State of the Nation : When the one eyed man is king

THE national budget week, undoubtfully is among the best of times, when the chivalry of the one eyed man is king is on display 

BUT this is not about, the budget, nor is this about Anwar Ibrahim, the Prime Minister, not wanted by the Malay heartland, but providence gave the nation the Prime Minister they needed.

THIS though is about an institution under the preview of Anwar Ibrahim, in his capacity as the finance  minister of Malaysia.

THE institution of concern is the Securities Commission who quietly , charged Choong Lee Aun , the former managing director  of  AT Systematization Bhd (now known as Erdasan Group Bhd)  for causing wrongful loss amounting to RM16.35 million to the company. 

THE charges were brought under Section 317A (1) of the Capital Markets and Services Act 2007,  states that Choong Lee Aun was accused of authorising payments to two firms, Delta Million Dynamic Sdn Bhd and Midas Mode Sdn Bhd, between June 2020 and November 2021, allegedly with the intent to cause financial loss to AT Systematization. The offences were said to have taken place in Petaling Jaya, Selangor.

THE elephant in the room though is why wasn't  Mak Siew Wei,  who apparently is missing , charged  along  with  Choong Lee Aun by the SC as there ample provisions under the penal code to charge a person in absentia.

MAK Siew Wei, as alleged in many online forums such as i3investor is a partner of the disgraced market manipulator, and fraudster Kenneth Vun Yun Liun, and rumour has it, a fallout between the duo, resulted in a whistleblower emerging to map out Mak Siew Wei activities.

ERDASAN a company controlled by Kenneth Vun Yun Liun, has gone to the civil courts, demanding Mak Siew W3i return the money and compensate the company . 

READ : According to the writ and statement of claim filed at the Shah Alam High Court, Erdasan is suing Mak Siew Wei for equitable fraud for diverting RM46.47 million of company funds to various third parties without any valid justification...

THE question here is why didn't Erdasan sue Choong Lee Aun, as the RM16.35 million he is being charged in the criminal courts are part of the RM46.47 million.

TO add salt to wound, READ : there is an arrest warrant for Mak Siew Wei on charges of criminal breach of trust by the MACC involving RM39.88 million from the company’s subsidiaries between June 2020 and November 2021

NOTE, Mak Siew Wei is apparently being charged by the MACC and not the SC.  

IN the land of the blind, either due to natural causes or vitamin M stimulation, two men are being charged in court for almost the same crime but by different sets of government institutions.

WHY hasn't the SC charge Mak Siew Wai, as norm dictates the SC must have the first bite of the cherry

WiseGuy inside The Corporate Mafia : NEXG Bhd

HAVING secured some RM2.4 billion worth of contracts over the past 40 days,  it's seems have done little to convince the layman investors to have an ounce  of confidence in the company.

PROVE  they say is in the share price pudding of Nexg Bhd, that seems stuck  between the 50 sen and 52 sen range .

BRINGING  in  Puvanesan Subenthiran from the loss making Privasia Bhd, and Mohd Khairul Adib Abd Rahman into the Nexg Bhd board  with executivs powers on hindsight , looks like a sick joke, gone badly wrong .

WHAT ails NEXG Bhd ? Multitude of worry  signals stretching from shareholder returns, share capital spread management,  and  NEXG's  consistency  in getting the wrong set of individuals to run the company,; the latest being the appointment  of Mohd Sopiyan Mohd Rashdi as non executive director.

OVER the past five years, READ : average Dividends Per Share Growth Rate was 14.80% per year, over half a decade.

A closer look though reveals,  over the immediate  12 month,  the dividend growth per share has reversed and sunk into a regressive negative 73.8 per cent.

BASICALLY,  the company has stopped  paying dividend, while it's share buy back, has managed so poorly, VIEW : that even it's buyback yields are on negative territory

AS as result, shareholder yield are  hovering around negative 1.3 per cent.

DESPITE billions of Ringgit in new contracts,  over the past 12 months or so, , earnings have been diluted because,  the number of shares issued by the company have increased by more than 13 per cent.

TO put it simply,  over the last three financial years, Nexg Bhd's annualised gain soared to 1028 per cent,  but earnings per share merely managed a 27 per cent gain.

WiseGuy inside The Corporate Mafia : Amin Bangla, keep your eyes on the sparrow

AMINUL Islam Abdul Nor, the  billionaire from Bangladesh, commonly slymed by Malaysians as Amin Bangla, is a ticking time bomb for Malaysia.

THE damage to Prime Minister Anwar Ibrahim, as a reformist , leakage fighting  leader for the rest of Asia to emulate, will go up in smoke, as the Amin Bangla case is about to go international. 

FOR decades, Amin Bangla has lived the life  of a cat with nine lives,  cleared by the police and MACC  numerous times despite damaging evidence, and when charged in court to beating an underage  person, and charged in court,  the court files READ : has a trail, but no ending.

AMIN Bangla, a former executive director of Velocity Capital Partners Bhd, has for decades now been flipping back and forth public listed companies with his partner Victor Chin Boon Long, with impunity. 

THAT impunity,  seemed amplified, when back in May this year, Bloomberg reported READ: Malaysia pushes Bangladesh to stop probe of money laundering and labour rights violation against Aminul Islam, a major financer of Sheikh Hasina.

