Company chairman among 8 charged with drug trafficking in Penang

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

They are charged under Section 39B(1)(a) of the Dangerous Drugs Act 1952 which carries a mandatory death penalty upon conviction. FMTNews Penang

BUKIT MERTAJAM: Eight men, including a chairman of two public-listed companies, have been charged at the Magistrate’s Court here with trafficking almost 5kg of methamphetamine.

Ooi is the chairman of two public listed companies, Heng Huat Resources Group Bhd and ATTA Global Group Bhd . Ooi is also the fourth-largest shareholder of PBA Holdings Bhd, reports said. PBA is Penang’s water supply company. They were charged under Section 39B of the Dangerous Drugs Act 1952 for trafficking a dangerous drug, which carries a mandatory death penalty if convicted.

On Tuesday, the police narcotics division at Bukit Aman seized assets worth over RM366 million linked to the suspects in the country’s largest cocaine bust at Butterworth port last September.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines