Police Nab Five in Connection With Multi-Million Check Fraud

31 January 2011
Police Nab Five in Connection With Multi-Million Check Fraud

SERDANG, 1 JANUARY, 2011: Four local men and a woman from China have been arrested in connection with a multi-million ringgit check fraud and a burglary case in Taman Sungai Besi Indah here.



Following the break-in case, closed-circuit television camera recording at the house enabled police to apprehend the first suspect, a 30-year-old man, at a petrol station near the housing area early Wednesday.

The arrest led the police to a house in Taman Bukit Desa where three local men, aged 32 and 33, and a 22-year-old woman from China, were nabbed.

Selangor police chief Datuk Tun Hisan Tun Hamzah said police believed they had managed to thwart a check fraud syndicate, masterminded by one of the suspects, after various equipment used to forge bank checks were found in the house.

Also seized were 2,501 multi-bank checks worth RM2,923,464 as well as a computer, four printers and three luxury cars - Mercedes Benz, Mitsubishi Lancer VR4 and Nissan Sentra - one of which was believed to be used during the burglary, he told reporters here today.

Tun Hisan said police also found 13.95gm of syabu, 22.32gm of ketamine, and 23 Eramin Five pills, worth about RM600,000 in the house.

All of the suspects also tested positive for drugs, he said.

Initial investigations found that the woman was a student at a language center in Jalan Bukit Bintang, Kuala Lumpur, while two of the four men had previous criminal records related to drugs.


- Bernama

Drug suspect takes long walk off short plank

Drug suspect takes long walk off short plank

December 17, 2010

SHAH ALAM, Dec 17 — A suspected drug pusher fell to his death from the fourth floor of a flat in Section 27 here yesterday while trying to escape a police raid.

According to Shah Alam police chief Supt Zahedi Ayob, the police team had to break open the door of a unit after knocking and failing to get any response from the occupants in the 4.30pm operation carried out at Block 39 in Taman Bunga Negara.

“The police team found four men in the hall and two were hiding in a room of the unit.

“On further checking, police found a packet of syabu weighing 0.5g valued at RM50 with one of the men,” Zahedi told a news conference here today.

He said on further questioning, the suspects told the police that two of their colleagues had escaped through the rear portion of the unit.

Police later found a man lying motionless and covered with blood on the back lane behind the flat.

Zahedi said the victim was one of the two men who tried to escape the police raid earlier. The other man managed to flee.

He said police found that the 29-year-old dead suspect had two previous records for theft and drug abuse.

The body was sent to Tengku Ampuan Rahimah Hospital in Klang Three of the six men rounded up, aged 19 to 27, were tested positive for drugs and were detained, while the other three were released. — Bernama

Malaysian shares likely to trade firmer this week

Malaysian shares likely to trade firmer this week

KUALA LUMPUR: SHARES on Bursa Malaysia are likely to trade firmer this week with more inflow of funds despite the market's short-term weakness and concerns about China's monetary policy and the eurozone crisis.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) staying above 1,500 on good volume gave credibility on its resilience, Affin Investment Bank Head of Retail Research Dr Nazri Khan said.

Last week, the key market barometer rose by 6.3 points to 1,507.28 after rising near the historic high of 1,528.01 last Thursday on strong buying interest on key heavyweights but succumbing to profit taking a day later as investors opted to sell on strength.

Despite short term weakness on Friday and concern in China/Europe, we see positive investor risk attitudes in the local equity market, possibly driven by good corporate earnings and ample talks on consolidation exercise, Nazri said.

Other factors include impending election hype, stronger commodity price, attractive local bond yield and hot-money carry trade play.

The fact that Dow Jones at a new two-year high and Nikkei at a new seven-month high is likely also influence Asian indices, including FBM KLCI higher.

We also expect reduced equity volatility for the rest of this month to support FBM KLCI higher given the downtrend of the CBOE Volatility Index which suggests declining investor anxiety, Nazri said.

The looming January effect with year-end accumulation of selected blue chips in the last few weeks of the year is also supportive for the local market.

As the property and construction indices remain very close to three-year highs, there is expectation for more strength of the sectors to push FBM KLCI higher.

Going forward, we believe the local market is likely to show more resilience with a potential upside break-out next week. Given ample liquidity now, we are not surprised to see FBM KLCI aiming for 1,530 in the near term, Nazri said.

