Latest news with #AMLA
Business Recorder
4 days ago
- Business
- Business Recorder
First major arrest made under AMLA: Probe ordered into ‘Future Vision' scam: DG NAB
LAHORE In pursuance of the public welfare-oriented vision of Chairman NAB, the National Accountability Bureau, Lahore convened mega open court chaired by Director General NAB Lahore, Ghulam Safdar Shah. The event was marked by the substantial participation of victims from various high-profile corruption scandals, reflecting public confidence in NAB's redressal mechanisms. Victims of Future Vision scam, Bahria Cuisines scam, Omega Housing scandal, New Lahore City, Pak-Arab Housing Society, Khayaban-e-Amin Housing Society, Eden Garden, and Professional Cooperative Housing Society earnestly approached the forum to present their grievances by seeking institutional support and intervention for their redressal. While addressing the open court, DG NAB Lahore, Ghulam Safdar Shah reaffirmed the Bureau's unwavering commitment to safeguarding public interest and upholding the principles of transparency, accountability, and justice. He stated that NAB Lahore has executed its first major arrest under the Anti-Money Laundering Act (AMLA), marking a pivotal milestone in the Bureau's pursuit against financial misappropriation. He further disclosed that, in response to a multitude of complaints received from the general public, a direct inquiry has been formally authorised in the Future Vision Scam. However, in order to prevent further financial exploitation, categorical instructions have been issued that individuals operating fraudulent Ponzi schemes be immediately placed on the Exit Control List (ECL). The DG underlined that all operations are being undertaken in strict compliance with the directives of the Honourable Chairman NAB, whose guidance remains instrumental in driving the institution's citizen-centric agenda. NAB's resolve remains firm to bring all culpable elements to justice and to ensure that the aggrieved parties are duly compensated, he added. He further remarked that, unlike prior practices, the current model of Khuli Katcheri encourages direct interface between victims and housing society administrations, thereby facilitating pragmatic and result-oriented dispute resolution. Weekly monitoring of progress on individual cases is being conducted under his supervision is meant to maintain fair momentum and institutional vigilance. Owing to the relentless efforts and dedicated interventions of NAB Lahore, billions of rupees have been recovered, benefitting thousands of citizens who had fallen prey to fraudulent schemes. The victims present on the occasion expressed profound appreciation for the dynamic leadership and proactive measures taken by DG NAB Lahore, and acknowledged that the regular convening of open courts, is a reflection of Chairman NAB's unwavering commitment to public facilitation and institutional transparency. Copyright Business Recorder, 2025
Malaysian Reserve
21-07-2025
- Business
- Malaysian Reserve
Chow: PDC cooperating fully in AMLA probe into PWC project
GEORGE TOWN — The Penang Development Corporation (PDC) is giving its full cooperation to police in the investigation by the Bukit Aman Anti-Money Laundering (AMLA) Special Task Force into the Penang World City (PWC) project, which has been linked to the Mobility Beyond Imagination (MBI) investment scheme. Penang Chief Minister Chow Kon Yeow, who is also PDC Chairman, said the corporation has submitted all relevant financial documents and meeting minutes related to the PWC project to Bukit Aman, whose investigation is ongoing at the national level. 'On July 9, the Bukit Aman AMLA team visited PDC as part of a nationwide investigation into the MBI investment scheme. The visit was conducted in accordance with AMLA procedures as part of the authorities' efforts to trace and verify the flow of funds potentially linked to the scheme. 'PDC is giving its full cooperation to assist in investigating any possibility of suspicious fund movements connected to the MBI investment scheme,' he said at a press conference at the Chief Minister's Office in Komtar here today. Elaborating further, Chow said the investigation focuses on payments made to PDC by Mutiara Metropolis Sdn Bhd (MMSB), formerly known as Tropicana Ivory Sdn Bhd (TISB), for the purchase of land involved in the PWC project between 2011 and 2019. He said the probe is being conducted under AMLA procedures and involves multiple entities and jurisdictions across the country, with PDC being included as an interested party due to past commercial transactions carried out in accordance with proper processes during that period. 'PDC remains committed to the principles of transparency, integrity and good governance, and will continue to cooperate with all enforcement agencies. The submitted documents include four main agreements signed in relation to the PWC project to date,' he said. He said the four agreements comprise the Sale and Development Agreement between the Penang Chief Minister (Incorporated) [CMI], PDC and Ivory Properties Group Berhad (IPGB) dated Nov 11, 2011; the First Supplemental Agreement between CMI, PDC and IPGB dated Oct 24, 2013; the Second Supplemental Agreement dated June 23, 2014; and the Novation cum Supplemental Agreement involving PDC, CMI, IPGB and TISB dated Nov 1, 2019. He added that land reclamation work for the PWC project is currently about 68 per cent complete, with overall development progress — including current and future phases — reaching 44 per cent. 