WiseGuy inside The Corporate Mafia : Is the SC and Bursa Malaysia afraid of Leong Seng Wui?

IT'S  almost been a month since the hanky panky that took place in the audit firm Chengco PLT has hit the headlines,  yet Bursa Malaysia and the SC has done little to bring the executive directors of public listed companies who may have conspired with the auditors to JUSTICE.

AT stake is not merely fraud, market manipulation but the creation of a false market, ENRON style to boost share prices,  create artificial prices in order to push through money raising script exercises.

AT the heart of it is Green Packet Bhd.  Consider the following ;  According to the Edge , READ : Chengco has been in operation since 1993 and has 14 offices across the country. It has 60 AOB-registered audit professionals, more than 200 audit professionals and in excess of 3,000 active clients.

THE problem here is obvious isn't it? Greenpacket's revenue from Malaysia, as the chart above would show you is less than four per cent, meaning 96 per cent of its so called revenue is from overseas, yet Chengco doesn't have a presence outside of Malaysia.

WHY did I say so called revenue? Well because Green Packet Bhd's  latest fourth quarter ended March 31, show that turnover has suddenly sunk by  nearly 300 per cent to RM45.53 million as opposed to RM141 million before.

WHILE for the 12 month ended Mar 31 2025,  turnover slumped to RM458.965 million from RM740.138 million before.

THIS is a VIEW : RM281 million drop, raising concerns that previous Green Packet  audited figures could have been massaged similar to that READ :ENRON in the USA