Tuesday, 11 August 2026

Deceiving Edge: In the eye of the 1 Doc International Bhd Storm.

APART from the three stakeholders of 1 Doc International, whoes reputation have been soiled by the draft prospectus they paid their merchant bank, there is another party tangled in the ever expanding Web.

THE party concerned is theEdge. Recall, their report on July 26 2026, some 30 days after Chin Boon Kent and Ong Hong Keat faced the Malaysian Medical Council disciplinary board on June 26 2026.READ : The Edge Report



THE Edge doesn't want to tell readers what happened at the Medical Council meeting but wants to believe a Singapore based private equity is dumb enough to be interested in 1 Doc Int Bhd .

SHAME the devil, and name the Private equity if such a PE exist!!!!

THE Edge should not pretend to be naive, by making statements such as " 1 Doc met with a global private equity firm based in Singapore to “explore the option of remaining a private company and selling a stake to them”

AND also, why is the edge in double speak mode, stating the (IPO) prospectus was meant to be issued this month, but will be pushed back. The draft prospectus was filed on Jan 14 and updated in May. 

WHY not just tell the truth, I Doc International Bhd Prospectus despite being updated twice, still hasn't been able to reach the next level , of its IPO journey . .ie into a full fledge prospectus.

OFF Course investors will shy away from 1 Doc International Bhd, despite its valuation of under ten times, due to the ESG red flag of its major share holders.

Monday, 10 August 2026

Deceiving Edge :When one bad apple is not enough. How about three bad apples?

THERE is a saying it takes merely one bad apple to spoil the whole lot but in the case of I Doc International Bhd, it seems the search is on to find the good apple to save the lot.

THAT search becomes increasingly hard when you find out the other partners, namely Ong Hong Keat and Chin Boon Keat haven't been renewing  the yearly license to practise as medical doctors in Malaysia.

WHILE no valud reason is given, the document in the prosoectus does point to an impending disciplinary action from the Malaysian medical council. 

Sunday, 9 August 2026

Deceiving Edge : One is a bad mistake, Two is a pattern in criminal behaviour.

WE all know that Nicky Liow Soon Hee  paid RM10 million to basically not stay in the same place where Najib Razak, Malaysia's very popular ex Prime Minister currently resides.

BUT how many of us know how much di Dr joel Yap Jiang Feng pay the Health Ministry  to stay out of jail for a maximum period of 12 years?

PLEASE  refer to page 75 and 76 of the I Doc International Prospectus on SC website), had faced two criminal charges, that were subsequently dropped for setting up illegal clinics.

WHERE is the most reliable place to download I Doc International Bhd Prospectus to cross check if my facts are spot on? Look no further than the Securities Commision Website at  1 doc int prospectus

SO how do I know that the two charges can get you a 12 year stay in Kajang Prison? Well from page 76 of  the prospectus  silly as it is clearly stated ; The charges were in relation to the alleged contravention of Section 4(1) of the Private Healthcare 
Facilities and Services Act 1998 for setting up private medical clinics without being registered under 
Section 27 of the Private Healthcare Facilities and Services Act 1998. These charges were subsequently 
withdrawn on 13 August 2024 and 12 September 2024.

NOW let's ask AI,  specific details on the punishment aspect of the act, which is fine up to RM300,000 and a jail term of up to six years.   

JUST  a reminder, Dr joel Yap Jiang Feng was facing two criminal charges, which means a maximum 12 year term 



Saturday, 8 August 2026

Deceiving Edge : Money for something, a Nicky Liow 2.0 in the making.

THE South China Morning Post, one of the most respected English publications in this side of the World reports that public anger is brewing that gangster Nicky Liow Soon Hee paid RM10 million to avoid a prison term.


MALAYSIANS, should get a lot more worried and much more furious that this type of money for something cases have been a mainstay even before Anwar Ibrahim became Prime Minister.

FURIOUS , because the Health Ministry may have gotten into the act, with little regards for public health safety by entering into this type of money for something deals.

AT the heart of this money for something deal is 1 Doc International Bhd.

Friday, 7 August 2026

Deceiving Edge : An IPO that does not exist but shaped as one living on real time.

TRUST/ confidence are manna for spin doctors to build narratives  to imprison users, with news controlled bu users with a high threshold  of self interest.

TAKE for instancev theedge reporting on the Datuk Madani Sahari money laundering and corruption trail, where Hong Seng Consolidated  Bhd's name was left out while its executive directors name misspelled. READ : Narrative in check , smooth sailing all the way.


THE almost successful  attempt to keep Kenny khow Chuan Wah, a named nominees of Victor Chin Boon Long, seems to have given the Edge a boost in inventing stories into news report which on the surface looks and feels authentic. 



READ :  1 Doc International Bhd’s plan for a September listing on Bursa Malaysia’s Main Market has been delayed. The article goes on to say that some private equity is also keen in taking a stake in 1 Doc International  Bhd.

HOW on earth did the edge come up with this self made story is beyond me.  Some parts of the story are pure fabrication.


BASICALLY,  the I Doc International Bhd  Prospectus hasn't moved into anything concrete , or are even close to the build up to a fully approved Prospectus by Bursa and SC.

YET for reason known only to the editors of the edge, they jumped the gun, in a manner where 1 Doc International Bhd looks respectable while hard facts points to something rotten, maybe from the state of Denmark with a capital S for SINISTER. 







Tuesday, 28 July 2026

Beyond Skin : The Unforgiven.

EVERYBODY deserves, a second, third ..an unlimited amount of opportunities to come good morally, and ethically,  however, the world is such not everyone can be given a free pass.

IF a lawyer, F's up, second chances are a plenty but if a medical doctor were to screw up, I am sorry the buck stops right there.

DOCTOR'S  is the plus factor in recovery , but if greed is placed above the well being of a human being, I am so sorry to say, you shall be UNFORGIVEN.

HAVING two major stakeholders illegally using medicine for commercial advantage is a big red flag. The flag gets much bigger, that these boys are still in it only for the money via their intention as stated in prospectus, to not only sell their shares to selected Bumiputra investors, but also give themselves a bumper dividend up to RM75 million in the event the ipo is on.

THE RM75 million is way above then what I Doc International Bhd earned last year.  

