KENNY Khow Chuan Wah may have officially quit due to so called carrier advancement prospects, but hid future, doesn't look too bright at all due to three factors.
THE Finance Ministry under Anwar Ibrahim has killed off Greenpacket Bhd name from the READ : Multi Lane Free Flow nationwide toll project despite being a pioneer in the sector, instead the entire nationwide project has been given to Francis Yeoh's YTL conglomerate.
THE reason for this is largely due to the on going probe on the Corporate Mafia, specifically on two deal involving Kenny Khow Chuan Wah.
ONE of those deal, took place during the Covid 19 pandemic, at a time when Khairy Jamaluddin was still a Federal Minister.
BUT before that, meet READ : Russell Walter Boyd, formerly of Creador and Navis Capital who now moonlighting as an advisor to Singapore's Vantage Capital Partners as well as being the new CEO of Sarawak Cable Bhd
BASED on Russell Walter Boyd's qualifications, one can assume that the 39 year old, is competent enough to do financial projections.
TWO years ago, Russell Walter Boyd's made news when he inked a deal to sell his 51 per cent of his company Pow Pocket Sdn Bhd, to Hong Seng Consolidated Bhd for RM200 million. Present at the signing ceremony was Pow Pocket Sdn Bhd senior advisor Kuhan Arunasalam.
XIFU, the investment site in report noted that Hong Seng shares had moved from the 40 sen a share level to peak at RM3.47 by November 2021.
THE problem with the RM200 million valuation was a RM5000 odd ringgit loss making company , meaning effectively it had no business.
NOW if the story had just ended there, suspicion that something sinister was going on, might still be debatable.
WHICH brings us to reason number three. READ : Kenny Khow Chuan Wah, who acted on P. Kuhan Arunasalam's instruction giving a government official a five million ringgit bung on behalf of Aspire Knowledge Sdn Bhd.
NOW why would Kenny Khow Chuan Wah the then CFO of Hong Seng Consolidated Bhd act on the instructions of P Kuhan, when Aspire Knowledge is 80 per cent owned by a 100 per cent subsidiary of Hong Seng Consolidated?
DOESN'T make sense right?
AND to top it all off, the Government official bribed or allegedly bribed is none other than READ : MOHAMAD Madani was not only, one of many point men for the Corporate Mafia under the two previous regimes, he also has documented dealings with Allan Goh Hwan Hua, who controls MyAirline .
