Monday, 31 March 2025

State Of The Nation : Hell After Raya ?

NO, I am not alluding to those unfortunate enough to stuck in the expected massive rush back to Kuala Lumpur traffic jam, after the Raya holidays.

AND yes, I was expecting a hellish storm heading towards Malaysia, though I never had expected it to be heading towards us so soon.

I had expected that storm which will trouble the Malaysian economy to actually be made in Indonesia, where Prabowo Subianto's management of the economy is expected to beef up the #GelapIndonesia movement.

ALLREADY with the Rupiah free falling way beyond the 1998 level, I gather  demonstrations could implode the South East Asian nation in about 2 months time 

BUT as fate would have it, Donald Trump's announcement tomorrow could sink the Ringgit and crush the stock market now rather thsnggʻgʻgʻ

Friday, 28 March 2025

State of the Nation : The Madani Economy : Empowering the People, Caught With its Pants Down.

ON 27th July 2023, Prime Minister and Finance Minister Anwar Ibrahim launched the “Madani Economy: Empowering the People” economic framework. 

THE main focuses of the framework is to ensure that the enlarged wealth is benefitted equitably by the Rakyat.


THE events that had taken place late this week, especially by his Minister and those perceived to be close to him such as Farhash Wafa Salvador, has placed the Prime Minister in a no win situation.  

I said perceived , because Anwar Ibrahim  is nobody's fool and considering what happened to the man when he was the Deputy Prime Minister of Malaysia, and in the manner he fell from grace, I highly doubt the Prime Minister would place his eggs in anyone's basket, with the exception of his children.

CONSIDERING, the Prime Minister hasn't placed a single egg in any of his children or their spouse basket, let's not assume too much about any sinister hands in READ :Farhash Wafa Salvador buying a 20 per cent stake in MMAG and becoming the non executive chairman of the company

THAT being, there are many sinister question marks in this deal, but first we should be asking DAP's Nga Kor Ming, who happens to be the housing minister how come a group of companies linked to Victor Chin Boon Long and Leong Seng Wui, who have the credit community licence,  seems to be lending and borrowing among themselves to buy shares in the stock market.

AS A Minister in the MADANI Government,  I am sure, the whole of Malaysia, will want to hear from Nga Kor Ming, how is this Empowering the Rakyat?

AS for Farhash Wafa Salvador, those who are saying that he is Daim Zainuddin 2.0, should stop faltering themselves and Farhash Wafa Salvador with such a comparison. 

THE late Daim Zainuddin  had enough brain power not to buy shares using share financing facilities offered by Kredit Komuniti entities, where the interest on such financing is between 100 per cent and 150 per cent more than that of a commercial bank.


CONSIDER the following,  days before Farhash Wafa Salvador appeared as the court jester in MMAG, Velocity Capital had READ: had acquired 6.5 per cent of MMAG for RM60 million from Victor Chin Boon Long's wife with a first right of refusal to buy her remaining shares.

OBVIOUSLY,  Velocity  said NO to Victor Chin Boon Long's wife wheh she wanted to sell more of her shares in MMAG, which is how Farhash Wafa Salvador came into the picture.

WHY is it then Farhash Wafa Salvador looks, smells and feels  like bonafide and certified  court jester in this whole deal?

WELL the devil is in the detail ain't it?  Here is a man who has spend supposedly more than RM100 million to acquire the stake and his position is that of a non executive,  meaning he has no say in the running of MMAG.

TO add salt to the injury, the shares are not even registered VIEW : under Farhash Wafa Salvador's name but the registered owner of the shares is Velocity Capital.

FROM the outside all I can say is those who are attempting to make Farhash Wafa Salvador look like the right hand man of Anwar Ibrahim, must be  surely taking delight to portray the Prime Minister as a rookie dumb ass.






Thursday, 27 March 2025

WiseGuy inside The Corporate Mafia : EIght Years, Two Investigation, One Name.,

THIS is the second time in eight years,  the authorities are probing if scam money related to Tedy Teow Wooi Huat's businesses had seeped into the stock market.

