Company fined for manipulating oil subsidies

A company in Johor was recently fined RM 40,000 for the manipulation of subsidised cooking oil.

Syarikat Perniagaan Megah Harmoni was charged for contravening Section 21 of the Supply Control Act 1961 in the Session Court here yesterday, after a raid by the Domestic Trade,Cooperatives and Consumerism department enforcement team in January, 2011.

The company pleaded guilty in the Session court, while the twenty-five tons of  confiscated cooking oil valued at RM100,000 will be deposited as government revenue, the head of theDomestic Trade, Cooperatives and Consumerism department enforcement division, Abdul Hamid Abu Bakar said in a press conference at his office here yesterday.

He also added that this is the first such case prosecuted by the department and the manner with which the case was speedily disposed will serve as a warning to all cooking oil trading permit holders not to abuse the permit.

The department, he said, will continue to monitor such activities constantly and will take strong action against any parties caught in illegal supply of subsidised cooking oil.