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New Straits Times
2 hours ago
- Business
- New Straits Times
[UPDATED] Op Metal: 28 companies raided in scrap metal, e-waste smuggling syndicate crackdown
KUALA LUMPUR: Graftbusters have raided 28 companies allegedly involved in a scrap metal and e-waste smuggling syndicate operating across five states, which is believed to have cost the government over RM950 million in lost export tax revenue to date. Sources revealed that the raids were carried out by the Malaysian Anti-Corruption Commission's (MACC) Special Operations Division (BOK), through the Multi-Agency Task Force (MATF), in collaboration with the Customs Department, Inland Revenue Board and Bank Negara Malaysia since July 14. "Investigations are ongoing, and to date, 32 individuals have had their statements recorded. "No arrests have been made yet, but the probe remains active," the source said. The source added that assets worth RM332.5 million have been frozen or seized so far. "This includes RM149.5 million in bank accounts, vehicles valued at RM1.8 million, properties worth RM15.5 million, land worth RM165 million and luxury watches valued at RM700,000," the source said. Meanwhile, MACC Special Operations senior director Datuk Mohamad Zamri Zainul Abidin confirmed the raids. He said the case is being investigated under Sections 16 and 18 of the MACC Act 2009, as well as for offences related to money laundering. It was reported that MACC has recorded a statement from a man with the title Datuk Seri, who is believed to be linked to the smuggling syndicate. It was previously reported that scrap metal was being smuggled out of the country for export by falsely declaring it as machinery or other types of metal not subject to the 15 per cent export tax imposed by the government. The 'Datuk Seri' is believed to be among those involved in the illegal export of scrap metal to evade the tax. The MACC, through Op Metal, which began on July 14, had]s uncovered that the smuggling of metal scrap has resulted in over RM950 million in revenue losses to the country over the past six years, averaging RM160 million annually.
New Straits Times
2 hours ago
- Business
- New Straits Times
Op Metal: 28 companies raided in scrap metal, e-waste smuggling syndicate crackdown
KUALA LUMPUR: Graftbusters have raided 28 companies allegedly involved in a scrap metal and e-waste smuggling syndicate operating across five states, which is believed to have cost the government over RM950 million in lost export tax revenue to date. Sources revealed that the raids were carried out by the Malaysian Anti-Corruption Commission's (MACC) Special Operations Division (BOK), through the Multi-Agency Task Force (MATF), in collaboration with the Customs Department, Inland Revenue Board and Bank Negara Malaysia since July 14. "Investigations are ongoing, and to date, 32 individuals have had their statements recorded. "No arrests have been made yet, but the probe remains active," the source said.
New Straits Times
3 days ago
- New Straits Times
Op Metal: MACC records statements from 32 people
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has recorded statements from 32 people in connection with its investigation under Op Metal, which involves a syndicate linked to the smuggling of scrap metal and e-waste across five states. According to a source, investigations are ongoing to identify elements of corruption under Sections 16 and 18 of the MACC Act 2009. "The MACC has recorded a statement from a man with the title Datuk Seri, who is believed to be linked to the smuggling syndicate. "So far, statements from 32 people have been recorded to assist in the investigation. "However, no arrests have been made at this time," the source said today, adding that the total value of seized and frozen assets currently exceeds RM332 million. It was previously reported that scrap metal was being smuggled out of the country for export by falsely declaring it as machinery or other types of metal not subject to the 15 per cent export tax imposed by the government. The 'Datuk Seri' is believed to be among those involved in the illegal export of scrap metal to evade the tax. The syndicate was uncovered after the MACC launched a series of raids across five states, exposing an estimated RM950 million in lost tax revenue over the past six years. The commission's Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin previously confirmed that the total value of seized assets and frozen accounts related to the case had reached RM332 million. This includes the freezing of 324 bank accounts, comprising 142 company accounts and 182 individual accounts, with a combined value of nearly RM150 million. In addition, assets worth RM183 million were also seized. The MACC, through Op Metal, which began on July 14, uncovered that the smuggling of metal scrap had caused more than RM950 million in revenue losses to the country over the past six years, an average of RM160 million annually.
The Star
15-07-2025
- Business
- The Star
MACC seizes RM183mil in assets from scrap metal smuggling syndicate
BUTTERWORTH: The Malaysian Anti-Corruption Commission (MACC) has seized various assets estimated to be worth over RM183mil following raids on a scrap metal smuggling syndicate. The raids, carried out in five states—Penang, Selangor, Negri Sembilan, Johor, and Kedah—began on Monday (July 14) and progressed across various factories on Tuesday (July 15). According to the MACC, the raids were conducted by their Special Operations Division in collaboration with the Customs Department, the Inland Revenue Board, and Bank Negara through the Ops Metal Multi-Agency Task Force. "The raids saw 45 company accounts and 82 individual banking accounts being frozen, involving about RM51mil. "The seized assets included eight properties in Penang — three bungalow units in Batu Maung, one penthouse unit in Tanjung Tokong, one shoplot unit in Bayan Lepas, 12.54ha (31 acres) of land in Nibong Tebal, 2.8ha (7.1 acres) of land in Batu Uban, 2.26ha (5.6 acres) of land in Juru, as well as more than 793ha (1,960 acres) of oil palm plantation land in Kuala Krai, Kelantan. "MACC seized six luxury cars estimated to be worth more than RM1.9mil as well," the statement on Tuesday (July 15) read. It said during the raid, they seized five branded watches estimated to be worth more than RM740,000. MACC chief commissioner Tan Sri Azam Baki confirmed the freezing of bank accounts and the seizure of the properties, luxury vehicles, and watches. He said that following the operation on Monday (July 14), MACC conducted searches at 13 new locations in Penang, Kedah, Johor, and around the Klang Valley on Tuesday. "MACC is currently identifying parties who are in cahoots with this syndicate that smuggles out the metal and e-waste through the Klang and Penang ports, causing the government to lose an estimated RM950mil in tax revenue over the past six years. "The focus of the investigation is on offences under Sections 16 (offenses related to soliciting or accepting gratification) and 18 (offence of intending to deceive by providing false claims) of the MACC Act 2009. "In addition to the investigation, we are analysing and identifying elements of other criminal offences, including money laundering activities. "This includes investigations carried out by other agencies involved in this operation into offences under the Income Tax Act 1967 and the Customs Act 1967," he said.
Malaysiakini
15-07-2025
- Business
- Malaysiakini
MACC busts scrap metal smuggling rings, over RM950m loss in tax revenue
The MACC has launched a major crackdown on scrap metal smuggling syndicates operating in five states, which are believed to have paid bribes to enforcement officers, resulting in an estimated tax revenue loss of over RM950 million to the government. The raids were carried out by the MACC's Special Operations Division through the Multi-Agency Task Force, in collaboration with the Royal Malaysian Customs Department, the Inland Revenue Board, and Bank Negara Malaysia.
