WiseGuy inside The Corporate Mafia : Gang 265's Quarter Billion Ringgit Put

I am not going to explain in detail about gang 265,  but for those of you who wish to know, you can READ : all about Gang 265's link to Velocity Capital Bhd.

WHAT I am going to highlight here is how Velocity Capital  Partners Bhd's kredit komunity or licensed money lending outlet has given out more than a quarter billion ringgit in loans for certain individuals to control public listed companies.

WHAT is Nga Kor Ming doing about it? OR is the housing minister part of the equation or so to speak, part of the problem?

WHERE is the proof one must definitely ask....well you will just have to log on to the following VIEW :  FACEBOOK    for details.

WiseGuy inside The Corporate Mafia : Tokenize Malaysia

THE  boys of summer, after READ: easily sweeping over Revenue Group Bhd, two times, looks like they have stumbled into a TOKEN of a mess.

THE kind of mess that can derange the Corporate Name of KN Kenanga  for a very very long time.

AT the heart of their problem is Hong Qi Yu and not Kenanga would want Malaysia to believe in that READ : Tokenize Malaysia got nothing to do with what's happening in Singapore.

IN Singapore, READ : Amazing Tech's Hong Qi Yu has been charged with fraud. 

WHILE  KN Kenanga , will rightfully point out that Hong Qi Yu no longer sits on the board of its Tokenize Malaysia, which is approved by the SC and Bursa Malaysia. 

WHAT they won't tell you is that he is the freaking chief technology officer of  Tokenize Malaysia.

FUNNY isn't it, the Monetary  Authority of Singapore,  wouldn't license Tokenize Singapore, but their Malaysian counterparts were so fast to baptise Tokenize Malaysia as the real deal.

ARE we ahead of the curve or a we setting ourselves for a big heartache.

WiseGuy inside The Corporate Mafia : Revenue Group 2.0

SO  there was no angel investor in the form of TATA Group to save Globetronics Bhd, just like i said so in READ : Revenue Group 2.0 .

NOW how about the statement, that Globetronics just like Revenue Group is actually out of money?

ACCORDING  to the Edge READ : The RM45.05 million acquisition represents over one-third of Globetronics’ RM127.16 million cash pile as at end-March 2025. The group remains debt-free..

NOW, on July 10th, Globetronics  also bought VIEW: 4.89 of MMAG Bhd for RM15 million.

SO RM45 million plus RM15 million  , comes up to RM60 million minus  RM127.16 cash in hand , the balance is RM67.16 million. 

NOW if you take into account,  VIEW : Globetronics other receivables of RM72.4 million, you will see, Globetronics has been raped of all its cash,  and is actually now in a net debt position of  RM5.24 million. 

THIS of course is a small amount, but going forward expect the hole to get much larger, warranting a fresh script exercise.

State of the Nation : Legislation

ONE  of the main reasons  why Najib Razak is in jail and not under house arrest  is because the set of laws we have are too opaque, that it would require, the Home Minister to declare where ever, they planned to home the former Prime Minister as a PRISON.

LIKEWISE,  READ :the call by Prime Minister Anwar Ibrahim for Tun Mahathir's sons to return wealth if source of wealth can't be proven is wishful thinking at best.

MALAYSIA has no such laws to force anyone who can't account for unaccounted wealth through generations.

ALTHOUGH,  we follow the Westminster model,  we do not have laws like those in the United kingdom  such as The Unexplained Wealth Orders.

THID is a general term for legislation that allows authorities to investigate assets that appear to be disproportionate to an individual's known income, requiring them to explain the source of their wealth. 

AS early as 2018,  Malaysia has been planning to introduce such laws but those plans have never materialised. READ : Govt mulls introducing unexplained wealth law.

SEVEN years have already passed by, and if Anwar Ibrahim can push this piece of legislation through, you can bet your bottom ringgit more powerful people will gather against him.

WiseGuy inside The Corporate Mafia : The Joker's Jokerman...

DRIVE by the house of the Feng Shui obsessed Leong Seng Wui, and among the first thing , you will notice is, it looks like, feels like and smells like upper middle class.

NOT the super rich, and it has nothing to do with modesty, but it looks like, what it really is ; home of a salaried man.

NOT the home of a diploma holding journey man, who almost went bankrupt, before being saved from financial ruin from Victor Chin Boon Long.

AND it certainly doesn't look like the home of a guy who controls, voting rights in four public listed companies, and is executive director in three of them; Hong Seng Consolidated Bhd, Revenue Group Bhd, Globetronics Bhd.

FOOL'S rush in where angels fear to tread, so the JOKER needs a JOKERMAN to do his bidding, specifically to buy his shares for a hefty sum, and rip off the cash in the company.

THE jokerman, Leong Seng Wui, might be walking on water and flying in thin air, for the opportunities given to , by the man he hold in reverence, that even in his cell phone, naming him only as boss.

TO blind to see, that he himself is actually seen as a very disposable asset, when need be.  

VERY likely Leong Seng Wui, with a very poor command of Bahasa Malaysia and barely palatable English, views the JOKER, as the almighty card, first introduced in 1875 in the game of Poker, then known as Mistigris.

BUT , the joker card has a deeper history, first introduced in the game of EUCHRE, where Joker card is typically associated with mayhem, chaos and unpredictability,

LEONG Seng Wui is not seen ,by the Joker, as a must retain asset as Kenny Khow Chuan Wah is seen.

KENNY Khow Chuan Wah, if he were to go rouqe, is akin to an angry THANOS roaming  wild in the Joker's universe.

WiseGuy inside The Corporate Mafia : Next is Nex G Bhd.

A banger from the Madani Government READ : for cutting the life blood on My Eg's foreign renewal contract.

IT, didn't matter to Anwar Ibrahim's Government  that Farhash Wafa Salvador,  in recent times closely associated to MyEG or that his wife plays a key role in MyEg's sponsorship of the Miss Universe contest.

NOR did it matter to the Government, that MyEg had a name change as part as a wider branding exercise. READ : MyEg says its new name is Zetrix AI Bhd.

SO if you think, its going to matter to the Government that NexG Bhd, has changed its name from Dataprep Bhd and once again Farhash Wafa Salvador's name has been dragged in, there is going to be a different ending.

YOU should go check on why, people who do the same things, over and over again but expect a different result, are called medically INSANE.