ANOTHER question that keeps ringing a questionable bell is why come out with a draft prospectus before the Malaysian Medical Council have decided on the severity of the punishment that must be imposed on them?

Sunday, 26 July 2026

Beyond Skin : A Question of integrity, the I Doc Int IPO

RECENTLY, there was an article in theEdge which stated that 1 Doc International, might be calling off its IPO, because it wasn't happy with the investment community's valuation.

IN good consciousness, I hope theedge article was written with integrity, because on a purely journalistic view point, there were so many questions on why a sound minded person would wish to part their monies for a minority stake in the company.


CONSIDERING ;

1.JOEL Yap Jiang Feng (pls refer to page 75 and 76 of the I Doc International Prospectus on SC website), had faced two criminal charges, that were subsequently dropped for setting up illegal clinics.

NOW why were these charges were dropped were not stated. Potential investors deserve the rights to know if there charges were dropped because Joel Yap Jiang Feng was not guilty or were they dropped because Joel Yap Jiang Feng had paid a generous fine.

2.ONG Hong Keat and Chin Boon Keat are two men who have not been renewing their annual license to practise medicine for years now, which is very strange if you are in the medical field.

THE answer to these question, is vaguely answered in page 76 of the I Doc International Bhd Prospectus, whereby it is stated : "the Malaysian Medical Council (“MMC”) is holding an
inquiry against Ong Hong Keat and Chin Boon Keat for infamous conduct in a professional respect under Section 29(2)(b) of the Medical Act 1971 for allegedly practicing aesthetic medical practice and/or performing aesthetic medical procedure using laser-based aesthetic device or equivalent on a
client/patient in the premises of One Doc. The MMC has fixed the inquiry against Ong Hong Keat and Chin Boon Keat on 26 June 2026."

WHERE is the most reliable place to download I Doc International Bhd Prospectus  to cross check if my facts are spot on? Look no further than the Securities Commision Website at 1 doc international bhd prospectus

To be Continued : Why these men matters.

Thursday, 23 July 2026

Beyond Skin : Big Bomb in 1 Doc International Bhd goes kaboom.

SILLY me for thinking, the fault lines in 1 Doc International Bhd, was on the directors lack of class, coupled with a shylock attitude of squeezing every penny out, prior to the IPO.

THOSE are mere after thoughts now, when one considers the core reasons why the larger and reputable funds, aren't  even interested in reading the info memo of the prospectus.

ON private equities moving into place to replace a share sale exercise, bankers say, the word on the grapevine is everything is possible but for now  there is no replacement plan.

THE 1Doc International Bhd, IPO looked  problematic and  deeply concerning that there were  no banker, underwriter or even an angel investor , brave enough to underwrite 238,980,000 shares being offered to institutional funds and  Bumiputra Investors.

THERE is apparently,  a reason merchant bankers have decided to take a cold shower .

IT has very minimal business, on the normal risk assiciated with an initial sale. Rather the decision to abstain, has it's roots in shocker ; Criminal Minds and acts by as many as three board members of 1 Doc International  Bhd.

TO BE Continued....


Wednesday, 22 July 2026

Beyond Skin : 1 Doc International Bhd IPO is priced to sell


 1 DOC International Bhd, is not my cup of tea because, apart from wanting to cash out some of the money in the company via a bumper dividend, the major stakeholders seem to be in a hurry to cash out.

CASHING out during the IPO process is normally through shareholders offering their own shares for sale.

CEO Ong Hong Keat, COO Joel Yap Jiang Feng, CLO Chin Boon Keat, and investor Teoh Hui Sim will be selling off a chunk of their shares.


IN total some 238. 98 million shares , account for shareholders cashing out or about 41 per cent of the entire IPO. New shares to be issued are a mere 341.40 million shares.

HISTORICALLY, two-thirds of new listings, with huge offer for sale shares , eventually falls below their offer price, largely because a majority of these companies reported lower net profits post-listing READ : Offer for sale powered IPO, are a bad omen

DATA indicates since 2020, 96 out of 213 IPOs on Bursa Malaysia featured Offer for Sale (OFS) portions making up 30 per cent of total proceeds, have fared poorly.

IN plain English, the I Doc International IPO, is one priced to sell and not perform, banking on the old saying a sucker is born every second.












Tuesday, 21 July 2026

Beyond Skin : 1 Doc International IPO heading for the dogs.

SIR Alex Ferguson , took the words right out of my mouth ; Class is permanent, form is temporary. 

 1 Doc International Bhd, initial public offer, partially managed by Malayan Banking Bhd, may be on form to be a listed entity, but it's directors intentions ; point to a lack of class.

GOING through the draft prospectus of 1 Doc, one cannot escape from feeling that Maybank, the lead underwriter for the Big Caring goliath September bound listing is banking on a a free flow of goodwill from the Big Caring IPO.

THERE is no Creador in the Puchong based 1 Doc, to attract even a sniff of an interest from a serious fund.

NOT having Creador as an investor is a BIG MINUS for 1 DOC, because Creador would have definitely been able to impart some ethical philosophy into I Doc Caring's management team.


This is not a case of the barbarians waiting at the gate, but rather, we have here are vultures demanding the very last piece of meat, knowing fully well by doing so, they will be causing extreme pain for future would be minorities.

THE 1 DOC board, mostly made up of friends have a huge pile of related party transactions, which the company shamelessly admits were nor transacted at on an arms length basis or that it cannot determine if they were transacted on an arms length basis.

THOSE sorry details are on pages 226 to 248 of the company's prospectus, but that's not really the story here.

THE story is about not having class, and 1 Doc doesn't dissapoint on this front, where basically investors are told that the company intends to pay out more than it earned in 2025 to current shareholders in the event the IPO is approved.

``We also intend to pay additional dividends of up to RM75 million in respect of FYE 2025 to the respective shareholders prior to our Listing, using our Group’s internally generated funds," as stated on page 14 of the draft prospectus.

For the record, prior to this FYE2025, 1 Doc has already paid out RM40 million from the profit after tax it earned amounting to RM67.60 million. [Page 13 of draft prospectus].

WILL 1 Doc be as generous as now, if it gets listed on Bursa Malaysia? Well the company has a big CAVEAT , stating it will be at the discretion of the board.

