Friday, 15 August 2025

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. 


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.


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.


Thursday, 14 August 2025

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.

Wednesday, 13 August 2025

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?


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?

Tuesday, 12 August 2025

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.

Sunday, 10 August 2025

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.



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. 

Friday, 8 August 2025

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.


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?



Thursday, 7 August 2025

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.