THE national budget week, undoubtfully is among the best of times, when the chivalry of the one eyed man is king is on display
BUT this is not about, the budget, nor is this about Anwar Ibrahim, the Prime Minister, not wanted by the Malay heartland, but providence gave the nation the Prime Minister they needed.
THIS though is about an institution under the preview of Anwar Ibrahim, in his capacity as the finance minister of Malaysia.
THE institution of concern is the Securities Commission who quietly , charged Choong Lee Aun , the former managing director of AT Systematization Bhd (now known as Erdasan Group Bhd) for causing wrongful loss amounting to RM16.35 million to the company.
THE charges were brought under Section 317A (1) of the Capital Markets and Services Act 2007, states that Choong Lee Aun was accused of authorising payments to two firms, Delta Million Dynamic Sdn Bhd and Midas Mode Sdn Bhd, between June 2020 and November 2021, allegedly with the intent to cause financial loss to AT Systematization. The offences were said to have taken place in Petaling Jaya, Selangor.
THE elephant in the room though is why wasn't Mak Siew Wei, who apparently is missing , charged along with Choong Lee Aun by the SC as there ample provisions under the penal code to charge a person in absentia.
MAK Siew Wei, as alleged in many online forums such as i3investor is a partner of the disgraced market manipulator, and fraudster Kenneth Vun Yun Liun, and rumour has it, a fallout between the duo, resulted in a whistleblower emerging to map out Mak Siew Wei activities.
ERDASAN a company controlled by Kenneth Vun Yun Liun, has gone to the civil courts, demanding Mak Siew W3i return the money and compensate the company .
THE question here is why didn't Erdasan sue Choong Lee Aun, as the RM16.35 million he is being charged in the criminal courts are part of the RM46.47 million.
TO add salt to wound, READ : there is an arrest warrant for Mak Siew Wei on charges of criminal breach of trust by the MACC involving RM39.88 million from the company’s subsidiaries between June 2020 and November 2021
NOTE, Mak Siew Wei is apparently being charged by the MACC and not the SC.
IN the land of the blind, either due to natural causes or vitamin M stimulation, two men are being charged in court for almost the same crime but by different sets of government institutions.
WHY hasn't the SC charge Mak Siew Wai, as norm dictates the SC must have the first bite of the cherry