NOW, Bangladesh  is a definitely a poor country,  but it's interim leader, the  85 year old Muhammad Yunus,  has given  a response worthy of a Nobel Prize recipient and placed Malaysia in a bind.

IN  a bind because the Malaysian request did not originated from Wisna  Putra but strangely came from the Human Resource Ministry.

BANGLADESH, has been very consistent from the start,  that they see Aminul Islam and Ruhul Amin Swapan who moonlights between Kl,Dubai and London, as partners in  human right abuses of unskilled labour and on money laundering activities.

RUHUL Amin Swapan, of making  hay  when the sun shines,  READ : Amin Bangla pointmen in foreign labour recruitment, Ruhul Amin Swapan, had RM174 million of his assets seized in Bangladesh.

THE  talk in the street has been READ : if Ruhul Amin Swapan had accumulated RM278 million, how much you think Amin Bangla made?

BUT  within the corridors  of powers, they are concerns, eventually when details  pour out, the MACC might find itself between a hard place and a rock.

THE  main concern though is many aspects such the human resource ministry's correspondence on the Amin Bangla  case, the Prime Minister had neither approved, sanctioned or even briefed in advance.

YET it is Anwar Ibrahim's reputation which has been placed on auction, when the Amin Bangla case goes international. 

BEFORE  the shit hits the fan,  by hook or by crook, Amin Bangla's time on Malaysian soil has to be put to REST.

 

State of the Nation : Purge, the Evil At Play

PURGE the evil in our midst,  that too, thanks to the Prime Minister Anwar Ibrahim sense of justice and fairplay, is  being forced to reveal it's hand.

WE  have, the once supposedly , brilliant share market player, Eddie Ong Choo Meng of Hextar Group, who also happens to have a stake in Apex Equity Bhd,   cut down to his real size following indepth probe on potential link to scammer Tedy Teow Wooi Huat.

AT the court house, roamed by wily public prosecutors to the information is hard cash halls of Bursa  Malaysia, past misdeeds, including those that likely may involve elements  such as you scratch my back and give me a bag , are coming out in the open.. 

OUT in the open, though not in  the form of a statement or public confession, have left stinking smelly egg yoke on the faces of those who supposed take a salary to be our guardians of justice. 

IN the courts, public prosecutor's  from the Attorney General's office, are in a gostan or reversal. 

 TAKE  for instance the case of  P Kuhan Arunasalam, READ : being charged for soliciting a bribe of RM5 million — allegedly on behalf of the Securities Commission Malaysia (SC)

ONE wonders, why is it, you get charged for merely soliciting, but don't even,  get a scolding for actually  giving a  bribe. 

 READ :  Bribe giver, P Kuhan Arunasalam and Kenny Khor Chuan Wah the then financial controller of Hong Seng Consolidated, not charged , bribe taker Mohd Madankn becomes the fall guy.

ON  the green with lust, corridos of Bursa Malaysia, it seems delayed action , and a wink wink, with apuny fine istead of criminal prosecution , seems to be holding sway still for now 

READ : Jacky Pang Chow Huat get fined RM400,000 for his illegal actions, two years ago in Fitters Bd.

HEY, Bursa Malaysia, how many donkey years will it take for you to stick money laundering charges, on current Hong Seng Consolidated Bhd executive director Leong Seng Wui ?

 READ : Who is protecting Leong Seng Wui? From Green Packet Bhd to Revenue Group Bhd, unusual warrant conversion with regulatory action.

OR perhaps , it's asking too much from Bursa Malaysia. 

AFTER  all, the nation is now privy to the information about an INDIAN tm a business partner of Hong Seng Consolidated Bhd, having friends in very high places inside Securities Commission's office. 

WiseGuy inside The Corporate Mafia :Insider Crime @ Madani

INSIDER crime are white collared crimes committed by those who have insider information, but uses the said information for deceitful purposes.

INSIDER crimes include selective prosecution, and total amnesia by the prosecuting office on the guilf of others.

DID the prosecuting team from the attorney generals office , being selective in the case against Mohamad Madani Sahari, the former CEO of Malaysia Automotive Robotics and loT Institute (MARii) .

MADANI was charged for READ : taking a RM5 million bribe for a RM12 million contract.

MADANI took the bribe to push forward the interest of a Hong Seng Consolidated Bhd, partly owned company ; Aspire Knowledge Sdn Bhd. 

THE minority shareholder in Aspire is P Kuhan Arunasalam. The Financial controller of Hong Seng and Greenpacket Bhd, Kenny Khow Chuan Wah,  told the court, he was merely following instructions of P Kuhan Arunasalam. 

CAN believe' ahh  folks that majority shareholder will take  instructions from minority shareholder to pay a bung or even a minority shareholders, will pay a bung so the majority shareholder can benefit. 

THE serious questions here are, how come Kenny Khow Chuan Wah  and P Kuhan Arunasalam were not charged. 

HOW come Bursa Malaysia never questioned Hong Seng Consolidated ? And how come the housing ministry  did not penalise Hong Seng Consolidated, by suspending it's money lending licence?

WiseGuy inside The Corporate Mafia : The Suborners of Corporate Malaysia.

SUBORNER is derived from the Latin subornare, which means to secretly prepare or equip. 

