I won't elaborate on what happened in February, involving senior members of the Corporate Mafia, who no longer have clout to offer protection and patronage to ethnic Chinese businesses.
EVEN before the incident around the Melaka/Johor area, the Corporate Mafia, no longer enjoys good will from the market requlators.
IN December 2023, READ : Bursa Malaysia demanded Revenue Group appoint a monitoring accountant if it wants the exchange to approve Revenue Group's proposed RM50 million private placement exercise.
APPOINTING a monitoring accountant, means hiring and paying for an independent audit firm to vet and review all the monies received from the proposed private placement and how every sen is spend by Revenue Group.
THE monitoring accountant is not your external auditor, but a separate third party accounting firm which REVENUE GROUP must hire and pay for BUT the monitoring accountant REPORTS directly to BURSA Malaysia.
THE latest crack in the Corporate Mafia's arrived today, when the READ : government decided to terminate the services of Malaysian visa application agencies that handle visa applications for Bangladeshi migrant workers..
EFFECTIVELY, it's lights out for Amin Abdul Nor's Bestinet Sdn Bhd. In 2018, the first Pakatan Harapan Government READ : suspended the only system used to hire Bangladeshi workers after allegations surfaced that a Bangladeshi businessman with prestigious ‘Datuk Seri’ title had used it to make RM2 billion by smuggling his countrymen.
THE Muhyiddin Yassin adminstration gave lifeline to Amin Bangla's business interest. Chin Boon Long and Amin have been partners for well over two decades now.
THE end is nigh for the Corporate Mafia, as one more blow is expected to hit them soon, this MONTH.
