malaymail.com 04 May, 2021 13:15 am

In Johor, syndicate crippled after misappropriating RM15 million worth of cooking oil in six months

In Johor, syndicate crippled after misappropriating RM15 million worth of cooking oil in six months
PASIR GUDANG, May 4 — The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has successfully crippled a syndicate that misappropriated subsidised cooking oil worth about RM15 million within a six-month period. The ministry’s Putrajaya Enforcement (Operations) deputy director Shamsul...

PASIR GUDANG, May 4 — The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has successfully crippled a syndicate that misappropriated subsidised cooking oil worth about RM15 million within a six-month period.“Based on preliminary investigations, we estimate that the syndicate had misappropriated between 500,000 to 1,000,000 packs of cooking oil within a month, involving a value of RM2.“The syndicate’s modus operandi was to extract cooking oil from one kilogramme (kg) packs before transferring into tanks for export abroad.“The syndicate procures cooking oil supplies from 15 different brands involving licensed manufacturers and wholesalers from around the Klang Valley, Pahang, Kedah and Perak,” said Shamsul Nizam.

During the raid, the authorities found 10,149 packs of 1kg cooking oil and 4.5 tonnes of cooking oil, worth RM280,000, that was stored in a tank.

Read full story at malaymail.com