BUT that's not all....wait for the next part.

*IF you require to fast check any of the above figures on 1 Doc's lack of class, READyou can download the prospectus at the SC website.



Sunday, 19 July 2026

Beyond Skin : All that glitters....

MALAYSIA's biggest initial public offer (IPO) this year, will have an aesthetic theme to it, with the potential listing of Big Caring Group Malaysia Bhd.

ABOUT a third owned by private equity firm, Creador, the Big Caring Group, whoes mainstay is its wide network of pharmacies, 626 stores all in all, across the nation .

REPORTED as a landmark IPO, Big Caring, among others also sells health products and vitamins - supplements, vitamins, herbs, as well as beauty and dermatology products - skincare, dermatology cosmetics.

MUCH has been, written on the nearly RM3 billion, Big Caring intends to raise, there is negligible literature, on why the IPO, is a test tube landmark share sale.

TO put matters into perspective, the Big Caring IPO is built on a foundation that requires new investors forking out RM140, for every RM1 earned by the company.

WITH a valuation which stretches towards the RM20 billion point, investors buys the shares will be doing so at a time, when the FTSE Bursa Malaysia KLCI, trades at price to earnings of 17.05 times.

THE broader Malaysian market has a PE of 13.10 times, against a less than flattering backdrop , which has seen Malaysia’s share in the MSCI Emerging Market fall to 1.21 per cent last year from a base of 33.78 per cent in 1988.https://theedgemalaysia.com/node/800874

AS a sector, the aesthetic business have the hallmark of a winner, though the caveats are too bold to ignore; all that glitters isn't gold.


PUBLICLY traded companies listed on Bursa Malaysia, involved in this sector either as pure plays or partial ones, seem to be cursed with the same malice; inconsistency in making a profitable buck.
EVEN in the case of In Nature Bhd, the leading retailer of Body Shop products, consistency is an archilies heel due to challenging retail environments and heavy investments in regional expansion and brand diversification.

SIMPLY Wall Street hits the nail to the coffin with its observation; "Earnings have declined by 19% per year over the past 5 years".https://simplywall.st/stocks/my/retail/klse-innature/innature-berhad-shares

LYC Healthcare Bhd, an operator of confinement centres and aesthetic clinics, appears to be facing significant challenges after years of  losses, crashing it's dream of a Nasdaq listing to much more humble realities.https://www.thestar.com.my/business/business-news/2026/06/13/lyc--from-nasdaq-dreams-to-gn3

At end-May 2025, LYC was classified as a GN3 company, a status that applies to financially distressed ACE Market companies. Based on its filings with the stock exchange, LYC has about four months to submit its regularisation plan.

TO make matters worst,Messrs Crowe Malaysia PLT quit as auditors over a dispute on how much it's services should be priced at.https://theedgemalaysia.com/node/794520

.


Tuesday, 14 July 2026

Beyond Skin : Boom Time In Malaysia.

MALAYSIA's aesthetic sector is booming, with its Medical Aesthetics Market expected to top US$732.52 by 2032, growing at a projectef and CAGR of 12.66% from 2025 to 2032.

IN 2024, sales had reached USD 282.70 million, market researcher Data Bridge said in a report. https://www.databridgemarketresearch.com/nucleus/malaysia-medical-aesthetics-market.


THE irony though is that, we could have grown much more, then what has been achived if policy makers had taken the aesthetic sector much more seriously.

ONLY last month, did Malaysia get its act together by making it compulsary aesthetic technologies that once operated in a gray area now face rigorous pre-market authorization.

The Medical Device (Designated Medical Devices) Order 2026 (established under Section 26 of the Medical Device Act 2012 (Act 737), catogorise several devices popular in cosmetic and wellness industries are now strictly classified as regulated medical items which requires the ministry apprroval to be brought into the country.

AMONG them are : Medical Laser Systems: Alexandrite, Diode, Erbium YAG, Fractional CO₂, Nd:YAG, Pulse-Dye, and Ruby lasers.High-Intensity Focused Ultrasound (HIFU): Systems used primarily for non-invasive skin tightening and facial lifting.Liposuction Devices: Equipment used for surgical body contouring and fat removal.
THESE though are mere baby steps, as much more needs to fast tracked, if we are to make that one giant leap into the orbit of the likes of Brasil and Turkey.

BOTH are super powers in aesthetic/medical tourism. Countries such as South Korea, Taiwan and Thailand has sough to weaponise their domestic aesthetic sector into pillars of economic diplomacy.

SOUTH Korea with glowmad brand, supported by state subsidiesed infrastructure and specialised visa regime while Thailand has been betting big with its healing is the new luxury campaign.https://www.tatnews.org/2026/03/thailand-redefines-health-and-wellness-tourism-through-healing-is-the-new-luxury-experiences/
HENCE, its a no brainer that these two nations are head and shoulders ahead of Malaysia in aesthetic health tourism, coming in at 4th and 5th place on the global stage.

MALAYSIA makes the top ten, by sneaking in at number nine .https://www.essos.com/blog/top-10-countries-for-affordable-and-safe-medical-tourism-in-2025-complete-rankings-for-hair-transplants-rhinoplasty-more

.










Friday, 26 June 2026

State of the nation : Internet Fame & Moral failure.

THERE are very few crimes on the face of this earth which is equivalent to war crimes and genocide.

AMONG them is the crime of human trafficking.  In the 1980's one would have been fried by the public if one would hypothetically sit down with Adolf Hitler for a friendly debate.


IN  more recent times, that I'll gotten  dishonour has fallen to Benjamin Netanyahu.

SO imagine,  how today in present day Malaysia, we seem to be putting out the red carpet to those who have not cleared their name of being a human trafficker?

ALBERT Tei might be funny, he might even be cute to some, but those attributes doesn't give him a free pass from being involved in human trafficking.  READ : On July 1, 2019, Albert Tei was granted a discharge not amounting to an acquittal (DNAA) by the Semenyih Sessions Court but the survivors say, they too traumatised to ever return to Malaysia

EVERYONE deserves more than a second chance but opportunities can only be given when there is remorse. Albert Tei had never offered remorse to his victims

DON'T  get me wrong. I am not here to smash Albert Tei, but merely to pin point out that the new chief of JKOM (Jabatan Komunikasi Komuniti)  has lost his moral fiber for READ: initiating the possibility of having a debate with Albert Tei.