THE first investigation was conclusive that money from Tedy Teow Wooi Huat and other scam merchants had indeed slipped into the market,  with ONE NAME sticking out: KENNETH VUN YUN LIUN.

MEET Kenneth Vun Yun Liun, said to be among the biggest market manipulators on Bursa Malaysia, who apparently is attempting to reinvent himself in Corporate Malaysia, that comes along with full reconstruction of his face and Samy Vellu like hair do, boosted with a fake toupee. 🤣🤣🤣🤣


WHILE Kenneth Vun Yun Liun  might be convinced that he is on the road to rewrite his story, I am told otherwise, but I will not elaborate on the matter until the shit hits  Kenneth Vun Yun Liun's  fake face.

NOW back to the first investigation on the possibility that some of Tedy Teow Wooi Huat's  hard scamed money had gone into the stock market, was nor related to MBI.

THE investigation was on another of Tedy Teow Wooi Huat's scam, which took place sometime in 2009, that siaw Tedy Teow Wooi Huat spending just one day in jail, event hough investors lost by the millions. 

REINTRODUCING, Syarikat Island Red Cafe Franchise Sdn Bhd. READ : Flash Back 2011, Tedy Teow goes to jail for a scheme that started in 2008.

SUBSEQUENTLY,  in 2017, theEdge broke the story on investigations taking place to determine if the scammed money from Syarikat Island Red Cafe's vast millions had ended up in the stock market .



YOU don't have to be Albert Einstein to figure out, whoes name is going to be sticking out like a sore thumb when the second investigation is completed, plus who has been over the years, been raising money for a TOKONG in Penang, who is very high up in DAP for the past two decades.

YUP,  the dudu head who underwent plastic surgery to look young although sources say the all important little brother , which we all keep zipped up, is no longer in functioning condition. 










Wednesday, 26 March 2025

WiseGuy inside The Corporate Mafia : Toxic & Potent, the search for ......

ONLY in Malaysia, you can be named JHO LOW2, when you are literally ten times more bigger, potent and toxic than your namesake.


WELCOME to the world of Zhang Yufa, whoes 
 even Beijing described as “extraordinary”, having scammed some two million of China's citizen of USD14 billion , which in ringgit terms today is valued at RM59.92 billion. 

IN comparison, the 1MDB scandal, has been  valued at RM40 billion, to be borne by the tax payers of Malaysia.

Zhang Yufa,  has another two names, familiar with Malaysians, namely Jho Low 2 and the one and only Tedy Teow Wooi Huat of the infamous MBI READ : with the edge report stating victims had been hoodwinked more than RM300 billion, which is nearly ten times larger than the 1mdb scandal.


THE Edge's article yesterday, READ :That a special team has been asking questions to trail Tedy's billions, is refreshing and timely.


THAT being said, those at the centre of investigation are no ordinary joes, and unlike Najib Razak, they are vicious to the core, toxic and certainly extremely POTENT.





Monday, 24 March 2025

WiseGuy inside The Corporate Mafia : The Muhyiddin Yassin Group has exited Datasonic (NexG)

THANKS to the INCRIDBLE ,  Mohd Khairul Adib Abd Rahman, the former director general of  Public Service (KPPA), the Muhyiddin Yassin faction has exited Datasonic,  now known as NexG Bhd.


COINED it as the Muhyiddin Yassin faction, ad am UNSURE if the shares officially under Safian Mohd Yunus , a known runner for Fakhri Yassin was being fronted for blood relatives of the former Premier or being held in trust for the benefit of BERSATU.

THE official story line is the incredible , Mohd Khairul Adib Abd Rahman who retired from the civil service  on Jan 2022, only to be appointed chairman of MMAG Bhd  READ :less than three weeks latter bought out READ: Safian Mohd Yunus stake in NexG by taking control of Safian's vehicle, Kuantum Juang Sdn Bhd.

