Friday 9 February 2024

Apa lagi Nga Kor Ming Mahu?

THERE is a reason why the Malay/Muslim community are very suspicious of Nga Kor Ming and his motives for Malaysia.

LEAD activist at Persatuan Pengguna Islam Malaysia VIEW : lashes out at Nga Kor Ming as bodoh, while even some Chinese Muslims are now openly stating VIEW : Nga Kor Ming is not to be trusted as he CAKAP tak serupa bikin.

FOR UMNO Nga Kor Ming, one of the richest Members of Parliament's recent proposals as a federal minister VIEW : could have long term sinister implications and should be rejected out right

INDEED some of the recent approvals by the Ministry of Housing and Local Government helmed by Nga Kor Ming should be seen as a set back to Prime Minister Anwar Ibrahim's Government of good governance.

DON'T take my word on the actions of Francis Leong Seng Wui, you can cross check the articles below on his behaviour.

ALL this intimidation had come on the back of MACC actions, resulting in Leong Seng Wui suddenly appearing as executive director in those companies.

IN the case of Classita , MACC dropped the case eventually.

DO note, that Leong Seng Wui very conveniently also emerged as the  controlling stakeholder in Green Packet Bhd from founder Puan Chan Cheong READ : after Green Packet Bhd became a MACC target of investigation

FOR Anwar Ibrahim, Nga Kor Ming's actions especially with regards to his closeness to Leong Seng Wui's Revenue Group, is yet another hot potato the Prime Minister.

IT is the Prime Minister who will have to face with the Malay community on why no action has been taken against Leong Seng Wui, an ethnic Chinese, at a time when Malay businessmen such as  Daim Zainuddin and Mirzan Mahathir are seen to be victimised.

IF those details are not enough to make Anwar Ibrahim's supporters in Putrajaya to monitor  Nga Kor Ming a bit more closer, how about the following.

WHEREVER, Francis Leong Seng Wui goes, there seems to be a trend for an as yet to be identified investor or group of investors to convert warrants into mother shares in a manner that suggest possible money laundering activities.

FOR example, during Francis Leong Seng Wui's tenure as the executive director of GREEN PACKET Bhd, the following transactions took place.

SINCE one warrant is converted into one mother share, basically the the 15 million warrants converted equals to 15 million Green Packet mother shares.

THE money required to convert the warrants into the mother share amounted to RM6 million . At that time Green Packet mother shares were valued at 0.05 Sen a share. SO basically for RM6 million , one could have purchased 120 million Green Packet mother shares from the open market.

THE same thing happened the moment Francis Leong Seng Wui was appointed as executive director of Revenue Group.

FROM April 2023, until Jan 2 2024, RM64 million was pumped into Revenue Group by converting the one for one warrants at 75 Sen perconversion into a single mother share.

SINCE, the conversions done does not make any economic sence and the quantum runs into millions of Ringgit, one can only assume that money laundering had taken place.

THE question those of us who want Anwar Ibrahim to continue to lead this country, should rightfully be, is why does Nga Kor Ming's name keep popping up when the conversation should rightfully be on LEONG SENG WUI ?