A suborner is someone who persuades or bribes another person to commit a wrongful or unlawful act

MEET the suborners of Corporate Malaysia, that have very strong ties to the  previous Perikatan Nasional Government,  Khairy Jamaluddin and to the Victor Chin Boon Long Group 

KENNY Khow Chuan Wah, formerly from Hong Seng Consolidated,  MMAG Bhd and Classita  Bhd  and  P Kuhan Arunasalam, a shareholder of My Sejahtera, the National Covid app, and a partner in several business  linked to Victor Chin Boon Long, miraculously wasn't charged in court for READ : bribing , the now former chief executive of Malaysia Automotive Robotics and loT Institute (MARii) Madani Sahari, some RM5 million.

ALSO , READ : From MySejahtera to Sarawak Cable, it's the same Jinbang Gang.

THE two gentlemen mentioned above aren't  the optimus prime in bribing Government  officials. They are merely Victor Chin Boon Long's Boys.

NOW Kuhan Arunasalam is in the dock again, but this time in a much bigger case,  READ :of attempting to act for as yet unknown people supposedly from the Securities Commission a sum of RM5 million from UBB Amanah, so that action will not be taken against them.

CONSIDERING, that READ : former education minister, who is seen to be close to the Prime Minister, Maszlee Malik is the chairman of UBB Amanah, one can only conclude  that Kuhan Arunasalam  knows some really big fish in the Securities Commission. 

THE MACC  can use  Kuhan Arunasalam, to take down many big fish from the SC and Bursa Malaysia.

SOME of the fish in both these organisation,  were planted by MCA in the years when  Barisan Nasional , was the undefeated rulling party.

KUHAN Arunasalam, should be pressured to talk, because the UBB Amanah case is not a small case.

ON the contrary, its a very high profile case, which even has the attention of Parliament.  READ :UBB Amanah, Fraud, Money Laundering and much more

State of the Nation : The Ghost Of Charlie Kirk Looms in Malaysia.

WHAT will you say or do, if I told you in a straight face, 563 days ago, that when it comes to the end game, in case involving the Revenue Group brothers, the Victor Chin Boon backed group will chicken out.

BACKDOWN not because Steven Ng Chee Keong, was having a nervous breakdown. Men in too much, monetary debt don't dictate, games played by grown men, and that is the bottom line. 

563 days, on the dotted line READ : PS, Victor Chin Boon Long, if you notice, UNLIKE, all my previous writings, on this one, I have NOT put in a SINGLE reference to support any of my statements.THERE is a reason for this. You see Victor Chin Boon Long,, this article is not written to convince the public that I am right, and You are WRONG.THIS is ment ONLY for you, because apart from US, only you know the damage the Man Who knows too much can do to YOU.

ACTIONS have consequences, but a deal is still a deal, because if a man loses his credibility ; that being his word, then he is no man at all.

THAT being said, days after Charlie Kirk was gunned down, both sides of the political divide were united in this one four alphabet  slang READ :FAFO.

FAFO,  because actions do have consequences,  hence fingers must be pointed directly at Section D of the MACC and prosecuting team, as they now are direct party READ : to more than RM1.2 billion in losses to the investing public.

ARE we too believe that the Section D of MACC are grossly incompetent, matched only by the prosecuting team who decided to take the Revenue Brothers, not on one case but on two court cases?

ONLY for the Victor Chin Boon Long Group, VIEW : to fold, when very rich options were placed, for you know who to look away.

MY believe is neither the section D nor the prosecuting team, which included people who are responsible for caging Najib Razak, are not incompetent, rather there is something rotten in the state of DENMARK.

WiseGuy inside The Corporate Mafia : New Director is worst then the one who quit @ NEXG Bhd

NEXG Bhd, being in charge of our passports and identity  cards spooks me because, the data is too glaring in flashing a red hot warning signal, something is seriously wrong with the management of this company .

NEXG Bhd, seems very keen to hire dodgy people into its board. What is this company trying to tell us, or perhaps even warn us before hand, when shit happens, didn't we warn you so.

NEXG previously had appointed Michelle Yong Voon Sze, an auditor from Nexia SSY PLT, who was READ : publicly reprimanded by the SC for dodgy accounting work.

MICHELE , had to quit, affer I ramped up pressure, but lo and behold, NEXG Bhd, does an appointment which is going to put pressure on the home minister.

MEET Mohd Sopiyan Mohd Rashdi, who is linked very closely to Indonesia'sPT Envy Technologies Indonesia Tbk (ENVY)

H0ME minister and PMX please READ:FRAUDULENT FINANCIAL REPORTING DENGAN EARNINGS MANIPULATIONFINANCIAL SHENANIGANS: STUDI KASUS PT ENVY TECHNOLOGIES INDONESIA TBK

Dr Mahathir's Final Solution For Muhyiddin Yassin

SOME 780 days ago, I told you so, Muhyiddin Yassin,  that READ : Dr Mahathir is working for a final solution for you as well as Hamzah Zainuddin.

NOTE,  that I didn't say a word against Azmin Ali in that equation, because, don't discount the possibility of a Azmin Ali/Mukhriz Mahathir combo in the future.

780 days ago, I had stated, if Muhyiddin Yassin wanted longevity in his political life, his ride was with Anwar Ibrahim. 

MUHYIDDIN yassin, should woken up then that Anwar Ibrahim has never been his foe as the duo were said to be close even when Muhyiddin Yassin was the Deputy Prime Minister.

