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The Sun
3 days ago
- The Sun
Two Taiwanese men arrested as police bust lab producing drug-laced vape liquid
KUALA LUMPUR: Police arrested two Taiwanese men who were operating a laboratory for processing drug-laced vape liquid during a raid on a condominium in Brickfields, here last Wednesday, with a seizure of drugs worth RM3.29 million. Acting Director of the Narcotics Crime Investigation Department (JSJN) Bukit Aman, DCP Mat Zani @ Mohd Salahuddin Che Ali, said the raid at 10:30pm found 20 five-liter plastic containers (jelly cans) and six 0.5-liter plastic bottles containing amphetamine vape liquid. In addition, various equipment for processing drug-laced vape liquid was also found, such as a mixer, heating machine, weighing scale, sealing machine, three glass beakers, one plastic funnel, and 95 empty cartridges believed to be for filling the drug-laced vape liquid. 'Initial technical analysis found that this syndicate is believed to be processing vape liquid containing Amphetamine (Fluoroamphetamine, Paramethoxyamphetamine) which has psychoactive and toxic effects similar to ecstasy on its users. 'The adverse effects of consumption include seizures, liver failure, extreme body temperature, psychosis, brain damage, emotional disturbances, extreme addiction, and even sudden death due to heart attack or respiratory failure,' he said during a JSJN press conference at the Bukit Aman Police Headquarters, here today. Mohd Salahuddin said both suspects, aged 30 and 35, served as chemists and obtained the drug ingredients from China. He said that to ensure their drug-laced vape liquid processing activities were not detected, the syndicate used condominiums with complete security as a place to process and package the illicit substances. 'This premise was rented at RM4,100 per month, and it is believed that they change processing locations every three months, bringing in chemists from Taiwan and recruiting local workers to mislead the authorities. 'Both suspects also played a role in guarding the vape liquid processing site and delivering it to customers. They entered our country using a social visit pass and had entered the country twice, at the beginning of this year and early this month,' he said. He stated that the amphetamine drug-laced vape liquid was sold to the local market at RM180 per cartridge and internationally at around RM400 per cartridge. Meanwhile, he said that urine screening tests found both suspects negative for drugs but had past criminal records in their home country. 'We have checked the past records of both these suspects through our cooperation with the Ministry of Justice Investigation Bureau (MJIB) and the Criminal Investigation Bureau of Taiwan to trace their past records in their country and assist in the full investigation of this case. 'The results revealed that the first suspect had previously driven under the influence of alcohol and drugs, while the second suspect has various criminal records, including murder, drug trafficking, and firearms,' he said. The case is being investigated under Section 39B of the Dangerous Drugs Act 1952, and action is also being taken under the Dangerous Drugs (Forfeiture of Property) Act 1988, with the seizure of a Honda AFS125 motorcycle belonging to the first suspect, valued at RM7,000.
The Sun
3 days ago
- The Sun
Taiwanese duo held over drug-laced vape lab bust
KUALA LUMPUR: Police arrested two Taiwanese men who were operating a laboratory for processing drug-laced vape liquid during a raid on a condominium in Brickfields, here last Wednesday, with a seizure of drugs worth RM3.29 million. Acting Director of the Narcotics Crime Investigation Department (JSJN) Bukit Aman, DCP Mat Zani @ Mohd Salahuddin Che Ali, said the raid at 10:30pm found 20 five-liter plastic containers (jelly cans) and six 0.5-liter plastic bottles containing amphetamine vape liquid. In addition, various equipment for processing drug-laced vape liquid was also found, such as a mixer, heating machine, weighing scale, sealing machine, three glass beakers, one plastic funnel, and 95 empty cartridges believed to be for filling the drug-laced vape liquid. 'Initial technical analysis found that this syndicate is believed to be processing vape liquid containing Amphetamine (Fluoroamphetamine, Paramethoxyamphetamine) which has psychoactive and toxic effects similar to ecstasy on its users. 'The adverse effects of consumption include seizures, liver failure, extreme body temperature, psychosis, brain damage, emotional disturbances, extreme addiction, and even sudden death due to heart attack or respiratory failure,' he said during a JSJN press conference at the Bukit Aman Police Headquarters, here today. Mohd Salahuddin said both suspects, aged 30 and 35, served as chemists and obtained the drug ingredients from China. He said that to ensure their drug-laced vape liquid processing activities were not detected, the syndicate used condominiums with complete security as a place to process and package the illicit substances. 'This premise was rented at RM4,100 per month, and it is believed that they change processing locations every three months, bringing in chemists from Taiwan and recruiting local workers to mislead the authorities. 'Both suspects also played a role in guarding the vape liquid processing site and delivering it to customers. They entered our country using a social visit pass and had entered the country twice, at the beginning of this year and early this month,' he said. He stated that the amphetamine drug-laced vape liquid was sold to the local market at RM180 per cartridge and internationally at around RM400 per cartridge. Meanwhile, he said that urine screening tests found both suspects negative for drugs but had past criminal records in their home country. 'We have checked the past records of both these suspects through our cooperation with the Ministry of Justice Investigation Bureau (MJIB) and the Criminal Investigation Bureau of Taiwan to trace their past records in their country and assist in the full investigation of this case. 'The results revealed that the first suspect had previously driven under the influence of alcohol and drugs, while the second suspect has various criminal records, including murder, drug trafficking, and firearms,' he said. The case is being investigated under Section 39B of the Dangerous Drugs Act 1952, and action is also being taken under the Dangerous Drugs (Forfeiture of Property) Act 1988, with the seizure of a Honda AFS125 motorcycle belonging to the first suspect, valued at RM7,000.
