State of the Nation ; In Anwar Ibrahim's Madani

A  wind of disconnect  has been silently sweeping into Anwar Ibrahim's MADANI, which has promised the masses a prosperous Malaysia with a soul that is respectful, trustworthy and compassion.

CRIES by the masses directly to the Government however has fallen unto empty laps and ears that are deaf.

THE Prime Minister, should get his staff to understand the comments coming out from investments forums such as i3investor and KL Screener from the public for action to be taken against the Corporate Mafia and its superstitious henchman Leong Seng  Wui.

ITS not yet a tsunami, but it's heading in that direction, as some investors are fed up why apart from talk not , the likes of Kenneth Vun Yun Liun and Leong Seng Wui haven't been caged in a prison cell.

I am unsure if the Prime Minister's inner circle is aware, that key figures in UMNO Youth have been silently and diligently monitoring  what's been taking place in another Corporate Mafia offshoot ; Quantum Metal. 

WHEN they decide to go public, the outcome will be embarrassing to the Prime Minister and his deputy Prime Minister from Perak.

WHAT is being cooked, has actually very little to do with Anwar Ibrahim or Zahid Hamidi, but has a lot to do with whom Tengku Zafrul keeps company with as well as yet another red flag on Fahmi Fadzil's non performing role as information Minister.

MATRADE, hosting Quantum Metal on governance has been  manipulated without a rebuttal VIEW : that the government is working with Quantum Metal, a company which haven't return even the principal to depository for ten months running.

THAT hasn't stopped nor faced any challenges from Fahmi Fadzil's ministry that READ: Quantum Metal to go global with MATRADE

TO make matters worst, and dent the Prime Minister Madani framework, ACO Gold a  firm controlled by the Government is to be in bed with Quantum Metal.

ACO Gold leads directly to Abdul Fattah Abdullah,  the deputy permanent chair of  UMN0.

WiseGuy inside The Corporate Mafia : Who is on trail in the Revenue Group Bhd court case?

CAMOUFLAGE, is the use of any combination of materials, coloration, or illumination for concealment, either by making animals or objects hard to see or even dissappear from the scene.

CAMOUFLAGE, things are never quite the way they seem, when they is too much and so much at stake.

IF it was merely isolated to Revenue Group Bhd,  one can give Bursa Malaysia, the Securities Commission  and Bank Negara Malaysia the benefit of the doubt.

UNFORTUNATELY,   this is not the case. Consider the following; READ : South Malaysia Industries Berhad minority shareholders begging Bursa Malaysia to give them clarity on privatisation plan.

BURSA is muted. The person involved in the SMI confusing on and off privatisation is Francis Leong Seng Wui.

BANK Negara Malaysia fines READ :Agro bank more than RM600,000 on AMLA violations.

BUT where is the fine for Francis Leong Seng Wui's Revenue Group Bhd? READ : RM64 million which went into Revenue Group Bhd, via warrant conversions that made no economic sence, but why is Bank Negara Silent.

CLEARLY  market requlators are seen to be giving Francis Leong S1peng Wui preferences and a huge benefit of the doubt...which brings us to the question.

HOW come the MACC has not arrested and charged Francis Leong Seng Wui..when it has charged two people for registration of one Vellfire

MMAG Bhd, Whoes Your Daddy, buddy?

I told you so, many times  repeatedly  that MMAG Bhd, supposedly a saviour of Sri Lanka's rat infested airline, couldn't save itself even if it's life depended on it.

CAREFULLY  READ : MMAG, can't save it's own bottomline, even if it's life depended on it, suffering a net income loss of RM111 million for the quarter ended March 2024, while net margin is on the negative side.

I also told you, READ : MMAG's Sri Lanka Airline's take over bid, is an extension of Russell Walter Boyd's Sri Lankan Wet Dream.

NEVERMIND what I said, but here is what MMAG Bhd's auditor Messrs Grant Thornton Malaysia PLT has to say.

