THE group had successfully taken over GreenPacket Bhd, bankrupted its founder Puan Chan Cheong, had influenced the anti corruption agency to freeze the accounts of Caely Bhd and then hijack the company's cash and ravaged Revenue Group Bhd's cash, while its original owners were placed under investigation.
AT 2, Lebuh Wawasan, Putrajaya, the home to Malsysia's Anti Corruption Agency, public connotations were well known to the higher ups, who had prepared a plan of action to take down the Victor Chin Boon Long and Francis Leong Seng Wui's nexus of evil.
THOSE plans though needed the signature of one men, and he said NO, eventhough by May, the business community had wised up that the Corporate Mafia's ties with the top guns at the agency was not as what the Corporate Mafia had everyone thinking.
THEIR rues were exposed READ :the MACC interviewed Halim Saad and Nor Mohammad Yakcop, and the Corporate Mafia. attempted to interview and were given the cold shoulder
WHY no? When You pray for rain, you gotta deal with the mud too, is an old African proverb which means to be a leader, one needs to plan ahead for the potential challenges ahead.
WHAT'S the big deal, in taking down a gang of robbers with neck ties and fancy ex government lawyer?.
TURNS out, the Corporate Mafia's entry into Revenue Group, if the perfect storm were to hit, could tail spin into a full blown economic crisis, severe enough to crack enough holes to bring the Unity Government down.
REVENUE Group is a payment gate way company, twice selected by Forbes Magazine as one of Asia Pacific's top companies under US$1 billion. To make matters, a bit more complicated , apart from GHL, Revenue Group was large enough not to have a rival competitor despite the sector itself READ :having 56 non bank payment gateways.
MALAYSIA payment market size for this year READ: is estimated to be valued at RM182.67 billion.
THE size of the business , Revenue Group was involved in, meanwhile is valued at about RM500 million, but even a destruction at this level, will have ripple effects on the entire payment market,which is about 43 per cent larger than Malaysia's national budget of RM372.3 billion.
TIME therefore was needed to create an entity that could takeover Revenue Group's business's not only in size but also in technology know how.
REVENUE Group Bhd, had become too big to fail and with that arresting the new owners and their hidden backers, would effectively cripple the national economy, as it will have a direct impact on bank transfers, e wallet payments and how money flows in and out of the country.
UNDER the plan mooted by Lebuh Wawasan, with advice from Bank Negara Malaysia was to aggressively recruit Revenue Group Bhd information technology experts at above market average cost using a unit called Payments Network Malaysia Sdn Bhd, owned by Bank Negara jointly with commercial banks in Malaysia.
THE aim which is still on the works is to create a better version of Reveue Group Bhd at the earliest time possible so that Victor Chin Boon Long and Francis Leong Seng Wui, will have their daily cup of tea in Kajang.
