Latest news with #875
Time of India
5 days ago
- Time of India
Bus conductor's bag stolen in Panjapur KKBT
Trichy: Unidentified thieves stole the collection bag of a conductor attached to the Tamil Nadu State Transport Corporation (TNSTC) in Panjapur KKBT. Fortunately, there was no cash in the bag. Tired of too many ads? go ad free now According to police, the bag contained Rs43,875 worth of bus tickets, and an ATM card. Police said that M Santhanakumar, 22, was assigned duty on Trichy-Pudukottai route on July 20. After keeping his collection bag near the mirror in the bus front's portion, Santhanakumar left for the TNSTC office in the terminus to register his signature for duty. When he returned, he was shocked to see the bag missing. CCTV footage is being analyzed to identify the culprit. E Pudur police have registered a case.
The Star
6 days ago
- Business
- The Star
High Court strikes Anwar's name and Govt from Mukhriz's tax assessment case
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim and the government have successfully had their names struck out from an application for judicial review filed by Datuk Seri Mukhriz Mahathir, related to an Inland Revenue Board (LHDN) additional tax assessment exceeding RM5mil. Mukhriz, 60, filed the application on Dec 20 last year, naming the revenue CEO or director-general, Anwar in his capacity as the Finance Minister, and the government as the first, second, and third respondents, respectively. In Thursday's (July 24) proceedings, Justice Amarjeet Singh allowed the application by Anwar and the government to strike out their names after hearing submissions from both parties. However, Justice Amarjeet dismissed the application to strike out several paragraphs in Mukhriz's affidavit that mentioned Anwar and the government. Senior Federal Counsel Irmawatie Daud appeared for the applicants, while lawyer Syed Afiq Syed Albakri represented Mukhriz. On Jan 2, the High Court granted Mukhriz leave to challenge the tax notices by LHDN on grounds that there were issues needing exploration. The court fixed Dec 16 to hear the application on its merits. In Mukhriz's judicial review application, he seeks a court order to quash the first respondent's additional tax assessment notice for 2017, 2018, and 2019, amounting to RM5,020,707, on the grounds that the action is illegal and unreasonable. The notices were for additional tax assessments for 2017 (RM2,558,875); 2018 (RM2,445,004); and 2019 (RM16,826). He is also seeking a declaration that the decision to impose the penalty on him under Section 113(2) of the Income Tax Act 1967 is void and beyond legal authority. Mukhriz contends that LHDN wrongfully considered his disposal of shares in Opcom Holdings Bhd and dividends received from M Ocean Capital Sdn Bhd as taxable income, although they were not taxable. He is also seeking general and exemplary damages against the respondents. Earlier in March, Anwar and the government applied to strike out their names, contending there was no need to list them as respondents in the judicial review. They argued that naming them in the lawsuit was "clearly frivolous, vexatious, and an abuse of court process that is obviously unsustainable."
New Straits Times
23-06-2025
- New Straits Times
Over RM7mil in drugs, cash and assets seized in Johor
JOHOR BARU: Police have crippled a drug syndicate and seized over RM6.87 million worth of narcotics in raids at Mutiara Rini. A 45-year-old man and two Vietnamese women were arrested during two operations on June 14 and 15, during which police confiscated more than 42kg of various drugs. Johor police chief Datuk M. Kumar said the women, aged 34 and 23, were believed to be working as the man's aides. Initial investigations revealed the syndicate had been active since early this year, operating out of two rented double-storey terrace houses used to process, repackage and store drugs. "The first house, rented under the main suspect's name since April 2023, contained 2,670g of powder believed to be ecstasy and 368g of suspected cannabis. "We believe the drugs were processed and packaged at this location. "Following the arrest, the suspect led police to another house about 1km away, which he had rented just last month. "There, police seized 38,022g of suspected ecstasy powder and 1,375g of suspected ketamine. We believe this second premises was used as a drug storage facility before distribution," he said at a press conference at the Johor police headquarters today. Kumar said the total value of the seized drugs was RM6,875,354 — enough to supply 146,195 addicts. In addition to the drugs, police confiscated processing and repackaging equipment, two vehicles, RM49,150 in cash, SGD2,580 (about RM8,835), and assorted jewellery, bringing the total value of seizures to more than RM7.14 million. Kumar said the syndicate processed the drugs and repackaged them into small packets ranging from 30g to 100g, selling them locally for between RM250 and RM350 each. "The suspect identified buyers and marketed the drugs via social media. "Some of the drugs were delivered directly by syndicate members, while others were left at designated drop-off points for buyers to collect," he said. Urine tests showed all three suspects tested positive for methamphetamine, ketamine and benzodiazepines. They have been remanded until this Thursday for investigation under Section 39B of the Dangerous Drugs Act 1952 for drug trafficking, and Section 6(3) of the Immigration Act 1959/63 for immigration offences.