BUT too bad, for the self proclaimed Abah of the Nation,  now that the money has run out, READ : PAS has decided to put BERSATU in place.

SOME people might think that this is a spontaneous reaction from PAS, but it's not. 

IT'S  actually, a statement of intent from the 100 year old strongman from Kedah, in politics no betrayal is ever FORGIVEN.

State of the Nation : Buraqoil

HOW many of us,  have heard this name or even remotely am familiar  with the name ; Buraqoil.

WELL,  it's a billion ringgit revenue business, with over 190 petrol stations cum mini markets throughout, rural Malaysia.

IT is ultimately owned by a Bumi entity ; Zaiyadal Sdn Bhd, operating from its headquarters out of Megan Avenue II, Kuala Lumpur.

NOTICE, that Buraqoil does not operate as a Malay company nor does it, offer services to only Malays, as it serves everyone who can afford to pay for its products.

SO what is all this about, one may ask. Well it is about business being colour blind, and that there are rules to doing business. 

THESE days, a vast majority of us know that  Antonio Meucci and Johann Philipp Reis were the true inventors of the telephone, while Alexander Graham Bell had the wisdom to patent the product.

THIS week, I came across a VIEW : a tik tok clip, claiming Chinese companies are selling Malay kueh's as peranakan delicious cookies.

THE moderator, seem to claim that this is something wrong, vile and racial, while totally ignoring the facts, coming out of the USA, that most black based business tend to fail because they tend to target only one community. 

YOU maybe a racist, I might be one too, but if we are going to offer a business service, we need to understand  that business is colour blind, and if we feel very strongly about something, instead of bitching about it, go get it patented.

WiseGuy inside The Corporate Mafia : NexG Bhd, the story continues

PICKING up from where we left, that being READ : NexG Bhd, I told you so, here is the answer to my question.

PREVIOUSLY, I had stated ; "what was very notable about the announcement was there was no a sudden MACC section D division investigation on the duo who had voluntarily decided to quit the company."

THE duo who had suddenly resigned from NEXG Bhd, as we know are READ : its executive vice president of strategy, Ahmad Syahril Abdullah, and Muhamad Fakhrul Khir Abdul Samat, director of its digital projects subsidiary NexG CSA Sdn Bhd .

THE reason the MACC Section D trigger happy, Corporate Mafia Group, are staying clear from this route this time around is because of an earlier report to the MACC by a former top official of Datasonic Bhd, now known as Nexg Bhd.

THE report specifically has to do with NexG Bhd's purchase of Innov8tif from Revenue Group, as  well as NexG Bhd's sudden interest to do business with so called low life public listed companies such as Hong Seng Consolidated Bhd, GreenPacket Holdings Bhd,  Revenue Group Bhd and Classita Bhd. 

APPARENTLY,  Ahmad Syahril Abdullah,  at that point of time was a trusted runner for a very important board member with an eight per cent stake, who helped facilitate the entry of the Chin Boon Long Group into NexG Bhd.

State of the Nation : Tortoise On A Roll

HONESTLY,  my impression of the late Charlie Kirk, was that, he was some sort of right wing TV personality, who wasn't a racist.

THAT was before he had his neck blown off. Now I know that he was a very important man, connecting Trump to America's under 35 year old, and that  his assassination READ : might be linked to a rival, homosexual MAGA gang.

THE lesson we, should learn from this is never take for granted, when some one says they wanna kill you.

ANWAR Ibrahim, has had two death threads in a span of two years, which is a record for a Malaysian Prime Minister.

HE didn't assume the nation's leadership role in manner that was defining and with a sway in which Prabowo Subianto,  assumed the presidency of Indonesia. 

BUT what a record breaker Anwar Ibrahim has been. The man who waited 25 years, for the opportunity to lead Malaysia, and roundly laughed at READ: cause Trump didn't have a phone conversation with him but was cordial with Prabowo.

GUESS who is READ :coming to Malaysia to meet Anwar Ibrahim?

A lot of this, has to do with the numbers, Anwar Ibrahim has been generating. It says a lot when, the Malaysian Ringgit, which is not traded abroad, READ : has managed to creep into the top 20 most influen currency

WiseGuy inside The Corporate Mafia : NexG Bhd, I told you so..

EIGHT days or some 192 hours ago, on September  2, 2025, I SPECIFICALLY stated READ : One more NexG Bhd, director's head was on the chopping board.

FAST forward to late Tuesday, and the under the microscope NEXG Bhd, READ: hastily announced the resignation of its executive vice president of strategy, Ahmad Syahril Abdullah, and Muhamad Fakhrul Khir Abdul Samat, director of its digital projects subsidiary NexG CSA Sdn Bhd, effective July 2025.

SIGNIFICANTLY,  what was very notable about yesterday's announcement was there was no a sudden MACC section D division investigation on the duo who had voluntarily  decided to quit the company.

YET, NEXG Bhd, had decided to make a mountain out of a molehill by dramatically stating that the the company is urging all stakeholders, partners, and the public to exercise caution and to verify any representation made in the name of NexG or Datasonic , and as such any actions by the above-named individuals will be deemed unauthorised.

