UNREALISTIC enough for one to question the competence and INTEGRITY of the DAP starwalt, Nga Kor Ming, who happens to be the housing minister.
CONSIDER the following, Velocity Capital it is estimated had given out a 100 per cent loan for READ : Farhash Wafa Salvador to acquire a 20 per cent stake or 462 million shares for RM184.8 million.
AS such, the entire shares were READ : register under the name of Velocity Capital, which is fair enough.
NOW consider the following, the RM184.8 million comes up to about some 35 per cent of VIEW : Velocity Capital's total assets, which stood at RM523.73 million.
HOW nice, with the KREDIT KOMUNITI license and business which it is claimed on record by Nga Kor Ming to help the SMALL MAN, one can just brush aside shareholders and make a man RM108.57 million .
TO each, his own perhaps but what is stinking to the heavens is this single loan translates to 78.6 per cent of the total VIEW : RM235 million credit given out by Velocity as at the end of March 31 2025.
IT gets much worst , if one adds the monies given out as credit to LEONG SENG WUI and Target One to acquire SMI Bhd.
THIS pushes up Velocity Capital's loan exposure to the stock market, on merely two clients to 84.59 per cent of RM235 MILLION.
