WiseGuy inside The Corporate Mafia : Revenue Group Bhd, All Roads has led to HELL

QUESTION, are the executive directors of Revenue Group Bhd,  intellectually, morally and ethically capable of making decisions  which benefits the company?

 

IF  the answer is NO,  then the Securities Commission and Bursa Malaysia should NOT allow the executive directors to drag the company into hell, via a script issue exercise.

SUCH an exercise,  would dramatically  fire up Revenue Group into NOSH (Number of Outstanding Shares) hell ;  The NOSH for the mothee = 3,025,484,705 , while the baby or warrants swell past a billion to = 1,210,193,882 

CONSIDER , the following,  the executive directors, SPECIFICALLY  Francis Leong Seng Wui, and Teh Chee Hoe,  have been dragging Revenue Group  into the abyss.

THE ill fated purchase of READ:Innov8tif and it's subse. 57quent disposal to Nex G Bhd cðdxertainly puts the duo in the INCOMPETENT list  .

CASH call have been called  to even pay salaries, but some how , Revenue Group  never seem to get out of woods .

HELL, the duo , couldn't even choose a decent accountant. Wait for the announcement, Revenue Group in search of  new auditors,  after the SC pulled the PLUG OFF!!!!

Kenneth Vun Yun Liun, taunts the Securities Commission.

MARKET manipulator Kenneth Vun Yun Liun, today admits that he has a past, and he will not shy away from it.

SO what?  Is Kenneth Vun Yun Liun  now prepared to reveal his role  iREAD : in the hidden hands that manipulated penny stocks ?

OR, is he only admitting  to his moral deficiencies,  questionable ethics, and dishonesty that led the Securities Commission convinced that he is a market manipulator?

KENNETH Vun Yun Liun, naming his dishonesty as a journey, shouldn't shock anyone too much,  because that is what manipulators do.

WiseGuy inside The Corporate Mafia : A Coincidence?????

300 days ago,  I told you so ...there the mathematical knot is at work with regards to The Corporate Mafia,  Tedy Teow Wooi Huat 's Mobility Beyond Imagination (MBI) and the international narco trade.

LAW enforcement  should have another READ : Muhammad Sanusi Md Nor's Boys Form Kedah, which details specifically on hidden Mafia Group's thirst for airports, airlines, warehouse and sea ports.

TELL me NOW , Malaysia is it a coincidence  that READ : that the three Tan Sri's detained, two are involved with airports.

MEET the  Tan Sri  named Tan Kean Soon's T7 Global Bhd  works on the baggage handling system (BHS) project at the Kuala Lumpur International Airport (KLIA).

TYCOON  Khor Eng Chuen ,  meanwhile  is the central figure in the plans to build an airport Kedah.

THERE is another 2 players  in the equation, mostly on the stock market and financing side, name the Corporate Mafia and KENNETH Yun Vun Liun. 

WHY KENNETH VUN YUN LIUN ....go find out, who trained Kenneth Vun  Yun Liun  and see if the words gets back to you, that it is the group that cleans dirty MONEY.

State of the Nation :Silence Is Vibrating

SILENCE  vibrates, and the more it vibrates, people start to talk without speaking, giving you the look, that you know that they know....

KUDOS to the MACC for issuing a statement READ : denying allegations that one of its senior officers pressured Datin Seri Pamela Ling Yueh to resolve her divorce issues with her husband during an investigation.

THE MACC, added the said officer has made a Police report on the matter.

YET the silence is deafening,  when one reads, Pamela Ling Yueh's plea to the court that READ : the true purpose of my arrest, remand and subsequent travel restriction was to put pressure on me to resolve my claims on matrimonial assets and other matters with Hah.

THE deafening silence, turns darker when the Corporate Secrets.Com in 2023  names the same ethnic Chinese officer from the MACC now infamous Sector D unit READ : as being under the payroll of Victor Chin Boon Long.

YET again, the MACC defended the officer and he subsequently  made a Police report.

THE silence vibrates,  when in 2022 , Free Malaysia Today's report that : business men reports threats and RM1.7 million cash transfer demand.

THE businessmen's name is Chan Choon Lai and those who know him, should ask him directly, who was doing the asking...

GUESS what ...if you are a betting man, don't even bet a single sen that it is not the same agent provocator. 

AND yet again the office made a Police Report, his third in just four years involving so many people.

SILENCE no longer deafens.  It VIBRATES, without even a single word UTTERED. 

WiseGuy inside The Corporate Mafia : There are levels to this disrespect.

WHO the hell  does PAS, Nurul Izzah and Rafizi Ramli think they are? 

ON second second  thoughts, it really doesn't matter  who they are, who they think they shall be or has become..

THE  bottom line is  an either or an or. ..a small mind with  below average understanding  of the Federal  Constitution, or  a very rude group of Malaysians.

By  slagging lagging Azam Baki, they are showing utter disrespect  to his majesty  the  Kinh of Malaysia.

WiseGuy inside The Corporate Mafia : Narco, Central America, I told you so.

SOME 569 days ago,  I had already established that there is a drug transhipment   ring in Malaysia for the export market, which hails from Central America.

TWO days ago, the New Straits Times had reported READ : drugs coming from Central America to Malaysia as something out of the ordinary 

BY Central America, I specifically mean MEXICO and a smaller extent Colombia.

WHO are the mainstay players in this mega narco business, in bed with military like equipped organised crime groups, hailing from Central America.?

SPECIFICALLY,   conclusions  pointed to a major flaw in how,  both mainstream and off stream media had defined THE CORPORATE MAFIA .

READ :  LOOKING back, it seems the Corporate Mafia is much more than an extortion gang, a safer bet, could well, right in the front of our sights a NARCO group has PENETRATED the MAINSTREAM.

WHICH is why, the Government must continue to probe how close to RM60 million was washed in Revenue Group Bhd.

SUPPOSEDLY,   minority shareholders converted Revenue Group warrants by paying 75 sen premium per warrant at a time, when the mother shares were trading at less than 25 sen a piece .

WHO can this this type of losses, and why would they want to suffer such losses, if it was not to cleanse dirty money?

BURSA Malaysia, SC, Bank Negara Malaysia, don't be shy lah, either respond to the question to charge the Revenue Group Bhd boars for conspiring to launder money.