BY  going the hostile route,  NEXG Bhd, have given the opportunity once again for the authorities to rebook into the READ : November 2024, ex executive director of the then Datasonic Bhd's whistleblower letter to the MACC, Securities Commission and Bursa Malaysia, than a certain Mafia group had hijacked the company and using the company to enter where questionable transactions.

WiseGuy inside The Corporate Mafia : PN19

PRACTISE Note 19, which came into effect on December 28, 2006, under Bursa Malaysia's listing rules are very clear on the public shareholding spread of a public listed company.

AND also, the actions, a company must take in the event, its public shareholding spread falls below the 25 per cent mark.

PARAGRAPH 8.02(3) of the Listing Requirements provides that a listed issuer must announce to the exchange that it does not comply with the Required Public Spread immediately upon it becoming aware of this.

THE question, Malaysia should be asking itself is why has Hong Seng Consolidated Bhd been silent, after breaching the  market liquidity rules.

A quick check VIEW : on the yahoo finance platform, reveals, that the number free float shares in Hong Seng Consolidated is estimated to be around 667.42 million shares.

CONSIDERING, Hong Seng Consolidated has a share capital spread of 5.11 billion shares, this would place Hong Seng Capital's free float spread at 13.05 per cent well below the acceptable level of 25 per cent or even the lower bandwidth of 15 per cent.

HONG Seng Consolidated's silence and Bursa Malaysia's inaction is tellingly hypocritical.

State of the Nation : Donald Trump

THOSE who are opposing Donald Trump's visit to Malaysia, and want the Madani Government to either bar the  American president from visiting Malaysia or to treat him as a pariah, should be seen for what they are.

BUT  first to recap, READ : US President scheduled to visit Malaysia this October, is a visit which will give Malaysia millions of US dollar worth of free publicity on the global stage, that will help boost investments as well as provide a fresh dimension to our tourism sector.

THOSE who are attempting to pressure the Malaysian Government to act irrationally by staging  READ : mass protest, should be seen for what they are ; an enemy of the state, and like wise be treated as such.

CONSIDER the following, U.S. goods and services trade with Malaysia, reached an estimated USD$86.5 billion in 2024.

IN  Ringgit terms,  this amounts to RM365 billion, which comes out to some 92 per cent of our 2025 national budget of VIEW : RM393.8 billion.

CAN any one of those demonstrators, some of whom are foreign funded please fork out RM365 billion in cash before, they force the nation to commit harakiri?

WiseGuy inside The Corporate Mafia : Double Down!

ABSOLUTE  failure, had been turned into the art of success in Corporate Malaysia,  has highly strung some very powerful people ; that this insanity has to STOP.

CURRENTLY,  under the main market rules, an individual is restricted to being a director of only five public listed companies.

WHICH, means Francis Leong Seng Wui, is still within the framework of the law,  holding executive directorship in Revenue Group Bhd, Hong Seng Consolidated Bhd, Globetronics Bhd and Mpire Bhd.

WHAT, people are questioning is how come a man who has a history as long as two decades off,  bleeding red inked blood out of public listed companies, is still being called upon to serve?

NOT only are the companies, run  by Francis Leong Seng Wui, loss makers, they are equally badly managed. 

FOR instance,  Revenue Group Bhd, up to the third quarter of its financial year ending 30 September 2025, apart from being a loss maker VIEW : group turnover stumble by 27 per cent, which trade receivables spiked by more than 80 per cent to RM30.5 million.

WHICH leads us to our double down by TheEdge, who hasn't yet exposed any illegalities.

THE jabs on the Corporate Mafia, a group said to be minnions of the increasingly reclusive Victor Chin Boon Long started with a front cover issue READ : Mind-boggling investment decisions by the minnions.

THE double down on Victor Chin Boon Long's minnions is followed by an upper cut,  that can only keep up guessing,  which tale of the tape, could rightly describe the top officials of Bursa Malaysia  and the Securities  Commission. 

ABSOLUTE bonker level idiots or shamelessly corrupt as theEdge it seems is getting ready for its next big kill. READ : Penny Stocks, Name Changes, Loss makers.

 

  

WiseGuy inside The Corporate Mafia : IMPUNITY

WHAT is impunity? A  rough  definition  of impunity, should read as exemption from punishment or freedom from the injurious consequences of an action.

HAVE we become a nation, where impunity is granted on a silver platter, for the powerful and rich, who commit crimes?

CONSIDER, the following, READ : As of August 2025, 13 suspects, including a Tan Sri, a Datuk Seri and three Datuks had been detained and more than RM6.6 billion have been seized in the on going Tedy Teow's MBI ponzi scheme investigation.

YET not a single soul have been charged in a court of law, with most of the Tan Sri's and Datuk Seri's after having been detained briefly are back living the highlife.

OR how about the youngest son of an ex Prime Minister's son detained in his Ferrari,  with heroin, a highly addictive hardcore drug, also known as diacetylmorphine and diamorphine among other names.

WILL the 29 year old, who had two prior drug related arrest previously, but hushed up to the public, finally be charged in court, or will the lab test, prove us all wrong? 

THE  South China Morning Post,  writing on impunity in Malaysia recently had this to say ; 

 "Thousands rallied on a lazy  Sunday afternoon in Zara’s quiet hometown of Sipitang – where most of the district’s 66,000 residents work in paper plantations, farming or fishing – to demand justice."

