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?
