Tuesday, 29 April 2025

WiseGuy inside The Corporate Mafia : Calling Mr Vain, calling, DPP Law Chin How.

WHAT'S a conflict of interest? It could mean so many things, yet nothing. Many though, won't object to the point of view, it leads to bias in decision making.

TAKE the case of the senior Deputy Public Prosecutor of Malaysian Anti-Corruption Commission, Law Chin How.

SOME say, he has a close bond with MACC' famed Cawangan D, true or not, it's actually none of our business. 

IT becomes OUR business,  and I mean OUR as in Malaysia's  and every Malaysians business, even if there is a single drop or hint of a conflict or even perceived conflict of interest. 

LAW Chin How, has been involved in some very high profile cases such as 1MDB, and the Bung Mokthar's  case,  but it is the lesser profile case that should bother us.



THE drawback, though was the bribe giver, cited by MACC FM is a READ : is a certain Kenny Khow Chuan Wah, who ultimately was acting on behalf of a company owned by Hong Seng Consolidated.

WHEN all these monies were exchanging hands, Kenny Khow Chuan Wah, was also an executive director in Green Packet  Bhd, alongside Leong Seng Wui, who now happens to be the substantial shareholder of Hong Seng Consolidated.

BOTH Kenny  Khow Chuan Wah and Leong Seng Wui very hurriedly resigned some three days apart from Greenpacket in Dec 2023.

WHO decided, in giving Kenny Khow Chuan Wah, the bribe giver on behalf of a company under the Hong Seng Corp Bhd group of companies a FREE PASS in the Madani Shari graft case and WHY?

CAN those same set of people lead a prosecution teams case involving Revenue Group Bhd, where on the dock are all those who OPPOSE  Leong Seng Wui.  You be the judge MALAYSIA




 


Monday, 28 April 2025

WiseGuy inside The Corporate Mafia : The Story of Ooi.

THE story of Ooi Chieng Sim,  is indeed a fascinating one, as the cover up, was not from the police but from Politicians in government at that point of time, and some very respectable business publications

RESPECTABLE at the level, even Malaysia's most popular politician among the masses,  has his kuckles cracked.


BY any accounts, the seizure amount is pathetic.

 NO wonder Revenue Group Bhd cab convert warrants at 75 sen a share when the mother was trading 20 over sen to raise as much as RM62 million cash in the most suspicious way.

WHO were this kind hearted warrant holders in Revenue Group? Were they angelic, or notorious individuals masked via proxies finding legitimacy from  the drug trade?

THE recent factually on Tedy Teow Wooi Huat,  paints a much more darker edge to the MBI founder.


THE Thais know something we don't which is whg they insist Tedy Teow Wooi Huat is a billionaire and a drug kingpin.

FORMER home minister has a lot to account for. Under his watch, those at front line of the drugs business but still be a director of a public listed company.

THOSE gangster types, like Francis Leong Seng Wui,  can have police report lodged against them for blackmail, fear mongering, and intimidation, and yet is seen fit to continue turning porifitable ventures into failers

Friday, 25 April 2025

State of the Nation : Birth Rights

THE new rich of the world is no longer solely tied to gold reserves,  currency reserves or even US Treasury Bills ownership.

 NOR is it valued on your YUAN reserves, or even the much talked about super BRICS currency  of the future.

THE rich, ironically is what GOD through mother nature has given each nation as its birth right.

IF you abuse your birth right, you could well end up, holding the beggar's bowl for help from your brother, VIEW : as Malaysia found out when Indonesia said NO to our request to buy rice from them.

THE politics of the new rich, is not confined to our nation, as we can see it being played live on TikTok screens and on CNN as READ : India suspends water treaties with Pakistan, treaties that were never touched even when both countries were at war.

STRANGELY,  India's decision to use water as a weapon, comes merely two weeks after, the country alleged READ : that china building the world's largest dam, was akin to a water bomb which could sink Northern India and Bangladesh.

EVEN the slightest mention of war between India and Pakistan, is going to have an impact on our own rice supplies.

ONCE upon a time, nearly four decades ago, due to our GOD given birthrights, we were self sufficient in rice, but we squandered that away in a fluff.

WE have ample water though for our people and the Proposed Data Centers, READ : which requires a tremendous amount of water.

IT will be a sad day indeed, when we wake up one day to find out even that birthright we have given it a way for a SONG.


Thursday, 24 April 2025

WiseGuy inside The Corporate Mafia : MMAG Bhd.

HERE is a question that needs to be answered,  not by MMAG Bhd but by BURSA MALAYSIA. 