Friday, 19 June 2026

State of the Nation : The Great Up Date.

YOU can't teach an old dog new tricks, hit the G spot this week , when the MACC top men's great up date, hit a home run on the hollow charts.

THE easiest , definition of hollow is an empty space while on abstract terms it refers to something lacking substance.

Abdul Halim Aman's presser, begins with an excuse  READ :  that it has been a steep learning curve for the 69 year old.

PARDON me for being ignorant,  as I had the impression  that at this level, we are not going to sit across the fire and dish out some of meanest version of kumbaya.

WE aren't even half way yet to rock bottom and I am reminded by Google's Artificial Intelligence  on why Asset Declaration are deemed as toothless political gimmick by the people born in this century.

THE AI mockingly harps on how cryptocurrency blindspots will be having a field day with asset declarations.

SHOULD those declarations not be assessable to the public for scrutiny, should definitely place it on the year end bucket list for 2026 biggest waste of time.

MIND you the MACC is silent if the assest declarations are limited to those serving in the agency or does it include spouse, girlfriends, mistress and children and their partners too.?

Friday, 12 June 2026

State of the Nation : The Tanco barbarian at the gate

SHORT of an intervention from  providence, Tanco Holdings shares, come Monday will go down with a billion shares already standing at the gate. 

RETAILERS got burnt at levels , we should be alert on the possibilities of a suicide solution due to too heavy losses. 

BUT for once the biggest lovers are the bankers who are holding on to pledge shares by the major stakeholders. 

THE affected bankers are ; 
1 AFFIN HUANG
2 APEX securities
3 CGS sec
4 MERCSEC
5 MAYBANK SEC
6 ALLIANCE SEC
7 HSBC SEC
8 TA SEC
9 KENANGA SEC


Saturday, 6 June 2026

State of the Nation : No More I Love You's

A full blown bromance between Housing Minister David Nga Kor Ming and Francis Leong Seng Wui, have shaken the Madani Government to its core .



THE bromance ,had monolistic tendencies , that allowed Francis Leong Seng Wui a seat as executive director in three Kreditkomuniti entities, as well as a plan to rehabilitate Revenue Group Bhd's broken reputation.


NGA Kor Ming,  eventually got cold feet, due to the pressure placed on yours truly,  but sadly though, the senior partner  in the Pakatan Harapan  venture , failed to read the tea leafs.


OF course some 848 days ago, or to be exact 28 months ago, not many people knew ,about the short wanker named Leong Seng Wui , but I did, and so did Nga Kor Ming.

 NGA Kor Ming these days is afraid to speak about Kreditkomuniti,  because he knows that the evidence trail is too thick to be erased.

ANWAR Ibrahim though, can still come out as the apex winner .  The Prime Minister should start with Francis Leong Seng Wui....


 



.

Wednesday, 27 May 2026

WiseGuy inside The Corporate Mafia : Malaysia's Capital Market Requlator is a minnion.

From the top man  and below, there is something very damning about the Securities Commission. 

Fittingly, the SC is stuck with the wisdom of old ; ``He who turns his ear from hearing the law, even his prayer is an abomination``

AZIZI Othman sows praise on the SC, only to further down the path to expose the SC minnion like submission. READ :SC has sophisticated technical capabilities comparable to international standards.

YET it's lack of a moral fiber, allowed the 1MDB  robbery to go unchallenged despite numerous securities laws being breached .

IF 1MDB was the exception,  the SC today would still be respected, but unfortunately it was the norm for the minnion disguised as a regulator.

DONT even have to jump on the Corporate Mafia saga, to see that the SC , has always been infamous  for paltry fines, in action and a lack of credibility. READ : Delloite's serious RM2.4 billion breach, met by RM2.2 million fine and no criminal action against the signing partner.

 SC, regardless on who the executive chairman is, a minnion thar is more than , happy to be subservient  to market  based syndicates.

KENNETH  Vun Yun Liun pushed DVM Bhd shares n in market cap, was fined about 10 per cent of the value, while John Soh Chee Wen's RM500 million drama, settled with a RM6 million fine.

STILL it did not end well for John Soh, who may have convinced himself that the stars were shinning on him again, following the SC bending backwards to accommodate John Soh's return to the high life.

JOHN Soh , then did what he did often in Malaysia,  in Singapore, which was instantly met with island requlator promptly sending out a Fxxk Around and Find Out notice to the tycoon.

INTERESTINGLY,  seven years latter, Kenneth Vun Yun Liun, exposed the SC  for what it is ; a minnion with no zeal for action.

THE Edge,  must have been at its dark humour best,  by describing the 2020 meltdown  in KL ,  being stirred by hidden hands.

THOSE hands belong to READ : Kenneth Vun Yun Liun, with nine companies with strange trades operating from the Sabahan's Menara Lien Hoe office.

AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya.

WAS Kenneth Vun Yun Liun  ever charged? NO he was not but the journalist who broke the story, would have ended up in jail if the Attorney General's office had its way, some would say.

ULTIMATELY  if the SC was not fixed lovingly to its preferred role as the minnion moonlighting as a requlator with dignity and integrity had delivered on the role it's being paid  to do, Kenneth  Vun Yun Liun , would be in jail today and there would be no need for a witch hunt on  journalist.

 




Saturday, 16 May 2026

State of the Nation : Too much fat @ Securities Commission

MALAYSIA has done a great disservice to her self in maintaining  Mohammad Faiz Azmi, as Securities Commission chairman.

IN a month, in which non medical related obese people are in the limelight, following Johan Ghazali's I do not like fat people confession on Tik Tok, the SC chairman has don't nothing to break the hand in glove assumption;  fat people equals to incompetence..



Mohammad Faizi Azmi, has fits the box to be the poster boy,  for the bad fat vibes in our way..

THE man intentionally or orherwise, has lost the plot on. how a competent. Securities Commission operates.  The SC role is to boss companies into good governance if. need be .

IT is not here to artificially makes companies look good by hiding the fowl dung in some secret chambers.