THE other symptom suffered by MyEg and NexG now is the surprisingly very short term contract extension given to both companies. READ : The Edge smells a dead rat walking in the short term NexG contract extensions.

THE Government's displeasure with NexG is multifold and transgress the Finance Ministry and the Home Ministry. VIEW : Government funds sell off substantial stake in Nex G Bhd.

CONSIDER, the manner in which the Government gave the middle finger to Nex G, which came VIEW : 20 days after MMAG Bhd's starmen, Mohd Khairul Adib Abd Rahman, the former Public Service (KPPA) director general was appointed as deputy executive chairman of Nex G.

OBVIOUSLY, the Government  is not vibing with Mohd Khairul Adib Abd Rahman, especially since how he suddenly post retirement appeared in Hong Seng Consolidated  Bhd and  Classita Bhd to make Millions of Ringgit .

A closer look at Hong Seng Consolidated, which i am liberty to disclosed had been studied by the Ministry of Finance, can't discount ties based on friends with benefits between Hong Seng Consolidated share price rise during the Covid 19, political funding and Perikatan Nasional.

WHAT i cannot disclose in detail is Farhash Wafa Salvador,  except that he is misunderstood and is not a bad guy in the scheme of things.

WiseGuy inside The Corporate Mafia : NOSH

NOSH refers to the number of shares of a company's common stock, outstanding on a specific trading day. 

IT represents the total number of shares that are currently held by all investors, and is a key metric used in financial analysis. 

BASICALLY,   the higher the NOSH,  especially  for a company bleeding red ink, the more difficult  its will be for the company to get back on its feet, as it has cancerous effect on a company's key financial metric such as earnings per share.

LAST week, Bursa Malaysia , VIEW : approved Revenue Group's latest warrant exercise , in a 12 month period  that saw Revenue Group, sell of their landed assets, undertake a private placement exercise, among others just to pay staff salary.

THE latest script issues will raise losz making Revenue Group's NOSH to a very unhealthy  3.025 billion.

BURSA Malaysia  had also asked Revenue Group   to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

BURSA Malaysia's request rings is HOLLOW, LAUGHABLE and downright SHAMEFUL  to the average investors mindset, considering, that the administration is still living in fear to ask valid questions to Revenue Group, with regards to its maiden warrant issue .

REVENUE Group Bhd has VIEW : publicly acknowledged that RM46.94 million has come into the company via converting the Revenue Group Bhd Warrants on a one for one basis at 75 sen per share

AT RM46.94 million, we are talking about 62.592 million warrants being converted into 62.59 million mother share, at a conversion rate of 75 sen at a time the  mother shares were trading at 26 sen per share, by MINORITY shareholders 

AT that rate, the so called MINORITY SHAREHOLDERS,  could have actually acquired 33 per of the entire equity spread of Revenue Group.

WHY is Bursa Malaysia  scared shit,  to demand Revenue Group to name publicly  who are this MINORITY shareholders,  who had insisted on giving away money literally free to Revenue Group, instead of taking  control of the company?

IS Bursa Malaysia  afraid of the truth, or GOD forbid, some very high ranking people in Bursa Malaysia, were paid large sum of money in exchange for not asking those difficult questions?

,  

State of the Nation : Master's of Missed Communication.

SIX  very well known non government organisations (NGO) has called, the opposition leader Hamzah Zainuddin, bluff.

READ : Six top NGOs reject Hamzah’s claim they back tomorrow’s ‘Turun Anwar’ rally

HAMZAH Zainuddin,  and the machinery behind him, including the Azmin Ali financed Malaysia Now, run by Latheefa Beebi Koya's baby brother, are looking good communication wise, ahead of the Turun Anwar rally today.

INTEGRITY  wise, something is seriously wrong with Hamzah Zainuddin, Malaysia Now and even the bitter Rafizi Ramli.

MALAYSIA Now's ethics, must be an after thought, especially since details have emerged,  that the so called billion ringgit 70,000 ha concession to Farhash Wafa Salvador, READ : had actually been cancelled in March 2025.

THE news portal and Rafizi Ramli, attempted to make it look like its an on going concern, even demanding that Farhash Wafa Salvador be investigated for a contract, which clearly Farhash Wafa Salvador  did not win.

WHY, they have been able to do so, and rally some of our country men emotions against the Prime Minister is because, in the Madani Government, there is a master of missed communication.

MEET Fahmi Fadzil, the communication minister who doesn't know how to communicate. 

WORST still the actions of the MCMC which is under the master of missed communication,  has gone out of its way to make Farhash Wafa Salvador look like the golden child of the Madani Government.  READ : Report: Facebook restricts video on mining scandal, cites MCMC request.

ANWAR Ibrahim  would have had the upper hand, if Fahmi Fadzil's MCMC did not slide for Farhash Wafa Salvador.

INSTEAD now, the Prime Minister looks like he has something to hide, more so with the Turun Anwar rally 

THE Prime Minister has pressure put on him because the master of missed communication, didn't think it is/was important to ingrain it in people's mind 24/7 that those trying to get the Prime Minister remove himself from office, are the very same lot, facing a slow of corruption charges in court.

THOSE who opposed  Anwar Ibrahim, has an upper hand, not because they are master in communication.

THEY are on the upswing, because there the Madani Communication machinery is being manned by an incompetent person ; FAHMI FADZIL.

WiseGuy inside The Corporate Mafia : Crime Story

WHAT is the The Malaysia Crime Prevention Foundation (MCPF) , actually  there for?  Is it to prevent crime?

OR is there for rich tycoons with crime in their blood to sit, gather and a jolly good time laughing at fellow Malaysians.

ACCORDING to the MCPF, the key person's in this organisation are the Prime Minister Anwar Ibrahim, the Home Minister Saifuddin Nasution and the chief of police.

NEVERMIND, at the EXCO level there are some preciously notorious figures such as VIEW : Johnny Ch’ng Ewe Gee and Robert Phang Miow Sin.

IMAGINE  how president Xi Jinping and China would feel to find out that Tan Kean Soon is still listed as an EXCO member of MCPF.

WAS all the action on Tan Kean Soon related to the Tedy Teow Wooi Huat's MBI scam just a show to appease the middle kingdom?

WiseGuy inside The Corporate Mafia : Before Farhash there IS...

