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.