Latest news with #Anti-TerrorismFinancingandProceedsofUnlawfulActivitiesAct2001
The Star
11 hours ago
- Politics
- The Star
Prosecution must answer for lapse leading to Najib's DNAA in SRC case, says Rafizi
PETALING JAYA: The prosecution must confirm whether the Attorney General's Chambers (AGC) will refile charges against Datuk Seri Najib Razak without delay in the SRC International money laundering case, says Datuk Seri Rafizi Ramli. The Pandan MP stressed that the necessary documentation must be prepared without delay to ensure the case proceeds promptly in court. 'In 2019, Najib was charged under Section 4(1)(a) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 for allegedly receiving RM27mil in illicit funds related to SRC. 'However, despite being charged since 2019, the trial has yet to begin as the prosecution has not completed the supporting documents needed for court proceedings. 'I urge the prosecution to confirm that the AGC will refile the charges as soon as possible and prepare the necessary documents accordingly, so that the case can proceed without further delay,' he said in a statement on Friday (June 20). Rafizi said he respected Najib's right to apply for a discharge not amounting to an acquittal (DNAA), given the lengthy delay, and also respected the decision by High Court Judge K. Muniandy in granting the application. 'Yet I do not understand why the prosecution has taken so long, since 2019, to prepare the documents required to initiate the case,' he said. He added that this was particularly troubling given the case's connection to SRC International, for which Najib is currently serving a prison sentence following a conviction in a separate but related trial. 'From my own experience studying and exposing the 1MDB and SRC scandals, the SRC case has among the clearest money trails,' Rafizi said. He said the prosecution must answer for this lapse, adding that many Malaysians do not want to see the case fall apart due to the government's failure to submit the necessary documentation in court for a scandal that has already seen a guilty verdict. Earlier today, the Kuala Lumpur High Court granted Najib a DNAA in the money laundering case involving government-owned entity SRC International. 'As an MP, I will continue to monitor the progress of this case closely to ensure it remains in the public eye,' Rafizi said.
New Straits Times
2 days ago
- New Straits Times
KL raid uncovers 15,000 fake designer shoes
KUALA LUMPUR: The operations of a counterfeit goods syndicate distributing fake merchandise nationwide were crippled following the seizure of 15,000 pairs of shoes and slippers during a raid at a wholesale complex along Jalan Tuanku Abdul Rahman recently. Kuala Lumpur Domestic Trade and Cost of Living Ministry (KPDN) director Mohd Sabri Seman said the counterfeit items were discovered in eight warehouses believed to be owned by a local man. He said the syndicate is believed to have set up base in the capital two months ago and frequently relocated within the Klang Valley to evade detection by the authorities. "The raid was the result of three weeks of intelligence work by the ministry's Federal Territory enforcement team, which successfully uncovered the syndicate's operations. "The raiding party confiscated 15,000 pairs of counterfeit branded slippers and shoes, with an estimated total value of nearly RM400,000," he said at a press conference yesterday. Mohd Sabri said most of the counterfeit products are believed to have originated from China and entered Malaysia via sea routes. Investigations revealed that the syndicate imported the goods at RM4 per pair of slippers and RM20 per pair of shoes, before reselling them at several times the cost to traders across the country, including some in neighbouring nations. Preliminary findings indicate that the slippers were sold for between RM40 and RM50 a pair, while the shoes fetched between RM100 and RM120. "In addition to the warehouses, we also discovered a showroom believed to be a covert display centre used by wholesalers to showcase various models to prospective traders. "We also suspect that these counterfeit products are being marketed online," he added. A local man in his early 20s, believed to be the warehouse manager, was arrested to assist with the investigation. "The case is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001), due to the scale of the operation and the involvement of a syndicate. "This seizure involved 12 luxury brands, and the ministry has received commendable cooperation from the respective brand representatives. "Without the collaboration of trademark holders, we would not have been able to proceed with the case," he said.