BEFORE you go to full John Rambo on Farhash Wafa Salvador Dali, who apart from being an ex aide of Anwar Ibrahim, hasn't actually done anything illegal, consider all actors.

READ : Farhash denies news report, demands apology

WINNING a contract, or even avoiding a contract is not a crime, even if you hate Anwar Ibrahim's guts..it's still not a crime. 

MALAYSIANS, we should be clamouring for Mohd Khairul Adib, READ:The KPPA of the civil service , who retired on Jan 2022 to write a step by step account on how the wanker is worth more than RM80 million today.

YES all this in less than 1300 days with  co incidence would have it, this smart ass Tan Sri made it in life, with public records showing there has always been a connection with Victor Chin Boon Long 

FROM making money in Classita Bhd, to being too being the chairman of MMAG Bhd, to then the jump over to NEXG Bhd, Victor Chin Boon Long's shadow seems to overwhelm this guy.

BACK in January 2025, I literally drew on how NexG Bhd has fallen off big time READ :  With the Home Minister, which is why their contract extensions have been cut to between 6 to 12 months.

TODAY theEdge is asking the same question. READ : NEXG’s repeated short-term contract extensions poser

NOW, you know the reason. And the not so  little birds are screaming in my ears, it's not Farhash Wafa Salvador Dali that's gonna be thrown under the BUMI Express...but. It's the Wxxx ER

State of the Nation : Anwar Ibrahim, Back In The High Life Again

FIND Yussof Rawther,  get the boy a haircut, and put a songkok on his head, as the united journey man opposition  front being touted by Perikatan Nasional, just repeatedly shot themselves on the foot.

FOR nearly a month now,  Yusoff Rawther  had been given  a leave of absence,  as his lawyer, Rafique Rashid Ali had gone way beyond the call of duty to alert  his fellow Malaysians, that he is truly one of the dumbest legal minds in this part of Asia.

WHO else but an idiot, would agree to a plan where you put all your eggs in one basket, and expect the Prime Minister  to roll over like beethoven.

IN the end, Anwar Ibrahim had played  every single politician who wanted him gone for good, from Tun Mahathir downwards as fools, as the guy they claimed was being pushed to be the new chief justice, wasn't even in the pre selected list.

PERIKATAN Nasional , might just be able to save face on the coming July 26 gathering to demand the Prime Minister quits, if Yusoff  Rawther  can rock a mic like a vandal 

 and wax a chump like a candle.

BUT, July 2025, will still be going down into the books of history, as the defining moment, Perikatan Nasional  had forced the Malay Muslim population to give Anwar Ibrahim, a second chance following years of being negatively  indoctrinated by Dr Mahathir.

THIS month will go down in history on  how a competent but sitting duck Prime Minister, was given the winning combination for GE16, by the very men, who had set out  to kill him off politically. 

WiseGuy inside The Corporate Mafia : In One Fell Swoop

JUST like that,  in one fell swoop, what I solely told Malaysia first 479 days ago, that Tedy Teow Wooi Huat group have joined forces with the cash strapped Corporate Mafia Boys, reportedly according to TV3 is headed by one Victor Chin Boon Long .

479 days ago,  I mapped out READ : all the main actors, who played there respective  parts in  today's action. 

LEONG Seng Wui, who in all intent and purpose a salaried minnion of Victor Chin Boon Long, READ : Globetronics took the controlling stakes in Mpire Global Bhd, from Billy Goh Soo Wee's Mayapada Assets Sdn Bhd, reportedly a major gate keeper to the secret behind the billions missing in Malaysia, reportedly originated from Tedy Teow Wooi Huat's MBI.

REMEMBER on Monday, July 7th 2025, I told you in no uncertain terms,  that READ :it's absolute hogwash, that TATA would touch a LEPER, as the real plan is to create a Revenue Group 2.0.

 I suggest, every one, slowly and very carefully REREAD : all the main actors, because from what has  taken place today, means , Tedy Teow Wooi Huat, won't be visiting Malaysia for decades to come since READ :the day of Ali Baba and the 40 police men.

AM I correct on this? Well just remember many moons ago I told you a story on how  Jho Low equals to NO MAS in Roberto Duran's language.

BACK to all the main actors, remember there is a secretive figure from Johor who aspires to kick Wee Ka Siong from the MCA presidency chair.

THE person who has a lot of clout with the SC and Bursa Malaysia, among the rank and file, groomed by MCA to run the show right under the Finance Minister's nose.

WiseGuy inside The Corporate Mafia : John Soh Chee Wen.

ONE time top financer of Parti Keadilan Rakyat, John Soh Chee Wen, might be behind bars in Singapore, but back in Malaysia, the 66 year old is silently rebuilding lost bridges.

THE 66 year old, from Batu Pahat, who hails from the same alma mater as Berjaya's Vincent Tan CheeYioun, and DAP's iconic political master Lim Kit Siang, has often been described as the "FUNDING FATHER" of PKR.

ATLEAST  two personalities linked closely to Joh Soh and his wild cowboy ways have been linked  directly with NEXG Bhd.

ONE as an indirect shareholder of NexG, whom I am not going to name, but will disclose that the person as high priority security clearance. 

THE other is Edward Lee Ewe Ming, the lucky lucky guy, who sold nearly than 100 million shares back in October 2013.  VIEW :Edward Lee, Ipco Internationl Ltd and the S$8 billion penny stock crash

IPCO at that  point was controlled by its CEO Quah Su Ling, who happens to be John Soh's live in girlfriend in Singapore.

NOW Edward Lee Ewe Ming returns with a deal with NEXG, where by NexG  will be paying  READ : a 11.76 per cent premium over the independent valuation of the said asset.

YOU guessed right, the heavy premium  is to be paid to a company controlled by none other than Edward Lee Ewe Ming.

 

WiseGuy inside The Corporate Mafia : Some Girls Are Bigger then Others.

THEY say some girls are bigger than others because some girls mothers are larger than other girls mothers. 

THOSE who know, will understand what I mean, as for the rest, let this be a great mystery. 

ANYWAY,  in a nutshell in the world of Bursa Malaysia and the Securities Commission,  we are all not created nor treated equally .

WHY is that so, remains a great mystery. It could either be ignorance,  incompetence  or down right corruption. 

TAKE for instance, the case of Revenue Group Bhd.  Until today, Bursa Malaysia and the Securities Commission are too chicken to publicly demand to know who are the minority shareholders who converted Revenue Group warrants at a huge premium resulting in close to RM64 million  flowing into the company.

