WiseGuy inside The Corporate Mafia : A Question of Time.

ANTHONY Loke took the blame, for DAP having its gut ripped from bottom to up in the land beneath the wind.

BUT, everyone who is someone in Malaysian politics,  knows who actually had failed DAP miserably in Sabah.

ITs the man in waiting, as the incoming  secretary general of the DAP, Nga Kor Ming, who as housing minister was parked in the state to the very end.

THIS has basically weakened Nga Kor Min, who must act now, before the general public places one and one together, fill in the blanks and figure out, what has been happening to the KreditKomuniti sector under him.

TOO many companies for example Green Packet Bhd, Revenue Group Bhd and even MMAG Holdings Bhd want to make money lending as their core business. 

WHEN times were good, I am sure Anwar Ibrahim won't bother poking his nose into Nga Kor Ming"s business. Times though are not good.. questions eventually will come up on why the same set of people are being given the license.

NGA Kor Ming, should  use some of his Christian wisdom by pulling out Revenue Group's Kredit Komuniti license.

REVENUE Group is trading at its lowest level in history at 0.05 sen, which ironically is some 37.5 per cent lower than its plan to raise RM194 million,  by issuing fresh shares at 0.08 sen a share.

FOR Nga Kor  Ming  the choice is very straight forward...pull the plug out, and allow nature to deal with Francis Leong Seng Wui and Revenue Group, or  its going to be one heck of a hobson"s choice..

 

State of the Nation : Mr MySejahtera's liaison

PRIME Minister Anwar Ibrahim, will put himself is in a very precarious situation, if he allows the gigantic online and offline media to dictate the narrative on how his vision of Malaysia should be shaped.

ONLINE , the message is crystal clear ; go slow of taxing the masses,  get some of the low hanging fruits, which according READ : according to Rafizi Ramli , is giving Azam Baki the boot as chairman of MACC.

AND then of course, given Khairy Jamaluddin's high level of visibility,  the on line support build up for the DJ, to see an end to his forced exile and rehabilitation to mainstream politics, via a fresh cabinet appointment .

ANWAR Ibrahim is actually  in a very envious position now, as very few people in this planet are allowed the liberty of shaping the legacy.

THE Prime Minister must choose if he once to be remembered someday as a leader of Malaysia or as the man who become the nation's stateman in a shorter period and in the lifetime of Tun Dr Mahathir.

AS a statesman, the Prime Minister, should ignore the calls to go slow on the tax, and go heavy on why , it is needed now for the rebuilding and reshaping of Malaysia.

IF,  you build it they will come, Mr Prime Minister. And yes, since time is of essence and money too is important, go NUCLEAR on the LOW HANGING FRUITS.

MAINTAIN Azam Baki, where he is needed as the MACC boss. The low fruits in Putrajaya"s garden of EDEN are so low, ripe and juicy, EVEN a blind man can spot it.

REMOVE the ridiculous approved permits for automobiles and automobiles immediately, kill the rice monopoly too immd8 and come up with a 36 month game plan to make highways toll free.

IF the nation needs money, tax the people more but in return give us a high quality from the cradle to the grave high quality but low capped universal healthcare and allowance basef housing options.

READ : Housing allowance in Sweden

READ : Aliran 2016 : A Game Plan to Make Malaysia, the envy of Asia, the greatest in the continent ; follow the Swedish Doctrine

AND now for  Mister MySejahtera,  Khairy Jamaluddin. There are two reasons why the Prime Minister, should not even entertain the thought of Khairy Jamaluddin. 

CALL it superstition,  or claim to be a student on the law of probability, or just admit that you do not want to enter a lane where the signage reads FAFO  ( F around and find out).

KHAIRY Jamaluddin, Mr MySejahtera had been built up as a core cornerstone by four of Malaysia's last five Prime Minister's and they all fell by the sword 

IT started with Abdullah Ahmad Badawi, Mr jinx aka Mr MySejahtera's father in law, and then Najib Razak had the dumbest idea of VIEW : all time by wasting his precious time with Khairy Jamaluddin.

A firm favourite of Muhyiddin Yassin and Ismail Sabri, and we all know what happened to them, don't we. 

UNLESS Anwar Ibrahim has a political death wish, the nation's PMX, best be placing a huge, large, bold and big capital  X with regards to Khairy Jamaluddin.

THE second reason is not on the funny side, neither is it on the Covid vaccination,  nor has it anything to do with his tenure as sports minister.

IT has everything to do with MySejahtera,  and how Khairy Jamaluddin, not by his words, but by his actions, after he left politics , has shown how little his regards are for us Malaysians, morally and intellectually .

IF you really want to know, the brush up on your Malay, make sure your under 18 children are far away, think GULLIBLE and  click into my Facebook  ;https://www.facebook.com/share/v/19zMSRizen/

WiseGuy inside The Corporate Mafia : Money Laundering via rights issue.