Any close above 1,530 would lead FBM KLCI to a good bull rally towards an all-time-high of 1,550 in the early part of next year, he added.

The market's weekly volume rose to 4.968 billion shares valued at RM8.94bil from 4.89 billion shares valued at RM9bil. Bernama

50,000 displaced in Malaysia floods

50,000 displaced in Malaysia floods
Bangkok Post | November 05, 2010

Four people have been killed and almost 50,000 have been forced out of their homes and into relief camps as floods hit northern Malaysia, state media said Friday.

Rising waters have hit three Malaysian states on the border with Thailand, which has also been seriously affected.

An airport and a major highway have been closed, and train services and water supplies have also been disrupted by Malaysia's worst floods in five years.

The first fatalities were a 13-year-old boy and a 64-year-old German woman whose bodies were recovered in Kedah state earlier this week.

The bodies of two girls who fell into an irrigation canal in Kedah were recovered Thursday, state news agency Bernama said, and another two children who disappeared while playing in a flooded padi field were feared drowned.

Bernama said that nearly 50,000 people have now been taken to relief centres to escape the floods in Perlis, Kedah and Kelantan states.

Prime Minister Najib Razak urged flood victims and residents in the affected areas to be cautious.

"Don't treat this lightly, don't treat this as a carnival because the disaster can lead to fatalities," he said according to Bernama.

Malaysia is a top ten tourism market for India

Malaysia is a top ten tourism market for India

SINGAPORE: Malaysia is now one of the top ten markets providing tourism traffic to India.

Appreciating this, India is launching an aggressive campaign to highlight features of interest to Malaysians, according to the Singapore-based Government of India Tourism Office.

The Director, Rajesh Talwar, said:" Malaysia, Singapore and Thailand are India's key markets in Southeast Asia."

India recorded some 325,000 visitors from the Asean region last year. Malaysia accounted for 117,000 tourists, followed by Singapore with 96,000 and Thailand with 64,000.

Telwar said his office had staged road shows in Kuala Lumpur in June and Penang in July.

A road would be held soon in Kuching and another in Johor Baru. - Bernama

Malaysia Targeting Southeast Asia to Market Biotech Products

Malaysia Targeting Southeast Asia to Market Biotech Products

Aug 27, 2009
The Southeast Asian countries could be excellent markets for the Malaysian biotech products as the climatic conditions and background of diseases resemble with each other.

Fadillah Yusof, Deputy Science, Technology and Innovation Minister, said the Southeast Asian region represents a big market for biotech products manufactured in Malaysia, as reported by Bernama.

He further said that the Southeast Asian countries presented good opportunities for the Malaysian biotech as the climatic conditions and causes of diseases were almost similar, making use of antibodies to treat diseases more viable and better option.

"The climate in the United States and Europe is different and bacteria develop differently so Southeast Asian countries will become our niche market," he told.

The share of the Malaysian biotechnology industry in the total GDP is expected to reach 2.5% under the second phase of the National Biotechnology Policy between 2011 and 2015. At present, the industry's contribution stands at around 1% to GDP.

According to a research report "Asia Pacific Biotechnology Market (2008-2012)" by a leading market research firm RNCOS, the Malaysian biotech sector is expected to grow at a CAGR of nearly 14% between 2010 and 2012, making it one of the robustly expanding markets in the Asia-Pacific region.

The report further says that high potential of the biotech sector will give impetus to economic growth. The Malaysian government has shown keen interest in the development of biotech market and is taking all possible steps to make the country a leading biotech hub.

In the direction of making Malaysia a biotech hub, the government introduced the National Biotechnology Policy in 2005, and it will be implemented in three phases.

Phase one (2005-2010) targets increasing capacity and building infrastructure which include setting up of advisory and implementation councils, imparting training and providing education to workers, business development and industry creation in agricultural biotech.

Phase two (2011-2015) will be introducing lab research in the market and phase three will include globalization of the Malaysian biotech companies.

Moreover, a biotechnology park with modern infrastructure that can house at least 40 companies will be built near the KL International Airport.

A Senior Research Analyst at RNCOS said, "Biotechnology helps in social development and wealth creation by exploiting the vast natural resources and human talent. Malaysia's initiative of marketing its biotech products will give better environment and development to the country."