WiseGuy inside The Corporate Mafia ; The No Shame Game

IN the  “no shame” game, the winner is simply, the best under table, money giver, even when the unethical acts are blatant enough to challenge everything mankind knows about the law of probability. 

PROBABILITY is simply how likely something is to happen. Whenever we're unsure about the outcome of an event, we can talk about the probabilities of certain outcomes—how likely they are. The analysis of events governed by probability is called statistics.

SO,  now Malaysia tell me, what is the possibility of one man, who ie not a merchant banker or representing a merchant bank involved in either the sale or purchase of a single un listed company for five times running?

THE sale price of the said company over the five transactions, all involving public listed companies has seen the value of the unlisted company rise by as much 220 per cent from RM17 million to RM40 million.

AND  the unlisted company  todate had never earned a single sen which  it cab book as profits nor could  any of the listed company which purchased the unlisted company equity account  the unlisted company into their Consolidated accounts, because they only bought a 51 per cent stake.

MEET Leong Seng Wui, and Innov8tif Holdings, and the blinded financial requlators of Malaysia.

READ :The sorry tale of Innov8tif and five public listed companies, all said to be linked to Victor Chin Boon Long.

READ: Suruhanjaya Sekuriti juga perlu menyiasat bagaimana syarikat Innov8tif Holdings bertukar tangan 5 kali dan dinaikkan harga (Mark up) daripada RM17.5 juta hingga RM40 juta oleh Lembaga Pengarah yang sama Leng Seng Wui budak suruhan Victor Chin Boon Long.

WHY bind , all the financial requlators together, when it's obvious here that the parties that have allowed this to go through are some very rich people at the Securities Commission and Bursa Malaysia?.

THE answer is simple actually, because Leong Seng Wui has a more blatantly jailable offence; swept under the carpet by  some equally rich people at Bank Negara Malaysia.

BANK Negara Malaysia,  care to explain to Malaysians what is AMLA, also known as the  Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, which is a Malaysian law that governs the country's anti-money laundering and anti-terrorism financing regime.

IF Bank Negara Malaysia  has the testicle to explain to Malaysians in a single piece of paper  what is AMLA and why READ : RM55 million going into Revenue Group Bhd via a warrant conversion going at a rate of a 300 per cent premium over the mother shares trading price is not a violation of the AMLA ACT, we can rest easy that the very rich people at Bursa Malaysia, The Securities Commission and Bank Negara Malaysia  are not CORRUPT.

State of the Nation : Subconscious Malaysia

SUBCONSCIOUS  basically points to the part of the mind of which one is not fully aware but which influences one's actions and feelings.

SO  what is the general feeling of the vocal subconscious Malaysian and web based news portals want for Malaysia.

THE honest truth is they are crying out for a leader or leadership that is authoritarian, manipulative and unethical.

PLEASE don't take my word for it. Go read, how Anwar Ibrahim is being fried like a well done KFC because for Musa Aman's appointment as Sabah Governor, and Rosmah Mansor being set free by the courts.

NOW consider the following , READ :The Sabah constitution states there shall be a Head of State for Sabah, to be called the Yang di-Pertua Negeri, who shall be appointed by the Yang di-Pertuan Agong acting in his discretion but after consultation with the Chief Minister.

APPARENTLY, for sub conscious Malaysia, Anwar acting within his scope under the Federal Constitution  is NOT GOOD ENOUGH.

IN the words of the Prime Minister this are the following actions he had taken on the matter . READ ; Tried to get the Sabah CM to submit more names, whicb the CM agreed and then didn't follow through. Advice the king to consider other options.

IF the Prime Minister had done anything beyond this, he would have crossed a red line, but thankdulky the had opted to play by the rule of law.

FɓOR abiding by the rule of law, Anwar Ibrahim is being cursed by' the vocal minority  running on X, Telegram as  well as those masquerading as web news portals.

INSTEAD of merely throwing shit at Anwar Ibrahim, the vocal minority should perhaps enlighten Malaysians what more could Anwar Ibrahim do without stepping into the dictatorship zone.

LIKEWISE why go for the PM's  neck because a judge opened that Rosmah Mansor is an innocent women?

WHY  give the judge a free pass and harres the Prime Minister?  The logical to the question is they want the PM to interfere in the judiciary so that who they select and identify as guilt will be dealt with, and it won't be by justice or even law and order.

SOMEWHERE  between all this, what is apparent and stand out tall is that Subconscious Malaysia has forgotten that the road to hell is paved with GOOD INTENTIONS. 

Where is the leadership of the Securities Commission?

IF you are an investor invested in South Malaysia Industries Bhd, what should you do with regards to the planned special shareholders meeting being organised by Velocity Capital Sdn Bhd.

MEANWHILE,  READ : SMI Bhd has denounced as misleading the EGM notice put up by Velocity Capital.

 

THE questions that should be on everyone's mind is why is the Securities Commission  allowing this uncertainty to brew, when by right it should be advising investors if they should attend the Velocity Capital advertised AGM for the benefit of Leong Seng Wui.

WHY is the merchant bank involved in this corporate exercise not doing the advertising on behalf of  Leong Seng Wui and friends?

WHY is it instead, the money lenders,that too a money lender only licensed by the housing ministry doing the advertising?

IS this because, Velocity Capital is the registered shareholder of the stakes supposedly being held by Leong Seng Wui?

IF this is indeed the case, then the SC best  start opening up a case against Leong Seng Wui and Teh Chee Hoe of Revenue Group Bhd.

WHY a case against the duo. Well do recall, back in Jan 20 2023, when Leong Seng Wui  was the executive director of Green Packet Bhd, the company  sold READ : Xendity Sdn Bhd to Innov8tif Holdings Sdn Bhd for a RM10.8 million discount.

