CHUKAI, June 14 — The Marine Police Region Three seized 5,150 litres of diesel in a raid at a premises in Hulu Jabor near here yesterday.
Marine Police Region Three commander ACP Mohd Khairuddin Jamal said the seizure was carried out after the premises were suspected of illegally storing and handling diesel during a raid at 11 am.
He said during the raid, they found a skid tank, an intermediate bulk container (IBC) and a set of nozzle pump.
“The total value of the seizure in the operation is estimated at RM51,580.50,” he said in a statement today.
Mohd Khairuddin said his team also arrested a 55-year-old man to assist in the investigation.
He said that during the raid, the man failed to produce valid documents or permits for the storage and handling of the goods.
Mohd Khairuddin said the case was being investigated under Section 21 of the Control of Supplies Act 1961.
Meanwhile, he said the seized goods and arrest were handed over to the Ministry of Domestic Trade and Cost of Living for further action. — Bernama

The Securities and Exchange Commission has approved standards that could speed up spot crypto ETF approvals, as each application would not been to be assessed individually. The US Securities and Exchange Commission has approved a set of listing standards for commodity-based trust shares, opening the door for digital asset listings without requiring individual approvals. The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly reducing approval timelines, which have taken several months in the past. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” SEC Chair Paul Atkins said in a separate statement.It comes as spot ETF applications for the likes of Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE) await official approval.The SEC was facing deadlines from October onwards to decide on those cases, in addition to a handful of others.This is a developing story, and further information will be added as it becomes available.Read more