MOHD Khairul Adib Abd Rahman is known as the incredible due to the manner in which READ :he suddenly owned 43 million Classita Bhd shares, making him richer by RM6.3 million.

NOW the backend story line is,  Mohd Adib Abd Rahman is a mere body or tool being used by Victor Chin Boon Long.

MOHD Khairul Adib Abd Rahman is being used a soiled pawn,  in order to masquerade  the reality that Datasonic, a once powerful Malay owned company, is on the receiving end of a WAYANG KULIT, courtesy of the Corporate Mafia.



Sunday, 23 March 2025

WiseGuy inside The Corporate Mafia : Men With Muck Rakes.

MEN with the muckrake are often indispensable to the well-being of society, but only if they know when to stop raking the muck, and to look upward to the celestial crown above them.


GONE as in gone with the wind, without a care in the world,  alongside a lack of moral fortitude to stage the obvious.

CONSIDER the following, Revenue Group, had previously hulked up Innov8tiv's  prospects , to monfh only to walk back off it and dump Innov8tiv'.

YET the board of directors  in Revenue  Group  had this to say about Teh Chee Hoe and Leong Seng Wui are capable of turning Revenue Group  into a money lender.

ONE assumes, Bursa Malaysia's silence as  a thumbs up to the opinion of the directors of Revenue Group.

SHOCKINGLY, no one seems alarmed that Leong Seng Wui wants minorities to fork out close to RM100 million, when it's horribly clear that Leong Seng Wui is as competent as a just passed away jungle animal 

ALARMBELLS should be ringing that the other money lender company controlled by Leong Seng  Wui, specifically  Hong Seng Consolidated is pointing towards an incompetent executive director. 





.,

Saturday, 22 March 2025

Kenneth Vun Yun Lun, somebody's watching you.

FOR the second time in less than 30 months , a market maker close to disgraced XOX managing director Kenneth Vun Yun Liun,  has made it to the MACC wanted list.

THE latest on the list is the suddenly missing in action Mak Siew Wei, which upon suspension of his board membership in Erdasan Group Bhd formerly known as AT Systematization Bhd, last week, has been unreachable.



A day before Mak Siew Wei was given the boot, Kenneth Vun Yun Liun's fixer, Chong Loong Men, a lawyer by training was appointed to the board of VIEW: the company, indicating, that once again Kenneth Vun Yun Liun has had a fallout with a partner in market making

BACK in 2023, Justin Lim Hwa Tat, who was brought into Sersol Bhd by Kenneth Vun Yun Liun, but subsequently had a fallout with thin, pail and frail Kenneth Vun Yun Liun READ: had his position in the company terminated after going AWOL, after being placed on the MACC wanted list.

LAST , Kenneth Vun Yun Liun,  had a very public humiliation, that was hugely embarrassing after the authorities raided his office in Plaza Lien Hoe .

APPARENTLY, those betrayed by Kenneth Vun Yun Liun,  have started to talk, while those with skill sets have mapped our his activities, hence Kenneth Vun Yun Liun's entry in XOX, won't redeem his soiled name,  but instead looks likely to BURY him.





Friday, 21 March 2025

State of the Nation : METH bust in Port Klang, the Prime Minister must strike back.

ANWAR Ibrahim, is stuck between a hard place and a rock, as the latest RM1 billon meth bust in Port Klang, raises questions if the customs department takes the Prime Minister seriously. 



ON would have assumed heads would have rolled, officials charged,  assets seized and butt's kicked into Kajang prison.

INSTEAD,  the Prime Minister, who demanded for the report, has egg over his face, with the latest bust, under a covet operation known as Operation Tiger-Milang.

A special task force between Australian police and the Royal Malaysian Police to combat  the illicit drug trade, netted READ : Malaysia’s biggest drug bust: RM1.06b meth from Iran set for Australia seized in Port Klang .


KUDOS to the men in blue, but the same cannot be said of the customs department, but what do we expect, when the Federal agency has the gall to tell the nation READ :instead of being charged in court, Six Customs officers allegedly involved in KLIA vape smuggling syndicate has been merely been transferred.

