WiseGuy inside The Corporate Mafia : Birds of a feather

THEY tend to stick together, never mind that the stocks linked to the Corporate Mafia such as Revenue Group Bhd are being roasted to a historical low of seven sen a share.

IN what can only be described as a power play of the highest degree, at a time when the MADANI administration under Anwar Ibrahim is under pressure from all corners, Farhash Wafa Salvador Rizal Mubarak's MMAG Bhd has done the UNTHINKABLE. 

MMAG has signed an agreement with VIEW : Mpire Global Bhd, a company very much linked to fraudster Tedy Teow Wooi Huat.

DETAILS of the memorandum of understanding is immaterial, but rather the spirit of such as agreement,  and how the public will view it, is bound to cause damage to the Prime Minister.

DO  note that currently there is an on going active investigation , with China helping Malaysia dismantle Tedy Teow's billion dollar empire of scam.

IF you want to know how Mpire Global is linked to Tedy Teow, read the following.

1. SNC now known as Mpire inks RM1.8bil property deal with businessman Tedy Teow

2.Mayapada Capital the major shareholder of Mpire Global has long standing dealings with Tedy Teow

WiseGuy inside The Corporate Mafia :The Ballad of Green Packet

HUMANS, lie, deceive and speak half truths but numbers, have a confirmed ticket to heaven, because they do not lie.

NUMBERS only state the equations that determines the mood at ground zero, with a damning accuracy.

AT ground zero, the numbers that has been forced out from Green Packet Bhd, have very worrying and telling tale, that all is not well, especially for its former executive director, Francis Leong Seng Wui, and  his submissive minnion Teh Chee Hoe.

AS early as October 2023, I had opined, that it was READ : extremely weird for Green Packet, would appoint Cheng & Co as its auditor, considering less than RM25 million of Green Packet's revenue of RM750 million comes from Malaysia.

CHENG & Co  doesn't have the size outside Malaysia to audit a RM720 million a year business. 

EVEN the, I put my worth where my mouth is by stating eventhough  there were many red flags in Hong Seng Consolidated Bhd,  it was Green Packet Bhd, which is going to bring the curtains down for Leong Seng Wui.

REGARDLESS, of the excuses given by Green Packet on its latest quarter  results, at a time  when the investigations on Cheng Co, although not made public yet,  the dye had been cast.

THERE is NUCLEAR weapon of mass destruction about to rip, the Green Packet, overseas business, which amazingly was achieved with  almost zero office presence out side of Malaysia.

BELIEVE it, because numbers don't lie. Green Packet Bhd's number state for the fourth quarter ended March 31, revenue dropped by nearly 300 per cent to RM45.53 million as opposed to RM141 million before.

YOU can VIEW : the suddenly not much business in Green Packet Bhd, which raises the all important question ; in the first place, was there any ?. 

A ruse that touches close to the heart of false markets and laundering of narco cash from HELL.

WiseGuy inside The Corporate Mafia : MMAG Bhd's Wash Traders and Bear Raiders

WASH traders are a specific group, individual or i entities that engage in deceptive or manipulative practices to influence market prices for their own benefit. 

THESE individuals engage in self-trades to create the appearance of high trading volume and activity, often to manipulate prices or create a false impression of market interest. 

THEY are often lend a helping hand by bear raiders, either an individual or a legion of deceptors, who drive down the price of a security by selling large quantities, often to profit from short positions or create panic selling. 

ON March 24, 2025,  these rogue elements were on fully display, READ : tanking the MMAG Bhd shares by as much as 22.4 per cent.

SMALL time investors, got more than their fingers burnt, by the events of the day, which nearly erased MMAG year to date gain of 25 per cent.

A day latter, on March 26, 2025,  via a direct business transaction Farhash Wafa Salvador Rizal Mubarak  acquired 462 million shares or 20 per cent of MMAG Bhd for 40 sen a share or RM184.8 million, via a loan from kredit komuniti entity, Velocity Capital Bhd.

The shares were purchased at a 65 per cent discount. The question, Malaysia should be asking is, who pressed down the shares, and were they privy to information, the rest of us, were unaware off?

OR did the tanking of MMAG Bhd shares, took place, merely to facilitate the off shore market trade on the 26th of March.

THE  Securities Commission  and Bursa Malaysia's silence is beyond deafening. The silence is VIBRATING.

WiseGuy inside The Corporate Mafia : All Eyes on The Market Requlators.

THE suspension of the audit firm  Chengco, definitely raises possibilities of a much darker false market scheme in play.

PREVIOUSLY,  as early as August 2023, READ :I had warned that the different valuation of Innov8tif, had become contentious and an outright false market red flag, in view of Chengco being the auditor of many of the companies involved including GreenPacket Bhd and Revenue Group Bhd .

THE big question here is why is it Bursa Malaysia  had on Dec 14 2024, begun to insist READ : Revenue Group Bhd must hold and EGM if it wishes to sell its 49per cent stake in Innov8tif to NexG Bhd.

UNDER the current listing rules there was no need for an AGM to be held, as the directors had the required mandate to do so.

ONE train of thought was that for some strange reason Bursa Malaysia was helping Teh Chee Hoe from going to jail for manipulation dan failing to make the required declarations.

NOTE at the time Revenue Group Bhd  was buying Innov8tif from Hong Seng Consolodated , READ : Teh Chee Hoe failed to disclose to shareholders of Revenue Group Bhd, that he was deeply in debt to Hong Seng Consolidated, to the extent his entire block of shares in Revenue Group were registered under Hong Seng's name.

ON hindsight,  there could be another reason why Bursa Malaysia had wanted the minority shareholders to vote on the deal for Revenue Group  to sell Innov8tif to NexG Bhd.