ARRESTING and seizing billions of Ringgit  or announcing to the public that an ex Prime Minister's son was caught with drugs, is all fine and dandy, up to a certain point, which have reached the BREAKING POINT  in Malaysia.

State of the Nation : Anwar Ibrahim lands in the fight for Malaysia

LEADERSHIP is a combination of strategy and character. If you must be without one, be without the strategy.” – U.S. Gen. H. Norman Schwarzkopf.

THE Prime Minister party still looks like without strategy, on how to win the Malay heartland, but in Anwar Ibrahim, they have a leader with conviction.

THE  Prime Minister has landed, underlying to the nation that what you do, has a far greater impact than what you say.

ANWAR Ibrahim,  statement  thah READ : ethnicity should not be an obstacle for qualified candidates to hold senior government positions, have  basically killed off  BERSATU's hearts and minds campaign to win the Indian  vote.

THE Prime Minister was defending M Kumar's appointment as Bukit Aman’s Criminal Investigation Department (CID) director, amid criticism from Opposition over the latter’s ethnicity.

THE  fight for the heart and soul of Malaysia is on, and a desperate BERSATU , READ : is attempting to recruit everyone and anyone it can, even the UMNO Youth head, Akmal Saleh.

AKMAL Saleh is loud, but the guy is not a racist, blasting back to BERSATU , READ : that Malaysia belongs to all of us, regardless of race or religion.

PAS have kept silent, reading the tea leaves, that seem to point, the only way, PAS will have a voice in Putrajaya  come GE16, is by standing with Anwar Ibrahim and not against him.

WiseGuy inside The Corporate Mafia : Hong Seng Director Bullying A Malay Lady.

LESTER Chin kent lake, the Hong Seng Consolidated Bhd, director has got himself, and the entire Chin Boon Long Group in a spot. 

OVER the years, the Chin Boon Long  Group have taken over several public listed companies owned by ethnic Chinese businessmen, that suddenly came under MACC investigation.

AMONG them were, GreenPacket Bhd, Classita  Holdings Bhd  and Revenue Group  Bhd.

NOW it seems the Mafia group have started to bully Malay businesses as well. READ : Founder of Asiapac Oil & Gas Sdn Bhd, claims trail in yet another Corporate Mafia linked case .

ASIAPAC Oil and Gas, since being placed under the new management, has defaulted on a RM100 million CIMB credit facility,  after plans for an initial public offer was scuttled, after thr founder of the company and its long standing employees, walked away from  the company

 

WiseGuy inside The Corporate Mafia : The Bully.

THE Prime Minister Anwar Ibrahim wants an end to READ : bullying at schools and in the work place .

COMMUNICATION  minister Fahmi Fadzil last year READ : on July 24th publicly ordered the MCMC chief to act against false news, cyberbullying.

OBVIOUSLY,  Mohamad Salim bin Fateh Din, the MCMC doesn't take Fahmi Fadzil seriously because, READc: Rafizi Ramli's recent statement on Farhash Wafa Salvador Rizal Mubarak has all the hallmarks of a bully

NO proof, not an inch of evidence, yet the bully has placed a person on the spotlight.

WELCOME  to the world of the Corporate Bully. 

TELL me how on earth did Leong Seng Wui, manage to become the executive director in three public listed companies investigated by section D of the MACC.?

THE companies are Greenpacket Bhd, Revenue Group Bhd and Classita  Bhd.  

IS the Government  in the business  of helping corporate bullies? 

IF not, why is Nga Kor Ming, allowing Kreditkomuniti  license to be maintained by  companies controlled by Leong Seng Wui, when there are more than a dozen police report against the man for intimidation?

ONE would argue that a police report doesn't equal to guilt, but when you have different sets of people from different states, making similar allegation against Leong Seng Wui. 

THE question, we should be asking ourselves is if all those allegations against Leong Seng Wui were  why wasn't anyone charged in court by the police for making a false report ?

WiseGuy inside The Corporate Mafia : Whistleblower @ NexG Bhd.

BACK in November 2024,  Malaysia's anti corruption agency the MACC was warned a heist was in the making at NEXG Bhd.

NOT surprisingly,  the MACC unit known as Section D sat on their fat backsides, unlike the times, that allowed Francis Leong Seng Wui to gain control of GreenPacket Bhd, Classita Bhd and Revenue Group Bhd.

MUST be the biggest coincidence in the history of the Malaysian stock exchange,  that the MACC  conducted  publicly, hence making sure the media, knew and investigation was suddenly taking place.

FOLLOWED, Leong Seng Wui, emerged as the executive  director. 

YET, no a whisper from Section D on NexG . And what do we have today. The mother of all co incidence,  that Nexg has paid  RM76 million,  a premium of more than 80 per cent take Classita Bhd from Hong Seng Consolidated  Bhd 

GUESS who is sitting in Hong Seng Consolidated Bhd as the substantial shareholder and executive director ?

FRANCIS Leong Seng Wui, a diploma holder saved from bankruptcy  previously, by Victor Chin Boon Long, who then used the YES MEN test, by placing him as part of the parking management crew at Federal Hotel.

WiseGuy inside The Corporate Mafia : Razarudin Husain

NOTHING illegal here, but in the world of environmental, social, and governance factors, commonly known as ESG, which has a strong bond with Anwar Ibrahim's  Madani frame work,  the bells start toiling.