Rakyat Post
14-06-2025
- Rakyat Post
Malaysian Hides In Truck Container To Smuggle Into Singapore
Subscribe to our FREE A Malaysian man hid inside a truck container attempting to enter Singapore illegally. Still, he was discovered and arrested on the spot by Singapore's Immigration and Checkpoints Authority (ICA) officers at the checkpoint. The ICA posted on Facebook last night, stating that their enforcement officers had discovered a suspicious Malaysian-registered truck at Singapore's Tuas Checkpoint the day before and had requested an enhanced inspection. As a result, they found the man lying prone and hiding in a corner of the container, attempting to evade border control. Heavy Penalties Await Immigration Violators The truck driver, attendant, and the stowaway were all arrested for further investigation by the ICA enforcement team. ICA emphasised that it takes a serious stance against any attempts to enter or exit Singapore illegally and will not hesitate to prosecute violators. The post also noted that under Singapore's Immigration Act 1959, those who illegally depart without a valid passport can be fined up to S$2,000 (approximately RM6,625), imprisoned for up to six months, or both upon conviction. Those who assist others in illegal departure can be sentenced to imprisonment for six months to two years and fined up to S$6,000 (approximately RM19,875). Vehicles involved in illegal activities may also be confiscated. While there have been past attempts to smuggle contraband such as cigarettes and vapes at the Singapore-Malaysia checkpoint, human smuggling, let alone using a truck container, is perhaps unheard of at this border crossing, making this case particularly unusual for border enforcement authorities. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
IOL News
13-06-2025
- Business
- IOL News
How this mining company turned R10,000 into just R125 in five years
Sable Exploration and Mining (SEAM) has incinerated 99.55% of investor value since 2019 – turning R10,000 into just R125 – while reporting a R47 million annual loss, seemingly operating without a CEO, and its auditors have questioned its ongoing viability. Image: SoraAI Sable Exploration and Mining (SEAM) has incinerated 99.55% of investor value since 2019 – turning R10,000 into just R125 – while reporting a R47 million annual loss, seemingly operating without a CEO, and its auditors have questioned its ongoing viability. Yet it continues to attract investment, a history of failed rebrands, and joint ventures with entities like Boo Wa Ndo, whose owner publicly seeks funding to "make the dream a reality'. Five years ago, the stock was trading at 11c and has lost 99.55% since then. Your loss from your investment would be R9,875. The industrial metals and mining company, which received a demand for an annual general meeting on 10 December 2024, is currently worth R2.8 million. In fact, it is doubtful as to why the company still even exists. Its auditors, CM & Associates Incorporated, questioned its ongoing viability as a business in their opinion statement in the latest annual report, given that it incurred a net loss of R47 million for the year to February. SEAM's then CEO, James Allan, who has since retired, noted in the annual report that it lost a 'considerable' amount in profit because of a joint venture partner's failure to provide funding for a project. IOL could not find a statement to shareholders indicating it had appointed a new CEO. The company also has a history of attempted buyouts and consequent name changes. In 2023, PBNJ Trading and Consulting offered shareholders 100c a share to buy out the rest of the company it did not already own. Only 9.8% of all the SEAM shareholders accepted the offer, resulting in PBNJ Trading and Consulting owning 59.9%. At that stage, its shares were worth 99c. In 2012, it listed under the form of Sable Platinum and its name was changed to Sable Metals and Minerals in March 'to more fully reflect the broader mineral interests of the company,' it said on its website. Consequently, it was approached by unnamed Middle Eastern investors who wanted to focus on diamond acquisitions, but they never came through with the funding. Regardless, the company's name changed to Middle East Diamond Resources Limited in January 2016. Because the promised investment never happened, trading in shares was suspended until 2022, by which time it had brought its accounts up to date and changed it name again, this time to Sable Exploration and Mining. Despite reporting losses, it has successfully attracted investment from Ironveld, which committed to funding the completion of a beneficiation plant to produce magnetite. SEAM has also signed a deal with Boo Wa Ndo for the latter to buy a 55% interest in the prospecting rights and mining permits over two properties in Limpopo. Boo Wa Ndo is apparently owned by Thulani Ngwenya, who says on his LinkedIn profile that he's seeking investment for his projects to 'make the dream a reality'. 'This transaction strengthens SEAM's asset base and aligns with its exploration mandate and will improve the cashflow,' it said upon announcing the deal. Interestingly, one of its independent executive directors is Hazel Bango-Moyo, a CA with more than 19 years of experience. Bango-Moyo, who this contributor has personally met, is exceptionally bubbly and has won awards. She started Primorial in 2017 to help small businesses grow by offering financial services advice, including support in filing their tax returns. IOL Business
