IF you are unfamiliar with the POTA abbreviation, well it stands for The Prevention of Terrorism Act 2015, which in its current form (as of 4 June 2015), consists of 5 Parts containing 35 sections and 1 schedule.
BASICALLY, the act enables the Malaysian authorities to detain terror suspects without trial for a period of two years.
LIKE Nurul Izzah correctly argued corruption and economic sabotage of the people's livelihood too are acts of terrorism.
APART from the POTA ACT, we also have the POCA ACT, READ : The Prevention of Crime Act (POCA) , aimed at preventing and combating organised crime and terrorism by providing the police with enhanced powers and authority to apprehend, detain, and restrict the movements of individuals suspected of criminal activities.
WHY, I am bringing up this matter now is because the SECURITIES COMMISSION looks like a pass master is washing off its hands to the troubles of the common man.
CONSIDER the following, the Securities Commission had not acted publicly against Quantum Metal despite the company READ : Section 43(3) of the Companies Act 2016.Section 43(3) of the Companies Act 2016 provides that a company would not violate the default rule that prohibits private companies from offering shares or debentures to the public but this is only restricted to a maximum of 50 members.
BECAUSE of the inaction of the Securities Commission, guess what Quantum Metal has done now? VIEW : READ the comment section of the video clip, Quantum Metal is proposing that those who want to withdraw cash from the company opt instead of owing shares in the firms American based parent
HELLO, Securities Commission, how long are you going to keep silent. It's bad enough, that because of your silence, inspite of more than READ : RM64 million going into Leong Seng Wui's Revenue Group, the company today has a money lending license courtesy of NGA KOR MING's Housing Ministry