Malaysia

SESB raids Sandakan bitcoin mining premises for suspected electricity theft

Syndicate was using shop lots to conduct activities, says CEO

Updated 3 years ago · Published on 16 Jun 2022 2:03PM

SESB raids Sandakan bitcoin mining premises for suspected electricity theft
Sabah Electricity Sdn Bhd chief executive officer Mohd Yaakob Jaafar says SESB believes the bitcoin mining syndicate has been operating since last year. – Pixabay pic, June 16, 2022

LABUAN – The Sabah Electricity Sdn Bhd (SESB) has raided 16 bitcoin mining facilities in Sandakan on suspicion of being involved in electricity theft early this week.

SESB chief executive officer Mohd Yaakob Jaafar said the syndicate was using shop lots to conduct their activities, adding that 15 out of the 16 premises were empty during the raid.

“The people in the 15 premises managed to escape with their machines while in another premises, a caretaker was caught red-handed and we also seized computers at the site,” he told reporters after SESB’s Jelajah Integriti 2022 programme with the Malaysian Anti-Corruption Commission here today.

Yaakob said the raid, conducted in collaboration with the Bukit Aman Criminal Investigation Department, found that the premises were equipped with power metres but with no records in the SESB system.

He said SESB believed that the syndicate had been operating since last year.

“We have yet to quantify the losses we have incurred so far, but we can still determine them by backdating and reversing the charges,” he said. – Bernama, June 16, 2022

Related News

Malaysia / 1w

Man charged with trafficking 3 teenage girls, woman for sexual exploitation

Malaysia / 1mth

30 houses destroyed in fire in Sandakan

Opinion / 4mth

Significant milestones achieved in MA63 implementation last year

Malaysia / 5mth

Two teenagers found dead in parked car

Malaysia / 6mth

PM: Sabah receives the highest allocation for schools from the Federal Government

Malaysia / 8mth

RM4.9b lost due to illegal electricity connections for cryptocurrency mining, bitcoin

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Malaysia

Anwar congratulates Modi on becoming India's longest-serving elected PM

Malaysia

Tunku Zain proclaimed as Tunku Panglima Besar of Negeri Sembilan

Malaysia

Anwar warns global order lacks direction, calls for renewed international cooperation

Malaysia

Fiscal deficit target under pressure as surging subsidy costs test Malaysia’s consolidation plans

Malaysia

EPF to shut all remittance counters nationwide from July 1 in major digital services push

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Retail prices of diesel, RON95 remain unchanged - at RM4.67, RM3.72 per litre

Malaysia

Woman molested on her way home from work (video)