State of the Nation : The Challenger To The Far Right Has Arrived.

THE challenger to the far right has arrived, strikingly un noticed to a world, bordering  in between either ignorant or forgetful of its history.

ALL the more shocking, on the ignorance of the arrival of the challenger is that 36 years ago it had torn off the Soviet inspired Marxist Iron curtain in Eastern Europe, without firing a single shot. 

READ : Despite having no armies under his command and no weapons to deploy, Pope John Paul II, the first Eastern European papal, crushed the Soviet Union's iron curtain .

IT is by no accident that the Vatican's new top guy, Pope Leo XIV, READ : is the direct opposite of Donald Trump and his side kick, Elon Musk.

THE most celebrated MAGA Catholics are Steve Bannon, Trump’s former chief strategist, and Vice President J.D. Vance, with 58 per cent of Catholics having voted for Trump in November.

THE US is the fourth largest Catholic nation in the World, with some 20 per cent of its adult population, consider themselves practising Catholics. 

THE right and far right movements across the World has been on an uptrend across the globe, virtually unchallenged in dominance for nearly a decade now.

DONALD Trump, reclaiming  the US presidency was supposed  to give the movement across the world  the finest steroids to feed on, until the Vatican decided to hand an unknown American cardinal, the papalship.

EVEN in Malaysia, those promoting hatred along ethnicity, suddenly are seeing their hatred filled strategy blowing up on their own face.

TAKE for instance PAPAGOMO, to VIEW ;stir trouble between Malays and Indians, seems to have backfired,  following reports that READ :60 per cent of Malaysian Indians want Najib Razak to be freed, as opposed to 95 per cent of Chinese who want Najib to remain in prison

WiseGuy inside The Corporate Mafia : Can the MBI investigation unlock these puzzles?

UNTIL today no one knows exactly who signed on the dotted line to READ: sell off 1214 hectare land owned by the Perak State Development Corporation to ECK Development Sdn Bhd .

WHAT, we do know is the land ear marked for a brand new airport in Perak was sold, sometime between 2018 and 2019 for a song  to ECK Development  at a time when Ahmad Faizal Azumu was the Menteri Besar of Perak.

A MACC investigation supposedly started in 2022, has yet to result in charges  being filed against the individuals responsible for the sale.

 ALL this is despite Nga Kor Ming raising the matter in the state assembly,  claiming there no memo or even meetings to consider such a sale.

WILL Malaysia discover what is it actually did the Kedah Menteri Besar Muhammad Sanusi Md Nor saw back in 2021, to convince him that READ : ECK Development has proof of funds totalling RM6.5 billion for the first two phase of the planned Kedah International Airport.

ALL this for a company  which was losing to the tune of RM43 million a year in 2021, with liabilities standing at RM627.6 million, surpassing the company's assets, but yet strangely  were paying hefty dividends to shareholders.

THINGS get a lot more interesting when one starts to study Muhammad Sanusi Md Nor a bit more.

LIKE why on earth give READ: 11 acres of Prime land eventhough the planned rubber city project has been abandoned?

AND who is the generous recipient of this land,? Well it's none other than Hong Seng Consolidated, who kept their mouths closed, allowing the Kedah Menteri Besar to use the planned billion ringgit project as PR material on the ability of his PAS led Government  in attracting investments for the state election campaigns last year. 

MUHAMMAD Sanusi  Md Nor would latter admit he knew in advance that the Hong Seng project was a dead wood, something which minority shareholders were not informed by the company until it was too late.

AND is there a link between Papa Rich, Tedy Teow Wooi Huat's  MBI and Quantum Metal? We will soon find out, won't we...

WiseGuy inside The Corporate Mafia : AFTER 571 days.

YES approximately  571 days, that is how long the Securities Commission's audit oversight  body took to get its act in order.

ON,  October 13, 2023, I had specifically focused READ :in the manner auditors Cheng & Co has gone about auditing Greepacket Bhd' books..

MY concern was not based on the fact that  READ : Messrs Chengco PLT (or formerly known as Cheng & Co) and its partners have been barred by the Securities Commission Malaysia’s Audit Oversight Board (AOB) from accepting public interest entities (PIEs) or schedule funds as clients and auditing their financial statements for 12 months.

MY concerns were  why had GreenPacket refused to hire a big three audit firm and how on earth were Chengco adding value to the audit process of GreenPacket, which supposedly earns in the 100's of million from outside Malaysia, when Chengco doesn't have an oversees presence.

FRANCIS Leong Seng Wui's eagerness to embrace CHENGCO for Revenue Group, merely  strengthen the bias that something randy was taking place in the state of New York.

CHENGCO has now received its second  suspension from the Securities Commission 's audit board in  merely six years..

THE SC having a spine bodes well for Malaysia as well as for its excecutive chairman Mohammad Faiz Azmi, who I am told have eyes for KENNETH VUN YUN LIUN. 

State of the Nation : Tedy Teow Wooi Huat's AMLA Song In KL, is PENNILESS

TEDY Teow Wooi Huat, fraudulent scheme , has actually netted nothing from the recent reinvestigation of Mobility Beyond Imagination Group (MBI).

THE cryptocurrency scam, READ : stole USD$14 billion from more than 10 million people.

MBI spelled backwards is IBM, which press reports claim as proof that Tedy Teow wooi Huat wanted to build the scheme to be as big as International Business Machines Corporation.

THAT though is actually a myth. Tedy Teoh Wooi Huat actually had a knack of using larger corporations namesake to garner attention.

CASE in point, according to US SEC fillings Tedy Teoh Wooi Huat, has a digital sports entertainment company VIEW : Apple iSports Group Inc.

TALKING about myths, Ideal Property Group controlled by Alex Ooi Kee Liang says READ : the company has nothing to do with MBI.

WHICH is why, we should not jump to the conclusion that the RM3.5 billion frozen.due to AMLA related breaches , shouldn't be constructed as having been  forfeited.

SO far not a soul from the legion of Tan Sri's and Datuks , who have had to their knuckles merely pinched, have been charged in court.

JUST look at the condo emperor in Penang, who some years back had his accounts frozen for AMLA breaches , but nothing came out from it. 

