KUALA LUMPUR: ATTA GLOBAL GROUP BHD has suspended executive chairman Ooi Chieng Sim after he was charged in court under the Dangerous Drugs Act.

The suspension, the company told Bursa Malaysia today is in the best interest of the group and would enable Ooi to focus on his defence.


Ooi was among eight men charged with drug trafficking on Thursday at the Magistrate Court in Bukit Mertajam, Penang.

Atta Global said today that several of its properties in Penang and luxury cars were seized by the police in connection with the investigations.


The police have also frozen several shares trading accounts related to the company, as well as a subsidiary's banking accounts.

Atta Global, today said, it has appointed a solicitor to file a notice of claim for the release of its assets, including banking accounts, shares accounts, as well as properties to protect the interest of the company and its shareholders.

On Jan 21, Atta Global said the police on Jan 16 had raided premises located at Prai Industrial estate in Penang.

Ooi was also remanded to assist in the investigations.

He was also the executive chairman of Heng Huat Resources Group Bhd, where he is a major shareholder.

In a separate filing with Bursa Malaysia today, Heng Huat said Ooi has been redesignated to the post of non-executive director.

Trading of Atta shares, as well as shares in Heng Huat were suspended since Jan 16.https://www.thestar.com.my/business/business-news/2020/01/31/atta-global-suspends-chairman-after-he-was-charged-with-drug-trafficking

serious case
https://www.theedgemarkets.com/article/atta...rug-trafficking

KUALA LUMPUR (Jan 30): Ooi Chieng Sim, the executive chairman of Heng Huat Resources Group Bhd and ATTA Global Group Bhd, was among eight men charged with drug trafficking at the Magistrate’s Court in Bukit Mertajam today.

The eight men were charged with trafficking 4,980 grammes of methamphetamine at a warehouse by the side of Atta Global’s premises in the Perai Industrial Estate at about 10.30am on Jan 16, according to the charge sheet sighted by theedgemarkets.com.

Besides Ooi, 50, the other accused persons are Jackson Boh Khim Hean, 32, China national Wang Yong and Myanmar nationals Aung Soe Thu, Soe Min Aung, Aung Kyaw Thu, Than Zaw Oo and Tun Ye.

They were charged under Section 39B of the Dangerous Drugs Act 1952 and face the death penalty or a life sentence if convicted.

The Free Malaysia Today news portal reported that no pleas were recorded from the accused persons as the case would be transferred to the High Court.

On Jan 16, the Securities Commission Malaysia (SC) ordered the suspension of trading in ATTA Global and Heng Huat securities. The directive was issued after police seized the trading accounts belonging to several top officials in the two companies.

In an emailed statement in response to queries by the edgemarkets.com, an SC spokesman said: "The directive to Bursa was issued pursuant to Sections 26 and 28 of the Capital Markets and Services Act 2007, following the seizure of the trading accounts of several key individuals involved in these companies by Polis Diraja Malaysia."

On Jan 20, ATTA Global revealed that Ooi was remanded to assist in the investigation, and that the authorities had frozen nine bank accounts under the company and its subsidiaries, securities maintained in accounts belonging to two subsidiaries, as well as Ooi’s personal bank and central depository system (CDS) accounts, and the personal bank accounts of non-executive director Ng Chin Nam.

In a separate statement that day, Heng Huat said Ooi’s remand was not for matters pertaining to the company.

“Save for our independent non-executive Ng Chin Nam’s personal banking accounts and trading account and the bankers’ acceptance facility accounts totalling RM3.7 million of the two non-major wholly-owned subsidiaries, namely HK Gua Musang Sdn Bhd and HK Kitaran Sdn Bhd, none of the Heng Huat group and directors’ banking accounts, CDS accounts and assets were frozen,” Heng Huat said.

On Tuesday, Inspector-General of Police Tan Sri Abdul Hamid Bador said police had arrested eight men last week at a warehouse at the Prai Industrial Estate in a follow-up operation to a major drug seizure at the Butterworth port on Sept 10 last year.

In that incident, police had seized 12 tonnes of cocaine worth RM2.4 billion that was mixed and hidden in 60 bags of coal in Butterworth.

Work hard
Party hard

Gus Fring Asia version

When you are trafficking drug it's no longer partying that's a blatant scum move already. To the gallows, pronto!

4kg or 4 tonnes?

ATTA and HHGROUP kena suspend last 2 week ago if not mistaken

On what basis though?

In an emailed statement in response to queries by theedgemarkets.com, an SC spokesperson said: "The directive to Bursa was issued pursuant to sections 26 and 28 of the Capital Markets and Services Act 2007, following the seizure of the trading accounts of several key individuals involved in these companies by Polis Diraja Malaysia (Royal Malaysia Police)."

Yesterday, diversified company Atta and biomass material manufacturer and trader Heng Huat announced in separate statements on Bursa's website that trading of their securities has been suspended with effect from 12.08pm yesterday pursuant to the SC's directive

Yeap it's done. Probably suspected the entire company is involved. So to help investigation the whole operation is shut down. Biomass manufacturer and trader indeed .. 2.4billion worth of drug. My god.

Let the popo do their work and see if this is simply abuse of power and networking by the fella...

This post has been edited by dagnarus: Jan 31 2020, 09:28 PM

It's 12 tonnes of coke. Worth 2.4billion yo

Lulz that make sense


First part says it is 4.9 kg of meth, which is like meh for drug trade

On Tuesday, Inspector-General of Police Tan Sri Abdul Hamid Bador said police had arrested eight men last week at a warehouse at the Prai Industrial Estate in a follow-up operation to a major drug seizure at the Butterworth port on Sept 10 last year.

In that incident, police had seized 12 tonnes of cocaine worth RM2.4 billion that was mixed and hidden in 60 bags of coal in Butterworth.


That's proper Escobar level shit

12 tonnes ? My oh my ... brape kali kena mati ah 12 tonne ?

5kg of meth...

i wonder what the street price is...

tht drug lord bank acc and CDS kena suspend.. ATTA one of the subsidiary company punya factory rent out for making drug..

I tot the owner was outside the country when this raid is happen..

fuh..ini cina tokan dadah

kesian all the ikan bilis shareholders

They caught the master mind....

Cukur...