The 'untouchable' multi-millionaire diesel smuggler

malaysianinsider - (...) On average, each of them earns up to RM50 million a year from diverting heavily subsidised diesel from petrol stations or fishermen to factories and construction sites in Malaysia or to waiting barges and fishing boats headed for Thailand and Philippines.

Over the past two years, the government has been paying between RM20 and RM30 billion in subsidies so that certain categories of Malaysians can enjoy lower prices at the pump. But in reality much of the consignment of the subsidised diesel has not reached their target market. In short, billions of ringgit in subsidies in being wasted on Malaysia’s neighbours.

The Malaysian Insider understands that the Customs and other enforcement agencies have identified some of these big diesel smugglers. They know that they are based near fishing areas, sea ports and border areas like Pantai Remis, Malacca, Kuala Selangor, Prai and Bukit Kayu Hitam. A couple of the big operators are in East
Read more...