THE auditors said MMAG's shareholders’ equity on a consolidated basis is 50 per cent or less of its issued share capital calculated based on the unaudited financial results of the Company as at 30 June 2024.

BASICALLY,   the auditors are concern that MMAG will be able to operate as a growing concern, which means the supposed saviour of Sri Lanka Airlines will need saving as a GN3 Company, with the artificial CONVERSIONS of MMAG WARRANTS into mother shares this year being it's only saving grace since the business itself has nothing to show.

THE MMAG announcement  can be read by clicking HERE

WiseGuy inside The Corporate Mafia : Who is on trail in the Revenue Group Bhd court case?

WHILE the MACC had played a leading and contentious role leading towards the downfall of the Revenue Brothers, which made up of two thirds of the company's founding fathers.

CREDIT must be given, where it's due, as no one involved in the entire process, and the Corporate struggle, can deny that the MACC chief Azam Baki had gone out of his way, where possible to ensure that justice  must not only be done, it must be seen to be done.

IT is the actions or rather in actions of the  other regulatory bodies and managers, that paints a picture of unseen hands protecting the parties said to be aligned to Victor Chin Boon Long.

BUT before that let's examine the board of Revenue Group Bhd at that point of time, whoes actions should be held accountable  in a court of law.

WAS it a mere coincidence or was it an act deeply rooted with bad intentions which led the board to take action against the Revenue Brothers VIEW : where the brothers voted AGAINST electing the very same directors who would turn against them a few days latter.

THE  Brothers had also voted against a planned VIEW :bonus issue, which surprisingly saw CIMB acting for a high end client snapping up Revenue Group Bhd shares weeks before that.

ONCE the bonus shares were in the pocket, one would assume the silent buyers of the shares at CIMB and KN Kenanga would have brought their cost down by as much as 50 per cent, setting the stage for a press down on Revenue Group Bhd shares.

WHAT they required was an orderly press down and not a free for all. An orderly press down could only take place, in the event the brothers had decided to go meekly.

I won't say much as this point but one of then directors has been caught with his pants down. 

AND when those details with proof finally is tabled in court, many of the former and existing directors will be looking at JAIL TIME.

Ps more latter on the requlators...

WiseGuy inside The Corporate Mafia : Birthday Boy, Who is on trail in the Revenue Group Bhd court case ?

HAPPY Birthday, MACC and congratulations to Azam Baki, the MACC chief, who has worked tirelessly  to save Malaysia from an e payment crisis.

FOR those of you, who do not know how Azam Baki saved Malaysia from an e payment crisis that could have easily spilled over into a banking crisis. READ :The case related to the Revenue Group Bhd, it had to be done without anyone knowing, and if need be deny it, as the MACC boss had to secure Malaysia's economic interest first.

MALAYSIA's anti corruption  agency is 57 years old today, but based on the data provided by the agency itself, one can easily identify the Achilles' heel of the agency ; it's prosecution team.

A friend observed yesterday, that in the days when Abdul Gani Patail was the Attorney General, the crown wouldn't prosecute  if it did not have a 70 per cent chance of winning the case.

CONSIDER the following ; READ : The MACC opened 2,123 investigation papers on civil servants. In total, 2,046 people were arrested, 1,036 were charged and 464 civil servants were convicted.

BASICALLY  this gives you a successful prosecution rate  of only 44.78 pet cent or a failure rate of 55.21 per cent .

HOW many lives were ruined because the investigative team and the prosecution team were not air tight in their work?, the numbers above speaks volumes for itself.

BECAUSE the Revenue Group  brothers trail is on, the focus had again gone back to the statement by  READ : MACC senior director Hishamuddin Hashim as confirming the Revenue Brothers were detained after giving their statements at the MACC headquarters on Jan 25.

THE said detention, prevented the brothers from attending a make or break board meeting the following day. Was this all a coincidence?

WE may never know, but what we do know is a day before the MACC birthday, one more high profile public listed company's case just like the Classita Bhd case ended  up with nothing . READ :RGB says MACC probe into company, MD is 'completed and resolved'