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.