WAS surprised that the Edge felt the following shocking.  READ : poser over NexG’s mind-boggling investment decisions.

WHEN what was more shocking, was the failure to stand up for good ethics,  which in return is the single biggest indication of a glaring, moral, ethical and fair play failure.

CONSIDER, the announcement made by Classita Bhd, following the appointment of the country just pensioned Inspector of Police appointment as chairman of the company, albeit with zero executive powers.

THE announcements  which stated that READ : the nation's glorified bra and panties company is delirious in building housing for the PDRM, in which Razarudin Husain, was the boss as late as early this April.

THERE are levels to how a top former cop should carry himself, and in this instance it points to a different type of malice poisoning our country.

State of the Nation : Its All About the Money.

LAW minister, Azalina Othman is absolutely correct, READ : there is no immediate need to form an MACC service commission.

THINK what you may of Azam Baki, the guy has delivered on the big cases, and even on the ones involving senior civil servants.

YES, there are still rotten apples sticking like a mangled thumb, as the public has deep apprehension of the section D unit of MACC, and how it jumps like a hawk and move like a ninja, to the benefit of Victor Chin Boon Long and his dawfted minnion Leong Seng Wui.

BUT these are manageable inconvenience due to the overall work put in by Azam Baki.

WHAT Malaysia needs urgently is an independent force separate from the police force and the MACC , whoes single key performance indicator, would be to purse corruption from the immigration department. 

WHY the need, because no one is even remotely disgusted, READ : that immigration officers are pocketing up to RM40,000 a day in bungs and 90 per centbof those at KLIA are on the take.

WE need a special force, akin to the 1970's Hong Kong special force that went after dirty cops. Today, under China's rule, Hong Kong is proof that the majority of cops are not born corrupt.

A special force, will be able to differentiate between corruption, and familiarism. 

FARHASH wafa Salvador, is familiar with Anwar Ibrahim, and Malaysians are familiar on that matter.

BEING, familiar does not equate to corruption, which is one of the reasons the late Daim Zainuddin, was never seen as a lackey, but as a man with a good insight in business.

UNLIKE, Daim Zainuddin  though, Farhash Wafa Salvador has no official  say in banking mergers, in killing off debts and acquiring assets at a song.

HE is no Mirzan Mahathir, bailed out by his father's Government with PERTRONAS for Konsortium Perkapalan nor Mokhzani Mahathir, whoes trades and disclosures in Pantai, was against the law, but got away without even a rebuke.

BUT yet, people are treating his name as a leper, the symbol of corruption? Farhash Wafa Salvador didn't even get  cheap credit to acquire and dispose assets, yet people say he is the symbol of what's wrong with Malaysia.

WHY is that so? It is because, politicians such as Rafizi Ramli and his business partner, the Subang member of Parliament,  Wong Chen have trained the public ; that they are clean, and who ever they say is dirty, as the scum of hell in them.

NO one calls, Rafizi Ramli, unprincipled, after READ : after rubbishing the ECRL project, by frightening Malaysia in 2018, with the ECRL money we can build 30 KLCC.

ONLY to sit as a church mouse , silently a year ago, READ : on the developing a master plan to boost the ECRL.

IT'S  all about the money folks. Rafizi Ramli has realised too late in the game, that Anwar Ibrahim only needs to win 25 per cent of the Malay vote to get a two thirds mandate at GE16, to remain Prime Minister.

RAFIZI Ramli had miscalculated, in throwing in the towel after Nurul Izzah brutalised him in the PKR party elections.

HIS pride, overwhelmed,  the good intentions of Nurul Izzah's to keep Rafizi Ramli inside striking distance to the Prime Ministership, as an appointed deputy president.

HAVING, trashed Nurul Izzah numerous times myself,  won't blind me, that the women had been nothing short of MAGNANIMOUS, knowing fully well, she does not pocess the ACE in Rafizi Ramli's armour at this point ; a seat as an elected member of the Dewan Rakyat.

WiseGuy inside The Corporate Mafia : Auditors running for life.

BELIEVE it or not, approximately  it had been READ : 690 days, to the dotted line, when I told minority shareholders of Greenpacket Bhd, that there was something seriously wrong  its auditor,  that the lights went down officially on the auditor READ ; Chengco PLT.

AM glad to report back, that there is a new bunch of auditors, who are running literally away from companies linked to the Victor Chin Boon Long brand name.

WE are seeing it now in VIEW : MMAG Bhd  and VIEW : Hong Seng Consolidated Bhd, among others.

ALL these include don't want to work for you anymore are coming so close after Chengco PLT mysteriously stopped working for the public listed companies.

IT is time, we stop cursing the auditors and start reinvestigating these companies in the hope that it will not lead back to fowl smelling money from drugs, gangland extortion, gambling, prostitution and other human right abuses.

WiseGuy inside The Corporate Mafia : Bursa Malaysia, the glorified postman.

BURSA Malaysia, the manager of the Malaysian stock exchange, should come out and say it as it is .

THAT being, is has given up on its role as the manager and administrator of the exchange,  to become a glorified POSTMAN.

THE exchange, it seems will not a utter a word of disent, even if you feed SHIT into its MOUTH.