MALAYSIANS are definitely  interested to know if the Prime Minister demand a fresh report from the customs or take the bull by its horns???



Thursday, 20 March 2025

Whatever happened to Malaysia's second 5G Network?

2025 seems cemented to be yet another uneventful year for Fahmi Fadzil,  officially the chief government spokesman, lacking in foresight, grit and ability to swing mass Malay support to the Madani Government.


DEEMED READ : colossal failure, for the third year running, Fahmi Fadzil and his MCMC chairman Mohamad Salim Fateh Din, should explain to the nation, what has become of the country's second 5G network????

THE award itself, to U Mobile, had caused Malaysia undue EMBARRASSMENT, when it was unearthed  that READ : at the time of the award, Mohamad Salim Fateh Din's MRCB was in a business venture with U Mobile's Vincent Tan.

MOVING away from the embarrassment, the question one should be asking is whatever happened to the February 2025 deadline READ: to provide the official letter of award for U Mobile to kick start it's 5G ambition.






Wednesday, 19 March 2025

WiseGuy inside The Corporate Mafia : David Nga Kor Ming

DAVID Nga Kor Ming, the newly minted deputy chairman of the Democratic Action Party (D.A.P),  had just come through a party election, which READ : ex party members say was prevalent with vote buying or money politics .

WAS David Nga Kor Ming, part of this new evil in what used to be Lim Kit Siang's DAP, is something, we may never know, until the DAP loses power at the Federal level.

 BUT what we do know for sure as FACTUAL is that under David Nga  Kor Ming's lordship over the housing ministry,  a group identified by mainstream publications, as the CORPORATE MAFIA, suddenly wants to turn the companies they control in Bursa Malaysia into serious money lenders.


MMAG's proposal comes just after Leong Seng Wui, the man with more than 20 police reports to his name for intimidating people, saw his READ : Revenue Group Bhd, inform the stock exchange that they intend to make money lending their core business,a plan even the Edge has doubts if it serves the best interest of minority shareholders.

VELOCITY Capital  Partners  Bhd, itself a money lender  has now 's READ : purchased 150 million shares in MMAG from Victor Chin Boon Long's wife, in what  seems to be the start of the creation of a forced monopoly in the Kredit Komuniti  business.

THE minister can't act blind to this fact that the Victor Chin Boon Long, Leong Seng Wui and Fam Chee Way group, seems to have a chokehold of the industry and a tendency to lend money among themselves.








State of the Nation : Can one women change the verdict ?

SYED saddiq the once extremely  popular politician, who then slumped into being the punching bag of READ : Papa Gomo, before slowly but surely slipping into oblivion.

SUCH was the fall of Syed Saddiq, that not much of whisper was made, when the man, who many said would be PRIME MINISTER,  in the distant future, when most of us would be dead and long gone READ: became the first politician to be sentenced in Malaysia with a whipping.


AND then came Bella Astillah, a mildly popular singer cum actress, who overcame a very public divorce in early to 2024 into Syed Saddiq's world.

A romance that have ignited the hearts and minds of the  Malay populace unseen in the history of modern Malay politics. 

WITH slogans such as VIEW :Berani kerana Bella, semoga nasib YBSS terbela, Anwar Ibrahim might have just stumbled upon the key that may reopen the hearts and minds of the hardcore younger Malay populace who had supported Perikatan Nasional thus far to his MADANI Government.

THERE is no doubt that Bella Astillah has made the  YBSS brand name into a very sellable political tool.

HENCE where it ends up, either on the door steps of Kajang prison or with wedding bells ringing in a hall in Muar, will definitely shape how the B40 Malays view the Prime Minister.
 



Sunday, 16 March 2025

Bank Negara Malaysia's silence is deafening!!!

BANK Negara Malaysia's silence is deafening  on a recent outlandish proposal by Quantum Metal, to those who believed they were buying gold from the company.

