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New Straits Times
6 days ago
- Business
- New Straits Times
Diesel syndicate busted in raid on illegal storage facility
SHAH ALAM: A syndicate exploiting fleet cards to obtain subsidised diesel was uncovered in a raid at an illegal storage site in Taman Sri Muda last night. The special operation, which began at around 7pm, was carried out by the Selangor Domestic Trade and Cost of Living Ministry in collaboration with the Selangor police contingent headquarters. During the raid, five individuals were caught red-handed while transferring subsidised diesel from a bonded lorry to a tanker, unaware of the enforcement team's presence. One of the suspects, a man known as Rav, said he was the 'leader' of the other four drivers. "I manage the tanker lorry by transporting it from the store to another location in Shah Alam. I leave the lorry there and someone else will come to pick it up. "I get paid about RM200 a day and have only been working here for six months. This place is rented by my boss named 'Ong' for RM2,000 a month," he said when met at the scene. Selangor Domestic Trade and Cost of Living Ministry director Mohd Zuhairi Mat Radey said the raid followed a month-long intelligence operation, which uncovered diesel transfer activities suspected to be linked to fleet card abuse. "During the raid, we detained five local men, aged between 30 and 45, all working as lorry drivers. "Checks showed the tanker lorry was connected to a bonded lorry modified with IBC (Intermediate Bulk Container) tanks," he said during a press conference at the location. Mohd Zuhairi said nine vehicles were seized, including a 30-tonne tanker lorry, four canvas lorries, two bonded lorries, a van and a prime mover. The ministry also confiscated 7,000 litres of diesel worth an estimated RM19,390, 14 IBC tanks, pumps and connecting hoses. Mohd Zuhairi said the premises had no valid licence to store controlled diesel, and the drivers did not possess proper documentation for the fuel. "We found that the drivers used fleet cards and were believed to have purchased the subsidised fuel at petrol stations around Shah Alam. "The diesel was then transferred into the tanker lorries at this site before being sold on the black market," he said. Mohd Zuhairi added that investigations are ongoing to track down the syndicate's mastermind, with the case being investigated under Section 21 of the Supply Control Act 1961.
The Sun
27-05-2025
- Business
- The Sun
Powerwell achieves FY25 revenue of RM137.4 million
SHAH ALAM: Home-grown power distri-bution specialist manufacturing low voltage (LV) and medium voltage electrical distribution equipment Powerwell Holdings Bhd's revenue came in at RM137.4 million for the financial year ended March 31, 2025 (FY25) compared to RM154.8 million a year ago, chiefly attributed to lower contribution from overseas. On a brighter note, Malaysia segment posted a year-on-year (YoY) increase of 38.7% to RM135.6 million for FY25 vis-à-vis RM97.7 million last year, mainly driven by higher deliveries. At the bottom-line, Powerwell posted a profit after tax and non-controlling interest (PATNCI or net profit) of RM19 million for FY25, versus RM19.7 million in the previous year, largely due to the aforementioned lower contribution from the overseas market. Nevertheless, the group's net profit margin remained healthy at 13.9% for FY25, compared to 12.7% in the prior year. Managing director Catherine Wong Yoke Yen said, 'We are pleased to close FY25 on a solid note against the backdrop of a demanding business environment marked by elevated macroeconomic uncertainty. More excitingly, our Malaysia segment delivered commendable double-digit growth driven by higher deliveries.' Looking ahead, she said they see ample opportunities to capitalise on, given their leading position and track record in the power distribution industry, particularly in the data centre, large-scale infrastructure, semiconductor, renewable energy and high-end manufacturing segments. Furthermore, she said the establishment of the Johor-Singapore Special Economic Zone presents new growth opportunities for Powerwell. 'Our team continues to work actively on more tenders, while our order book remains healthy at approximately RM116 million as at end-March 2025,' said Wong. 'On the mergers and acquisitions (M&A) front, we are pleased to share that we completed the acquisition of a 51% stake in Firerex Technology Sdn Bhd and Brandrich Fire Solutions Sdn Bhd respectively in April 2025. These synergistic acquisitions broaden our capabilities and offerings, strengthening our position along the value chain. At the same time, we continue to explore further M&A opportunities to elevate our market position.' 'All in all, we are upbeat on Powerwell's prospects, underpinned by our order book and exciting opportunities ahead. Meanwhile, the group remains mindful of the ongoing geopolitical tensions, which have created a volatile trade environment characterised by tariffs, export controls, and supply chain restrictions that may impede global market access and influence capital allocation,' Wong said. For the current quarter under review, the group's revenue jumped 2.2 folds to RM47.5 million from RM21.9 million in Q4'24, on the back of higher deliveries. Sequentially, Q4'25 net profit rose 16.2% YoY to RM7.5 million vis-à-vis RM6.5 million. The board has declared a first interim dividend of 1 sen per share amounting to approximately RM5.8 million for the current quarter under review. This represents a 30.5% payout based on FY25 net profit of RM19 million.
