PUTRAJAYA: The Ministry of Domestic Trade and Costs of Living (KPDN) has dismantled a syndicate allegedly mixing subsidised cooking oil with used oil ...
: The Ministry of Domestic Trade and Costs of Living has dismantled a syndicate allegedly mixing subsidised cooking oil with used oil and reselling it at inflated prices.
The residential unit was suspected of being used to store subsidised cooking oil packets, which were cut open and transferred into Intermediate Bulk Container tanks before being transported to the second site for mixing with used cooking oil. “This black-market trade is very lucrative. Processed used oil can be converted into biodiesel, which has high demand both domestically and in neighbouring countries,” Armizan told a press conference today.
He said authorities also seized 14,340 kg of subsidised cooking oil and equipment valued at RM429,850. The case is being investigated under the Control of Supplies Act 1961 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 .
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