QUANTUM Metal after READ : after numerous times promising and pledging to return monies invested by the public has now come up with a new proposal.



BASICALLY,  this means in retrospect,  Quantum Metal has taken deposits with a promise of a lucrative return without a deposit taking license from Bank Negara Malaysia .

YET the silence of Bank Negara Malaysia is not only PATHETIC,  but DEAFENING!!!

Thursday, 13 March 2025

All the Prime Minister's Men in the line of fire.

ON February 23, this year I had exposed on how Victor Chin Boon Long and his boys such as Leong Seng Wui seems to have been pumped with  steroids during the years, Ismail Sabri's shot stint as Prime Minister.


NOW READ: Thick As A Brick @Blogspot, meticulously  links Ismail Sabri  to some potentially massive  induces missteps regarding Serba Dinamik Bhd.


DOES the Ismail Sabri geedy gravg train stop here on the door steps of Serba Dinamik Bhd 

HELL NO it expands to  even Quantum Metal, as both Quantum Metal and Serba Dinamik have the same Buy Muslim First  pointmen.

MEET Mohd Fadzil Hashim,  who claims he is a coach of  some sort, that won't be able to justify even to his own base on why   BMF  had thrown it's brand influence for the benefit of the neither Malay nor Islam  owned Quantum Metal
.


Wednesday, 12 March 2025

WiseGuy inside The Corporate Mafia : JUSTICE.

IF a law is unjust, we are morally obligated not to succum to such a law, but if a law is IMPOTENT.

COMMON sense, would dictate that we should then empower the said law to the extent it no longer is seen as being impotent in the eyes of the public.

IN Malaysia, we had seen those desperate enough for money, their own money READ : being dragged to court by the EPF, and then punished by the law.

YET tweaking facts or even giving an imaginary made up story to the Securities Commision to raise money owned by other people, it seems to be A okay in the eyes of the law.

CAN the Securities Commision and Bursa Malaysia enlighten the Malaysian public how many hundreds of millions of RINGGIT has Leong Seng Wui in the drivers seat, raised from the "PUBLIC"  via private placement and rights issue over the past 15 years?

AND how many of these companies have remained profitable for two quarters running ?

WHERE does the line stop to sympathise with a man as being unfortunate, having a string  of bad luck, or even condemn him as being grossly incompetent, and where does the line start where we start investigating the man for being a FRAUDSTER?

TALKING about investigation, Malaysians should be asking themselves if Nga Kor Ming  is morally fit to be our housing minister in charge of approving money lending license.

HOW many police reports, must the Housing Minister see on Leong Seng Wui, before he realises that giving such a license to Revenue Group Bhd, which is controlled by Leong Seng Wui is a step backwards for Anwar Ibrahim's  Madani framework.

WE cannot hide from the innocent until proven guilty concept here, considering the numerous reports made by directors of public listed companies against Leong Seng Wui.

TO be fair to Leong Seng Wui and to the Public at large, the ideal outcome would be to either charge in court, the numerous directors who have lodged police reports against Leong Seng Wui for making a false report.

EITHER that or arrest LEONG SENG WUI.




Saturday, 8 March 2025

State of the Nation : Crime Story

NO this is not a piece of the Corporate Mafia, or even a piece on corruption as a carrer path, which has been READrocking Indonesia's elite with a since of shame for some and disbelief for others.

THIS is about the super rich , walking away without even a slap on the wrist for cheating on their taxes for decades .

AND how our politicians, that rule the roost for decades, had known about it and did nothing for Malaysia .

MAT Sabu , the current minister of agriculture and food security, this week READinformed parliament that mixing of imported and local rice have been going on for decades.



LAST, I checked evading TAX is a crime, criminal in nature, yet none of our member of parliament found it urgent to demand that the income tax department get CRACKING.

Tuesday, 4 March 2025

WiseGuy inside The Corporate Mafia : Money Too Tight To Mention As The Ismail Sabri Crack Down Goes Full Steam.