New Straits Times
27-05-2025
- New Straits Times
State sports officer charged with corruption involving wife's company
SEREMBAN: A senior officer with the Negri Sembilan Youth and Sports Department pleaded not guilty in the Sessions Court here today to two charges of abusing his position to secure contracts for a company owned by his wife in 2021 and 2022. Rosdi Pilus, 50, an S44 grade officer, entered the plea after the charges were read before Judge Darmafikri Abu Adam. He is accused of abusing his position by processing an RM19,990 payment voucher for the procurement of accommodation and refreshments for the Southern Zone Packaging Design and Product Labelling Technology Course, a contract that was awarded to MAAR Diversified Enterprise, owned by his 51-year-old wife. He is also accused of approving RM5,000 in favour of the same company for the procurement of services for the state-level 2022 National Sports Day programme. Both offences were allegedly committed at the Negri Sembilan Youth and Sports Department on Nov 18, 2021 and Feb 23, 2022, respectively. He was charged under Section 23(1) of the Malaysian Anti-Corruption Commission Act 2009 (MACC Act), which is punishable by up to 20 years imprisonment and a minimum fine of five times the gratification sum or RM10,000, whichever is higher, upon conviction. Malaysian Anti-Corruption Commission prosecuting officer Zainab Yahaya requested that the court impose a bail of RM15,000 for both charges. However, the accused's lawyer, Muhammad Wajih Zakwan Hanif, appealed for a minimum amount, citing his client's financial constraints, low flight risk and full cooperation with MACC during the investigation. The court subsequently allowed bail at RM5,000 with one surety for both charges and fixed the next case mention for July 7.
Barnama
27-05-2025
- Barnama
Senior Govt Officer Pleads Not Guilty To Securing Contracts For Wife
SEREMBAN, May 27 (Bernama) -- A senior officer with the Negeri Sembilan Youth and Sports Department pleaded not guilty in the Sessions Court here today to two charges of abusing his position to secure contracts for a company owned by his wife in 2021 and 2022. Rosdi Pilus, 50, an S44 grade officer, entered the plea after the charges were read before Judge Darmafikri Abu Adam. He is accused of abusing his position by processing an RM19,000 payment voucher for the procurement of accommodation and refreshments for the Southern Zone Packaging Design and Product Labelling Technology Course, a contract that was awarded to MAAR Diversified Enterprise, owned by his 51-year-old wife.
The Star
27-05-2025
- The Star
Senior govt officer accused of securing jobs for wife's firm
SEREMBAN: A senior officer with the Negri Sembilan Youth and Sports Department pleaded not guilty in the Sessions Court here Tuesday (May 27) to two charges of abusing his position to secure contracts for a company owned by his wife in 2021 and 2022. Rosdi Pilus, 50, an S44 grade officer, entered the plea after the charges were read before judge Darmafikri Abu Adam. He is accused of abusing his position by processing a RM19,000 payment voucher for the procurement of accommodation and refreshments for the Southern Zone Packaging Design and Product Labelling Technology Course, a contract that was awarded to MAAR Diversified Enterprise, owned by his 51-year-old wife. He is also accused of approving RM5,000 in favour of the same company for the procurement of services for the state-level 2022 National Sports Day programme. The offences were allegedly committed at the department on Nov 18, 2021 and Feb 23, 2022, respectively. He was charged under Section 23(1) of the Malaysian Anti-Corruption Commission (MACC) Act 2009, punishable by up to 20 years' imprisonment and a minimum fine of five times the gratification sum or RM10,000, whichever is higher, upon conviction MACC prosecuting officer Zainab Yahaya requested bail of RM15,000 for both charges. However, the accused's lawyer, Muhammad Wajih Zakwan Hanif, appealed for a minimum amount, citing his client's financial constraints, low flight risk and full cooperation with MACC during the investigation. The court subsequently allowed bail at RM5,000 with one surety for both charges and fixed the next case mention for July 7. – Bernama