READ ARTIFICAL, because the one for one conversion was done at 75 sen when the mother shares were trading at only 25.5 sen.

BASICALLY, RM64 MILLION accounted for about 56 PER CENT of the total market capitalisation of REVENUE Group, yet officially the controlling shareholder of Revenue Group, Leong Seng Wui only owns less than 6 per cent of the company.

WHAT this means is that, those minorities who did the warrant conversion, could have easily  gained control of the public listed company,  but instead choose to pump in millions of Ringgit and have no say how their money was spent.

WiseGuy inside The Corporate Mafia : The MBI investigation.

SO more than RM4 billion worth of assets have been seized following the reopening of the MBI investigations.

BUT  unfortunately,  the investigation itself has failed to answer a question posed by one of the family members, whoes family has been linked to the investigation on Tedy Teow Wooi Huat's MBI pyramid scheme. 

IN a 2023 interview with the Edge, former tirad member cum school drop out, who rose to become a managing director, Chiau Haw Choon  had asked the following ;

"SOME 15 years ago, we had to borrow to start our cement manufacturing business. If this business venture wasn’t successful, then how did we get listed in 2016? If we are not listed, how can we grow further by buying companies?"

READ : Special Report: Chin Hin puts the brakes on M&A as debts swell

THE MBI reinvestigation, has obviously  failed to address  this issue, and this can obviously be traced back to the fact that from the RM4 billion, so far seized, none of them had let to the seizure of any of the families controlling stakes in public listed companies on Bursa Malaysia which is worth, way in excess of the paltry RM4 billion in hand.

THE question, Malaysians should be asking ourselves  is if we are rich enough, are we then being allowed to keep a huge portion of our richness, that came from ill gotten gains?

AND on the other side, we are being indoctrinated with the fallacy that the law applies to every man equally regardless of being either poor or RICH.

State of the Nation : Nurul Izzah

CONVENTION,  has it that if you are the deputy president of the backbone of the rulling party, then at best a ministership should be in the bag.

IN  reality, what we got was Parti Keadilan's newly minted Deputy President  READ : being appointed as a strategic advisor to the opaque Selangor Information Technology and Digital Economy Corporation (Sidec)

THE Deputy President of PKR, instead of addressing mainstream issues,  have chosen instead to fokus on READ :on wokesih matters.

IF Malaysia is to take this women seriously, her father Anwar Ibrahim, the sitting Prime Minister must appoint her as the Economic Minister as soon as possible 

NURUL Izzah might fail as Economic Minister or she might do a fantastic job, as Economic Minister to the extent  it might even inject a fresh vigour into the rank and file of the party.

EITHER of those options are much better than third one, being named as  the SCAM BLONDY of Malaysian politics, for all the promises she made to unseat Rafizi Ramli.

THE original scam blondy, the US Attorney General Pamela Bondi is being deep fried by MAGA supporters in the USA, for promising so much and delivering nothing in the Jeffrey Epestein case.

WiseGuy inside The Corporate Mafia : Arthur Andersen LLP

HISTORY repeats itself, but in such cunning disguise that we never detect the resemblance until the damage is done.

IN plain speak, this is what my editor in Business Times, told me on my first day at work ; "I am not looking for a writer,  cause if I was, someone like William Shakespeare would be sitting in your place. I am looking for a reporter, and to be an efficient reporter, understand that there is no new story, just the place, time and names that change".

BACK in the day, the biggest thing in the audit world was Arthur Andersen LLP,  the guys who knew how to piss straight without wetting the sides of their pants 

MANY remember, Arthur Andersen, as the firm which lost their license to practice due to their admission of involvement in Enron's false market schemes.

WHAT most do not recall was that in the early days of the Enron case, Arthur Anderson was singing a different tune.

INITIALLY,  Arthur Andersen claimed that it's US$52 million audit fee, did not compromise the Enron audit, and that Enron failed because it's business model failed.

READ :  All that Audit money, made such a succulent sound.

READ : Auditors claim Enron failed because its business model failed

NOW  fast forward  back to the present time, to Kuala Lumpur, Malaysia, where delinquent auditors, Chengco PLT , READ : admits audit flaws but denies independence was compromised.

NOW, where have we heard this story  before ? ENRON one company,  but in down town Kuala Lumpur Lumpur,  we potentially have as many as  35 mini Enrons, roaming the streets without a single worry.

INSTEAD of  pursuing and exposing  the entire gin bang gang, the Securities Commission via it's Audit Oversight Body (AOB)  is recommending   READ :that the gin bang gang made up of owners and directors of these 35 companies, put their house in order.

AT this rate, we should probably  be employing wolves to tend to our livestock's, and laugh our asses out a loud on the creative stories the wolves will come up with to account on why the livestock's are diminishing at a rate which defies logic.

A real time event of such a hypothesis, could well be on Leong Seng Wui's time in Green Packet Bhd and the sudden creative drop in the sales booked by the company.

WiseGuy inside The Corporate Mafia : Revenue Group 2.0

WITH  a view to make one last, king sized killing, before the once,  well managed Globetronics Tech Bhd, blows up in a blaze of ill intentions.

BUT this time, there is a twist to the story line, a chance to find the phoenix for the flame, so to speak. 

THE out right plundering and suspected money laundering, took place in Revenue Group took place outrightly only  after Leong Seng Wui, emerged in Revenue Group.

THIS , time around in Globetronics Tech,  the Revenue Group Bhd, the plundering and nastiness had taken place well before Leong Seng Wui, emerged in Globetronics. 

IT was 24 months in the making, and the proof is in the pudding, with the silence of main stream business media  already in the pocket.

THE devil screams in the details found on the unaudited accounts of Globetronics. 

HAVE  a look at the other receivables  of Globetronics Tech Bhd. It is at a VIEW :shocking RM72.4 million, a stark and dark difference to its peers like Unisem Bhd,  whoes numbers stood at RM2.3 million.

WHAT  is other receivables,  smarty pants,aka Artificial Intelligence ; Other receivables refer to amounts owed to a company from sources other than its typical sales transactions. These include items like interest receivables, employee advances, tax refunds, and other non-trade related amounts. They are classified separately from standard accounts receivable on the balance sheet and are considered current assets. 