HOW much money did Farhash Wafa Salvador Rizal Mubarak spend to buy a 20 per cent stake in MMAG Bhd.

ERIC See-To, Najib Razak's fan boy who goes by the name Lim Sian See READ : places the deal at RM320 million, while I have gone on record to place it at between RM100 million to  RM280 million 

WHY this is an estimate is because there are no documentations yet on Bursa Malaysia's website on the cost of the deal.

WHY is the cost important then? Well it is because just weeks before Farhash Wafa Salvador Rizal Mubarak  would enter MMAG, Velocity Capital had bought the shares for a song.

THE average price NEXG Bhd paid for a stake in MMAG READ : was about 40 sen a share.

IN between those purchases MMAG shares had flew in the month March from 51 sen to well over 80 sen a share up to March 24th only for the run to be broken by READa one day 15 per cent plunge in share prices, which has never really recovered.

ONE day latter, on the 26th of March, Farhash Wafa Salvador Rizal Mubarak would appear. 

WAS there a margin call on MMAG, or were the shares pressed down for Farhash Wafa Salvador Rizal Mubarak to enter ?

ONLY for all the well laid plans go off the rail due to an orange looking guy sitting in Washington DC, known as Donald Trump upsetting the world trade order?






Tuesday, 22 April 2025

WiseGuy inside The Corporate Mafia : The ties that don't seem to bind.

MOST may have heard about the saying on the ties that bind, an irrevocable friendship that doesn't change even through the test of time.


BUT here is a new one for you, the ties that don't seem to bind but is being forced upon a gullible public, that there is something more than meets the eye.

CASE in point, being Farhash Wafa Salvador, who was Anwar Ibrahim's secretary some five years ago, before they parted ways.

THOSE close to the Prime Minister say, while they are not on bad terms, neither is Farhash Wafa Salvador considered to be in the inner circle of Anwar Ibrahim. 

FARHASH Wafa Salvador can do business with whoever he wants to and Anwar Ibrahim's Minister of Finance Inc will do whatever it deems in the best interest of Malaysia.

JUST look at the MMAG Bhd  linked Nexg Bhd, formerly known as Datasonic Bhd. The moment word on the street had hit a couple of months ago, that people close to MMAG's executive director  Victor Chin Boon Long was taking over Datasonic,  what has the Government response been?


TODATE, the MOF controlled Urusharta have dumped more than 108 million shares of NEXG Bhd in the open market and READ : formerly exited from Nexg as a major shareholder.

IF this doesn't convince you, call the senior stock brokers, the men in the know and ask them whoes group is having sleepless nights due to MARGIN CALL





Friday, 18 April 2025

State of the Nation : When Judges Are Told ...

BEING an individual off having zero experience being in a court of law, physically, I was amused to read, what I have seen on American court drama, being told to juries but never to a panel of seasoned judges.

THAT was until, I read the Edge on the case involving young law maker, Syed Saddiq on charges of corruption by the Deputy Public Prosecutor. 




THE Attorney General's office seems to be ensync with the feelings of this group of voters,  which also happens to be the base that is holding up Najib Razak's popularity.

ARE they about to see one more of their icons behind bars at a time wheh there is so much pent up frustration.

FRUSTRATION when there  are cases such as Tedy Teow Wooi Huat's MBI pyramid scheme,  the Quantum Metal, running into the second year of delayed payment or even the RM64 million warrant conversion saga in Revenue Group Bhd,  had seen no one of sizeable reputation being jailed in Malaysia.

WE can't blame the courts for not jailing them if the cases are never brought to the halls of justice, in the first place.

WHO do we blame then?





Thursday, 17 April 2025

WiseGuy inside The Corporate Mafia : Victor Chin Boon Long

IS Victor Chin Boon Long still running the shots in MMAG Bhd, while the new so called single largest shareholder of the company remains with zero executive powers? READ : Farhash Wafa Salvador has no executive powers in MMAG Bhd


WELL apparently going by the legal books, the one with executive powers on the board of MMAG Bhd is VICTOR CHIN BOON LONG.

YUP,  Victor Chin Boon Long is still the executive director of MMAG, with zero direct shares owned in the company,  and the only person who actually resigned from the board related to Victor Chin Boon Long was his wife.

YOU see Chan Swee Ying, who still owns 107 million MMAG shares, merely resigned VIEW : alternate executive director to Victor Chin Boon Long.

VICTOR Chin Boon Long is firmly in control of MMAG Bhd, whoes share price have been rising despite a 10 to one  share consolidation exercise on the cards.