I don't expect the SC chairman to leave. In competent people rarely do

Friday, 1 May 2026

State of the Nation : Press Freedom

WANT to know the level of press freedom  we have? Well it's not in the ranking we are at but rather in the colour code we have been stuck in for the past two decades.


AS you can see we have always been stuck just one level below the worst category of very serious.

OUR environment has been stuck for decades at DIFFICULT.  

THEREFORE it really doesn't matter if we are 16 rungs up or 9 rungs down,  because the environment is still categorised as being difficult. 




Thursday, 23 April 2026

WiseGuy inside The Corporate Mafia : SC chairman making an idiot of himself.

MOHAMMAD  Faiz Azmi, the executive chairman of the Securities Commission, despite being overweight, has been digging diligently his own grave.

BY opening his mouth, Mohammad  Faiz Azmi, hasn't impressed with his intelligence but  has brought  attention to his incompetence. READ :SC cannot act on allegations if they fall outside securities laws.

FAIR statement.. But then again, why haven't you act when the Revenue Group directors Francis Leong Seng Wui and Teh Chee Hoe committed fraud? 

FRAUD because,  the directors showed a very tight Kreditkomuniti ship to shareholders on August 2025, to gain approval for a script exercise intended to raise as much as RM193 million. ViEWRevenue Group's August 2025 proposal to shareholders

LOOK at Revenue Harvest VIEW : money lending management as at June 30 2025, where for a RM8 million loans,  the collateral is RM33 million and for a RM18 million loan, collateral is also at a fat RM33 million.

NOW,  compare this to three months latter, for the period ending Dec 31 2025, VIEW :where for a RM15 million and RM20 million loan, collateral is at RM1.6 million and RM1.8 mil.

ALSO why didn't the sc charge Victor Chin Boon Long for advising and investing for third parties without a license considering the man himself admitted in court in 2024 of doing so.?



F

Friday, 3 April 2026

State of the Nation : Regulators Have Failed US.

HAS Andy Lim Kok Han been charged yet in a court of Law ? NO he hasn't. 

HAS any of the businessmen involved in Tedy Teow Wooi Huat  of MBI seen jail time? The answer is again no.

CONTRARY to what regulators,  would want us to believe the RM6.65 billion seized from the businessmen, is actually a massive failure. 


LIKEWISE in the Corporate Mafia case, the cornerstone  puzzle,  sticks out like a sore thumb on why regulators have failed us.

THE most important jigsaw to the Corporate Mafia puzzle is MONEY, followed by how that money is moved around. 

MONEY was and still is being moved by using Kreditkomuniti companies. According to the minister in charge, Nga Kor Ming there are certain requirements,  one must fulfill in order to be involved in this sector.


SO how come so many people of questionable ethics managed to get cleared by the police and why is the ministry not following its own guidelines with regards  to the MACC Act 2009?

IF the ACT is followed to the teeth, there is no way  Kenny Khow Chuan Wah would be allowed in the industry . BUT he is there sitting in Revenue Group, a Kreditkomuniti  company.

DO note Kenny Khow Chuan Wah is the person who bribed Madani Shari. 

TEH Chee Hoe due to his interest in READ : in Dream Cruiser Sdn Bhd, which is being investigated by MACC since 2023should also not be allowed in  a Kreditkomuniti company .

YET he is there  in Revenue Group.. 


WHILE Bursa Malaysia apart from not questioning Revenue Group on who converted up to RM45 million in cash to its coffers by overpaying for Revenue warrants intentionally,  or on why Francis Leong Seng Wooi was detained, or even how Revenue's kreditkomuniti loans started getting weird,  upon getting approval to raise RM195 million,  thinks that it is in the best interest of everyone that more time is given for Revenue to raise the money.

BURSA Malaysia has not only failed us, but from what I hear,  it has intentionally set out to fail the Prime Minister.





Sunday, 29 March 2026

State of the Nation :The Hidden Hand to Rock Malaysia like a hurricane

ON February 7th 2026, before Bloomberg and the Corporate Mafia became household names,  the was a way what is now water under the bridge, could have been minimised.


THE whole nation knows nothing was done, but what's coming next week, will definitely rock Malaysia like a hurricane. 

ITS definitely bigger, than Bloomberg's opening slave, and right at the centre of it is Eddie Ng Chee Siong.

EDDIE Ng Chee Siong's days as an Agent Provocateur for the MACC is about to be blown to smithereens. 

THE Malaysian Anti-Corruption Commission (MACC) Act 2009 permits the use of agents provocateurs—informants or undercover officers who induce others to commit a crime—under Section 52, stating their evidence is not presumed unworthy merely due to their involvement. 

IT does not end at Revenue Group, but merely starts at Revenue Group, with a path leading to Green Packet Bhd.

A path , not potential based but heavy factuals , ready to take Victor Chin Boon Long and Francis Leong Seng Wui to dark corners,  paved with we know what you did for so many summers.

IN a game of chess, one must protect optimus prime. In the Malaysian context that will be the Prime Minister.

NO one is suggesting to bend the law. The best outcome is to follow the law with out fear or favour.

ANWAR Ibrahim has done a tremendous  job for Malaysia. 

Therefore this much I can tell you, we wont let the Prime Minister down, as for the rest, the future is in your own hands.





Wednesday, 25 March 2026

WiseGuy inside The Corporate Mafia : the story of Victor Chin Boon Long

THE home minister claim READ : the authorities are aware of the whereabouts of Victor Chin Boon Long.

MALAYSIANS should respond with a SO WHAT?

I believe more than 20 million Malaysians will want to know why was Victor Chin Boon Long  allowed to fly off from KLIA in the early days of January 2026?

AND if that incident  had prompted with the transfer of some very senior police officials on January 6th 2026.


Saturday, 14 March 2026

State of the Nation : In Someone else land.

TWO of the most crucial pieces,  that could put an end to the Corporate Mafia, as well as end  the careers and pensions of crooked officers, were detained for investigation on being involved in money laundering activities.

BY right since Victor Chin Boon Long, and his minion Francis Leong Seng Wui, were being questioned under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, there is enough provisions within Federal law frame to hold both of them, even before formal charges.

THE Prevention of Crime Act 1959 (POCA) in Malaysia is a preventive law aimed at combating organized crime, secret societies, and terrorism by allowing police to detain suspects without trial for up to 60 days.

