GDay, Never heard of Sovereign Uni. Qld. but that doesn't mean it don't exist though Google didn't bring it up either, not on first page anyway along with other stuff including Sovereign Hill!
University of Queensland -
The University of Queensland, Australia has a heap of associate institutions and quite a few in Malaysia, Sedaya College and Sains Uni I think it was if you go to their international link.
There's also Central Qld. Uni, and Southern Qld. Uni I think as well and with education being the big business it is these days and I have read of some universities doing english courses in Asia to ready students for better study/results!, and suppose next step could be for them to have associate organisations and then start pushing their courses there for international students not blessed with wealthy enough parents.
But scam or not, as I said it's big business and there'll be those about hoping to get rich on the back of it, and at end of day, some unworldly wise student gets a piece of paper worth exactly how much!, especially when it is going to be one of thousands issued.
I'd be more inclined to have a job and have my company see an MBA as being pertinent to my career and the company's needs and hope they might sponsor me to do an MBA in conjunction with my employment (if I had ever been so inclined).