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New Straits Times
25-04-2025
- New Straits Times
[UPDATED] Cops bust ganja ring shipping to Europe
austin@ KUALA LUMPUR: Federal police have crippled a drug ring believed to be responsible for shipping ganja buds to Europe. Acting Bukit Aman Narcotic Crime Investigation Department (NCID) director, Deputy Commissioner Mat Zani @ Mohd Salahuddin Che Ali, revealed that a series of raids in the Klang Valley led to the arrest of two men, a local aged 34 and a Chinese national aged 38. "We seized 75.51kg of ganja buds, worth at least RM2.61 million," he said in a statement today. The operation began with the first arrest at a coffee shop in Sepang at 5:25am on Wednesday. The second suspect was detained at a house in Kota Warisan, Sepang, around 6:15am. Shortly thereafter, investigators led by the suspects uncovered a rented house in Bukit Changgang, Banting, at 9:35am, where they found 144 packets containing the ganja buds. The total haul was valued at RM2.64 million on the black market and could have been distributed to 151,000 drug users. Police also seized RM25,327 in cash during the raid. "Our investigations suggest that the two suspects are the masterminds behind the smuggling operation. "Intelligence indicates they rented homestays as storage facilities for the drugs before shipping them to Europe," he said, adding that the syndicate has been active since January. Both suspects have no prior criminal records and tested negative for drugs during urine tests. The suspects are facing charges under Section 39B of the Dangerous Drugs Act 1952, which carries the death penalty or life imprisonment upon conviction, in addition to a minimum of 12 strokes of the cane. Authorities are also investigating how the Chinese suspect entered Malaysia. Both men have been remanded to assist with further investigations, and police are continuing operations to locate additional members of the syndicate. Anyone with information related to such activities is urged to contact the NCID Hotline at 012-208 7222.
Zawya
11-02-2025
- Business
- Zawya
Bahrain Duty Free reports $13.27mln net profit for 2024
Bahrain Duty Free Shop Complex announced at a meeting of its board of directors yeterday the financial results for the full year ended December 31, 2024. Abdulla Buhindi, chairman of the board, stated that the company had achieved a net profit of BD344,327 during the fourth quarter of 2024 compared to BD584,334 for the same quarter of the previous year representing a decrease of 41.1 per cent mainly due to impairment of property and land. Earnings per share during the quarter were 24.20 fils compared to 4.10 fils in the same quarter of last year. Total comprehensive loss for the quarter was BD226,327 due to prevailing market conditions and comparing to a loss of BD 325,747 in the same quarter of last year. For the full year ended December 31, 2024, the company achieved a net profit of BD5,015,428 compared to BD4,286,890 in the previous year representing an increase of 17.0pc. Earnings per share as of December 31, 2024, were 35.25 fils compared to 30.13 fils last year. Total comprehensive income increased to BD3,447,428 compared to BD2,388,987 in the previous year representing an increase of 44.3pc. Profits from investments recorded BD6,053,800 for the year compared to BD5,144,877 in the same period last year representing an increase of 17.7pc. For the Year ended December 31 2024 and comparing to December 31 2023, shareholders equity is BD43,490,786 comparing to BD44,416,085 representing a decline of 2.1pc, while total assets stand at BD43,870,257 compared to BD44,732,885, down by 1.9pc. Based on the financial results, the board of directors has recommended for the approval of shareholders at record date, the day on which all shareholders whose names are on the share register will be entitled to dividends, a full year cash dividend of 35pc for share nominal value equivalent to 35 fils per share amounting total of BD4,979,518. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