Barnama
3 days ago
- Barnama
Two Taiwanese Men Arrested As Police Bust Lab Producing Drug-Laced Vape Liquid
KUALA LUMPUR, May 30 (Bernama) -- Police arrested two Taiwanese men who were operating a laboratory for processing drug-laced vape liquid during a raid on a condominium in Brickfields, here last Wednesday, with a seizure of drugs worth RM3.29 million. Acting Director of the Narcotics Crime Investigation Department (JSJN) Bukit Aman, DCP Mat Zani @ Mohd Salahuddin Che Ali, said the raid at 10:30pm found 20 five-liter plastic containers (jelly cans) and six 0.5-liter plastic bottles containing amphetamine vape liquid. In addition, various equipment for processing drug-laced vape liquid was also found, such as a mixer, heating machine, weighing scale, sealing machine, three glass beakers, one plastic funnel, and 95 empty cartridges believed to be for filling the drug-laced vape liquid. 'Initial technical analysis found that this syndicate is believed to be processing vape liquid containing Amphetamine (Fluoroamphetamine, Paramethoxyamphetamine) which has psychoactive and toxic effects similar to ecstasy on its users. 'The adverse effects of consumption include seizures, liver failure, extreme body temperature, psychosis, brain damage, emotional disturbances, extreme addiction, and even sudden death due to heart attack or respiratory failure,' he said during a JSJN press conference at the Bukit Aman Police Headquarters, here today. Mohd Salahuddin said both suspects, aged 30 and 35, served as chemists and obtained the drug ingredients from China. He said that to ensure their drug-laced vape liquid processing activities were not detected, the syndicate used condominiums with complete security as a place to process and package the illicit substances. 'This premise was rented at RM4,100 per month, and it is believed that they change processing locations every three months, bringing in chemists from Taiwan and recruiting local workers to mislead the authorities. 'Both suspects also played a role in guarding the vape liquid processing site and delivering it to customers. They entered our country using a social visit pass and had entered the country twice, at the beginning of this year and early this month,' he said.
New Straits Times
4 days ago
- Business
- New Straits Times
Hong Leong Bank earnings dip on BOCD drag, says Maybank IB
KUALA LUMPUR: Hong Leong Bank Bhd's nine months of financial year 2025 (9MFY25) results came in below expectations largely on account of lower earnings estimates from Bank of Chengdu (BOCD), according to Maybank Investment Bank Bhd (Maybank IB). Hong Leong Bank's third quarter (Q3) FY25 core net profit of RM1.05 billion took 9MFY25 core net profit to RM3.29 billion. Maybank IB said the results were 70 per cent to 72 per cent of the bank's full-year forecast/consensus, mainly on account of lower associate contributions and a higher effective tax rate. "Lower associate contributions stemmed from the reduction in the group's shareholding in BOCD to 17.8 per cent from 19.8 per cent, following the full conversion of the latter's convertible bonds," it said. Taking Hong Leong Bank's latest financial results into consideration, Maybank IB has trimmed its FY25/FY26/FY27 net profit forecasts by 3.4 per cent/6.1 per cent/6.4 per cent respectively, largely to factor in lower earnings from BOCD. Correspondingly, the bank has lowered its target price from RM24.30 to RM22.80, and maintained a Buy on the stock. "Nevertheless, we continue to like Hong Leong Bank for its strong asset quality, liquid balance sheet and management's proactive stance in driving faster domestic growth," it added.
New Straits Times
26-05-2025
- Business
- New Straits Times
Foreigners reverse trend with RM392.3mil outflow after four weeks: MIDF
KUALA LUMPUR: Foreign investors reversed their position to net selling after a four-week buying streak that saw cumulative inflows of RM3.29 billion. In a note today, MIDF Research said that the week ending May 23 recorded a net foreign outflow of RM392.3 million, bringing the year-to-date (YTD) net foreign outflow to RM9.8 billion. Notably, the firm said the past four weeks marked the only period of foreign inflows for the year. "Foreign investors were net sellers on every trading day, with outflow ranging from RM0.9 million to RM207.7 million. "The largest outflow was recorded on Thursday at RM207.7 million, followed by Tuesday with RM80.5 million," it added. Meanwhile, MIDF Research said the three sectors that recorded the highest net foreign inflows were utilities (RM56.5 million), construction (RM54.4 million), and telecommunications and media (RM48.1 million). The top three sectors that recorded the highest net foreign outflows were financial services (RM240.9 million), consumer products & services (RM139.1 million) and industrial products & services (RM86.2 million). The firm also noted that local institutions ended their four-week selling streak with net inflows amounting to RM222.9 million, bringing their YTD net buying to RM7.9 billion. It added that local retailers also reversed their five-week outflow trend, recording a net inflow of RM169.4 million. "The average daily trading volume (ADTV) saw a broad-based decline last week. "Local institutions and local retailers saw a decrease of 36.8 per cent and 28.1 per cent respectively, while foreign investors saw a decline of 29.1 per cent," it said.