The Star
2 days ago
- Business
- The Star
Counterfeit luxury goods worth RM400,000 seized in KL
Sabri (left) said the syndicate has been operating for about two months, and also took orders from Sabah and Sarawak. – BERNAMApic KUALA LUMPUR: The Domestic Trade and Cost of Living Ministry has seized more than 15,000 pairs of counterfeit goods worth RM400,000 at a wholesale complex near Jalan Tunku Abdul Rahman here. Its Kuala Lumpur director Mohd Sabri Seman said the seizure followed a two-week investigation involving eight storage units and two showrooms used for wholesale operations to retailers nationwide. "For slippers, the syndicate involved would buy them for as low as RM4 and sell them to retailers for RM20 to RM30. "For shoes, they would buy them for as little as RM20 and sell them for RM100 to RM120,' he told a press conference here on Wednesday (June 18). He said a Malaysian man in his early 20s working at the premises was detained to assist in the investigation. According to Sabri, the syndicate is believed to have been operating for the past two months and also took orders from Sabah and Sarawak. The case is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. So far this year, he said, the ministry has opened 64 cases in Kuala Lumpur involving intellectual property under Ops Jeriji 6.0. It has seized 30,100 units of goods worth RM1.5mil and arrested 10 suspects under the operation. "We will continue to intensify enforcement activities on intellectual property, including the Trademark Act 2019, the Trade Descriptions Act 2011 and the Copyright Act 1987, to combat the sale of counterfeit goods,' he said. Sabri also advised consumers not to support sellers of counterfeit goods and said traders who violate the law risk severe penalties. – Bernama
The Sun
2 days ago
- Business
- The Sun
Counterfeit luxury goods worth RM400,000 seized
KUALA LUMPUR: A syndicate distributing counterfeit luxury brand shoes and slippers was busted after the Ministry of Domestic Trade and Cost of Living (KPDN) seized more than 15,000 pairs of counterfeit goods worth RM400,000 at a wholesale complex near Jalan Tunku Abdul Rahman, here, last Monday. KPDN Kuala Lumpur director Mohd Sabri Seman said the seizure followed a two-week investigation involving eight storage units and two showrooms used for wholesale operations to retailers nationwide. 'For slippers, the syndicate buy them for as low as RM4 before selling them back to retailers for RM20 to RM30, while for shoes, they buy them for as low as RM20 and sell them for between RM100 and RM120,' he told a press conference here today. He said a Malaysian man, who is in his early 20s and works at the premises, was detained to assist in the investigation. According to Mohd Sabri, the syndicate is believed to have been operating for the past two months and has also received orders from Sabah and Sarawak. The case is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. So far, the Kuala Lumpur KPDN has opened 64 cases involving intellectual property with seizures of up to 30,100 units of goods, worth RM1.5 million, and arrested 10 individuals, under Ops Jeriji 6.0 this year. 'The Kuala Lumpur KPDN will continue to intensify enforcement activities on intellectual property, including the Trademark Act 2019, the Trade Description Act 2011 and the Copyright Act 1987, to combat the sale of counterfeit goods,' he said. Mohd Sabri also advised consumers not to support counterfeit goods and issued a stern warning to parties who violate existing laws, including the risk of severe punishment for errant traders.
Barnama
2 days ago
- Business
- Barnama
Counterfeit Luxury Goods Worth RM400,000 Seized
KUALA LUMPUR, June 18 (Bernama) -- A syndicate distributing counterfeit luxury brand shoes and slippers was busted after the Ministry of Domestic Trade and Cost of Living (KPDN) seized more than 15,000 pairs of counterfeit goods worth RM400,000 at a wholesale complex near Jalan Tunku Abdul Rahman, here, last Monday. KPDN Kuala Lumpur director Mohd Sabri Seman said the seizure followed a two-week investigation involving eight storage units and two showrooms used for wholesale operations to retailers nationwide. 'For slippers, the syndicate buy them for as low as RM4 before selling them back to retailers for RM20 to RM30, while for shoes, they buy them for as low as RM20 and sell them for between RM100 and RM120,' he told a press conference here today. He said a Malaysian man, who is in his early 20s and works at the premises, was detained to assist in the investigation. According to Mohd Sabri, the syndicate is believed to have been operating for the past two months and has also received orders from Sabah and Sarawak. The case is being investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. So far, the Kuala Lumpur KPDN has opened 64 cases involving intellectual property with seizures of up to 30,100 units of goods, worth RM1.5 million, and arrested 10 individuals, under Ops Jeriji 6.0 this year. 'The Kuala Lumpur KPDN will continue to intensify enforcement activities on intellectual property, including the Trademark Act 2019, the Trade Description Act 2011 and the Copyright Act 1987, to combat the sale of counterfeit goods,' he said. Mohd Sabri also advised consumers not to support counterfeit goods and issued a stern warning to parties who violate existing laws, including the risk of severe punishment for errant traders.