THE only head to roll from that incident was the chairman of Koperasi Tunas Muda Sg. Ara Berhad, the one term state assemblymen representing Batu Maung. READ : Mansor Musa in the dock for taking RM11 million bung.

IDEALLY, if you get the guess correct you will win a property but for today there no gifts, if you are able to deduct which heavenly condo blue bird, was giving out millions in stained envelopes. 

WiseGuy inside The Corporate Mafia : Nga Kor Ming

DAP's Nga Kor Ming is playing a very dangerous game, with the whispers getting louder, on who his friends are, since he became a Federal Minister.

HAVING emerged as the new deputy chairman in the recently completed party elections, that for the first time was rocked with allegations of money politics.

IT came as no surprise that team Nga Kor Ming were the biggest winners in the socialist learning party's election. 

NGA Kor Ming's tenure as housing minister has seen credit komuniti entities giving out huge loans to individuals to  buy and speculate on stocks.

FOR example,  it is estimated, that Farhash Wafa Salvador Rizal Mubarak got somewhere between RM180 million and RM300 million to buy shares in MMAG by Velocity Capital.

HIS  tenure , has also seen the minister extend Revenue Group's money lending license despite strong  paper trails that RM64 million had been washed into the company.

NGA Kor Ming, had also attempted rehabilitate Leong Seng Wui' reputation by attempting to give Revenue Group a fresh batch of contracts. READ :Nga Kor Ming is an embarrassment.

AND before , NGA Kor Ming, in the truest sence of whoes badge he actually wears close to his heart, went out of his way to appoint READ :Mohd khairul Adib Abd Rahman as the alternate chairman of the Local Government Development Ministry' Panel of Experts.

YES, the same Mohd Khairul Adib Abd Rahman,  who mysteriously had shares in Classita Bhd which he sold for a six million ringgit gain.

  

THE same Mohd Khairul Adib Abd Rahman, who was loaned a bundle of cash by KN Kenanga to but NEX G Bhd.

THIS is the same Velocity Mohd Khairul Adib Abd Rahman,  who online publications claim is the richest Malaysian KSU, in the shortest period of time in the history of man kind.

BIRDS of a feather, they say tend  to stick together but when the axe starts to fall, then it's every bird for itself.

WHEN it's every bird for itself.....they tend to always fall like ninepins in bowling alley

WiseGuy inside The Corporate Mafia : Calling Mr Vain, calling, DPP Law Chin How.

WHAT'S a conflict of interest? It could mean so many things, yet nothing. Many though, won't object to the point of view, it leads to bias in decision making.

TAKE the case of the senior Deputy Public Prosecutor of Malaysian Anti-Corruption Commission, Law Chin How.

SOME say, he has a close bond with MACC' famed Cawangan D, true or not, it's actually none of our business. 

IT becomes OUR business,  and I mean OUR as in Malaysia's  and every Malaysians business, even if there is a single drop or hint of a conflict or even perceived conflict of interest. 

LAW Chin How, has been involved in some very high profile cases such as 1MDB, and the Bung Mokthar's  case,  but it is the lesser profile case that should bother us.

LAW Chin How, did Malaysia a great service when he READ : successful prosecuted Former Malaysia Automotive Robotics and IoT Institute (MARii) chief executive officer Madani Sahari for accepting RM5 million in bribes.

THE drawback, though was the bribe giver, cited by MACC FM is a READ : is a certain Kenny Khow Chuan Wah, who ultimately was acting on behalf of a company owned by Hong Seng Consolidated.

WHEN all these monies were exchanging hands, Kenny Khow Chuan Wah, was also an executive director in Green Packet  Bhd, alongside Leong Seng Wui, who now happens to be the substantial shareholder of Hong Seng Consolidated.

BOTH Kenny  Khow Chuan Wah and Leong Seng Wui very hurriedly resigned some three days apart from Greenpacket in Dec 2023.

WHO decided, in giving Kenny Khow Chuan Wah, the bribe giver on behalf of a company under the Hong Seng Corp Bhd group of companies a FREE PASS in the Madani Shari graft case and WHY?

CAN those same set of people lead a prosecution teams case involving Revenue Group Bhd, where on the dock are all those who OPPOSE  Leong Seng Wui.  You be the judge MALAYSIA

 

WiseGuy inside The Corporate Mafia : The Story of Ooi.

THE story of Ooi Chieng Sim,  is indeed a fascinating one, as the cover up, was not from the police but from Politicians in government at that point of time, and some very respectable business publications

RESPECTABLE at the level, even Malaysia's most popular politician among the masses,  has his kuckles cracked.

BUT before that here is some fun facts. From the nearly READ : RM990 million seized from drug pushing and storing vice since 2019, Oii Chiem Sing, contributed 22.2 per cent of what had been seized since 2019.

BY any accounts, the seizure amount is pathetic.

 NO wonder Revenue Group Bhd cab convert warrants at 75 sen a share when the mother was trading 20 over sen to raise as much as RM62 million cash in the most suspicious way.

WHO were this kind hearted warrant holders in Revenue Group? Were they angelic, or notorious individuals masked via proxies finding legitimacy from  the drug trade?

THE recent factually on Tedy Teow Wooi Huat,  paints a much more darker edge to the MBI founder.

THAT his son and cousin brother would take control Oii Chieng Sim Atta Global Bhd, was treated READ : in 2023, just like a normal news discounting available info that Tedy Teow Wooi Huat disappeared from Malaysia due to drug related dealings. but thought nothing of hiding in plain sight af the first Thailand town next to Bukit Kayu Hitam.

THE Thais know something we don't which is whg they insist Tedy Teow Wooi Huat is a billionaire and a drug kingpin.

FORMER home minister has a lot to account for. Under his watch, those at front line of the drugs business but still be a director of a public listed company.

THOSE gangster types, like Francis Leong Seng Wui,  can have police report lodged against them for blackmail, fear mongering, and intimidation, and yet is seen fit to continue turning porifitable ventures into failers

State of the Nation : Birth Rights

THE new rich of the world is no longer solely tied to gold reserves,  currency reserves or even US Treasury Bills ownership.

 NOR is it valued on your YUAN reserves, or even the much talked about super BRICS currency  of the future.

