Tuesday, 23 January 2024

Why did Eddie Ng Chee Siong Destroy RM1 billion ?

THAT must indeed be the question hanging on the minds of the court reporters at the Revenue Brothers  hearing in court today.


ON hindsight, the Revenue Brothers should have just pleaded in the begining,  that all these was JUST an oversight, CONSIDERING READ : BURSA Malaysia is all forgiving even when YNH had a RM150 million oversight.

WAS there elements of corruption involved, involving the people inside the Securities Commission, Bursa Malaysia and the Minority Shareholders Watchdog Group, resulting in none of them stepping in to see justice done in Revenue Group?

THAT is a question for Commercial Crime Unit and the MACC to pursue in the coming weeks, especially since Eddie Ng Chee Siong, the so called corporate governance pillar in this case involving a car won at a lucky draw had acted in a very suspicious manner.


AS for the RM1 billion, Eddie Ng Chee Siong destroyed, in  can be seen from the drop in the company's share price.

THIS,  before the Eddie Ng Chee Siong /Corporate Mafia drama, was a RM2.31 a share stock, or one with more than RM1.2 billion in market capitalisation.

TODAY, Revenue Group shares trade at less than 20 Sen a share ,for a market cap of RM108 million. 

MINORITY shareholders should consider taking Eddie Ng Chee Siong, the Securities Commission, Bursa Malaysia and the Minority Shareholders  Watchdog Group to COURT to recover their losses