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BUKIT MERTAJAM: The Penang branch of the Domestic Trade and Cost of Living Ministry has uncovered a subsidised cooking oil misappropriation syndicate after raiding an illegal storage facility in Seberang Perai Selatan near here Thursday , seizing goods worth RM129,869.
The raid followed two weeks of intelligence work after public complaints about suspicious activities at the premises. The syndicate, believed to have been operating for a year, purchased subsidised oil at RM2.50 per kg and sold it to industries for RM4, significantly lower than the market price of RM5.
"As soon as the oil arrived at the storage facility, workers immediately cut open the packets and transferred the contents into larger containers to conceal the misappropriation," he said, adding that the owner of the premises has been identified.
Control Of Supplies Act 1961 Penang KPDN Domestic Trade And Cost Of Living Ministry Subsidised Cooking Oil Syndicate Misappropriation Arrest Seized Seberang Perai Selatan
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