YET ,  the mainstream business  media is and will be hyping ; that the Indian Giant Conglomerate TATA, READ : has eyes for Globetronics.

I  can confirm, TATA has disqualified Globetronics,  due to ethical concerns.  The same set of concerns , which forced a slow of Government funds to sell their shares and run for life.

State of the Nation : One Eye for the Other

WHERE  is the urgency when only Malaysians are the victims? 

QUANTUM Metal doesn't have a patron saint in President Xi Jinping of China, who had made it very hands on in the matter of Tedy Teow Wooi Huat's ponzi scheme centred on Mobility Beyond Imagination too good to be true investment returns.

THE personalities involved in Quantum Metal at one point or another involved a former Deputy Inspector General of Police, an UMNO Deputy Permanent Chairman, Kamari Zaman Juhari formerly of Bank Negara and failed student recruiter,  Lim Khong Soon.

QMEI, the Nasdaq OTC , arm of Quantum Metal now has a market capitalisation of of less than USD $40 or 168 Ringgit Malaysia.

ITS not a typo, that is what QME is worth with its shares now traded at a laughable  0.0001 cent .

LIM Khong Soon, meanwhile has AUD $25.645 million or about RM78 million stuck in Besra Gold.

PROVIDENCE,  perhaps to the rescue as not only has Lim Khong Soon been booted out of directorship in Besra Gold, the company now intends to sue Quantum Metal Recovery READ : for the AUD 300 million which Quantum Metal had promised Besra Gold.

BASICALLY, if QM does not come up with the AUD $275 million balance , it looks like the AUD$25 million already paid will go up in smoke.

WiseGuy inside The Corporate Mafia : Is the SC and Bursa Malaysia afraid of Leong Seng Wui?

IT'S  almost been a month since the hanky panky that took place in the audit firm Chengco PLT has hit the headlines,  yet Bursa Malaysia and the SC has done little to bring the executive directors of public listed companies who may have conspired with the auditors to JUSTICE.

AT stake is not merely fraud, market manipulation but the creation of a false market, ENRON style to boost share prices,  create artificial prices in order to push through money raising script exercises.

AT the heart of it is Green Packet Bhd.  Consider the following ;  According to the Edge , READ : Chengco has been in operation since 1993 and has 14 offices across the country. It has 60 AOB-registered audit professionals, more than 200 audit professionals and in excess of 3,000 active clients.

THE problem here is obvious isn't it? Greenpacket's revenue from Malaysia, as the chart above would show you is less than four per cent, meaning 96 per cent of its so called revenue is from overseas, yet Chengco doesn't have a presence outside of Malaysia.

WHY did I say so called revenue? Well because Green Packet Bhd's  latest fourth quarter ended March 31, show that turnover has suddenly sunk by  nearly 300 per cent to RM45.53 million as opposed to RM141 million before.

WHILE for the 12 month ended Mar 31 2025,  turnover slumped to RM458.965 million from RM740.138 million before.

THIS is a VIEW : RM281 million drop, raising concerns that previous Green Packet  audited figures could have been massaged similar to that READ :ENRON in the USA

WiseGuy inside The Corporate Mafia : Velocity

VELOCITY means the speed  or lack of speed of any given thing in a given direction for better or worst.

THE way how the law is being applied to Malaysians today,  one cannot but ponder and wonder if what we are seeing today is a law based on different strokes for different folks.

JUST take a look at the charge being brought against the Revenue Brothers for READ : which now the court had been told was a free gift.

BEING  a free gift, please go and ask your accountant,  if the value that should rightfully be stated in the book for the said asset is ZERO?.

IF indeed it is true that the said value of the asset is zero, then can we safely say that the high handedness of the authorities investigating the matter,  subsequently was directly responsible for billions of Ringgit in losses in real time business as well as in the stock market.

THE same velocity can be seen in the move to zero in on the assets of the late Daim Zainuddin,  which Tun Mahathir  describes as READ : abuse.

NOW don't get me wrong, we all know if you break the law, the law will break you but where is that same verocity and velocity in the case of READ:Pamela Ling Yueh, who has gone missing from the face of the earth.

WHAT works for the goose must surely work for the gander too, because as citizens we are all EQUAL.

WiseGuy inside The Corporate Mafia : Birds of a feather

THEY tend to stick together, never mind that the stocks linked to the Corporate Mafia such as Revenue Group Bhd are being roasted to a historical low of seven sen a share.

IN what can only be described as a power play of the highest degree, at a time when the MADANI administration under Anwar Ibrahim is under pressure from all corners, Farhash Wafa Salvador Rizal Mubarak's MMAG Bhd has done the UNTHINKABLE. 

MMAG has signed an agreement with VIEW : Mpire Global Bhd, a company very much linked to fraudster Tedy Teow Wooi Huat.

DETAILS of the memorandum of understanding is immaterial, but rather the spirit of such as agreement,  and how the public will view it, is bound to cause damage to the Prime Minister.

DO  note that currently there is an on going active investigation , with China helping Malaysia dismantle Tedy Teow's billion dollar empire of scam.

IF you want to know how Mpire Global is linked to Tedy Teow, read the following.

1. SNC now known as Mpire inks RM1.8bil property deal with businessman Tedy Teow

2.Mayapada Capital the major shareholder of Mpire Global has long standing dealings with Tedy Teow

WiseGuy inside The Corporate Mafia :The Ballad of Green Packet

HUMANS, lie, deceive and speak half truths but numbers, have a confirmed ticket to heaven, because they do not lie.

NUMBERS only state the equations that determines the mood at ground zero, with a damning accuracy.

AT ground zero, the numbers that has been forced out from Green Packet Bhd, have very worrying and telling tale, that all is not well, especially for its former executive director, Francis Leong Seng Wui, and  his submissive minnion Teh Chee Hoe.

AS early as October 2023, I had opined, that it was READ : extremely weird for Green Packet, would appoint Cheng & Co as its auditor, considering less than RM25 million of Green Packet's revenue of RM750 million comes from Malaysia.

CHENG & Co  doesn't have the size outside Malaysia to audit a RM720 million a year business. 

EVEN the, I put my worth where my mouth is by stating eventhough  there were many red flags in Hong Seng Consolidated Bhd,  it was Green Packet Bhd, which is going to bring the curtains down for Leong Seng Wui.