YET  both men, were allowed to go home, one after 48 hours, while the other, Francis Leong Seng Wui, the short minion, after  14 day Hilton style stay with the loveable policemen.

TODAY, both men are in someone else land,  where Malaysian law has no jurisdiction, is not the worst part of the story.

EITHER  we believe in fairy tales, and cats with nine lives, or make a logical  assumption, in the critical days, when they were still in Malaysia,  inside information was being provided.

TEH Chee Hoe, a director  at Revenue Group had advance knowledge of the police raid at Revenue's office in search of documents related to Hong Seng Consolidated.  Those  suddenly vanished. 

AND look at Victor Chin's just in time moves, where even his exist from MMAG was timed so if cannot be charged for providing the exchange false information. 

ARE people in SC and Bursa Malaysia at the highest level minions to Victor Chin Boon Long?

YOU tell me, which exchange apart from Bursa Malaysia will within six days allow Revenue Group's corporate exercise to raise RM195 million a six months extension?

ESPECIALLY  since the executive director , now ex director Francis Leong Seng Wui, has quit and can't be found. The debt level of the Kreditkomuniti owned by Revenue Group,  had changed for the worst,  pre and post shareholder approval that it no longer looks like the same company.

ADD the following, Revenue Group's lictriture on credit controls in submission documents to regulators and minority shareholders now look like pre meditated lies, considering Revenue Group's auditors have qualified their account.

AND the main shareholder to who is offering to take up the rights placement , has gone missing after being told,  he is a suspect in Malaysia's biggest in-house money laundering investigation.



Thursday, 12 March 2026

WiseGuy inside The Corporate Mafia : Revenue Group Bhd in the eye of a STR storm.

ALL three leading figures associated with Revenue Group Bhd, either as substantial shareholders or as executive directors are atbthe centre of multiple probes.

THE  company itself has been flagged heavily on suspicious transaction reports  by Hong Leong Bank to the Central Bank multiple times since October last year.


NEWLY minted executive director the old boy  from La Salle, Klang, Kenny Khow Chuan Wah is being probed for his actions at Hong Seng Consolidated Bhd and MMAG Bhd. 

WHILE  the probe on Francis Leong Seng Wui involves his activities in five public listed companies  as well  as in the privately held Granstead Sdn Bhd.

GRANSTEAD, a Kreditkomuniti  company from Petaling Jaya is run by Lim Siew Ping,  whoes mother/aunty is a seasoned corporate player, Madam Lim Siew Eng.

BOTH Lim Siew Ping, a former director at MMAG Bhd, a former major shareholder of Hong Seng Consolidated Bhd and Francis Leong Seng Wui were previously simultaneously arrested by the Police.

THE investigations on  Teh Chee Hoe is far more damaging , involving in tampering with evidence, instructions to hide documents regarding Hong Seng Consolidated Bhd before Revenue Group office was raided as well as in organised crime.

Friday, 6 March 2026

State of the Nation : Chin Chai

CHIN Chai , is the Hokkien/TeoChew speaking people major contribution to the Tamil, Malay and English language as spoken by one Malaysian to another.

CHIN chai as an expression reflects on a carefree attitude, a paradox attitude seeded by external validation.


IN a world, where Narcissism exists on a continuum, with one in every six human being having narcissistic tendencies, Chin Chai is a very dangerous  attitude to pocess.

I for one, half though that James  Chai Jin Shern full name is James Chin Chai, and the lad was a wide eyed 20 something. I believe, have similar thoughts  about the  lads age.

AFTER a deep dive, I can safely say that James Chai Jin Shern, who currently moonlights for CNA is  in his late 30's or early 40's.

NOT old, nor young but  too old not to have the moral and ethical fiber of not  joining Arm Holdings plc.

BUT for a guy at that age group to do so, right upon quiting his job at Rafizi Ramli's Economic Ministry and then from Arm to Cambridge  University 's ERA AI is nothing short of suicidal. 

IT is not for nothing,  collectively Arm and the university , are both based in Cambridge City and are commonly referred to as the "Cambridge Phenomenon".

THE financial links between them are telling too, hence, even if the reasons why James Chai Jin Shern finds himself in the spotlight are childish, basic logic dictates, there is a basis to probe.

UNIVERSAL validation like the one appearing on READ The Coverage, would want us to believe on fairy tales such as a man driving a RM12,000 Proton Saga, is a man  beyond reproach.

BULLOCKS, with two toppings ; one for believing a 12k Proton Saga is hard evidence, that a guy who finished top of his class in Cambridge  in 2016, besides the first class degree, hasn't made a great lapse of judgement of joining Arm and now Cambridge.

BULLOCKS the second time around, for every individual in Malaysia, who want Azam Baki stripped of his power as MACC  chief, in order to take away his dignity  at a latter date, but saw nothing wrong in the June 2025, retired inspector general of police, Razarudin Husain joining Classita Bhd on August 11 2025.

THATS just two months into his retirement and less than six days, after a company in which, Victor Chin Boon Long was the chief operating office emerged as the controlling stake holder in Classita.

THE obvious  close one eye Chin chai attitude is too evident, that is on a scale of its own, one that is beyond  deafening , it vibrates.











Friday, 27 February 2026

State of the Nation: Mafia Torn

THE country won't go down just because Bloomberg highlighted that within the Malaysian Anti Corruption Agency, there is a section that is rotten.

NEITHER will the Government fall, because Bloomberg wrote an article, which no one todate have come out  proved its allegations against section D of MACC is wrong.


HOW do I know, the government can't be brought down by this article? Because , we have had worst, and precedents prove, Government's can't be brought down on that call.

FIVE years ago, the inspector general of police Hamid Bador said READ :Mafia' able to 'buy and control' the reins of PDRM.

CAN we fault the public who are convinced that indeed a very strong nexus exist, when the retired deputy IGP joined Classita Bhd , the retired Perak Police chief joined Classita and the just retired IGP also joined Classita  at different times?


IN retrospect, why has there been a lack of action? Is it because we are dealing with super rich people?

PEOPLE without a gun, but those with mere bullets have been punished with very heavy sentences.

THERE is a moral failure among politicians, resulting in no longer every  Malaysian is treated the same.

DISCRIMINATION  it seems is not race nor religious based, but very much on how much ringgit power one pocess.

