RAFIZI Ramli says VIEW : are often saddled with cost overruns, followed by either unfair to consumer extension of the concession or downright government bailouts
IN Malaysia, off late the private funded investment scope has been a real favourite with companies that bleed red ink, or those whoes leaders at the board level have very valid question marks over them.
IN Green Packet Bhd's case, not only did the company on a full year basis lost RM19.21 million for the period ended 31 March 2023, its key people in the board seems to have issues with courtesy, morality and a blatant disregard to law and orderm
FRANCIS Leong Seng Wui, had numerous police report lodged against him for using mob like tactics, while accountant Kenny Khow Chuan Wah, according to media reports is bribe giver, having induced a government servant with RM5 million.
GREEN Packet, as we know, READ : Green Packet testing Multi Lane Free Flow (MLFF) tolling system Proof of Concept (POC) on Malaysian highways, with hope of dominating the market
CONSIDERING, that Green Packet and its board leaders clearly have a hard time of truly embracing the Environmental, Social and Governance (ESG) spirit, the Government, has little choice but to make Green Packet Bhd PERSONA NON GRATA.
IT does not stop with Green Packet, as the nation was shocked that a consortium READ: SM Track Bhd was looking to raise funds and finance 5G and fibre optics-related projects.
NOT only is SM Track worth two sen in the open market, its partners in the venture , Techna-X Bhd and MQ Technology Bhd , are more famous for appearing in the Edge's special report on share manipulation than any of their supposed business ventures.