THE rich, ironically is what GOD through mother nature has given each nation as its birth right.

IF you abuse your birth right, you could well end up, holding the beggar's bowl for help from your brother, VIEW : as Malaysia found out when Indonesia said NO to our request to buy rice from them.

THE politics of the new rich, is not confined to our nation, as we can see it being played live on TikTok screens and on CNN as READ : India suspends water treaties with Pakistan, treaties that were never touched even when both countries were at war.

STRANGELY,  India's decision to use water as a weapon, comes merely two weeks after, the country alleged READ : that china building the world's largest dam, was akin to a water bomb which could sink Northern India and Bangladesh.

EVEN the slightest mention of war between India and Pakistan, is going to have an impact on our own rice supplies.

ONCE upon a time, nearly four decades ago, due to our GOD given birthrights, we were self sufficient in rice, but we squandered that away in a fluff.

WE have ample water though for our people and the Proposed Data Centers, READ : which requires a tremendous amount of water.

IT will be a sad day indeed, when we wake up one day to find out even that birthright we have given it a way for a SONG.

WiseGuy inside The Corporate Mafia : MMAG Bhd.

HERE is a question that needs to be answered,  not by MMAG Bhd but by BURSA MALAYSIA. 

HOW much money did Farhash Wafa Salvador Rizal Mubarak spend to buy a 20 per cent stake in MMAG Bhd.

ERIC See-To, Najib Razak's fan boy who goes by the name Lim Sian See READ : places the deal at RM320 million, while I have gone on record to place it at between RM100 million to  RM280 million 

WHY this is an estimate is because there are no documentations yet on Bursa Malaysia's website on the cost of the deal.

WHY is the cost important then? Well it is because just weeks before Farhash Wafa Salvador Rizal Mubarak  would enter MMAG, Velocity Capital had bought the shares for a song.

THE average price NEXG Bhd paid for a stake in MMAG READ : was about 40 sen a share.

IN between those purchases MMAG shares had flew in the month March from 51 sen to well over 80 sen a share up to March 24th only for the run to be broken by READ : a one day 15 per cent plunge in share prices, which has never really recovered.

ONE day latter, on the 26th of March, Farhash Wafa Salvador Rizal Mubarak would appear. 

WAS there a margin call on MMAG, or were the shares pressed down for Farhash Wafa Salvador Rizal Mubarak to enter ?

ONLY for all the well laid plans go off the rail due to an orange looking guy sitting in Washington DC, known as Donald Trump upsetting the world trade order?

WiseGuy inside The Corporate Mafia : The ties that don't seem to bind.

MOST may have heard about the saying on the ties that bind, an irrevocable friendship that doesn't change even through the test of time.

BUT here is a new one for you, the ties that don't seem to bind but is being forced upon a gullible public, that there is something more than meets the eye.

CASE in point, being Farhash Wafa Salvador, who was Anwar Ibrahim's secretary some five years ago, before they parted ways.

THOSE close to the Prime Minister say, while they are not on bad terms, neither is Farhash Wafa Salvador considered to be in the inner circle of Anwar Ibrahim. 

FARHASH Wafa Salvador can do business with whoever he wants to and Anwar Ibrahim's Minister of Finance Inc will do whatever it deems in the best interest of Malaysia.

JUST look at the MMAG Bhd  linked Nexg Bhd, formerly known as Datasonic Bhd. The moment word on the street had hit a couple of months ago, that people close to MMAG's executive director  Victor Chin Boon Long was taking over Datasonic,  what has the Government response been?

URUSHARTA JAMAAH Sdn Bhd, an entity 100 per cent controlled by MOF VIEW : started to sell down its shares in NexG Bhd, the moment the company said it wanted to buy Innov8tiv from Leong Seng Wui's Revenue Group.

TODATE, the MOF controlled Urusharta have dumped more than 108 million shares of NEXG Bhd in the open market and READ : formerly exited from Nexg as a major shareholder.

IF this doesn't convince you, call the senior stock brokers, the men in the know and ask them whoes group is having sleepless nights due to MARGIN CALL

State of the Nation : When Judges Are Told ...

BEING an individual off having zero experience being in a court of law, physically, I was amused to read, what I have seen on American court drama, being told to juries but never to a panel of seasoned judges.

THAT was until, I read the Edge on the case involving young law maker, Syed Saddiq on charges of corruption by the Deputy Public Prosecutor. 

READ :  Lead prosecutor DPP Wan Shaharuddin Wan Ladin asked the panel of judges to put aside opinions and comments of netizens regarding this case.

AS I had mentioned before on March 19 2025,  the case of Syed Saddiq  has become READ : extraordinary due to Bella Astillah which has captured the imagination of the B40 Malay crowd, who seems unable to connect with the Madani Government.

THE Attorney General's office seems to be ensync with the feelings of this group of voters,  which also happens to be the base that is holding up Najib Razak's popularity.

ARE they about to see one more of their icons behind bars at a time wheh there is so much pent up frustration.

FRUSTRATION when there  are cases such as Tedy Teow Wooi Huat's MBI pyramid scheme,  the Quantum Metal, running into the second year of delayed payment or even the RM64 million warrant conversion saga in Revenue Group Bhd,  had seen no one of sizeable reputation being jailed in Malaysia.

WE can't blame the courts for not jailing them if the cases are never brought to the halls of justice, in the first place.

WHO do we blame then?

WiseGuy inside The Corporate Mafia : Victor Chin Boon Long

IS Victor Chin Boon Long still running the shots in MMAG Bhd, while the new so called single largest shareholder of the company remains with zero executive powers? READ : Farhash Wafa Salvador has no executive powers in MMAG Bhd

WELL apparently going by the legal books, the one with executive powers on the board of MMAG Bhd is VICTOR CHIN BOON LONG.

YUP,  Victor Chin Boon Long is still the executive director of MMAG, with zero direct shares owned in the company,  and the only person who actually resigned from the board related to Victor Chin Boon Long was his wife.

YOU see Chan Swee Ying, who still owns 107 million MMAG shares, merely resigned VIEW : alternate executive director to Victor Chin Boon Long.

VICTOR Chin Boon Long is firmly in control of MMAG Bhd, whoes share price have been rising despite a 10 to one  share consolidation exercise on the cards.