WHICH is why Vincent Tan's son is free, Lim Kok Han is free,and not much have been heard about Ismail Sabri's drug case.

WE can debate on  existence of Corporate Mafia, Chinatown  Mafia,  because one thing is clear, a Mafia that is cruel to poor people exist in Malaysia, with no Robin Hood to slate in as the Equaliser 











Wednesday, 25 February 2026

WiseGuy inside The Corporate Mafia : Anwar Ibrahim's Night of Long Knives

TO put it mildly,  the Prime Minister has acted swiftly to restore some confidence in the under pressure Malaysian Anti Corruption  Agency (MACC).



WAN Shaharuddin Wan Ladin, was sent back packing to the Attorney General's office,  in what officially is being described as a routine transfer.

THERE is nothing routine in this transfer, considering Wan Shaharuddin Wan Ladin's track record in high profile MACC cases where those prosecuted had alleged they were intimidated. 

CASE in point is the case involving Giib Holdings Bhd where READ : the court threw out the case in 2023 and by 2024, MACC dropped all charges.

THE case involving the Revenue Brothers, also took a strange twist, when Revenue Group Bhd itself pulled from all the civil court cases against  the brothers, just days before the MACC key witness , the former managing of Revenue Group, Eddie Ng Chee Siong crumbled.

EDDIE Ng Chee Siong's answers in the MACC initiated criminal case was so unsatisfactory, that even the judge called for a time out, and asked the MACC prosecuting team to consider if they really wanted to  proceed.


Thursday, 12 February 2026

WiseGuy inside The Corporate Mafia : The Corporate Mafia's Secret Army.

SUDDENLY,  the Prime Minister is being made out to look like a friendly ally of Victor Chin Boon Long.



NOW that the highest court in the land, READ : has sent Isa Samad to jail, they have jumped to the next best thing.

IMPLICATE, the MACC chief,  Azam Baki ,  link him with Lim Kok Han  better known as Teleng and drag the Prime Minister into shit.

I can tell you off hand, neither Azam Baki or the Anwar Ibrahim are guilty as they are being made out to be.

WHAT if I tell you, there is somebody higher up and more powerful than Azam Baki also has shares in a same company with Teleng, and to juice it up further,  one of Innov8tif  Solution shareholders is also a shareholder.

WHAT many people fail to realise, the Corporate Mafia only emerged as a force when Perikatan Nasional came to power.

 THERE  are three PN cabinet members who are close to Victor Chin Boon Long's  group, specifically Hamzah Zainuddin,  Ismail Sabri and Khairy Jamaluddin. 

NOW  coming back, to the shareholding stuff, why dont everyone go and have a look at Computer Forms Bhd 2022 annual reports shareholders list.






Friday, 6 February 2026

State of the Nation: The Case No One Wants to Investigate.

IF this was another country in the modern world, where the citizens and lawmakers alike will leave no stone unturned to find the truth, expose hidden cartels, then I guarantee  you, this case would merit a Royal Commission of Inquiry (RCI).

THE  RCI  in Malaysia is the highest-level, independent fact-finding body appointed by the Yang di-Pertuan Agong under the Commissions of Enquiry Act 1950 to investigate matters of significant public importance.


THE  matter that should be the centre of investigation is to what extent senior civil servants have  been compromised, due to their dealings with the group led by Victor Chin Boon Long, commonly known as the Corporate Mafia.

A check on past and present filings to Bursa Malaysia,  on companies said to be under the control of the Victor Chin Boon Long group would reveal the following.

 COMPANIES such as Revenue Group Bhd, Nexg Bina Bhd, Hong Seng Consolidated Bhd, MMAG Bhd, Velocity Capital Partners Bhd and Ingenieur Gudang Berhad, has had some very very senior ex public officials joining these companies.

WHICH is fine and dandy, until you find out the colleagues of these very senior civil servants, who were still in the civil service  was effectively being under the payroll of the Corporate Mafia.

CASE in point, is the fact that Hong Seng Consolidated Bhd's Finance Director had paid a RM 5 million bribe to Mohamad Madani Sahari, the CEO of Malaysia Automotive Robotics and IoT Institute (MARii).




IS this just a coincidence or a grooming process ? 

WE won't know until there is a full blown investigation. 




Monday, 2 February 2026

The Prime Minister Is Not Happy.

WHEN ,  the sitting Prime Minister of Malaysia is not happy with your work rate, ethics , and overall performance, he will definitely let you know.

NOT in a private setting, nor will the Prime Minister, waste his time, advising or attempt to motivate,  what in all intent and purpose is a waste wall disguised as a the chairman and CEO of Bursa Malaysia.


THE second Finance Minister's  statement  at Bursa Malaysia function  last month READ: the focus should be on quality and not quantity, was never a spur of a moment thingy..

IT was intense to be a wake up call but judging  by the Bursa Malaysia CEO' Fad'l Mohamed  attitude  that the  READ : numbers remain important, is set for showdown , that ends with a new chairman and ceo.

THE current ones, despite being grown man, are not the slightest bid embarrassed,  that the Prime Minister has to do their jobs because apparently chairman and ceo  end up staining there pants, all the time as they still dont know how to piss straight 

Monday, 26 January 2026

WiseGuy inside The Corporate Mafia : The Replacement Book Cooker Has Arrived

TWENTY 23 months after I had raised very  serious cncerns about the audit firm Cheng & Co,  the Securities Commission took the least
serious charge on the table to cold storage the audit firm. 


EFFCTIVELY , dirty hands had managed to shield a deeper investigation, on audit partners playing  ball to create an Enron Corp like  false market.

THE following are the two two reports , I had return some 23 months before the curtain came down on ChengCo.



THEY say birds of a feather stick together, hence it comes as no surprise that Kenneth Vun Yun Liun, Victor Chin Boon Long and  Chong Loong Men  has had the same bright idea to  appoint a lightweight, smallish auditor SBY Partners PLT, as their new external auditor of choice 




Saturday, 17 January 2026

STATE of the Nation ; Don't tell me you are the devil's child

SHOULD we give a damn on  George Galloway's opinion about the detention of Rex Tan, the Free Malaysia Today journalist?