THE reason being  ;all roads lead to creation of a false market and the role played by Chengco. 

 

The Securities Commission, has gone cuckoo

THE Edge, I fear have got their narratives wrong that READ : Chengco in the spotlight, following its forced resignation from as many as 35 public listed companies on Bursa Malaysia.

FORCED to resign,  after being  suspended for a two-year period by the Securities Commission Malaysia’s Audit Oversight Board (AOB).The AOB among others alleged “serious audit quality issues” with Chengco’s work.

THE spotlight should be on the Securities Commission instead of Chengco, as the SC has gone figuratively insane by stating "it is the primarily the responsibility of the board of directors and management of the public interest entities to ensure that their financial statements are accurate, reliable and presented fairly in accordance with applicable accounting standards".

OBVIOUSLY  the people employed at the Edge looks to be much more competent to investigate oversights than the people at the Securities Commission .

THE Edge had rightfully pointed out "almost all the 35 companies from which Chengco resigned from recently are not doing well financially. They appear to have a penchant for large cash calls, raising funds via private placements and rights issues, and employee share option schemes (ESOS), among others.

Some of these companies seem prone to changing their financial year end, and may do so again now that their auditors have been reprimanded and unable to continue to audit them."

WITHOUT spelling it out, the theme is crystal clear ; FALSE MARKET, that is where the direction of investigation should be heading to, instead of just flogging the auditors for their second two year suspension in SIX YEARS.

ASKING the directors of the companies to be gate keepers is like truly believing that hard core robbers have very high ethical standards.

FALSE market is a situation where there is material misinformation or materially incomplete information in the market that impedes the accurate pricing of a company's financials, or even its share price.

THIS is not an act, where accountants and illegally operating market makers, get a slap on the wrist with a two year suspension or a million ringgit fine.

FALSE market is criminal offense, which comes with a long jail term as well as the fear of not to pick up the soap if it falls during shower time...

THIRTY FIVE public listed companies, is equal to 3.5 per cent of the listed companies on Bursa Malaysia and things get a bit darker when you look a little bit closer.

THEY are mostly linked to Victor Chin Boon Long and Kenneth Vun Yun Liun. Coincidence? 

I think not, not by a mile and a half. Recall, back in August 8 2023, I had warned by ropping in Chengco into Revenue Group Bhd, the stage was being built READ : for the creation of a false market, that will overshadow Revenue Group in the days to come.

OR how suddenly Greenpacket Bhd, that supposedly earns more than 90 per cent of its revenue, booked at RM740 million in 2024 overseas, has seen sales spiralling downwards at speed equal to that of an inflated balloon, popped by a naughty needle. 

State of the Nation : In Silence, We have Spoken.

WE, here means the average flawed Malaysian. Flawed, we are, as we are racial but not bigots, the average Malaysisn is not a complex being.

BUT, we do know that when we stand together, we can cut giants to size, install believe in average skilled players that will beat the World.  

LOOK  back to May 16, 1992, on how  Malaysia regained the Thomas Cup.

NOTICE, between us, we have a lot of differences,  biasness, and even  racist tendencies but it doesn't take muc for us to unite under the FLAG.

MCMC under a dead wood called Fahmi Fadzil instead of helping Anwar Ibrahim find a way back into the hearts and minds of the average Peninsular Malays,  have been busy making sure the gap the Prime Minister has to close, widens by the day.

MCMC using tax payers money to shut down READ : Edisi Siasat, which had put fear of the Almighty and the fear of being  publicly exposed and humiliated among bribe takers  in Malaysia, creates a perception that the Madani Government has something to hide.

IT adds more perception based  pressure on  the government, at a time, when such heat is very unecessary. 

BUT, I am sure , Anwar Ibrahim would have reminisce some time with that was what I could do in my hayday, with no pressure publicity, but us  Malaysians in silence, speaking clearer and louder than any words could.

THE Prime Minister must have surely been impressed with Edisi Siasat, with no pre planned  PR push, not even a paid for advertisement but in silence, READ :in a matter of mere hours, that to on a working day, 100,000 Malaysians register as members of Edisi Siasat 2 0, which MCMC took down latter in the day.

THESE are rock star numbers, and beyond the numbers a secret message ; You can take them down, but you could not take the PRIDE, the average Malaysian in silence had given Edisi Siasat @ Telegram 

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Abdul Farid Alias, Chairman of Bursa Malaysia, wake up lah

NO doubt, the chairmanship of Bursa Malaysia is a non executive one, but we have seen previous non executive chairman of the exchange having their say, and doing it things their way.

THIS one though,  is a safe pair of hands, who was for donkey years a non executive director of the exchange..

FOR a guy whi earned more thab RM10 million a year in salary in 2017, you can bet that this chap won't rock anyones boat.

WHEN the fish head starts to rot away, you bet it will stink worst then fowl lower down the ground .

ANYONE know why the candidate to be delisted from Bursa Malaysia,  running  into the arms of the Guidance Note 3 list,  for companies on the verge of seeing their financials into distress, Asdion Bhd, no longer has a VIEW :functioning website?

CHAPTER 9 , of Bursa Malaysia's main market listing requirement states, a listed issuer must have its own website and publish specific information there, including all announcements made to Bursa Malaysia 

WAKEY wakey Abdul Farid Alias. Once you are up, make sure to tell  the people the SC and Bursa Malaysia are paying money too,  namely to the minority shareholders watch dog group, not to doze off on  June 26th 2025.

THEY should head to the Advancd Synergy Bhd , annual general meeting and have a public chat with the company's managing director, Lee Su Nie .

ASk Su Nie 🤣🤣🤣, how come READ : she is paying her self 700 per cent more than the industry average, while shareholders have seen earning per share of the company over a 36 month period fall by just under a quarter.