Latest news with #RM431
New Straits Times
29-05-2025
- Business
- New Straits Times
Pelubang water plant upgrading ahead of schedule
ALOR STAR: Upgrading work at the Pelubang Water Treatment Plant (WTP) may be completed ahead of schedule, said contractor Bina Darul Aman Bhd (BDB). Its group executive director, Raja Shahreen Raja Othman, said the RM431 million project was 62.5 per cent complete, slightly ahead of the targeted 62.3 per cent, and might be completed ahead of the extension period that was granted. "Once operational, the facility is expected to improve access to treated water for residents in Kubang Pasu and Kota Setar. "If we factor this into days, it should be an estimated 43 days (ahead of schedule)," he said during a press conference in conjunction with the company's 30th annual grand meeting today. Raja Shahreen stated that timely delivery remained a priority but noted that the project faced several non-construction challenges. "In terms of timing, like it or not, this is something we have to meet, but for us to continue progressing smoothly, we need cooperation from other stakeholders as well. "This isn't just about digging the ground. There are issues involving land acquisition, permits and existing infrastructure such as roads and private properties," he said. Raja Shahreen said BDB was confident of delivering the project on time. "We are committed. We have the financial strength and technical capabilities, but we must also take these external factors into account," he added. The Pelubang WTP upgrading project aims to almost double the plant's capacity, from the current 247 million litres daily to 457 million litres once completed. Last year, the media reported that state Public Works, Natural Resources, Water Supply, Water Resources and Environment Committee chairman Mohamad Yusuf @ Munir Zakaria said the Pelubang WTP had been granted an Extension of Time (EOT) until Dec 21, 2025, due to earlier technical issues. On whether BDB was open to rescuing other delayed water treatment plant projects in Kedah, Raja Shahreen said the company was ready to step in if needed. "We are prepared to assist with stalled projects. Financially, we are stable, and we possess the technical expertise to bring such projects back on track," he said. Meanwhile, Raja Shahreen said BDB recorded a pre-tax profit of RM4.51 million on revenue of RM294.7 million for 2024, compared to a RM14.47 million pre-tax profit from RM313.1 million revenue recorded in the previous year. "Despite the softer financial performance, the group remains optimistic about long-term growth prospects," he said.
New Straits Times
21-05-2025
- New Straits Times
Retired employee scammed of RM431,000 with fake investment promises
KULAI: A retired private sector employee became RM431,000 poorer after falling victim to a scam involving a non-existent investment scheme. Kulai district police chief Assistant Commissioner Tan Seng Lee said that, according to a report lodged by the 67-year-old victim yesterday, he was duped by the investment syndicate after being promised returns of between 20 and 30 per cent within three days. "The victim said he was told by the suspects that the profits would be credited into his investment application account. "The victim then made 32 payment transactions totalling RM431,000 into seven local bank accounts from March 17 to April 15. "After making the payments, the victim checked the application and found the profits had reached RM3 million," he said in a statement today. Tan added that when the victim tried to withdraw the profits, he was asked to make an additional investment of RM30,000. "The victim, who failed to withdraw his investment, began to suspect he was being scammed and reported the matter to the police," he said. The case is being investigated under Section 420 of the Penal Code for cheating.
The Star
20-05-2025
- Business
- The Star
Kulai retiree loses RM431,000 to fake investment scheme
KULAI: A private sector retiree claimed to have lost RM431,000 after being deceived by a syndicate into joining a non-existent investment scheme. Kulai OCPD Asst Comm Tan Seng Lee said the victim was lured by the promise of a 20% to 30% profit within three days of investing in the scheme. "The victim was promised that the profit would be credited into his Demax Global account app," he said in a statement. ACP Tan stated that the 67-year-old local man made 32 transactions totaling RM431,000 into three local bank accounts between March 17 and May 15 of this year. Upon completing the transactions, the victim checked his Demax Global account app and found a RM3mil profit displayed on the screen. "He wanted to withdraw the profit but was instructed to bank in an additional amount of RM30,000," added ACP Tan. The victim realised he was cheated after failing to withdraw the sum and lodged a police report on Tuesday (May 20). The case is being investigated under Section 420 of the Penal Code. ACP Tan reminded the public to be alert and careful, especially in financial transactions involving unknown persons. The public can also visit Semak Mule, contact the CCID Scam Response Centre at 03-26101559 or 03-26101599, or go to Facebook @jsjkpdrm and @cybercrimealertrmp. Scam victims are advised to call the National Scam Response Centre at 997 to report their case.
Daily Express
20-05-2025
- Daily Express
Misuse of over RM430k: Man charged
Published on: Tuesday, May 20, 2025 Published on: Tue, May 20, 2025 By: Jo Ann Mool Text Size: Each charge under Section 403 of the Penal Code carries a jail term of between six months and five years, whipping and liability of a fine, on conviction. Kota Kinabalu: A man was charged in the Magistrate's Court here with two counts of misappropriation of property amounting to RM431,700.90. Jonathan Benjamin, who appeared before Magistrate Dzul Elmy Yunus pleaded not guilty to both charges. Advertisement On the first count, Jonathan was accused of dishonestly misusing a company property, specifically daily sales cash amounting to RM222,776, between January 2023 and December the same year at the KK Garden Seafood Restaurant Gaya branch. Jonathan was accused of dishonestly using the company's money, namely daily sales cash totalling RM208,924.90 between January and December 2024 at the KK Garden Seafood Restaurant's Gaya branch. Each charge under Section 403 of the Penal Code carries a jail term of between six months and five years, whipping and liability of a fine, on conviction. Prosecuting Officer Inspector Mohamad Hamidi Mohamad Hamzah, proposed bail at RM4,000. Advertisement Jonathan's counsel applied for a lower bail amount. The court fixed July 4 for pre-trial case management (ptcm) and released the accused on a bail of RM2,000 in two sureties. In another case, a 35-year-old man was charged with attempting to shoplift. Rabsun Saranglali pleaded not guilty to trying to steal 12 different types of grocery items at Servay Jaya, OneBorneo Mall in Manggatal, on March 4, this year, at 5.52pm. He was charged under Section 380/511 of the Penal Code. The court set July 4 for ptcm and offered the accused RM1,800 bail in two sureties. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
