THE Malaysian equity market, under the unable guidance of Wahid Omar and Umar Swift, I gather doesn't have a doom's day clock.
LIKE wise, I assume that the people at Bank Negara Malaysia, are too preoccupied protecting their former bosses interest, instead of hauling them to court, doesn't have a doom's day clock.
BECAUSE if they did, then the law would have taken care of people like Kamari Zaman Juhari, the former director at Victor Chin Boon Long's Vortex Bhd, who had deliberately mis used Bank Negara Malaysia's name to give B40 citizens a false sense of security in trusting Quantum Metal.
I have said it so many times the READ : Malaysian stock market is just one article away from either The South China Morning Post or the Singapore Business Times, from being tanked and shamed.
I believe, we will soon be getting to temporary doom's day scenario over here, if the Police doesn't step in and put a step to all the madness created by the Corporate Mafia.
IS it a coincidence that one of the owner and director of Metaco Asset Holdings Sdn Bhd, Chan Chau Loong READ : has a long standing business relationship with the Victor Chin Boon Long Group.
METACO and it's partners including Seow Gim Shen back in January, emerged with a 53.27 per cent stake in Rexit Bhd.
SEOW Gim Shen, and the 42 per cent owner of METACO Kong Chien Hoi, READ : were sentenced to jail in a Singaporean court for participating in a conspiracy to illegally obtain data for Mainland China mobsters.
AND oh, Seow Gim Shen also happens to have a stake in the Nasdaq listed Titan Pharmaceutical, where READ Firdauz Edmin Mokthar serves as a director. if you must know, Firdauz is the former Senior Vice President, Special Projects, of Group CEO Office, at Serba Dinamik Holdings Berhad
COMING to the Corporate Mafia, at which point will Anwar Ibrahim decide that it's more than a coincidence, which apparently now looks more like a pattern that READ : more than RM50 million had been pumped into Revenue Group Bhd via a warrant conversion of 75 sen, some 300 per cent more than what the mother share price was trading.
LIKEWISE, it must be a co incidence too that when READ : Ooi Chieng Sim was remanded by police under the Dangerous Drug Act, it was the good fellows at Hong Seng Consolidated Bhd, who initially stepped in to stabilise the drug lord's listed entity
COINCIDENCE has a three strikes and you become a pattern rule. We are way past the three strikes rule, if consider the trouble Quantum Metal has in opening a simple bank account in Australia.