CONSIDER, the following ; READ : Revenue Group has proposed a cash calls amounting to RM193.63 million, of which its executive director Leong Seng Wui, will only support VIEW : to the tune of 4.94 per cent of the RM193.63 million it intends to raise.

THIS is below the five per cent odd shares, owned via credit by Leong Seng Wui.  

WHO will be giving Leong Seng Wui the RM9 million ringgit or so , for him to subscribe for the shares and does he have the financial means to actually support this exercise, considering Leong Seng Wui is deeply in debt to money lenders for the shares,  he supposedly owns in Hong Seng Consolidated Bhd  and SMI Bhd.

IS, Leong Seng Wui acting as an agent to wash some other people's  money, earned from nefarious activities such as drugs, gambling, extortion and prostitution?

WHY such a question must be asked and requires a forensic answer is because READ : previously some RM46.94 million has come into Revenue Group Bhd via converting the Revenue Group Bhd Warrants on a one for one basis at 75 sen per share. A strange move considering directly owning up to 33 per cent of the mother, had accounted for the strange warrant exercise, that has many hallmarks of laundering.

ALSO, Revenue Group Bhd, has another executive director, Teh Chee Hoe, who also have a similar size stake in the company, like Leong Seng Wui.

WHY is Teh Chee Hoe  not giving the same set of undertaking to subscribe for the cash calls?

IS Teh Chee Hoe, bed ridden by transmissible illness, or is he reluctant to give such an undertaking because the entire cash call by Revenue Group is HOGWASH?

WiseGuy inside The Corporate Mafia : Classita Holdings Bhd

RAZARUDIN Husain, Malaysia's most recent ex Inspector General of Police, must be the nation's most talked about man, following his appointment READ: as Classita Holdings Bhd's new non executive chairman this week.

THE appointment had tongues wagging, inside the corridors of power in Corporate Malaysia for many reasons.

FIRST and foremost, the appointment itself looks a bit off because Razarudin Husain, would be replacing a much more junior ex officer.

ONLY thing here was, the ex junior officer, READ : Ng Keok Chai was resigning as executive chairman of Classita Holdings Bhd.

IN the scheme of things, Ng Keok Chai, has managed to hold on to his executive powers in Classita Holdings Bhd,  as he was immediately appointed as executive director.

WHILE Razarudin Husain has zero executive authority in Classita Holdings Bhd.

INTERESTINGLY, on the day, Razarudin Husain walked into the sorrid family of Classita Holdings Bhd, another senior ex policeman, specifically  the ex Chief Police of Perak, READ : Mior Faridalathrash Wahid resigned as executive director of Classita Holdings Bhd.

EVEN that vacancy, couldn't  get Razarudin Husain a seat with executive  powers on the Classita Holdings Bhd board.

WiseGuy inside The Corporate Mafia : What's next for Nex G Bhd?

ON  July  28 2025,  I specifically  stated that READ : the Next is Nex G Bhd in terms of getting blanked out from future long term national security contracts.

WELL less than 14 days latter, NEX G Bhd, itselfs, has gone an extra mile to prove why it has become such a claustrophobic  company for the Government to deal with.

CONSIDER the following,  NEXG Bhd has spend its entire cash  as at 31 March 2025, VIEW : of RM75.89 million to acquire a stake in the worthless Classita Bhd from Hong Seng Consolidated Bhd.

READ : NexG Bhd pumps in RM76 million into Hong Seng Consolidated by taking Classita Bhd off its hands .

SURE , READ : had RM134 million additional cash coming in via its private placement exercise ,off which the company  has already VIEW : spend RM28 million to buy a factory from one of John Soh Chee Wen's boys.

BASICALLY,   from the RM106 million remaining,  NEXG has about RM50 million in cash borrowing,  leaving the company with a paltry RM50 odd million for expansion.

THE amount itself, should tell you, NEXG already knows its head is going to be chopped off by Anwar Ibrahim's  Madani Government. 

State of the Nation : Wash Cycle

NOW, how on earth can the lowly but essentially  required and highly effective washing cycle be the centre of Malaysia's universe this week?

BUT it is, and it has nothing to do with our sometimes, perfumed, used but spotless clothes as well as used and stinking and soiled clothes.

IT, has all to do with money laundering, with the wash cycle, having three very important stages namely placement, layering, and integration.

WHAT should worry Malaysians is that this type of activity is being done so openly and blatantly to the extent, it feels like there is not even an ounce of fear or respect that the law will get them.

FIRST, we saw how NEX G Bhd saved  Leong Seng Wooi's arse READ  by acquiring Innov8tiv from Revenue Group for RM40 million (a ridiculous premium).

DO note the said asset originally belonged to Hong Seng Consolidated Bhd, in which Leong Seng Wui is the executive director now.

LO and behold, NexG Bhd, is now READ : acquiring a 32 per cent stake in Classita, plus some worthless warrants for RM76.78 million from Hong Seng Consolidated .

NEXG says, the following of  the acquisition that none of the directors, major shareholders and/or chief executive of NEXG and persons connected with them has any interest, direct or indirect, in the acquisition.

IS this true ? Have we forgotten that NexG's current deputy executive chairman Mohd Khairul Adib Abd Rahman was one of the wanker, alongside Victor Chin Boon Long's wife who had initially sold a 32 per cent stake in Classita Bhd to Hong Seng Consolidated?

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?

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