WiseGuy inside The Corporate Mafia : Money Laundering

MONEY laundering on Bursa Malaysia is not and never have been confined to the nephew of READ : Tedy Teow Wooi Huat.

IN fact, it is so prevalent, that Bursa Malaysia might be walking into a trap to shoot its own arse by allowing REVENUE Group Bhd to READ : the company to raise RM193 million of which some RM143 million will be ploughed into the money lending business.

NOW why should such a proposal if approved come and haunt back Bursa Malaysia in a very bad way?

WELL first and foremost Teh Chee Hoe and Leong Seng Wui have a recent past of making all types of proposals that look good on paper but eventually ends up with the companies they manage losing money.

FROM SCAN Associates Bhd, to Green Packet Bhd to Revenue Group Bhd, the story has always been the same.

SO how come the duo have managed to stay in the game for decades now, while the companies they manage all end up needing mouth to mouth resuscitation?

 WORD on the streets are, they are professional money launders, which of course we can expect them to deny.

SO why not Bursa Malaysia, the Securities Commission  and Bank Negara work together and prove once and for all that Leong Seng Wui and Teh Chee Hoe are not professional money launders. 

THE requlators can do this by coming up with a simple statement that READ : Revenue Group earning RM64 million via a warrant conversion exercise which made zero economic sence, had nothing to do with money laundering.

IF you can't do that, then don't give them the approval to expand their money lending activities, because you will have blood on your hands due the growing drug threat our nation is facing.

WiseGuy inside The Corporate Mafia : Farhash Wafa Salvador

THE devil is in the detail and it is on fine print in Velocity Capital's VIEW : Latest announcement to the stock exchange.

VELOCITY  Capital disclosed  that it gave out a single cash loan amounting to RM120 million to an individual , who in turn had pledged RM321 million in assets.

NOW, we all know that Farhash Wafa Salvador took a cash loan from Velocity Capital Partners where interest rates could go up as high as 12 per cent per annum, which is about 200 per cent higher even if you take a personal loan from a bank to buy MMAG Bhd shares.

WE also know since all of Farhash Wafa Salvador's MMAG shares are pledged to Velocity Capital, and that READ : the 20 per cent of MMAG shares acquired by Farhash Wafa Salvador is valued at between RM280 million and RM330 million.

NOW that alone would suggest, there is a mis match with what Velocity Capital had disclosed to the stock exchange. 

BUT then again, this argument can easily be explained that Farhash had taken more loans using sole proprietary, which Velocity could list as companies since the Bursa Malaysia listed only Farhash Wafa Salvador's name as the shareholder with Velocity Capital Partners Bhd being the registered owner of the shares.

OR that Farhash Wafa Salvador could have purchased some of the shares in cash and pledged them to Velocity for additional cash , but the hick up to these argument is why is then Velocity Capital Partners the sole registered owner of the shares.

BUT the question most Malaysians would want answered is why Velocity Capital Partners having a 51 per cent single exposure to one individual from the total RM253 million it loaned out?

HOW much interest is Velocity Capital Partners charging Farhash Wafa Salvador? Is it market rates, below market rates and the so called RM321 million assets pledged are they really worth that much or is it based on a best case scenario?

MARKET players will definitely not be getting this set of information from the stock exchange but it reflects badly on the housing minister Nga Kor Ming, the housing minister who is on RECORD VIEW : stating that Kredit Komuniti entities are here to help the SMALL MEN OF Malaysia.

HAVING assets valued above RM320 million must surely discount the the individual as a small men, and then when you take into account that Velocity Capital Partners Bhd READ : has ties with people and companies acting as fronts for Tedy Teow Wooi Huat's MBI, who shall we fault for the narrative that something is rotten in the state of Denmark?

WiseGuy inside The Corporate Mafia : Lim Guan Eng.

LIM Guan Eng, is a politician who i felt when growing up, as a class above the rest, as I found it fascinating READ : that Malaysian politician, would be a prisoner of conscious for a girl who is neither of his race nor religion.

MUCH of that high regards, stayed eventhough I had a birds eye view back in 2013 READ : on how Astral Supreme Bhd, was brought in to the Penang Undersea Cable, who was looking for public listed companies to be involved in the project, instead of private companies, to benefit from spikes in share price.

NOT even, READ : A USD Two Billion IMDB fund parked in Seychelles, tied up to the Penang Undersea Cable Project, had me thinking twice, perhaps the man has changed ; but for the worst. 

NOW, with some decades under the bridge, and having me reevaluate the scale of the Mobility Beyond Imagination ponzi scheme,  and how Lim Guan Eng, was the centre of attraction.

FROM officiating marathons bankrolled by Tedy Teow Wooi Huat 's MBI, to being at MBI company functions, Lim Guan Eng was there.

AND the skyscraper like billboards on key state government structures,  screaming MBI, shows this was know ordinary company.

WITH close to RM10 billion of Tedy Teow Wooi Huat 's lost money almost in sight, one wonders if Tedy Wooi Huat had been leaving us with a CLUE from day ONE.

THE acronym MBI if spelt backwards is IBM, the US-based computer main frame technology company with a global reach.

LOOKING Back, it might have been a code of two faced tokong like figure, saying and doing the right things for all sides both in private and in public.

State of the Nation : Ali Baba and the 40 policemen

A couple of days back, I wrote on my Facebook page READ : an updated version of Budak Bijak Pandai yang selamatkan Temasik dari Todak which was a followup to READ : Trump's tarrifs and money sacking automotive AP business in Malaysia.

PROTON, our national, which is 49.9 per cent owned by China's Zhejiang Geely Holding Group READ : have started some defensive move using China as the punching back, when in actual far the automated knows what its future will be like if Malaysian consumers are allowed to buy cars at a price without an AP muck up.

IF, you are wondering who is the guy in shorts , well it is none other than,Tedy Teow Wooi Huat, the prime figure behind the disgraced MBI, which wanted a global reach similar to IBM.

WAS Tedy Teow Wooi Huat in China yesterday? I DONT THINK SO.  He is where he is ...my lips are sealed alongside ALI BABA and the 40 policemen.

WHEREVER, he is, Alibaba, I mean Tedy Teow Wooi Huat apparently sings better than a canary in Mandarin and Malay.