REGARDLESS, of the excuses given by Green Packet on its latest quarter  results, at a time  when the investigations on Cheng Co, although not made public yet,  the dye had been cast.

THERE is NUCLEAR weapon of mass destruction about to rip, the Green Packet, overseas business, which amazingly was achieved with  almost zero office presence out side of Malaysia.

BELIEVE it, because numbers don't lie. Green Packet Bhd's number state for the fourth quarter ended March 31, revenue dropped by nearly 300 per cent to RM45.53 million as opposed to RM141 million before.

YOU can VIEW : the suddenly not much business in Green Packet Bhd, which raises the all important question ; in the first place, was there any ?. 

A ruse that touches close to the heart of false markets and laundering of narco cash from HELL.

WiseGuy inside The Corporate Mafia : MMAG Bhd's Wash Traders and Bear Raiders

WASH traders are a specific group, individual or i entities that engage in deceptive or manipulative practices to influence market prices for their own benefit. 

THESE individuals engage in self-trades to create the appearance of high trading volume and activity, often to manipulate prices or create a false impression of market interest. 

THEY are often lend a helping hand by bear raiders, either an individual or a legion of deceptors, who drive down the price of a security by selling large quantities, often to profit from short positions or create panic selling. 

ON March 24, 2025,  these rogue elements were on fully display, READ : tanking the MMAG Bhd shares by as much as 22.4 per cent.

SMALL time investors, got more than their fingers burnt, by the events of the day, which nearly erased MMAG year to date gain of 25 per cent.

A day latter, on March 26, 2025,  via a direct business transaction Farhash Wafa Salvador Rizal Mubarak  acquired 462 million shares or 20 per cent of MMAG Bhd for 40 sen a share or RM184.8 million, via a loan from kredit komuniti entity, Velocity Capital Bhd.

The shares were purchased at a 65 per cent discount. The question, Malaysia should be asking is, who pressed down the shares, and were they privy to information, the rest of us, were unaware off?

OR did the tanking of MMAG Bhd shares, took place, merely to facilitate the off shore market trade on the 26th of March.

THE  Securities Commission  and Bursa Malaysia's silence is beyond deafening. The silence is VIBRATING.

WiseGuy inside The Corporate Mafia : All Eyes on The Market Requlators.

THE suspension of the audit firm  Chengco, definitely raises possibilities of a much darker false market scheme in play.

PREVIOUSLY,  as early as August 2023, READ :I had warned that the different valuation of Innov8tif, had become contentious and an outright false market red flag, in view of Chengco being the auditor of many of the companies involved including GreenPacket Bhd and Revenue Group Bhd .

THE big question here is why is it Bursa Malaysia  had on Dec 14 2024, begun to insist READ : Revenue Group Bhd must hold and EGM if it wishes to sell its 49per cent stake in Innov8tif to NexG Bhd.

UNDER the current listing rules there was no need for an AGM to be held, as the directors had the required mandate to do so.

ONE train of thought was that for some strange reason Bursa Malaysia was helping Teh Chee Hoe from going to jail for manipulation dan failing to make the required declarations.

NOTE at the time Revenue Group Bhd  was buying Innov8tif from Hong Seng Consolodated , READ : Teh Chee Hoe failed to disclose to shareholders of Revenue Group Bhd, that he was deeply in debt to Hong Seng Consolidated, to the extent his entire block of shares in Revenue Group were registered under Hong Seng's name.

ON hindsight,  there could be another reason why Bursa Malaysia had wanted the minority shareholders to vote on the deal for Revenue Group  to sell Innov8tif to NexG Bhd.

THE reason being  ;all roads lead to creation of a false market and the role played by Chengco. 

 

The Securities Commission, has gone cuckoo

THE Edge, I fear have got their narratives wrong that READ : Chengco in the spotlight, following its forced resignation from as many as 35 public listed companies on Bursa Malaysia.

FORCED to resign,  after being  suspended for a two-year period by the Securities Commission Malaysia’s Audit Oversight Board (AOB).The AOB among others alleged “serious audit quality issues” with Chengco’s work.

THE spotlight should be on the Securities Commission instead of Chengco, as the SC has gone figuratively insane by stating "it is the primarily the responsibility of the board of directors and management of the public interest entities to ensure that their financial statements are accurate, reliable and presented fairly in accordance with applicable accounting standards".

OBVIOUSLY  the people employed at the Edge looks to be much more competent to investigate oversights than the people at the Securities Commission .

THE Edge had rightfully pointed out "almost all the 35 companies from which Chengco resigned from recently are not doing well financially. They appear to have a penchant for large cash calls, raising funds via private placements and rights issues, and employee share option schemes (ESOS), among others.

Some of these companies seem prone to changing their financial year end, and may do so again now that their auditors have been reprimanded and unable to continue to audit them."

WITHOUT spelling it out, the theme is crystal clear ; FALSE MARKET, that is where the direction of investigation should be heading to, instead of just flogging the auditors for their second two year suspension in SIX YEARS.

ASKING the directors of the companies to be gate keepers is like truly believing that hard core robbers have very high ethical standards.

FALSE market is a situation where there is material misinformation or materially incomplete information in the market that impedes the accurate pricing of a company's financials, or even its share price.

THIS is not an act, where accountants and illegally operating market makers, get a slap on the wrist with a two year suspension or a million ringgit fine.

FALSE market is criminal offense, which comes with a long jail term as well as the fear of not to pick up the soap if it falls during shower time...

THIRTY FIVE public listed companies, is equal to 3.5 per cent of the listed companies on Bursa Malaysia and things get a bit darker when you look a little bit closer.

THEY are mostly linked to Victor Chin Boon Long and Kenneth Vun Yun Liun. Coincidence? 

I think not, not by a mile and a half. Recall, back in August 8 2023, I had warned by ropping in Chengco into Revenue Group Bhd, the stage was being built READ : for the creation of a false market, that will overshadow Revenue Group in the days to come.

OR how suddenly Greenpacket Bhd, that supposedly earns more than 90 per cent of its revenue, booked at RM740 million in 2024 overseas, has seen sales spiralling downwards at speed equal to that of an inflated balloon, popped by a naughty needle. 

State of the Nation : In Silence, We have Spoken.

WE, here means the average flawed Malaysian. Flawed, we are, as we are racial but not bigots, the average Malaysisn is not a complex being.

