM10 million, he lodged a report claiming he was scammed by Kean Soon.
Yet Chiau never feared arrest—he was reportedly seen relaxing on a luxury yacht with his alleged co-conspirator Datuk Keh Chuan Seng. A show of untouchability?
Why wasn’t Datuk Seri Chiau Beng Teik remanded or exposed in the media like other titled suspects? Reports suggest Datuk Keh Chuan Seng is also an accomplice.
Ge-Shen Corporation Bhd
WHO IS DATUK KEH CHUAN SENG?
Datuk Keh is a powerful Malaysian businessman with major interests in multiple Bursa-listed companies. He is an active investor in manufacturing, waste management, and stainless steel sectors. He is also the founder of Frazel Group Sdn Bhd, a private investment firm holding shares across listed firms.
KEY ROLES AND SHAREHOLDINGS (as of early 2025):
| Company Name | Position | Shareholding |
| Ge-Shen Corporation Bhd | Executive Chairman | 29.59% via Frazel Group |
| Tex Cycle Technology Bhd | Executive Chairman | 26.44% |
| K Seng Seng Corporation Bhd | Executive Chairman | 22.98% |
| ES Sunlogy Bhd | No director role | 28% |
| Agricore CS Holdings Bhd | Non-Independent Deputy Chairman | 4.3% direct, 33% indirect |
On 24 March 2025, Datuk Keh simultaneously resigned from all positions, citing “unforeseen personal circumstances.”
His resignations triggered a sell-off in these company shares, causing steep price drops. However, the companies assured that operations and business plans would continue as usual.
Why the mass resignation? Likely due to ties with the investigation into Datuk Seri Chiau Beng Teik’s role in the MBI fraud.
SUCCESSOR TO DATUK SERI CHIAU BENG TEIK
Chiau is said to be grooming his son, Chiau Haw Choon, to take over as Group CEO of Chin Hin Group. It is highly likely that the son is also complicit in laundering operations.
What will become of Datuk Seri Chiau Beng Teik? Will his empire crash like that of Tan Sri Kean Soon (T7 Global) and Tan Sri Alex Ooi (Ideal Property Group)? All eyes are on the authorities to act.