OVER the past 31 months, Victor Chin Boon Long's wife have walked away with a cool gross intake RM120 million, thanks to the companies in which the increasingly reclusive businessmen seemingly has control off.

BASICALLY , this translates to RM3.87 million a month, every month for the past 31 months. 



THE real story though is not in the easy pass Ms Chan Swee Ying seems to receive, in her equity purchase activities on Bursa Malaysia.

RATHER,  the devil is in the detail, as something is rotten seems to brewing  in the state of Denmark. 

A closer look at the transaction  involving Velocity Capital Partners Bhd and Ms Chan Swee Ying reveals that VIEW : the 150 million MMAG shares sold by Ms Chan Swee Ying to Velocity Capital were actually shares pledged to Kenanga Investment Bank.

WAS this a foretelling exercise, or are there sudden financial troubles in Victor Chin Boon Long's heaven or worst still as some suspect that the VIEW : theboys of summer at Kenanga that the crack down on Ismail Sabri is too close for comfort. READ : Malaysia''s Corporate Mafia, was unstoppable during Ismail Sabri's wonder years.


Sunday, 2 March 2025

WiseGuy inside The Corporate Mafia : Investigate Bursa Malaysia and the Securities Commission.

WITHOUT fear or favour, the Malaysian anti corruption agency has to launch an independent no holds barred review on the level of corruption  taking place in these two regulatory bodies. 


TAKE for instance the recent shareholders vote at Revenue Group Bhd, where neither the SC nor Bursa Malaysia had thought it to be reasonsanable  to bar Teh Chee Hoe and Leong Seng Wui , the two executive directors in the company from casting their votes. VIEW: Revenue Group Bhd statement on the vote to sell Innov8tiv to Datasonic Bhd 

THE duo each owning around five per cent of the company had accounted for 87.36 per cent of the YES votes to allow Revenue Group  to sell Innov8tif Solutions  to Datasonic Bhd.

THIS  87.36 per cent, represented approximately 60.701 million shares, where by approximately 68.894 million shares had been involved in the entire voting exercise .

SO if you strike off the shares owned by Teh Chee Hoe and Leong Seng , from Revenue Group's paid up Capital base of 605 million shares, you will come up with a grand total of 544.429 million shares .

BASICALLY  the 8.08 million shares not owned by  the duo, divided by 544.429 million shares,  translates to only 1.48 per cent of the minority shareholders actually participating in the voting exercise.

WHERE did the 98.5 per cent of the other shareholders go to? Can the will  of 1.48 per cent of minority  shareholders speak against the silent majority?

AS to why Teh Chee Hoe should not only have been barred from voting but also be charge in a criminal court..  just go READ :why teh chee hoe must be charged for a jailable offence






Saturday, 1 March 2025

State of the Nation : We can't blame this one on the Donald Trump show.

DONALD Trump  and his deputy JD Vance, regardless of the politics in play, showed the world how bad  people, will treat the weak in their time of need.


THAT being the case, we can't use the fear that  Donald Trump will not only destroy the financial markers but may eventually via his actions push the world to a life changing war to rationalise why Nestlé Malaysia Bhd' profits have been set a back by 15 years.

SURE, we can latch on Johari Ghani's  Free Malaysia Today's  article intended to indirect add pressure on Anwar Ibrahim's  Prime Ministership by NAIVELY  accepting that READ :Nestle's profit plunge reflects Malaysians’ cost-of-living crisis.

OR, we can accept the truth that poking our noses into affairs  of others  is core reason why NESTLE's after tax profits  had fallen to level unseen in 15 years  to VIEW : RM41 million for the year ended Dec 31 2024.

WITHOUT  mentioning  the word boycott, Nestlé Malaysia tells its story in a two letter word;  CONSUMER HESITANCY. 

HESITANT because of the bitter prescription melted of  a foreign led organisation  in Kuala Lumpur known as Boycott, Divestment, Sanctions grouo or better known as BDS Malaysia. 

IF and when the layoffs comes knocking on the front door, now you know who is really to be blamed and shamed