'This mega project is viewed as a catalyst for mixed development growth on the island side of the state and has involved collaboration among various parties over the past decade,' he said. In March, Chow had stressed that PDC had no direct involvement with the MBI scheme and that its land sale processes were carried out in accordance with prescribed procedures, and not through any MBI-related transactions. He was also reported as stating that the sale of land in Bayan Mutiara to Ivory Properties Group was conducted via a standard tender process in 2011. — BERNAMA
Barnama
21-07-2025
- Business
- Barnama
PDC Cooperating Fully In AMLA Probe Into PWC Project
GEORGE TOWN, July 21 (Bernama) – The Penang Development Corporation (PDC) is giving its full cooperation to police in the investigation by the Bukit Aman Anti-Money Laundering (AMLA) Special Task Force into the Penang World City (PWC) project, which has been linked to the Mobility Beyond Imagination (MBI) investment scheme. Penang Chief Minister Chow Kon Yeow, who is also PDC Chairman, said the corporation has submitted all relevant financial documents and meeting minutes related to the PWC project to Bukit Aman, whose investigation is ongoing at the national level. 'On July 9, the Bukit Aman AMLA team visited PDC as part of a nationwide investigation into the MBI investment scheme. The visit was conducted in accordance with AMLA procedures as part of the authorities' efforts to trace and verify the flow of funds potentially linked to the scheme. 'PDC is giving its full cooperation to assist in investigating any possibility of suspicious fund movements connected to the MBI investment scheme,' he said at a press conference at the Chief Minister's Office in Komtar here today. Elaborating further, Chow said the investigation focuses on payments made to PDC by Mutiara Metropolis Sdn Bhd (MMSB), formerly known as Tropicana Ivory Sdn Bhd (TISB), for the purchase of land involved in the PWC project between 2011 and 2019. He said the probe is being conducted under AMLA procedures and involves multiple entities and jurisdictions across the country, with PDC being included as an interested party due to past commercial transactions carried out in accordance with proper processes during that period. 'PDC remains committed to the principles of transparency, integrity and good governance, and will continue to cooperate with all enforcement agencies. The submitted documents include four main agreements signed in relation to the PWC project to date,' he said. He said the four agreements comprise the Sale and Development Agreement between the Penang Chief Minister (Incorporated) [CMI], PDC and Ivory Properties Group Berhad (IPGB) dated Nov 11, 2011; the First Supplemental Agreement between CMI, PDC and IPGB dated Oct 24, 2013; the Second Supplemental Agreement dated June 23, 2014; and the Novation cum Supplemental Agreement involving PDC, CMI, IPGB and TISB dated Nov 1, 2019. He added that land reclamation work for the PWC project is currently about 68 per cent complete, with overall development progress — including current and future phases — reaching 44 per cent.
India Today
11-07-2025
- Health
- India Today
Amla explained: Uses, benefits, and healing properties
'Amla, the powerhouse of nature for inner balance and vitality,' — as described by the Ministry of AYUSH, reflects the revered status this humble fruit holds in India's traditional health systems. Celebrated for centuries in Ayurveda, Amla (Indian Gooseberry) is not just a seasonal fruit but a complete wellness remedy. Packed with potent nutrients and antioxidants, it continues to be a vital ingredient in natural healing and preventive careadvertisementWHERE AMLA IS FOUNDAmla is predominantly grown inIndia – the largest producer and traditional user of Amla in Ayurvedic practices. Sri Lanka – where it's a part of Siddha and traditional medicinal – used in traditional Chinese medicine and modern health ability to thrive in tropical and subtropical climates has made it a globally respected fruit in holistic health AMLA IS CELEBRATED IN AYURVEDAAmla holds a sacred place in Ayurvedic texts due to its broad spectrum of health benefits:It balances the three doshas — Vata, Pitta, and Kapha — making it suitable for all body for revitalizing energy, it is believed to enhance inner balance and consumed in the form of powders, juices, candies, or supplements, it supports overall vitality and is why it's honoured as the 'king of Rasayanas'—herbal preparations that promote youthfulness, longevity, and POWERS OF AMLAAmla's nutritional density includes high levels of Vitamin C, polyphenols, flavonoids, and minerals, contributing to multiple healing properties:SHARPENS BRAIN & VISIONRich in antioxidants, Amla supports cognitive function and eye health. It nourishes brain cells, improves