CLOSURE, from the unfortunate incident that snared : MITI Minister Tengku Zafrul as well as Artroniq in an allegedly scam MOU that would go on to raise some RM50 million for the company.
WITH Liaw Way Gian's departure almost the entire board of Artroniq has been replaced while the incident is said to be still being investigated by the Royal Malaysian Police. READ : Artroniq Deputy Chairman and three other directors quit the company on August 2024.
THAT, Artroniq Bhd which is said to have the backing of a son of a powerful Sarawakian politician with enough clout to bring down the Federal Government, wasn't enough fire power for the same faces to be the public face of the company is REFRESHING.
WHICH brings us to the question, what or who exactly is behind the black hand protecting Revenue Group Bhd being put under the SAME microscope for more than RM46 million that flowed into Revenue Group Bhd.
THE transaction has all the hallmarks of money laundering, because seemingly minority shareholders converted more than 62.59 million warrants, paying 75 sen per warrant to convert them into mother shares.
THE mothers shares, were at that point of time trading at nearly a 300 per cent discount from the 75 sen paid by unknown minority shareholders to Revenue Group Bhd.
BANK Negara Malaysia, the Securities Commission and Bursa Malaysia's silence is deafening as well as shamelessly DISGUSTING.
