Latest news with #RM12
Yahoo
14 hours ago
- Business
- Yahoo
MACC seizes six luxury homes worth RM12m, thoroughbred horse in sukuk funds scandal involving ‘Tan Sri'
KUALA LUMPUR, May 31 – The Malaysian Anti-Corruption Commission (MACC) has seized six luxury homes and a plot of land belonging to a 'Tan Sri' as part of a probe into the alleged misappropriation of sukuk funds meant for highway construction in the Klang Valley. The Star reported citing a source saying properties, estimated to be worth around RM12 million, were confiscated following a raid conducted by the MACC's investigation division. 'During the raid, the MACC also discovered a thoroughbred horse worth hundreds of thousands of ringgit, believed to have been purchased using sukuk funds,' the MACC said in a statement yesterday. 'As a result, the MACC has summoned the individual involved along with his wife for questioning, but only the woman appeared, as her husband reportedly has health issues." MACC added that it planned to call between 30 and 50 witnesses to assist with the investigation. Efforts are ongoing to trace the couple's assets both locally and abroad. Earlier this week, the MACC seized luxury assets worth RM32 million during raids on two residences belonging to the Tan Sri in the capital. MACC investigators confiscated nine high-end vehicles including Bentley, Mercedes-Benz, and Range Rover models valued at nearly RM7 million. The operation also uncovered 217 luxury watches worth RM5 million, 27 designer handbags valued over RM1 million, and jewellery estimated at RM4 million. A hidden storage area containing luxury alcoholic beverages worth RM3 million was also found, believed to be linked to money laundering activities. MACC further seized a RM12 million luxury condominium, with all items now being investigated under the MACC Act 2009 and AMLA 2001. The probe, which began on May 9, follows earlier arrests of four individuals accused of submitting false claims worth RM360 million for a highway project between 2016 and 2017, with over RM36 million in assets seized so far.
The Star
18 hours ago
- Entertainment
- The Star
Owner and buffalo Awang to part after five years
AFTER five years of caring for a 650kg buffalo named Awang, owner Muhammad Faris Aiman in Kuantan is selling it for RM12,000, Harian Metro reported. He explained that he was doing so not because of financial problems but that he had come to realise it was time to let go. 'I have had offers in the past but I wasn't ready to sell it then,' said Muhammad Faris, 25. He said Awang was gifted to him by his father when the buffalo was just one year old. The buyer, he said, wanted to donate Awang to a madrasah for a sacrificial ritual. For Hari Raya Haji this year, he said he had sold 300 cows so far. > Mila Mohsin, the daughter of the late actor Hani Mohsin, is all set to have an acting career, Harian Metro reported. She will appear in the movie Laknat, which premieres on June 5. 'My mother has given me her blessing to be involved in films,' said Mila, 31, referring to Puan Sri Tiara Jacquelina. Mila, who is also a jujitsu trainee, said she was fortunate to have had the chance to learn from her parents. > The venue of the comeback concert by nasyid group Inteam has been switched to a bigger place in view of the overwhelming reception from their fans, Berita Harian reported. This came about after the tickets, which went on sale on May 23, were taken up within two hours. The venue was changed from Zepp Kuala Lumpur to Idea Live Arena in Petaling Jaya that could accommodate about 5,000 fans. Konsert Kasih Kekasih 25 Tahun Inteam, originally slated for Sept 27, was also pushed a day later. 'We decided to change the date and the location after hearing the feedback from our fans,' said Inteam member Mohd Syahril Abdul Khalid. The above article is compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with this ' >'sign, it denotes a separate news item.
![[UPDATED] 'Tan Sri' among new arrests in ponzi crackdown under Op Northern Star](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FHQ130824HZ003_1748576034.jpg&w=3840&q=100)
![[UPDATED] 'Tan Sri' among new arrests in ponzi crackdown under Op Northern Star](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
2 days ago
- Business
- New Straits Times
[UPDATED] 'Tan Sri' among new arrests in ponzi crackdown under Op Northern Star
KUALA LUMPUR: Three more individuals, including a "Tan Sri" linked to a major real estate developer, were arrested to assist police investigations into a Ponzi-style investment scam under Op Northern Star. Commercial Crime Investigation Department acting director Datuk Seri Muhammed Hasbullah Ali said the trio were arrested between May 1 and May 17, following new information obtained during the course of investigations. "As of now, the information gathered found no links to any politician. "To date, a total of 17 individuals were arrested. "The arrests were made around Kuala Lumpur and Penang," he told a press conference here today. The three suspects were remanded for between five and nine days, and were subsequently released on police bail. Police have confiscated 477 properties valued at an estimated RM150 million, four condominium units worth around RM12 million, and RM326,088,127.11 from 37 bank accounts. Additionally, four yachts and three passenger boats valued at RM36.3 million, three luxury vehicles amounting to RM637,100, and two watches worth a total of RM160,000 were also seized. Police further recovered over RM283,000 in cash and five mobile phones, bringing the total value of items seized since the operation began to over RM3.8 billion. Bukit Aman's Anti-Money Laundering Crime Investigation (AMLA) Unit also seized five businesses, including a durian farm, a real estate development company, and a hotel — bringing the total number of businesses seized to eight. "Some of these companies are publicly listed, some are private companies which are operating legally even," he explained. Op Northern Star is an investigation into a Ponzi-type investment scam linked to Mobility Beyond Imagination (MBI). On 22 April, police seized and froze more than RM338.53 million in assets related to the case. On 11 April, four men with "Datuk" titles, including two lawyers, were among eight people arrested in the same probe