WHICH leads us to the  STAR report :  Four Datuk' held, over RM3bil in assets seized or frozen in massive police op.

THE report is talking about the MBI scam actually and in total more than 8 people have been held.

AMONG the prominent Datuk's  one name sticks out. Who is it? Well perhaps we should ask Shahul Hameed  of HRD Corp, because  apparently under his leadership HRD Corp invested in two companies directly controlled by this Datuk.

AND no, it's not Vincent Tan Chee Yioun,  who is a Tan Sri.

BUT why ask Shahul Hameed? Well Shahul Hameed is apparently close to a senior politician , who holds no cabinet position these days, who in turn is buddies with Amin Bangla, who in turn has been in bed with the founding members of the CORPORATE MAFIA.

Will the director general of the Immigration Department, please stand up

ZAKARIA Shaaban, better not be relaxing somewhere, sipping coffee and having a good time now, because the Malaysian Corruption Watch, an NGO with a close relationship with the Anti Corruption  Agency VIEW : just disclosed that the immigration department is the most corrupt agency in Malaysia.

MOST of us, may never have heard this wankers name or even have a second to Google up on how  Zakaria Shaaban even looks like.

I bet you definitely want to know a lot more about Zakaria Shaaban and how competent this guy must be, when you consider the statement made by the MCW president that 90 per cent of the immigration officers at KLIA are corrupt.

AM I agreeing with the statement made by the MCW president? I honestly don't know what to think, considering READ : that Prime Minister Anwar Ibrahim had told the nation, back in July 2023 that only a small group of immigration officers at KLIA are problematic.

SO which is which? Is corruption at KLIA among immigration officers confined to a small corrupt or 90 per cent of them are living on bung money?

WHAT do I know then, to even consider writing about the department headed by Zakaria Shaaban?

I know two things. ONE, many Malaysians including UMNO Youth head Muhammad Akmal Saleh should be ashamed of themselves and immediately offer their apologies to READ : Tiong King Sing, our tourism minister for exposing the culture of corruption among immigration officers at KLIA.

SECONDLY, why are we not charging in court corrupt and non corrupt public officials who are aware of corruption in their respective departments for remaining silent, when the law states clearly it's a criminal offence if you do not report such acts.

AS early as 2017, the MACC  had promised Malaysia and her citizens that the agency will READ : Section 25 (1) and (2) of the MACC Act 2009, which comes with a ten year jail term for public servants who have knowledge of corrupt activities buy choose to remain silent.

HOW silent have they been ? Well from READ: 2011 to 2020, only 16,000 civil servants from the 1.6 million strong civil service had gone on record to report corrupt practise to help save our country

WiseGuy inside The Corporate Mafia : Roadkill

THE literal translation points to roadkill as a wild animal that has been killed by collision with motor vehicles.

THAT being said, it is also an English slang which refers to a person that has been damaged as a result of something: such as an action taken by another party.

KENNETH Vun Yun Liun, who has been attempting to buy respectability with a Datukship, only to be told don't stand close to any one respectable, had in his GAYISH vanity, undergone plastic surgery to reimage himself.

APPARENTLY, it hasn't worked, with Mohammad Faiz Azmi, the new Securities Commission Chairman, wants a re look in the role of Kenneth Vun in shortchanging minority shareholders in the companies he controls.

ANOTHER investigation on the skinny and ailing Sabahan, wont shake him to bits, but will is the FREQUENCY.

WHAT'S the frequency Kenneth Vun Yun Liun? That is exactly prominent people in the corriors of power want to know.

IN 36 months, at least two businessmen who stood up to Kenneth Vun Yun Liun, has ended up on the MACC most wanted list, with both fleeing Malaysia for reason best revealed NOT TODAY 

THEY are Justin Lim Hwa Tat , who has very deep ties with a women of great wealth tipped to be the chief minister of an Southern state in India, and market maker Mak Siew Wei.

WiseGuy inside The Corporate Mafia : Bursa Malaysia.

BURSA Malaysia, the frontline requlator of the Malaysian capital market, seems to have finally grown a pair of testicle, just 22 days short of Abdul Wahid Omar's reign as chairman of the exchange, ends up in the annals of Auld Lang Syne.

YESTERDAY  a brave Bursa Malaysia demanded to know the identity  of the person who sold 45 million MMAG shares to NEXG Bhd? READ : NexG says Ng Them Seang is the seller of the 45 million MMAG shares.

IF you don't know who Ng Them Seang is... well he was the READ : major shareholder in MMAG Bhd, back in 2022.

NOW the question which we should be asking ourselves  is, if Bursa Malaysia can ask you to identify in public,  who sold you shares in an off market deal, what on earth is stopping Bursa Malaysia from asking REVENUE GROUP BHD to name every single minority shareholder who converted Revenue Group warrants at a conversion rate of 75 sen a warrant, when the mother share price was less than 25 sen a share.

IN total, READ : some RM63 million was artificially syringed into Revenue Group Bhd, with no logical explanation behind the conversion.

WHO were this people,  who didn't buy the mother share priced at less than 25 sen a share at the time of conversion, but instead chose to pay 75 sen  per warrant to convert the worthless warrant into mother shares?

ARE those people related to santa clause?, or merely idiots with money? , or a bunch of drug dealers busy cleaning up their money, using Revenue Group Bhd listed on Bursa Malaysia as a washing machine?

MALAYSIA deserves an answer before a foreign publication such as the South China Morning Post anwsers it for us and turn the now wobbly stock exchange into a real life Humpty Dumpty !!!.

WiseGuy inside The Corporate Mafia : Xi Jinping

RUMOUR has it READ : the recent reinvestigation on Tedy Teow ' fraudulent MBI scheme, is due to the impending visit of China’s President Xi Jinping.

NOW,  let's assume this rumour has some meat in it,  then logic will lead us to the assumption,  this is something Beijing, wants settled once and for all.

CHINA'S president Xi Jinping, has been in the game long enough to know that there is no point in having nuclear bombs, state of the art battle cruisers, if you can't protect the well being of your own people.

BEIJING knows the art of diplomacy, but there are some issues,  Beijing will show you the middle finger if you cross the line, such as the issue of Taiwan.

