China-Malaysia crackdown on alleged Ponzi scheme rattles Penang’s corporate, political circles
Taiwan
Malaysian government officials told CNA the ongoing clampdown, which is at its initial stages and is likely to involve more arrests and asset seizures, is part of a months-long joint operation between the Home Affairs Ministry and China’s Public Security Ministry. GEORGETOWN: A joint Malaysia-China crackdown on an alleged multi-billion-dollar Ponzi scheme that preyed mainly on Chinese nationals has garnered the attention of both countries’ top leaders, Malaysian Home Minister Saifuddin Nasution
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