Multi-billion ringgit black cocaine smuggling drug lord has assets seized


KUALA LUMPUR: The drug lord, who attempted to smuggle RM2.4bil worth of black cocaine last year, has had his assets seized.

Inspector-General of Police Tan Sri Abdul Hamid Bador said that a whopping RM366mil worth of assets was seized by Bukit Aman in one fell swoop on Jan 16 at various locations in the country.

Police launched "Operation Eagle Diamond" to target the drug lord's assets as the mastermind continues to elude capture following the RM2.4bil black cocaine bust on Sept 10 last year at the North Butterworth Container Terminal.

"Among his assets were RM21.6mil in a bank account, RM143.5mil in shares of various companies, various properties in Penang worth RM198mil.

"Among his properties were houses and a hotel in Penang," he told a press conference after launching the Bukit Aman Narcotic Crimes Investigation Department (NCID) corporate video and official theme song on Tuesday (Jan 28).

Abdul Hamid said police believe the kingpin is still hiding from the law in a neighbouring country.

"At the time of raid last year, we believe he was already overseas," Abdul Hamid said.

Other items seized were several vehicles worth a total of RM2.7mil as well as RM51,800 worth of jewellery, he added.

The seizure of the assets was conducted under Section 3 and Section 4 of the Dangerous Drug Act (Forfeiture of Assets), he added.

"Seizing the assets is important to further cripple the drug syndicate," he said.

Upon further investigation, police also raided a warehouse at Prai Industrial Estate in Seberang Prai, Penang and seized RM250,000 worth of drugs, including 4.89kg of syabu and 114kg of chemicals.

"We also arrested eight men, including five Myanmar nationals, believed to be part of the same syndicate responsible for the black cocaine.

"The suspects have been remanded until Jan 30 pending further investigations," Abdul Hamid said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Police , Druglord , Black Cocaine , IGP , Seizure , Assets

   

Next In Nation

Low Yat Group patriarch, Tan Sri Low Yow Chuan passes away
Hishammuddin: Malaysia strongly condemns Friday's (May 7) incursion, attacks against Palestinians, worshippers in Al-Asa mosque
Interstate, inter-district travel ban from May 10-June 6
Abim condemns attack on Palestinian mosque
Retail associations claim HIDE info 'inaccurate and premature', urges a stop to announcements
Cops investigating rape allegations implicating assemblyman's associates
Sabah govt appeals for donors to fill depleting blood banks
Umno will not push for snap GE if Covid-19 situation not good, says Tajuddin
Ismail Sabri: 332 arrested for SOP violations on Friday (May 7)
Health DG: Saliva-based Covid-19 tests available to the public soon

Stories You'll Enjoy


Vouchers