APPARENTLY,  Tedy Teow which Beijjng insist should be reffered to as Zhang Yufa is also apparently high on Beijing's don't mess list,  which can be seen in how READ : Thailand denied Malaysia's request to send Tedy Teow back to Malaysia but instead handed him over to China.

THAILAND  is not dumb, and it knows the public relations  repercussions, if the court in China decides its the firing squard for good ole Tedy Teow. 

BUT as the Malay saying ANGIN TERLALU KUAT, which had the Thai's accepting a future PR backlash , against the heat from Beijing.

NOW, Malaysia has a problem. The problem's name is Farhash Wafa Salvador, the ex political secretary of Anwar Ibrahim.

FOR those who are familiar with the Malaysian stock market Farhash Wafa Salvador is exactly in the same boat as READ:Mohd Nazifuddin Najib, when Raymond Chan introduced him to Malaysia via Harvest Court Bhd.

TO  the insiders, we all knew that Mohd Nazifuddin Najib had almost no clout with his dad Najib Razak, but to the outsiders, he was the all powerful son of the Prime Minister.

IN short, READ : Farhash Wafa Salvador's glory days as Anwar Ibrahim's blue eyed boy, has been over for sometime now, eventhough he is still acting the part.

BUT what has MBI, or as some people like to call it Tedy Teow's READ : MPIRE, got to do with Farhash Wafa Salvador, one may ask?

WELL the devil is in the detail, and I am sure, the China embassy won't mess up on the info memo to our most honourable future guest Xi Jinping.

IF you, yes you as in the China Enbassy in Kuala Lumpur,  if you click on the above MPIRE, you will notice, that the company which signed the deal with Tedy Teow's proxies, then known as Sand Nisko Bhd, has today changed its name to  VIEW : MPIRE Global Bhd.

SO what's the big deal here? Well it has all to do with the executive chairman of MPIRE Global , Billy Goh Soo Wee,  who controls the the listed co, via his 27 per cent stake in MAYAPADA Capital Sdn Bhd.

MAYAPADA Capital is a READ : known front for Tedy Teow's pyramid scheme that left more than 2 million investors from China losing a lot of money.

SO what? And what has this got to do with Farhash Wafa Salvador? 

WELL, the executive chairman of Mpire Global is also READ :now a paid employee of Velocity Capital.

YES, this is the same Velocity Capital that has on paper lent VIEW  :Farhash Wafa Salvador more than RM200 million to buy MMAG Bhd shares, which Velocity had actually the first right of refusal on.

NOW what or who are the familiar names that tend to come out, when we mention MMAG Bhd, Velocity Capital Bhd and Nexg Bhd?

ONE NAME sticks out ; Victor Chin Boon Long, which then branches out to his boys Francis Leong Seng Wui  and Teh Chee Hoe

SO there you have it guys, in order to get the heat of their backsides, the Corporate Mafia decided to show their ace (Farhash Wafa Salvador).

BUT unknown to them then, the ace turns out to be a double aged sword,  just sharp enough to catch Beijing's attention, who definitely will now want to play a round of LINGCHI.

State of the Nation : Trump's Tarrifs

MALAYSIA might have missed the most important thing, which Donald Trump had to say about the stiff tarrifs imposed on READ : on the tarrifs imposed on countries such as Malaysia.

IN what seemingly looks stranger then even fiction, Donald Trump, could well be hailed as a hero by ordinary Malaysians at ground zero in years to come.

THE US president, who some claimed has lost his marbles, has made it crystal clear, that he is looking at the art of the deal to inspire nations such as ours to READ :to come up with phenomenal offers that would benefit the USA, in order for tarrifs to come tumbling down like Humpty Dumpty.

MALAYSIA actually can offer a lot to the USA, without breaking its back,  as it has the right optics, that could make Donald Trump feel great about Malaysia again.

FOR starters, let's ask ourself, why is it, we don't have a free trade agreement  with the USA since talks were suspended by Muhyiddin Yassin without even informing the cabinet back in 2008?

ITS due to our own tarrifs imposed by successive government's on the shoulders of Joe public, via the Approve Permit for automotives, which in turn had READ : seen Malaysia ranked just below North Korea in the most expensive place to own a foreign made cars , global charts.

FAT   Rafizi Ramli READ : has been promising since 2023, to put an to the AP scrooge, have gone silent since 2024, on how to kill Malaysian households most expensive asset purchase which diminishes in value over time.

MALAYSIA should start cracking on killing off the Approved Permit foe Automotives  business , so that we have something good to make Donald Trump feel good about himself.

IF, that doesn't convince Trump to take the bait, we can sweeten the deal by throwing  Huawei under the second 5G network bus.

NEEDLESS to say, such a move won't thrill, China's Xi Jinping who will be visiting our country this month.

MALAYSIA's top priority should be Malaysia, and it won't hurt us one bid to have a crazy American with a cowboys view on world affairs considering it is not the USA, but rather Communist China that is claiming part of Malaysia as their father's land, while stating China has zero claims on Singapore's sovereignty.

State of the Nation : THE return of MBI

THE Tan Sri , said to be at the centre of attention. due to the reinvestigation on the MBI pyramid scam is ECK Development Sdn Bhd.

THE face of ECK Development, a developer said to be close to PAS and the DAP is Khor Eng Chuen.

KHOR acquired ECK in 2019 from Teow Ee Meng, who was charged READ :with money laundering linked to the MBI scam.

BUT hey, let's not pretend that Khor Eng Chuen is the only Tan Sri  dealing directly with the now infamous Tedy Teow Teow Wooi Huat.

MBI,  had shareholding links to Airasia, and back in the day around 2013,  the company was spending around READ :RM1.8 million a year to have the MFace brand name painted on Airasia aeroplanes.

LETS not forget, that the former inspector general of Police, Musa Hassan was a very  VIEW :high profile consultant along side AC Muzal, the TV perfonality

WHILE Bank Negara did eventually  take action against  MBI, and Tedy Teow Wooi Huat,  let us not forget,  the action only came , two years late. READ : In 2016, Penang Consumer Association, investigated MBI, and reported it to thr Central Bank, yet strangely Bank Negara Malaysia decided to sit on its fat backside for two years.