The Sun
2 days ago
- Health
- The Sun
Industry revenue soars to new record of RM2.7 billion in 2024
PETALING JAYA: The Malaysian health tourism industry recorded a new high in 2024, with revenue reaching RM2.72 billion, surpassing its target for the year by 9%, said the Malaysia Healthcare Travel Council (MHTC). It said the industry achieved a record volume after serving over 1.6 million foreign patients in private healthcare facilities nationwide last year, an 18% year-on-year increase. MHTC is an agency under the Health Ministry entrusted with positioning and promoting Malaysia as a healthcare travel destination. It said it has 82 healthcare providers registered under its membership programme, including 58 private hospitals, 20 ambulatory care centres and four dental clinics. 'This programme comprises elite members and ordinary members, each reflecting a commitment to world-class standards and patient trust. All members undergo a rigorous evaluation process conducted by a committee of experts in healthcare and regulatory compliance. 'Our elite members represent the most prestigious private healthcare institutions in the country. These hospitals are internationally recognised and hold accreditations from respected global bodies, such as the Joint Commission International, Malaysian Society for Quality in Health, Australian Council on Healthcare Standards, Temos International and the Reproductive Technology Accreditation Committee. 'These institutions demonstrate world-class clinical excellence, patient safety and healthcare delivery. 'Our ordinary members are selected through a stringent evaluation process by a selection committee comprising government and private sector representatives. These hospitals uphold Malaysia's high standards of medical care and quality service, and hold at least one international or national accreditation.' The council highlighted the impact that health tourism has on the country's economy as it not only drives revenue, but also creates employment opportunities and stimulates growth in ancillary sectors, such as hospitality, transportation and retail. 'MHTC is targeting RM12 billion in healthcare travel revenue by 2030 through our integrated healthcare strategy, which combines modern medicine, traditional and complementary medicine, wellness and rejuvenation, and anti-ageing. 'Integrated Healthcare will provide holistic care for patients and synergise the value chain within the industry. This drives exponential value growth, including revenue and profit to the private healthcare sector and government, and will set Malaysia at the crest of healthcare tourism in the world.' The council said the top medical disciplines sought by travellers in 2024 included gastroenterology, obstetrics and gynaecology, orthopaedic surgery, oncology, ear, nose and throat, and cardiology. 'Malaysia's top five health tourism markets are Indonesia, China, India, Singapore and the United Kingdom,' it said.
The Sun
2 days ago
- Health
- The Sun
Malaysia health tourism revenue hits RM2.72 billion in 2024
PETALING JAYA: The Malaysian health tourism industry recorded a new high in 2024, with revenue reaching RM2.72 billion, surpassing its target for the year by 9%, said the Malaysia Healthcare Travel Council (MHTC). It said the industry achieved a record volume after serving over 1.6 million foreign patients in private healthcare facilities nationwide last year, an 18% year-on-year increase. MHTC is an agency under the Health Ministry entrusted with positioning and promoting Malaysia as a healthcare travel destination. It said it has 82 healthcare providers registered under its membership programme, including 58 private hospitals, 20 ambulatory care centres and four dental clinics. 'This programme comprises elite members and ordinary members, each reflecting a commitment to world-class standards and patient trust. All members undergo a rigorous evaluation process conducted by a committee of experts in healthcare and regulatory compliance. 'Our elite members represent the most prestigious private healthcare institutions in the country. These hospitals are internationally recognised and hold accreditations from respected global bodies, such as the Joint Commission International, Malaysian Society for Quality in Health, Australian Council on Healthcare Standards, Temos International and the Reproductive Technology Accreditation Committee. 'These institutions demonstrate world-class clinical excellence, patient safety and healthcare delivery. 'Our ordinary members are selected through a stringent evaluation process by a selection committee comprising government and private sector representatives. These hospitals uphold Malaysia's high standards of medical care and quality service, and hold at least one international or national accreditation.' The council highlighted the impact that health tourism has on the country's economy as it not only drives revenue, but also creates employment opportunities and stimulates growth in ancillary sectors, such as hospitality, transportation and retail. 'MHTC is targeting RM12 billion in healthcare travel revenue by 2030 through our integrated healthcare strategy, which combines modern medicine, traditional and complementary medicine, wellness and rejuvenation, and anti-ageing. 'Integrated Healthcare will provide holistic care for patients and synergise the value chain within the industry. This drives exponential value growth, including revenue and profit to the private healthcare sector and government, and will set Malaysia at the crest of healthcare tourism in the world.' The council said the top medical disciplines sought by travellers in 2024 included gastroenterology, obstetrics and gynaecology, orthopaedic surgery, oncology, ear, nose and throat, and cardiology. 'Malaysia's top five health tourism markets are Indonesia, China, India, Singapore and the United Kingdom,' it said.
