Malaysia

S’wak cops, utility firm bust electricity-stealing cryptocurrency syndicate

RM4.4 million worth of equipment seized

Updated 5 years ago · Published on 18 Feb 2021 3:00PM

S’wak cops, utility firm bust electricity-stealing cryptocurrency syndicate
Police and Sarawak Energy Bhd have conducted raids over two days at a commercial centre in Miri used by a cryptocurrency trading syndicate. – File pic, February 18, 2021

by Stephen Then

MIRI – After a series of raids here over the last two days, police and state utility company Sarawak Energy Bhd (SEB) have busted a cryptocurrency trading syndicate and seized RM4.4 million worth of equipment.

City police chief Hakemal Hawiri today said 759 pieces of equipment were confiscated in the operation conducted at a commercial centre near the bypass to the airport highway.

“The syndicate operating in the shoplots has also been stealing electricity.

“However, the owners of the premises managed to escape before the raid started.”

Police and SEB are investigating the matter, and the premises have been sealed off.

SEB said it has suffered losses in electricity usage, and that supply to the premises in question has been cut off. – The Vibes, February 18, 2021

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