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Borneo Post
4 days ago
- Borneo Post
Drugs worth nearly RM1 mln seized from condominiums in KK
Jauteh showing some of the drugs that were seized by the police. KOTA KINABALU (June 11): Police seized nearly RM1 million worth of drugs in a series of raids at two luxury condominiums in the state capital earlier this month. Sabah Police Commissioner Datuk Jauteh Dikun said a 23-year-old local man was arrested during the 7.45pm raid on July 4. A team from the Narcotic Division of the Kota Kinabalu Police Contingent (IPD-KK) raided the condominium units located at Jalan Haji Saman and in Jesselton. Both units were reportedly used to store syabu, ketamine and ecstasy, believed to be for both local and international distribution. 'In the first raid, police found a plastic bag containing 790.56 grams of syabu. Also seized were a money counting machine, digital scale and drug packaging equipment,' Jauteh said in a statement on Friday. Following the initial operation, police raided a second condominium rented by the suspect, where they found two plastic packets containing 14.14 grams of ketamine. The suspect then led investigators to a vehicle parked near the Sabah Art Gallery Outdoor Artspace. Inside the vehicle, police discovered a luggage bag and a box containing 12.7 kilograms of syabu, 6.9 kilograms of ketamine, 25 packets of ecstasy juice and 10 ecstasy pills. The total estimated value of the drugs seized was RM960,000. Police also confiscated two luxury four-wheel drive vehicles, bringing the total value of the seized drugs and assets to RM1.23 million. Jauteh said preliminary investigations indicate the drugs were smuggled into Sabah via air before being trafficked to neighbouring countries. 'The drugs seized could have supplied up to 100,000 drug addicts,' he said. The suspect tested positive for methamphetamine and amphetamine but has no prior criminal record. He is currently under remand for further investigation under Section 39B of the Dangerous Drugs Act 1952. Meanwhile, Jauteh revealed that Sabah police have seized RM6.56 million worth of drugs in the first six months of this year, almost doubling the RM2.62 million recorded during the same period in 2024. 'This RM3.94 million increase reflects the success of continuous intelligence and enforcement operations by the police,' he said. In total, Sabah police conducted 8,170 raids and arrested 8,542 drug-related suspects in the first half of 2025.
Borneo Post
4 days ago
- Borneo Post
RM1 million drug seized from condominiums in KK
Jauteh showing some of the drugs that were seized by the police. KOTA KINABALU (June 11): Police seized nearly RM1 million worth of drugs in a series of raids at two luxury condominiums in the state capital earlier this month. Sabah Police Commissioner Datuk Jauteh Dikun said a 23-year-old local man was arrested during the 7.45pm raid on July 4. A team from the Narcotic Division of the Kota Kinabalu Police Contingent (IPD-KK) raided the condominium units located at Jalan Haji Saman and in Jesselton. Both units were reportedly used to store syabu, ketamine and ecstasy, believed to be for both local and international distribution. 'In the first raid, police found a plastic bag containing 790.56 grams of syabu. Also seized were a money counting machine, digital scale and drug packaging equipment,' Jauteh said in a statement on Friday. Following the initial operation, police raided a second condominium rented by the suspect, where they found two plastic packets containing 14.14 grams of ketamine. The suspect then led investigators to a vehicle parked near the Sabah Art Gallery Outdoor Artspace. Inside the vehicle, police discovered a luggage bag and a box containing 12.7 kilograms of syabu, 6.9 kilograms of ketamine, 25 packets of ecstasy juice and 10 ecstasy pills. The total estimated value of the drugs seized was RM960,000. Police also confiscated two luxury four-wheel drive vehicles, bringing the total value of the seized drugs and assets to RM1.23 million. Jauteh said preliminary investigations indicate the drugs were smuggled into Sabah via air before being trafficked to neighbouring countries. 'The drugs seized could have supplied up to 100,000 drug addicts,' he said. The suspect tested positive for methamphetamine and amphetamine but has no prior criminal record. He is currently under remand for further investigation under Section 39B of the Dangerous Drugs Act 1952. Meanwhile, Jauteh revealed that Sabah police have seized RM6.56 million worth of drugs in the first six months of this year, almost doubling the RM2.62 million recorded during the same period in 2024. 'This RM3.94 million increase reflects the success of continuous intelligence and enforcement operations by the police,' he said. In total, Sabah police conducted 8,170 raids and arrested 8,542 drug-related suspects in the first half of 2025.
