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New Straits Times
22-05-2025
- Business
- New Straits Times
[UPDATED] MACC probes dubious investments in GLC linked to 'Tan Sri'
PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) will be gathering information from at least three countries as part of an investigation into questionable investment transactions involving a government-linked company. Its Chief Commissioner Tan Sri Azam Baki said the countries identified included Brazil, the Netherlands, and Singapore. "Testimonies and evidence relating to these overseas financial transactions are crucial in supporting the ongoing investigation into alleged corruption and money laundering," he told reporters today. He added that two Malaysians, believed to have acted as proxies in the investment activities, were also being tracked down. The probe is centred on a prominent corporate figure bearing the title "Tan Sri", suspected of involvement in money laundering linked to the ownership of Sapura Energy Bhd (SEB) shares worth over RM500 million. "To date, we have recorded statements from five individuals, including the Tan Sri in question," Azam said. "We expect to call in at least 13 more individuals to assist with the investigation." He said that the MACC had frozen over 100 bank accounts linked to the Tan Sri, his family members, and associated companies, amounting to more than RM217 million. On May 9, Sapura Energy Bhd issued a statement assuring clients, partners and stakeholders that its business operations and financial activities — including access to its bank accounts — remained unaffected and would continue as usual. The assurance followed news reports citing anonymous sources regarding the MACC investigation into a corporate figure, with speculation linking the probe to SEB shares and the historic merger between SapuraKencana Petroleum Bhd and Sapuracrest Petroleum Bhd. On May 8, it was reported that the MACC had opened an investigation paper against the individual, suspected of money laundering in relation to SEB shareholdings. Sources indicated that the investigation also covered suspected corruption involving several investments made after the merger of SapuraKencana Petroleum Bhd and Sapuracrest Petroleum Bhd — the entities that later formed Sapura Energy Bhd. Searches were carried out at several locations, including Sapura@Mines, Menara Permata Sapura — which houses Sapura Holdings Sdn Bhd — as well as the individual's residences in Selangor and Kuala Lumpur.
The Sun
24-04-2025
- The Sun
Three men arrested for stealing electricity for bitcoin mining
JOHOR BAHRU: Three men, 40 to 48, have been arrested for stealing electricity for bitcoin mining activities, causing losses of up to RM1.28 million. Johor police chief Datuk M Kumar said the three, who were part of a syndicate, were arrested in an operation conducted with the cooperation of the Tenaga Nasional Bhd (TNB) on April 22 and 23. The team also seized 87 Bitcoin mining rigs worth RM217,500 in nine raids on premises around Johor Bahru, Seri Alam, Kulai, Segamat and Tangkak 'Various mobile phones, laptops, routers and several keys were also seized. The group targets residential areas and shoplots as operation areas. 'Electricity theft caused TNB to suffer losses of RM1,289,371.86,' he said in a statement today, adding that the case is being investigated under Section 427 of the Penal Code and Section 37(1) of the Electricity Supply Act 1990.
Barnama
24-04-2025
- Barnama
Three Men Arrested For Stealing Electricity For Bitcoin Mining
JOHOR BAHRU, April 24 (Bernama) -- Three men, 40 to 48, have been arrested for stealing electricity for bitcoin mining activities, causing losses of up to RM1.28 million. Johor police chief Datuk M Kumar said the three, who were part of a syndicate, were arrested in an operation conducted with the cooperation of the Tenaga Nasional Bhd (TNB) on April 22 and 23. The team also seized 87 Bitcoin mining rigs worth RM217,500 in nine raids on premises around Johor Bahru, Seri Alam, Kulai, Segamat and Tangkak
The Star
24-04-2025
- The Star
Electricity theft for crypto mining: Three arrested in Johor raids
JOHRO BARU: Police have arrested three men for stealing electricity to mine cryptocurrency. Johor police chief Comm Datuk M. Kumar said that a cryptocurrency mining syndicate was dismantled with the arrest. He stated that at least nine premises were raided in Johor Baru, Seri Alam, Kulai and Tangkak on April 22 and 23. 'We seized some 87 machines used to mine the cryptocurrency,' he said, adding that the mining machines were worth RM217,500. Police also seized mobile phones, laptops, routers and other items from the syndicate. All three suspects, who were in their 40s, have since been remanded to assist with the investigation. Comm Kumar added that the syndicate has been using premises in residential areas and shop lots to carry out its activities, resulting in Tenaga Nasional suffering losses totalling RM1.28mil. He said that police would continue to clamp down on such activities and urged the public with information to contact the police hotline at 07-2212999.
New Straits Times
24-04-2025
- New Straits Times
Johor cops smash bitcoin-mining syndicate that stole over RM1.2m in electricity
JOHOR BARU: Johor police crippled a syndicate that stole electricity on a massive scale to power illegal bitcoin-mining operations, causing Tenaga Nasional Berhad (TNB) losses exceeding RM1.28 million. The two-day joint operation, codenamed Op Elektrik, was carried out on April 22 and 23 by Johor police's Criminal Investigation Department and TNB's Southern Region Special Engagement against Losses (SEAL) team. It led to the arrest of three men, aged between 40 and 48, and the seizure of 87 bitcoin- mining machines valued at RM217,500. Johor police chief Datuk M. Kumar said the syndicate had been tapping electricity illegally from residential and shop lot areas in Johor Baru, Seri Alam, Kulai, Segamat and Tangkak. "Nine premises were raided. Besides the mining rigs, police also seized multiple laptops, mobile phones, routers and door keys believed to be connected to the illegal operations," Kumar said in a statement today. The case is being investigated under Section 427 of the Penal Code for committing mischief causing significant financial loss, and Section 37(1) of the Electricity Supply Act 1990 for tampering with electrical installations, which carries up to five years' jail or a RM100,000 fine, or both, upon conviction. "This is part of our commitment to aggressively clamp down on electricity theft, especially involving cryptocurrency mining activities," Kumar said. He urged the public to report suspicious activities to the nearest police station or contact the Johor Police Hotline at 019-2792095 or the state police operations centre at 07-2212999.