THE final sale price of Xendity Sdn Bhd was RM17.5 million, and in what must definitely be a world record in integrating two different companies into one,  51 per cent of the combined Xendity and Innov8tif  entities was sold off to Hong Seng Consolidated bhd  READ : just 10 days latter for RM30.5 million.

SOME 94 days latter, both former Green Packet Bhd directors, Leong Seng Wui and Teh Chee Hoe  now in the form of Revenue Group Bhd pays a steep premium  in valuation of Xendity and Innov8tif READ : by dishing off RM36 million to take the company of the hands off Hong Seng.

THE worst part to this entire deal was, all during these time, the registered shareholder of Teh Chee Hoe's shares were none other than Hong Seng Consolidated. 

ISN'T  this a conflict of interest?  Was any announcement specifically to the purchase of Innov8tif by Revenue Group from Hong Seng , mention the fact that the shares supposedly owned by Teh Chee Hoe, the executive director of Revenue Group was actually registered under Hong Seng Consolidated?

THE answer is a hell NO ...so why has the SC not stand up and shown any form of leadership?

WiseGuy inside The Corporate Mafia ; SMI Bhd shareholders, be careful what you wish for

FOR once, Leong Seng Wui who was almost certified a bankrupt after his IT related  business went bust, only to be saved by Victor Chin Boon Long doesn't seem to be out of place.

AFTER all, READ : South Malaysia Industries Bhd owns and operates 2,230 car park bays in Kelana Square and 1,227 car park bays in Zenith Corporate park in Kelana Jaya, a business in which, Leong Seng Wui should be very familiar with because Victor Chin Boon Long had the foresight to place him to manage the parking bays at Federal Hotel.

FORESIGHT or not, a year before Leong Seng Wui`s name was ever mentioned in relations to SMI Bhd, READ :a nostradamus in the KL Screener forum had rightfully figured out, the Corporate Mafia's bad intentions for SMI Bhd.

BUT apparently, the nostradamus  failed to inform the Corporate Mafia, that the current management  READ : would pull off a stunt like never before, forcing Velocity Capital who again lend money to Leong Seng Wui to acquire shares in SMI to rush into a privatisation exercise. 

THAT, being said this is the second time in succession, the Corporate Mafia has got more than it's finger burnt, with the first being in Revenue Group Bhd.

THE losses in Revenue Group Bhd, was much more than money because the hostile takeover eventually cut of the oxygen  supply  that the Corporate Mafia had used their preceived links to law enforcement to get their way.

NO longer being weaponised the Corporate Mafia it seems have invested money with a  weekly business related magazine as well as cyber troopers to roam forums such as those in i3investor and KL Screener  to sway investor opinion.

NOT saying that the current management are saintly but atleast, they have kept SMI shares at a respectable 40 sen a share.

INVESTORS thinking about trusting the Angel they do not know to replace the devil, they already know, should check out the share price of Green Packet Bhd, Hong Seng Consolidated Bhd and Revenue Group Bhd as well as the strange money laundering like warrant conversions in these companies.

WHY these companies, well because the very soiled Leong Seng Wui name are directly linked to them.

WiseGuy inside The Corporate Mafia ; The Home Minister of Malaysia

SAIFUDDIN Nasution  Ismail, Malaysia's Home Minister obviously has ambitions to unseat Rafizi Ramli, as Parti Keadilan's deputy president.

PRIOR to a few weeks ago, the only negativity standing in the way, of the most powerful Minister after the Prime Minister, was that the 61 year old Saifuddin Nasution is not an elected by the people, member of the Dewan Rakyat.

THAT though has changed for the worst, with the ministry's READ : RM81 million one year contract extension.

AT this point, it is still yet to be confirmed if what had happened while the contract extension was being deliberated and then  awarded, hasn't been a well soiled plan by the Corporate Mafia to embarrassing the minister.

WHAT happened was the appointment of  READ : Puvanesan Subenthiran, first as non executive director and his rapid fire promotion as Executive Director.

PUVANESAN Subenthiran is also the managing director of the now infamous Privasia Bhd READ: which received a RM1.2 billion 5G related contract one day after Parliament was dissolved.

APART from having no experience in a 5G project of such magnitude, the other red flag was Priasia's partner Apex Communications Sdn Bhd,  whose bread and butter is actually providing laboratory equipment to local schools.

THE contract never did see the day of light thanks to Prime Minister Anwar Ibrahim, who has been at the forefront of cleaning up the Government.

NOBODY from the Communication Ministry has been charged in court for attempting to give Privasia a RM1.2 billion free lunch.

BUT now, here we have a very embarrassing situation for the Prime Minister Anwar Ibrahim, because his home ministry is now doing business with Datasonic, in which the very controversial Puvanesan Subenthiran  is the executive director.

IN anyway, we choose to see it, Puvanesan Subenthiran is either a witness or even a friendly party to a group of yet to be charged people, who sought to hoodwink Malaysia to the tune of RM1.2 billion.

WiseGuy inside The Corporate Mafia ; Quantum Metal's Lim Khong Soon, hounded like a sick mongrel.

MERELY days before Quantum Metal, faces1 the Malaysian Federal Government  in  an open public court, minority shareholders  of Besra Gold seems to have struck a very deadly blow.

A forcefull enough blow to send Lim Khong x̌Soon reeling, in what looks to be in all honesty a recipe for disaster in 2025.

LIM Khong Soon,  despite being the major stakeholder of BESRA Gold was on the line of ďfire , as nervous stakeholders concerns grew on Lim Khong

LiM Khong Eng had quit as chairman of Besra Gold  and now has the indignity of being demoted to non executive director.