FOR one , the wanker is not a citizen of Malaysia , and also, the guy himself has a past,  that READfit the word dodgy with a Capital D.

SHOULD Rex Tan, have been detained? Absolutely,  and much more to especially  to test his IQ and on his sanity.

REX Tan is a just a gullible , not very intelligent pawn, while the devil's child do what only their father does so well.

BE a hypocrite. UMNO Youth leader, Akmal Saleh,  has been silent and his silence this time is so unwelcomed, yet welcomed. 

MANY including myself would have been might pleased if Akmal Saleh showed up daily to wish Rex Tan a good morning .

BUT Akmal Saleh  didn't show up and by being silent..he proven , that the wanker is no warrior.

HE is just a bully who understands that, dragging Free Malaysia Today to the trenches comes with a big risk, which could cripple his political ambitions.

TO sum it up, mr big loud mouth is too chicken to piss off the Free Malaysia Today owner.

JOHARI Abdul Ghani with a little help from Syed Mokthar are the people behind Free Malaysia Today.

SOMEBODY should do the decent think. Don't just allow Rex Tan to fall...chop off the head of the Chinaman running Free Malaysia Today too.


Friday, 9 January 2026

State of the Nation: Double Standards

WE  are a nation recklessly  moving closer to lawlessness because of our love of double standards and the closing of one eye.

DOUBLE standards implies that two things which are the same are measured by different standards.

JUST look at how READ : Zahid Hamidi's case has always been treated. One would assume, Malaysians really want to see this man go to jail.

ESPECIALLY,  when one considers the sound bites on the case of Ismail Sabri, the ninth Prime Minister of Malaysia, READ :has been totally non existent.

NEVERMIND, that more than RM100 million in cash and gold bars were found, yet not a single push to have Ismail Sabri put in jail or even resign as a member of Parliament.


WHY is that so?  because we like Ismail Sabri's face and hate Zahid Hamidi's guts?

THE same goes in how we judge the actions of directors. At the public listed level,  we give directors an easy ride by placing barriers such as non related party clauses due to the number of shares held and so on.

BUT for non listed companies, directors who have taken the same actions as their listed counter parts could actually  face action under Act 574 of the Malaysian Penal Code, which is basically boils down to criminal breach of trust.

LAW makers  and their enforcers,  should drop the double standards, because the actions of a listed entity should only be constrained to that of its holding company and not to its subsidiaries. 


Wednesday, 7 January 2026

WiseGuy inside The Corporate Mafia : Bursa Malaysia, the dishonest broker .

THERE is nothing in the Companies Act, which forbids an executive director from resiging from his post, as soon as the company wins shareholders approval for a rights issue exercise.

IN Revenue Group  Bhd's case, Francis  Seng Wui can still meet all his commitments to the rights issue, as he still remains a substantial shareholder.


HENCE it is extremely odd for Bursa Malaysia to give READ :REVENUE Group Bhd a six month extension on the rights issue.

WHY is it odd, one may ask? Well since the exchange has been so fast in giving the six month extension to Revenue Group Bhd, isn't the exchange delirious in wanting  to know, for its sake and also for the sake of minority shareholders what were the exact reasons Francis Leong Seng Wui had shockingly quit as executive director? 

THE reason given by Leong Seng Wui, VIEW : due to other personal commitments, is obviously not good enough, because he quitting as executive director seems to have a direct co relation to Revenue Group's  rights issue going haywire.

WHY is Bursa Malaysia, not acting as an honest broker? Why is Bursa Malaysia giving Francis Leong Seng Wui a free pass, to make market regulators look like monkey, and at the same time withhold crucial information to minority shareholders. 

BURSA Malaysia has so far refused to question Revenue Group, if indeed Francis Leong Seng Wui was detained for more than a week by the Police and under what circumstances. 

THE exchange is playing with fire with regards to its own reputation, and it's chairman a disgrace for allowing the exchange's reputation to sink so LOW. 



Friday, 2 January 2026

State of the Nation: Ayah Cik

MANY moons ago, a very young Ayah Cik, following a syura concensus reached by ABIM, was weeded into PAS, while the ABIM president himself got into the back seat of UMNO.

ADD, Anwar as an UMNO newbie, uses his then minnion READ : Hamzah Zainuddin to orchestra Hadi Awang',s stunning loss in his Marang stronghold.

AFTER  which, in confidence breaking move, READ : gets Hadi elected as Deputy President of the World Muslim Ulama Union.

HADI Awang is definitely eyeing the Prime Ministership, and has no intention of allowing Ahmad Samsuri Mokhtar, the Terengganu Menteri Besar , of finally getting back at Anwar Ibrahim.

HOW do I know? Well let's say, before Albert Tei, there was Hadi Awang but on fortunately  for him, no one took up on his offer to cook up hell fire in the state.

CAN Hadi Awang succeed with the help of a UMNO Youth head, Akmal Saleh, who in real time is seeing his political live going into the history books for all the wrong reasons, namely no Federal Cabinet position and his view being totally binned by party president Zahid Hamidi.

AKMAL is desperate to save his own future into something more meaningful, having played the role of the good cop and the bad cop, with neither roles providing enough currency to jump into the next level.



ZAHID Hamidi,  knows the score but has allowed Akmal Saleh to showcase to the world, that in order for him to climb up the ladder of life he is willing to sacrifice UMNO's dignity.

MUAFAKAT Nasional under the current circumstances,  especially  after how PAS treated Muhyiddin Yassin and Bersatu, is something only a person who does not have the best interest of UMNO will pursue.

IN 2019, UMNO had 54 parliament seats or 300 per cent more than the 18 held by PAS, meaning  everybody knew who calls the shots and who is the boss. 

WHY should UMNO risk a cosy life now and then pray they won't be degraded like Muhyiddin Yassin...a pray too far off to succeed considering PAS have walked away from a every political party in West Malaysia who is a somebody?

PAS days are numbered. They won big in GE 15, using the Perikatan Nasional logo. That logo is worthless without Muhyiddin Yassin. 

CONSIDERING, the nation's self proclaimed ABAH has been called a common theif,  lustful for money,  the reading on the wall is the eight Prime Minister of Malaysia will finally have a button to press on, that is going to rip PAS  from the ground,  grinding to a halt the march to Putrajaya.