THAT storm is about to break the camels back and open a flood gate of inquisition against Revenue Group's Leong Seng Wui, and former chairman Eddie Ng Chee Siong in the coming weeks.
THE events of the last few days and weeks, have opened up a can of worms on how broken our market requlators are, either due to incompetence or down right CORRUPTION.
A confession from an American actor living in Malaysia, that READ : he was paid RM800 to act as the head honcho of a foreign entity to sign an agreement with Artroniq Bhd, eventually resulted in MITI minister Tengku Zafrul READ : stating his intentions to lodge a police report.
THE agreement, paved the way for Artroniq to raise some RM36 million via a placement exercise.
WITH both the Corporate Secrets Com and Edisi Siasat now demanding to know READ : why the Attorney General's, office has been silent on the status of the case against the Corporate Mafia., main stream media attention is exoected to zoom in of the fate of the Corporate Mafia.
THE outlook is bleak, from what I gather on the mood coming out from the Prime Minister's Department, which is tilted against the Corporate Mafia
BOTH investigative sites alleged that Victor Chin Boon Long has links with Sophia Chin Wai Lan, who has been charged with READ : 17 counts of money laundering under section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing Act.
SOPHIA Chin Wai Lan , who had attempted to flee to Singapore, READ : is currently out on a RM14 million bail for laundering RM164.5 million, has also been caught with her pants down VIEW :exposing her claims that she is a Tan Sri is blatant lie. By the way, it is also a criminal offence to make such claims.
MONEY laundering, most probably had taken place in Revenue Group Bhd and Green Packet Bhd, during Leong Seng Wui's directorship in those companies. READ ::NEARLY RM70 million washed in Green Packet Bhd and Revenue Group Bhd, via warrant conversions which made no economic sence.
CHIN Boon Long is however, not the only personality linked to the Sophia Chin Wai Lan investment fraud centered on certain assets supposedly in the state of Perlis
JOINING, Chin Boon Long is , fellow ex director of Classita Bhd and NWP Bhd is Noor Azri Noor Azerai.
TWO individuals charged with the FAKE Tan Sri, Sophia Chin Wai Lan, namely , READ : Dexter Ang Jen Chuen and Syaiful Riezal Ahmad are linked to Malaysian Genomics Resource Centre Bhd, an entity controlled by Noor Azri Noor Azerai.
MALAYSIAN Genomics Resources Centre Bhd is READ : according to independent non-executive director Aswath Ramakrishnan, was abused for insider trading schemes by Noor Azri Noor Azerai and Ang Jia Yee, who is the finsncial controller.
IRONICALLY, it is only now, Bursa Malaysia and the Securities Commission have begun probing Eddie Ng Chee Siong, the former chairman of Revenue Group READ : for insider trading.
CHIN Boon Long has strong links to Perlis via READ : Pesona Metro Bhd, but he is not the only corporatre personality, now under a cloud of suspicion.
MONEY may have also flowed into READ : Kejuruteraan Asastera Bhd, following a RM100 million investment agreement in 2022 with Sophia Chin Wai Lan.
KEJURUTERAAN Asastera Bhd's second largest stakeholder is Kington Tong Kum Loong, the managing partner of the legal firm Kington Tan Dzul.
ALSO of interest is the role of Khairy Jamaluddin, as during his reign as health minister, Hong Seng Consolidated Bhd, Malaysian Genomics Resource Centre Bhd, and KANGER Bhd READ : the bamboo company, featured prominently in health ministry COVID related contracts.
HOW does KANGER fit into this equation? Well the major stakeholder of NWP Bhd, in which Noor Azri Noor Azerai was a director NWP Bhd which is now known as Auro Holdings Bhd Tan Lik Houe VIEW : the Tea Live Founder, also has an interest in KANGER Bhd