memory, and reduces oxidative VITAL ORGANSAmla tones the heart, liver, and lungs. It's known to promote cardiovascular health by reducing bad cholesterol and strengthening the arterial IN DIARRHEA, STOMACH & UTERINE WEAKNESSWith natural astringent properties, Amla helps manage gastrointestinal issues like loose motions, acidity, and stomach women, it's used to support uterine health and hormonal & CALMING BY NATUREIt's cooling energy soothes inflammation and irritation in the body, making it excellent for reducing Pitta has a calming effect on both the mind and you're adding it to your diet through chyawanprash, herbal teas, or fresh juice, Amla offers a wide array of scientifically-backed health benefits. In a time when natural immunity and preventive health are more important than ever, Amla proves to be a time-tested remedy rooted in India's rich tradition of next time you're looking for a simple, effective way to boost your health, turn to Amla, nature's elixir of life.- EndsMust Watch
Focus Malaysia
10-07-2025
- Business
- Focus Malaysia
Contrasting fate: Zaid berates MACC's double standards of charging Muhyiddin but not Ismail Sabri
FORMER e facto law minister Datuk Zaid Ibrahim has taken a swipe at the Malaysian Anti-Corruption Commission (MACC) for only forfeiting over RM169 mil in cash belonging to Datuk Seri Ismail Sabri Yaakob but unwilling to charge Malaysia's ninth premier in court with any criminal offence. On the contrary, Bersatu president Tan Sri Muhyiddin Yassin faces four charges under the MACC Act 2009 and two under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) involving a total of RM200 mil, including RM195 mil allegedly transferred into the party's account held with CIMB Islamic Bank. Additionally, Muhyiddin, 78, was charged in the Kuala Lumpur Sessions Court with abusing his power as prime minister in connection with the Jana Wibawa programme by seeking to obtain RM232 mil for Bersatu in 2021. 'MACC has seized RM169 mil in cash, RM1.5 mil in gold and frozen 43 bank accounts, all of which are linked to Ismail Sabri's former senior private secretary and possibly himself but no charges were made,' the opposition-slant UMNO member penned on X. Muhyiddin: RM232 million allegedly flowed into Bersatu accounts. He was charged under abuse of power and AMLA Ismail Sabri: MACC seized RM169 million in cash, RM1.5 million in gold, and frozen 43 bank accounts; all linked to his former senior private secretary and possibly… — Zaid Ibrahim (@zaidibrahim) July 8, 2025 'It defies logic that the one with physical money recovered isn't charged while the other is.' Recall that on Monday (July 7), the anti-graft agency had filed an application to forfeit over RM169 mil in cash belonging to Ismail Sabri The application was filed at the Kuala Lumpur Sessions Court on Monday (July 7) by the deputy public prosecutor who named Ismail Sabri's former political secretary Datuk Mohammad Anuar Mohd Yunus and the Bera MP as first and second respondents. 'Ismail Sabri not critical of Madani gov't' Additionally, the former premier with the shortest stint of 14 months were also subject to a series of questioning between March and June 25 when MACC head honcho Tan Sri Azam Baki revealed that the probe into the corruption and money laundering allegations linked to the former has been completed. Following this, Azam had contended that the investigation papers had been submitted to the deputy public prosecutor's office for further action. On this note, Zaid argued that 'MACC has the power to go for civil forfeiture or to go for a criminal conviction' but that power has to be exercised properly and with good reason. 'MACC's excuse of no criminal element found (in Ismail Sabri's case) is vague and unconvincing. In fact, the MACC chief (commissioner Tan Sti Azam Bali) claimed there were only 'governance issues' in Ismail Sabri's case. Really?' asked the former defence counsel of now incarcerated Datuk Seri Najib Razak. 'So when MACC want to charge someone, they say possible corruption and abuse of power but if not, its governance issue. 'But money doesn't appear magically in bags and safes. If MACC believes the money is linked to corruption, then someone committed a crime. If not Ismail Sabri, then who? And why hasn't anyone been charged?' In essence, Zaid described the entire episode as rooted in political alignment of Muhyiddin and Ismail Sabri. It smells of political convenience. Ismail Sabri, though no longer in power, is supportive of Madani and has not criticised PMX Datuk Seri Anwar Ibrahim. In fact, he has maintained silence on Madani policies. Muhyiddin is a direct political opponent and leads the opposition bloc. This creates the perception that if you're friendly with the regime, you get a civil forfeiture. If you're not, you get charged in court. The rule of law demands equal treatment. Justice cannot be 'pick and choose.' If the authorities believe Muhyiddin's conduct merited criminal charges, they must apply the same threshold to Ismail Sabri – or explain clearly why not. This is not just a legal inconsistency. It's a moral failure of the justice system under the Madani administration. – July 10, 2025