BUT, we do know that when we stand together, we can cut giants to size, install believe in average skilled players that will beat the World.  

LOOK  back to May 16, 1992, on how  Malaysia regained the Thomas Cup.

NOTICE, between us, we have a lot of differences,  biasness, and even  racist tendencies but it doesn't take muc for us to unite under the FLAG.

MCMC under a dead wood called Fahmi Fadzil instead of helping Anwar Ibrahim find a way back into the hearts and minds of the average Peninsular Malays,  have been busy making sure the gap the Prime Minister has to close, widens by the day.

MCMC using tax payers money to shut down READ : Edisi Siasat, which had put fear of the Almighty and the fear of being  publicly exposed and humiliated among bribe takers  in Malaysia, creates a perception that the Madani Government has something to hide.

IT adds more perception based  pressure on  the government, at a time, when such heat is very unecessary. 

BUT, I am sure , Anwar Ibrahim would have reminisce some time with that was what I could do in my hayday, with no pressure publicity, but us  Malaysians in silence, speaking clearer and louder than any words could.

THE Prime Minister must have surely been impressed with Edisi Siasat, with no pre planned  PR push, not even a paid for advertisement but in silence, READ :in a matter of mere hours, that to on a working day, 100,000 Malaysians register as members of Edisi Siasat 2 0, which MCMC took down latter in the day.

THESE are rock star numbers, and beyond the numbers a secret message ; You can take them down, but you could not take the PRIDE, the average Malaysian in silence had given Edisi Siasat @ Telegram 

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Abdul Farid Alias, Chairman of Bursa Malaysia, wake up lah

NO doubt, the chairmanship of Bursa Malaysia is a non executive one, but we have seen previous non executive chairman of the exchange having their say, and doing it things their way.

THIS one though,  is a safe pair of hands, who was for donkey years a non executive director of the exchange..

FOR a guy whi earned more thab RM10 million a year in salary in 2017, you can bet that this chap won't rock anyones boat.

WHEN the fish head starts to rot away, you bet it will stink worst then fowl lower down the ground .

ANYONE know why the candidate to be delisted from Bursa Malaysia,  running  into the arms of the Guidance Note 3 list,  for companies on the verge of seeing their financials into distress, Asdion Bhd, no longer has a VIEW :functioning website?

CHAPTER 9 , of Bursa Malaysia's main market listing requirement states, a listed issuer must have its own website and publish specific information there, including all announcements made to Bursa Malaysia 

WAKEY wakey Abdul Farid Alias. Once you are up, make sure to tell  the people the SC and Bursa Malaysia are paying money too,  namely to the minority shareholders watch dog group, not to doze off on  June 26th 2025.

THEY should head to the Advancd Synergy Bhd , annual general meeting and have a public chat with the company's managing director, Lee Su Nie .

ASk Su Nie 🤣🤣🤣, how come READ : she is paying her self 700 per cent more than the industry average, while shareholders have seen earning per share of the company over a 36 month period fall by just under a quarter.

WiseGuy inside The Corporate Mafia : Dubious Brothers

MEET the dubious brothers, not related by blood but bound together by the statistics of failing to do the right thing for Revenue Group Bhd, the company.

THE latest in their mis steps or perhaps intent which has now blown over on their faces, are the READ : the suspension troubles facing their auditors, Chengco, metted out by the Securities Commission.

RECALL, back in August 8 2023,  I had warned by ropping in Chengco into Revenue Group Bhd, the stage was being built READ : for the creation of a false market, that will overshadow Revenue Group in the days to come.

YES,  partially it is related to how Innov8tiv, was valued Revenue Group, considering the Innov8tiv included Xendity, in which Leong Seng Wui was the sole director.

ALSO it had to do with Chengco's role as the auditor of Green Packet Bhd, when Teh Chee Hoe and Leong Seng Wui was running Green Packet down the drain bleeding blood red losses.

WITHOUT a single office abroad, ChengCo PLT, miraculously was able to audit Green Packet Bhd, where supposedly 90 per cent of the turnover comes from abroad.

DO note, Green Packet back in 2024 was a RM740 million a year company, in terms of raw Revenue earning power .

TODAY,  it earns in raw revenue about RM45.53 million a year, which is a tremendous drop, considering, we are talking about turnover, and not profitability. 

MERELY, throwing the SC rule books on Chengco is the wrong diagnosis.  The right one would be to go for the dubious hands with false market itching over their idle hands of mischief.

WiseGuy inside The Corporate Mafia : Money Too Tight To Mention.

MERELY weeks or perhaps even days from being exposed by the international media, the Victor Chin Boon Long crew is showing signs of being under heavy financial strain.

MANY had assumed that Chin Boon Long's tie up with Farhash Wafa Salvador Rizal Mubarak, a former aide to Anwar Ibrahim when he was the opposition leader,  was a sign that the activities of the Corporate  Mafia, would once again go unchecked.

CHECKED,  they certainly  have been, with a slow slicing one thousand cuts to the aorta of the informal organisation, known to bully ethnic Chinese businessmen,  running businesses that are cash rich.

THE strain has been too burdensome, that the Chin Boon Long Group, have started to cede some  operations to the Sabah group operating from Menara Lien Hoe.

OR better known as the operations closely linked to the so called self reformed but once, court sanctioned market manipulator known as Kenneth Vun Yun Liun. 

THE proof, they say is in the pudding. So checkout, Teh Chee Hoe, of Revenue Group Bhd's letter to South Malaysia Industries Bhd requesting himself as well as READ : Ng Fun Kim, Ling Chi Hoong, Amy Tan Li Peng being appointed director of the company.

IF you recall, Francis Leong Seng Wui, the main proxy,  who was once saved from bankruptcy by Chin Boon Long was supposed to spearhead the takeover of SMI Bhd, but with his cover spread thin and over exposed to loans from Kredit Komuniti  entities,  the begging bowl had to be stretched out.

NG Fun Kim, Ling Chi Hoong, Amy Tan Li Peng, are directors of either LKL International Bhd, or Vizione Holdings Bhd.

KENNETH Vun Yun Liun has control over these companies, including Parlo Bhd either via LKL itself,  and via Bioalpha Holdings Bhd, whoes roots can be traced back to Symphony Life Bhd.

KENNETH Vun Yun Liun  is the managing director of Symphony.