New Straits Times
5 days ago
- New Straits Times
RM1.2mil drug bust: Luxury condos turned into drugs safehouses
KOTA KINABALU: An attempt to use two luxury condominiums as drug storage and distribution hubs was foiled when police raided the units, uncovering narcotics worth nearly RM1 million. The suspect, a 23-year-old local man, had been renting the high-end residences — reportedly for thousands of ringgit per month — as part of a ploy to evade detection. However, his operation came to an abrupt end following a sting by the Narcotics Crime Investigation Division at the Kota Kinabalu District Police Headquarters. The two condominiums, located at Jalan Haji Saman and Jesselton, were allegedly used as "secret bases" to store methamphetamine, ketamine and ecstasy for both local and international distribution. Sabah police commissioner Datuk Jauteh Dikun said the first raid took place at 7.45pm on July 4, during which a bag containing 790.56g of suspected syabu (methamphetamine) was found, along with a money-counting machine, digital weighing scales and drug-packaging equipment. "On the following day, a second condominium rented by the suspect was raided, where officers discovered two plastic packets containing 14.14g of suspected ketamine," he told reporters after the monthly assembly at the Sabah Police Headquarters today. The suspect later led police to a locked Toyota Yaris parked at a public car park near the Sabah Art Gallery Outdoor Artspace. Inside, investigators found a suitcase and a box containing 12.7kg of syabu, 6.9kg of ketamine, 25 packets of ecstasy juice and 10 ecstasy pills. The drugs are estimated to be worth RM960,000. Police also seized two luxury vehicles, including a Toyota Hilux, bringing the total value of the seizures to RM1.23 million. Preliminary investigations indicate that the syndicate brought drugs into Sabah by air before trafficking them to neighbouring countries. "The narcotics seized could have supplied more than 100,000 doses to addicts," Jauteh said. The suspect, who tested positive for methamphetamine and amphetamine, has no prior criminal record. He is currently being held under remand and investigated under Section 39B of the Dangerous Drugs Act 1952, which carries the mandatory death penalty upon conviction.
Barnama
30-06-2025
- Business
- Barnama
Yinson's Net Profit Slips To RM115 Mln In Q1 Ended April 30, 2025
KUALA LUMPUR, June 30 (Bernama) -- Yinson Holdings Bhd's net profit for the first quarter ended April 30, 2025, fell to RM115.0 million from RM203.0 million recorded in the same period a year ago. Revenue for the quarter under review also fell to RM1.23 billion from RM2.21 billion previously, Yinson said in a filing with Bursa Malaysia today. "The results were due to lower income from engineering, procurement, construction, installation, and commissioning (EPCIC) activities, in line with the progress of construction work, as well as higher administrative costs as the company transitions from a heavy investment phase to a more operational phase," it said.
New Straits Times
30-06-2025
- Business
- New Straits Times
Yinson's Q1 earnings drop 43pct to RM115mil, revenue down to RM1.23bil
KUALA LUMPUR: Yinson Holdings Bhd's net profit for the first quarter ended April 30, 2025 (1QFY26) fell 43 per cent to RM115 million from RM203 million in the same period last year. This was primarily due to the reclassification of FPSO Anna Nery as a joint venture following its disposal and higher administrative expenses. Its revenue dropped 44 per cent to RM1.23 billion from RM2.21 billion in the same quarter last year, mainly due to reduced contributions from engineering, procurement, construction, installation and commissioning (EPCIC) activities. The performance was also due to FPSO Maria Quitéria and FPSO Atlanta having already achieved first oil on Oct 15 and Dec 31, 2024 respectively, while the Agogo FPSO remains in its final construction phase. Yinson said the ongoing progress of its projects under construction remains on track and aligned with the group's expectations. The company declared an interim single-tier dividend of 2.0 sen per share for the financial year 2026, amounting to approximately RM56 million, with the entitlement and payment dates set for Sept 4 and Sept 26 respectively. In a filing with Bursa Malaysia, Yinson said demand in the FPSO market remains strong, particularly for contractors like itself that offer emissions reduction technologies and have a proven track record in timely delivery, safety, and operational excellence. "The demand for FPSOs is positive with the increase in project sanctions around the world particularly from Brazil, being the highest FPSO demand centre, followed by West Africa," it said. In the face of various macroeconomic challenges such as geopolitical tensions, inflation, and tighter financial conditions, Yinson added that it will continue to implement prudent strategies to manage inflation and interest rate risks. "As part of our ongoing efforts to focus on the core areas of our business, we will also strategically and continuously review our non-FPSO businesses for streamlining opportunities," it said. Yinson expressed confidence in the outlook for its core businesses, stating that its investments in building a strong sustainability foundation will position the company well to navigate ongoing uncertainties.
