RM100 million in preliminary losses after hearth destroys Jakel garment outlet in Malaysia

SHAH ALAM: Common Malaysian garment and textile retailer, Jakel Group has preliminarily estimated virtually RM100 million (US$22.7 million) in losses after a hearth broke out at one in every of its branches on Sunday (Jan 1).

Its managing director Mohamed Faroz Mohamed Jakel mentioned the quantity solely concerned the worth of the Shah Alam constructing, generally known as Wisma Jakel, and the precise losses have but to be decided.

The blaze, which took a number of hours to extinguish, utterly destroyed the three-storey retailer on New 12 months’s Day. 

Pictures of the incident shared by native authorities in addition to social media customers confirmed fierce flames in addition to billowing smoke from the nook lot, close to a busy visitors intersection.