KENNETH Vun Yun Liun  and Victor Chin Boon Long linked companies have been on a roll to expand capital expansion, followed by a share consolidation exercise over the past 40 months.

ARE we really to believe,  that Malaysia is home to loads of rich but apparently down right stupid human beings who keep subscribing to private placements and rights issue share exercise of companies linked to the same market manipulators?

WORST still the company prospects  never improve, and the script exercise participants ends up losing a tonne of money, but is never angry enough to go after the culprits who caused the losses.

OR  READ the alternative storyline, of money laundering on selected counters via rights issue on Bursa Malaysia is rampant, which why those bleeding red ink for years such as Hong Seng Consolodated Bhd and Revenue Group Bhd are so diligently at it. 

AND one suspects , there is plenty of help from very people who are supposed to safeguard the markets, who appear to be up to their nose with the manipulators,  hence even if they wanted out, they are stuck in a rut.

PLEASE, take some time off your busy schedule and go through READ : the proposal behind Revenue Group's intention to go full swing into the money lending business.

AND then ask yourself if your buying Revenue Group's story that PLOWING RM145 million  on the money lending business is the right thing to do or sacking  everyone involved at Bursa Malaysia is the better thing to do.

FOR  a RM145 million venture, especially coming from those whoes ethics are of concern, there is hardly any data on how the money lending business  in a Malaysia  has been doing, what the industry profit growth if any is at. 

WHY did I  state both the Revenue Group Executive directors are dodgy on ethics and integrity?

TEH Chee Hoe for not disclosing to Revenue Group shareholders when they were buying Innov8tif from Hong Seng, that he owed money to Hong Seng, and Francis Leong Seng Wui for being remanded for 10 days by the police.

BACK  to the lack on how the money lending business is doing in the Bursa Malaysia approved corporate exercise of Revenue Group, we are then left to rely on the company's past experience  as well  as sampling a rival.

ON page  VIEW :28 of the 75 page document, the following is what Revenue Group states ; for the six months ended 31 March 2025, RM24.698 million in loans generated only RM536,960 or a 2.17 per cent return.

VELOCITY Capital Partners Bhd, for the first quarter ended 30 Sept 2025, results announced last Friday noted that  VIEW on page 2 and page 10 of its financial results, noted, it's money lending business parked under financial services posted a pre tax profit of RM4,193 million derived from giving out RM275.763 million in loans, for a return of 1.52 per cent .

State of the Nation : Elie Youssef Najem

NINETEEN years, after Malaysia had been mystified by Elie Youssef Najem, Lebanese  man, claiming to be a billionaire,  his heir apparent has landed.

FOR  those,  not familiar with Elie Youssef Najem. The year was 2006, and Malaysians were jolted to attention after a Lebanese national, living at Villa Putra Condo in KL, pledged  a US$275 million donation to the National Cancer Council (Makna).

THE cash never did come in, with some speculating that the guy was crazy, a retard, publicity seeker.

HE may have been all the above, or maybe not but what he, above everything else, was man in a hurry to be in the limelight to protect himself from a group of people  in Malaysia, whom he had borrowed in the millions.

ELIE Youssef Najem's successor is none other than Albert Tei Jiann Cheing, the man in the center of a storm that resulted READ: with the Prime Minister's political secretary being arrested.

ALBERT Tei Jiann Chieng,  many would wonder, why is he putting him self in the eye of the storm? 

SIMPLE actually... ask yourself, what if READ : there was no Kinabalu move in January 2025, by UMNO's Bung Moktar Radin.,  would the license awarded to ALBERT Tei Jiann Chieng's vehicles be rescinded? 

ALBERT Tei Jiann Chieng, has to reckon with the consequences  of wanting the cake and eating it too.

ONE suspects, Albert Tei Jiann Chieng's foreign principals, aren't accepting ; I'm sorry I diverted some funds to get my man to be the top dog, but it failed and now we have nothing.

ALBERT Tei Jiann Chieng needs to be in the limelight at any cost...Malaysia may not know it yet, but for  Albert Tei Jiann Cheing  the need to do so is alive and kicking 24/7.

WiseGuy inside The Corporate Mafia : The Fit and Proper Test.

LOOKING back, it now makes, absolutely  perfect sence why, Teoh Hai Hin, who sold his controlling stakes in Hong Seng Consolidated Bhd, READ : doesn't want the present owners to be able to use the name Hong Seng.

FOR decades, Hong Seng has been a big money lender, especially in the Northern and Central part of Malaysia.

I now suspect, a big reason why he doesn't want the name Hong Seng to be used, is because the brand name itself was self built by his father from ground up.

HE may have found the present bunch unworthy and there are reasons to believe  that he is not wrong.

UNDER Section 9 of the Moneylenders (Control and Licensing) Regulations 2003 (“MCLR”) Act there are  six grounds for refusal of a license which are a bankrupt, revocation of a moneylending license, a conviction under the Penal Code or the Act, evidence of bad character and not a “fit and proper person” to hold a licence.