IF Tedy Teow Wooi Huat,  was taken to China,  he could have actually  been roaming free in Malaysia, because after the initial drama, on wanting to fry Tedy Teow Wooi Huat,  READ : The police had to NFA his case, but receiving the marching orders from the DPP's office.

ONE very interesting aspect about Tedy Teow Wooi Huat  is that while he is known as a top notch scam king in Malaysia,  as well as in China.

IN Thailand, its a different story.  The Danuk centric businessmen, said to be a billionaire was high on the wanted list in Thailand, for being an international boss of a drug trafficking ring. READ : In 2017, Tedy Teow Wooi Huat arrested by arrested by the Thai Narcotics Suppression Bureau on drug charges,

WiseGuy inside The Corporate Mafia : Farhash Wafa Salvador Rizal Mubarak

WHEN it does not make sence, be WARY of what's ahead of the road, because surprises almost always end with retail investors losing their underpants.

TAKE Farhash Wafa Salvador Rizal Mubarak's exploits on Bursa Malaysia over the past two years or so.

1. APEX Equity Holdings Bhd

Appointed EXECUTIVE CHAIRMAN VIEW :  on Dec 27 2022

A. On 21st May 2024, acquired 1,937,400 shares at  RM1.04. (1,937,400*1.04) : RM2.01million.

B. On July 15 2024, bought 1.68 million shares at RM1.19.(1.68*1.19) : RM1.99 million.

Total spent is RM4 million, with the shares registered under the name of Farhash Wafa Salvador Rizal Mubarak.

IF you wish to check the accuracy, please feel free to Click here and also here.

2.Excel Force MSC Bhd

Appointed EXECUTIVE CHAIRMAN VIEW : on May 9th 2023

A. On 21 November bought VIEW : 5 million shares at 40 sen a share for a grandtotal of a RM2 million investment with the shares registered under the name of Farhash Wafa Salvador Rizal Mubarak

3. WHAT is the role of an EXECUTIVE CHAIRMAN?

READ : an executive chair is actively involved in the day-to-day management and decision-making of the company. Their level of responsibility can vary based on the company structure, but they typically have a significant role in shaping the organization’s long-term strategy.

4. NOW Let's look at Farhash Wafa Salvador Rizal Mubarak's recent purchase of a 20 per cent stake in MMAG Bhd at somewhere between RM287 million and RM330 million.

A. POSITION 

   Non Independent and Non Excutive Chairman.

The non-executive chair acts as a bridge between the board and stakeholders, including shareholders, employees, customers, and the wider community, ensuring effective communication and addressing concerns.

DO note while an executive chairman is higher than a managing director, a non executive chairman has less power than a managing director. 

B. Are the MMAG shares registered under the name of Farhash Wafa Salvador Rizal Mubarak? 

NO they are not, while on the surface the shares look like they are registered under the Malay individual known as Farhash Wafa Salvador Rizal Mubarak, a check on Bursa Malaysia's website reveals the shares are registered under a subsidiary of a  public listed company controlled by a johor based business tycoon. 

VIEW : Velocity Capital Partners Sdn Bhd are the by law registered shareholder of the 20 per cent stake in MMAG Bhd.

5. CONCLUSION 

WHY would a guy insist on being executive chairman of APEX Bhd and Excel Force where he is the registered shareholder, but only with a Capital outlay of just RM6 million, but allow himself to be the non-executive chairman of MMAG where his Capital outlay is between RM280 million and RM330 million?

THERE is nothing illegal in what Farhash Wafa Salvador Rizal Mubarak, a former non executive and independent director of the Singapore listed Bluemont Group Ltd (2014 to 2016) is doing.

DO note in 2013, Bluemont Group Ltd was one the three companies, fiddled by JOHN SOH CHEE WEN which caused the eight billion Singapore  dollar penny stock crash in the Island state.

WiseGuy inside The Corporate Mafia : Velocity : Notorious part 2

ON  January  6 this year, I had already warned that READ : Velocity Capital Partners Bhd ... NOTORIOUS.

LITTLE  did I know then, how notoriously dumb,  Velocity Capital would turn out to be, with their inexperience providing those who want to see Anwar Ibrahim fail, with ample ammunition. 

WORST still the entire deal, reflects badly on NGA Kor Ming,  the DAP man of the moment, who happens to be the Housing Minister.

CONSIDER the following,  Velocity Capital Partners basically financed VIEW : Farhash Wafa Salvador's purchase of 462 million MMAG shares via an off market deal.

BASICALLY,  with a ten per cent discount to the closing 🅱️ of 69 sen a share on the day of announcement🥱, this translates to (462 millio🫠n MMAG shares times 0.621) to RM287.026 million , given by a Kreditkomuniti firm licensed by the Housing Ministry  to Farhash Wafa Salvador to acquire the shares.

NOW,  don't forget a year ago, Velocity had already given LEONG Seng Wui and friends VIEW : some RM14 million to buy more than 32 million SMI Bhd shares at around 30 something sen per share.

AND then since Velocity is banking on Leong Seng Wui taking SMI Bhd private at about READ:45 sen a share, basically there is another RM40 million more outlay by Velocity if the privatisation exercise goes through.

NOW remember the following numbers RM287.026 million.  🤠👍for Farhash Wafa Salvador plus RM40 million for Leong Seng Wui and friends, rounds up to  RM327.026 million.

AS at December 30th 2024, VIEW : Velocity Capital using the Kreditkomuniti license had lent out RM330.75 million, Velocity's exposure to the stock market is now at a very dangerous  RM301.026 million (RM287.026 million plus RM14 millon).

THE housing minister should clarify if in the history of Malaysia, has a single Kreditkomuniti license holder given out RM301.026 million to merely to entities to go buy stocks on Bursa Malaysia.

DONT we have stockbroking firms and merchant banks to finance such RM300 million deals? 

WHY is Nga Kor Ming allowing this to take place, doesn't he know,  when shit hits the fan, (and it will eventually) it's the DAP brand name built by Lim Kit Siang which is going to go down the toilet bowl? 

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

IT'S READ: Trump's dirty 15 announcement on Liberation Day   

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.

BUT  this is exactly  READ : what Farhash Wafa Salvador did when he took up margin facilities from Velocity Capital to acquire the MMAG shares.

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.