  

State of the Nation : Anwar Ibrahim

IF  you follow what I wrote a week ago, and that Yusoff Rawther flunking the polygraph test READ : would only hit Tik Tok after my article was out.

IT was not a mark of arrogance but a sign of a tale that i had told well before June 1 2024,  READ : that the single biggest threath to Anwar Ibrahim's Prime Ministership is neither Bersatu nor PAS but the Prime Minister's favourite person Fahmi Fadzil.

NOTICE,  I don't mention Tun Mahathir until a much latter date, when I wrote on June 2025 that READ : that Dr Mahathir is going to pump up the volume.

NOW,  back to Fahmi Fadzil  and the mess in which Anwar Ibrahim has been pushed into because of Fahmi Fadzil's gross negligence and absolute incompetence.

IT should have been a time to celebrate that even a sitting Prime Minister  under the current Madani Government  can't have it their way in a Malaysian civil court when READ :Anwar lost his bid to refer Yusoff Rawther’s suit to apex court.

AFTERALL, Malaysians for decades have been accusing the judiciary of not being free but when a sitting Prime Minister doesn't have it his way in court, what does the Prime Minister's chief communicator do?  Absolutely nothing .

AND now that Yusoff Rawther is READ : free from his drug charge, yet again Fahmi Fadzil does nothing.

SINCE when can an accused make blind accusation that a sitting Prime Minister had attempted to fix him up.

APART from Dr Mahathir,  Anwar Ibrahim is the only Prime Minister who truly understands the powers held by a sitting Prime Minister and trust me on this, if a sitting Prime Minister wanted you fixed, you'd be fixed for life.

WiseGuy inside The Corporate Mafia : Conspiracy To Commit Fraud

IN Singapore today, Malaysians, are being laughed at, but at the same time being accorded legendary dragon king status ; for doing the impossible.

THAT being, the perceived bias Singaporeans have on mainland Chinese as being past masters in the art of con. 

TEDY Teow Wooi Huat, it seems had done the impossible, pulling RM30 billion under the rug of the mainlanders.

IT has caught, President Xi Jinping's attention, and the rest they say is history in the making.

NO sooner than that, another scam seems to be on the verge of claiming a world record , as the world's biggest gold fraud, eclipsing the US$6billion Brex Minerals Gold scam.

READ : The Indonesian Gold Scam, that shook the world

THE case that there is a conspiracy to commit fraud, boiling in Penang has heightened with Facebook pages aligned to the Quantum Metal brand,  claiming that the company has started repaying it's investors after a hiatus of nearly two years .

READ : Allegedly, from Quantum Metal management. The billion ringgit payout is being made.

QUANTUM Metal last paid investors in 2023, some RM2.9 billion on top of booking RM400 million in profits. but it's business has grown more than 10 fold since the COVID outbreak.

READ : Quantum Metal paid out close to RM3 billion in 2023

THE case that a conspiracy to commit fraud exist relies heavily , that no such announcements had been made on it's official website.

WiseGuy inside The Corporate Mafia : Mad Option

A  couple of months ago, a Tan Sri who controls several public listed companies, managed to evade the authorities. 

UNLIKE, the 9th Prime Minister Ismail Sabri and Maju Holdings, Abu Juling , who had got themselves admitted in medical centres to avoid the MACC, this un named Tan Sri had upped the ante.

HE had managed to convince the MACC and the Attorney General's office that he was in sane or in plain language MAD.

WILL we be seeing more Tan Sri's pleading INSANE? ...time shall tell.

  this un name Tan Sri 

Teoh Beng Hock

THE Democratic Action Party (DAP), on paper  a social democratic and secular centre-left political party, seems to have mastered the technique of speaking with out substance. 

TEOH Beng Hock lost his life, but the DAP looks like it has given up its soul for the finer things in life.

COME this July, it would be 16 years since Teoh Beng Hock had died, under circumstances which remain disturbing and unpleasant. 

THE DAP, seems to be taking its electorate base on a merry go around, rather then getting justice for Teoh Beng Hock's family.

YOU really don't have to be Albert Einstein to figure this one out, that if you really want justice to be served, then it really doesn't matter if the men jumped on his own or not.

RATHER,  was he placed under duress ? If he was indeed released  and just wanted to hang around the MACC, did the deceased  sign off on all the release forms to secure his hand phone and so on? 

BY lowering the standards, one will have a better shot of getting justice and placing pressure on people to start talking.

BUT this DAP,  only wants to provide lip service. 

WHAT do you mean, DAP READ : you support the move by Teoh Beng Hock's family in challenging the NFA in court?

HOW  are you supporting it? BY boycotting  cabinet meetings? By financing the entire court expenses on behalf of the family, or by having tea, as Nga Kor Ming likes to put it everytime someone points out that something stinks under his ministry. 

State of the Nation : Yusoff Rawther

ANWAR Ibrahim, hasn't been on top of his game lately, and it is begining to show.

NURUL Izzah's triumph at as PKR's Deputy President looks shallow now that the dust has cleared.

READ : Nurul Izzah' 9,803 votes, comes out to 42 per cent of the 22,089 members eligible to vote.

SHALLOW at best, but not life threatening to the Prime Ministership.

WHAT has Anwar Ibrahim tangled in a web, many will proclaim is Yussof Rawther.

MEET Yusoff Rawther, the man who waited 450 days , timing a Police report against Anwar Ibrahim , two days before the PKR convention back in December 2019.

YUSSOF Rawther, in my view is not the problem, but rather the Prime Minister has been taking council with the wrong set of people, and has kept dead wood like Fahmi Fadzil to remain as communication chief. 

JUST Google up, the Prime Minister's new lawyer, VIEW : R. Krishnan, who is more of a corporate lawyer.

CONSIDERING  how quick the READ :the High Court nixed the constitutional immunity theory put forward by the PM's lawyers, the laymen would suggest that the Prime Minister's  best interest would be served by having, READ : Opposition chief whip Takiyuddin Hassan to advise him.

THE bane, remains though Fahmi Fadhil's poor handling of how to communicate with the Malaysian public.

HOW many of public know that it took  Yusoff Rawther 450 days, from the day the alleged matter took place, to actually making a Police report, or that polygraph test results cannot be used in a Malaysian court because there is no legal provision for it,  or even a then sitting IGP  had gone on record to say Yusoff Rawther had lied.

I am sure all these will be out soon on Tik Tok ....