NOW let's track Francis Leong Seng Wui , who just resigned as executive director of Hong Seng Consolidated  but still operates a money lending license  with Revenue Group Bhd.

AS  a matter of fact Bursa Malaysia is trying its level best not to question Revenue Group Bhd on Francis Leong Seng Wui being picked by police and held for more than a week, on organised financial crime, so as to save  Revenue Group's suspicious looking RM193 million cash call which has been pending since October 15.

REVENUE Group Bhd, wants to use the money to expand it's Kreditkomuniti money lending business. 

IF the Housing Minister, Nga Kor Meng has any sence, he should be looking to suspend Revenue  Group's money lending business on grounds of having bad character. READ : Evidence of bad character is an explicit ground for refusal of a money lending license.

1. Kamari Zaman Juhari,  the chairman of Revenue Group Bhd?  How on earth is this guy  passing the exam on the no history of dishonesty and fraud?  Take a look at this video where as chairman of Quantum Metal,  the guy is VIEW : preparing the sheep's to be slaughtered.

2. TEH  Chee Hoe, Executive Director.  How on earth is this guy not dis honest, considering while he was hard selling  on why Revenue Group should expansively buy Innov8tif from Hong Seng Consolidated, he gleefully ommited in every single document on the sale , that he owed Hong Seng Consolidated,  millions of Ringgit.

3. FRANCIS Leong Seng Wui, who has numerous police reports  on him for intimidation / thuggery. Is that not evidence of bad character?

 YES, Leong Seng Wui hasn't been charged in court, but then again neither has the police charged any of the individuals who made the report ,for  making a report that is false.

WiseGuy inside The Corporate Mafia : In search off...

THE jungle people from Twitter land ,  suddenly seems to be in the know  on two core issues.

THAT Farhash Wafa Salvador Rizal Mubarak  is in for a fight of his life for control of NEXG Bhd.

COMMONSENCE  will easily with the huge loan he had taken out FROM Velocity Capital to acquire 20 per cent if MMAG Bhd, leaves Farhash in a situation at this point,   where  he can't even afford to fight his own shadow.

THE above statement, should stand alongside READ :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.

NOW coming to  the second  Twitterland feed,that Anwar Ibrahim has no intention of ripping  the Corporate Mafia.

TO ignore, or to not even know you, just because you were not in the rulling party, is normal but to go out of your way to scheme against you when you are the sitting Prime Minister whoes  neck is on the line, if  you loose in the 2023 six state elections ?

GLOVES normally are unwinded, at this stage, especially  when you find out that their contribution was much more than money.

ON this September  21 2023, Kedah Menteri Besar Muhammad Sanusi Md Nor drops nuclear bomb, unaware to most, as he admits READ : despite using the RM3 billion rubber plant plant in his campaign, he knew a year ago that the project was going to be shelved.

THE initial chain reaction was that of fraud, when you take into account what took place on June 2023. READ:Loss-making CSH Alliance Bhd said it is buying investment holding company Hong Seng Frontier Sdn Bhd (HSF), the private vehicle of Hong Seng Consolidated Bhd’s group managing director Teoh Hai Hin, for RM45.25 million, cash.

SO if Muhammad Sanusi Md Nor had been provided with this privileged information in 2022 the questions should be what is Teoh Hai Hin thinking off, when he entered into an agreement with CSH Alliance using the supposedly rental income CSH Alliance will receive from the Hong Seng plant ON JUNE 2023 which  also involves land given for a song.

WHILE the Hong Seng /CSH deal was killed off very fast, the same  cannot be said for the state land.

CLICK here for continuation  ;on Facebook.

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State of the Nation : Monkey Business

THIS is what, our for now friendly and still human loving  artificial intelligence, has to say about monkey business.

THE term "monkey business" (meaning mischievous or deceitful behavior) effectively captures the complex, hidden, and ultimately corrupt nature of Enron's financial maneuvers. 

MALAYSIA , thank our lucky stars its now a much larger beast such as the Wall Street Journal or even the South China Morning Post but merely Singapore's Channel News Asia, which held back the punches.

CNA  still managed to state that "NexG saga, which CNA has pieced together through interviews with stockbrokers, bankers, and company executives, sheds rare light on the shadowy corners of the Malaysian stock market."

THE markey has increasingly become a playground for operators who thrive on thinly traded, high-risk counters — and for whom opacity is a feature, not a flaw, CNA added.

I have always stated, and maintained the following  point of view;  our entire stock market is just one article away from either The South China Morning Post or the Singapore Straits Times, from being tanked to smithereens.

AND why is that so ? Well because even

as early 2023, I have pointed , what killed Enron is blatant in our market is terrifying. 

READ :It is epicly terrifying becausevEnron happened donkey years ago, and since then the financial reporting standards have been severely strengthened. For, the Securities Commission and Bursa Malaysia to allow this to happen now, is playing with very dangerous fireworks.