COINCIDENCE, or a statement of fact, for after all at his peak, Tedy Teow dominance in Penang was dubbed as READ : Teddy's MPIRE.
WHILE the health and condition of Tedy Teow today is still a question mark, certain aspects of the puzzle, regarding the former fugitive of law, remains ingrained in Corporate Malaysia, namely ; his involvement in the drug trade, allegations thst he was a Penang DAP strong men and the guy has RM177 million stuck in the Malaysian banking system.
READ : The Beijing Hilton Awaits Tedy Teow who has RM177 million stuck in the Malaysian banking system.
COMPANIES Commission Malaysia (SSM) data, list Tedy Teow Wooi Huat and Chiok Kian Chau as directors of MBI Marketing Sdn Bhd.
MEET Chiok Kian Chai, an accountant by training, who took over from the currently detained reported drug baron Ooi Chieng Sim, as chairman of Atta Global Bhd which is currently known as Mayu Global Bhd.
THE Universiti Utara Malaysia graduate, first came to the Malaysian public's attention in 2016, when READ : Chiok Kian Chau was named as one of the directors in the company that was the core promoter of the illegal M Coin.
BASICALLY, Chiok Kian Chau is a known proxy of the Tedy Teow Wooi Huat Group, just like his predecessor at Atta Global/ Mayu Global.
CHIOK Kian Chau has kept warm alleged DAP ties to the Tedy Teow Wooi Huat Group, largely due to his READ : directorship in Consortium Zenith Construction Sdn. Bhd.
A tie up, between the Tedy Teow Wooi Huat Group, which reportedly has links with the DAP and the Chin Boon Long group which has extensive network with a certain Johor MCA member, who aspires to be president of the party someday, was basically cast in stone with the appointment of Billy Goh Soo Wee READ ' as executive director of CSH Alliance Bhd which is now known as Velocity Capital Partner Bhd.
INSIDER information provided to this nexus tie up, following READ : plans by the money lender CSH Network Capital Sdn Bhd to acquire the Labuan Offshore Bank, Oasis Capital Investment Bank Ltd for RM11 million from Green Packet Bhd, have seen possible red flag names being removed as directors of CSH Capital Bhd, although their influence remain.
READ : Billy Goh Soo Wee quits CSH Alliance Director ,But will be heavily involved at the subsidiary level
THE move though, is very unlikely to sway Bank Negara Malaysia from preventing allowing CSH Alliance, also known as Velocity Partners Bhd from being involved in the business of offshore banking.