Aeon Credit Issues 10th Suku Waklah of RM150 mln
"The proceeds will be utilised for financing of disbursements to customers in the ordinary course of business of providing consumer financing based on Shariah principle, financing expenses relating to the ICP programme, and refinancing any existing and future Islamic financing facilities of the issuer," it said in a Bursa Malaysia filing.
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New Straits Times
9 hours ago
- New Straits Times
[UPDATED]: MACC questions 27 witnesses in scrap metal, e-waste smuggling probe
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has questioned 27 witnesses in connection with its operation against a syndicate involved in the smuggling of scrap metal and e-waste across five states. The syndicate is believed to have bribed enforcement officers, resulting in a loss of export tax revenue estimated at more than RM950 million. According to a source, one of the suspects believed to be involved in the activities was also questioned today. "However, no arrests have been made so far. "To date, the MACC has frozen a total of 324 bank accounts, 142 belonging to companies and 182 to individuals, involving nearly RM150 million, with seized assets amounting to approximately RM183 million. "In total, the value of seized and frozen assets now stands at more than RM332 million," the source said. Meanwhile, MACC Special Operations Division senior director, Datuk Mohamad Zamri Zainul Abidin, when contacted, confirmed the information and said that the MACC is still in the process of identifying suspects linked to the syndicate, which has caused the government to suffer export tax losses of more than RM950 million over the past six years. He added that the MACC is currently scrutinising the financial sources of the suspects and the companies under investigation in collaboration with agencies such as the Inland Revenue Board (LHDN), Royal Malaysian Customs Department (JKDM), and Bank Negara Malaysia (BNM). "In addition to investigations under Sections 16 and 18 of the MACC Act 2009, as well as offences related to money laundering, probes are also being conducted under the Income Tax Act 1967 and the Customs Act 1967 by the relevant agencies involved in this operation," he said. It was reported that three bungalows, a penthouse, shop lots, land, oil palm plantations, luxury cars, and luxury watches are among the assets seized, estimated to be worth more than RM183 million, following a raid on a scrap metal smuggling syndicate across five states that began yesterday. According to sources, the raids under Op Metal were carried out by the Special Operations Division of the MACC in collaboration with the Customs Department, Inland Revenue Board, and Bank Negara Malaysia. The operation also saw the freezing of 45 company accounts and 82 individual bank accounts involving a total value of about RM51 million. The source added that during the raid, the MACC also seized five luxury watches, namely Patek Philippe, Tag Heuer, Rolex, Omega Speedmaster and Omega Seamaster, estimated to be worth more than RM740,000. The MACC also conducted searches at 13 new locations in Penang, Kedah, Johor and around the Klang Valley on July 15.
The Sun
9 hours ago
- The Sun
MACC freezes RM150m accounts in scrap metal smuggling crackdown
GEORGE TOWN: The Malaysian Anti-Corruption Commission (MACC) has frozen 324 bank accounts worth nearly RM150 million and seized assets valued at RM183 million in a major crackdown on scrap metal and e-waste smuggling syndicates. The operation, spanning five states, uncovered an estimated RM950 million in tax revenue losses due to bribery of enforcement officers. A source confirmed that 27 witnesses, including a businessman with a 'Datuk' title, have given statements. No arrests have been made yet. 'The total value of seized assets and frozen accounts now exceeds RM332 million,' the source said. MACC Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin stated that financial investigations are ongoing with agencies like the Inland Revenue Board (IRB), Customs Department, and Bank Negara Malaysia. 'Probes cover offences under the MACC Act, money laundering, and tax evasion laws,' he added. The operation, dubbed Op Metal, involved raids in Selangor, Penang, Kedah, Negeri Sembilan, and Johor. Authorities confiscated luxury vehicles, branded watches, and properties, including oil palm plantations in Kelantan. A foreign businessman linked to the syndicate, who holds a 'Datuk' title, was abroad during the raids but later returned to assist investigations. – Bernama
The Star
11 hours ago
- The Star
Ex-HRDC chief Shahul Hameed named Green Packet's group CEO and MD
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