What RM250m tax revenue loss did 2020 to 2024 smuggling cause?

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A tobacco and cigarette smuggling syndicate is believed to have caused the government tax revenue losses exceeding RM250 million between 2020 and 2024.

The Malaysian Anti-Corruption Commission (MACC) has crippled a significant operation involved in the smuggling of tobacco, cigarettes, and cigars. These illicit activities are estimated to have deprived the government of over RM250 million in tax revenue over a four-year period, from 2020 to 2024. As part of the crackdown, MACC has frozen substantial assets and suspended import licences of implicated companies.
Operation Sikaro Uncovers Extensive Smuggling Ring

The extensive operation, codenamed Op Sikaro, was spearheaded by MACC's Special Operations Division. This coordinated effort involved collaboration with multiple agencies, including the Inland Revenue Board, Bank Negara Malaysia, and the Customs Department. Raids were conducted at 14 locations across the Klang Valley and Johor, targeting business premises and individuals associated with the supply of tobacco, cigars, and liquor.
Substantial Assets Frozen and Licences Suspended

Following the investigations and raids, MACC took decisive action by freezing personal and company bank accounts collectively valued at approximately RM218 million. In parallel, the Customs Department moved to suspend the import licences of several companies identified as being linked to the smuggling syndicate. These measures aim to disrupt the financial operations of the illegal enterprise and prevent further illicit trade.
Involvement of Enforcement Officers Under Investigation

A concerning aspect of the investigation is the suspected involvement of officers from enforcement agencies within the syndicate's ranks. The ongoing investigations are focused on tracing and seizing further assets tied to money laundering activities. The case is being prosecuted under Section 16 of the MACC Act 2009 and Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

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What RM250m tax revenue loss did 2020 to 2024 smuggling cause?

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