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. 

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. 

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.

READ : Ahmad Lufti, a chief editor of PAS mouth piece, chronicles Abdul Awang Hadi's entry into PAS.

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.

READ : Akmal Saleh says forced marriage with PH better alternative then having a whole swapping partner.

READ : Akmal Saleh, Muafakat Nasional and the demonising of Zahid Hamidi.

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.

  

State of the Nation: JADONG

IF you missed it, JADONG is a unique Malay word, because it is made from a trinity of abbreviation of three other words namely Jahat (bad), Bodoh (stupid) and Sombong (ignorant).

AND here is the grandmaster, of JADONG. Jahat not in an evil in itself but so much more to do with the magical bodoh sombong term.

MEET Fahmi Fadzil. And now how many of you guys are now sitting indoors, not using WiFi and your supposedly 5g connection is giving you 2G vibes.

DON'T blame it on Digital National Bhd or even U Mobile...but blame it squarely on Fahmi Fadzil.  

FAHMI Fadzil do tell us, how come to you fought so hard to give U Mobile a second 5G license so that they could build connectivity lines already built by DNB ???

AS a result today in Malaysia. READ :Malaysian telcos are stuck in 2010. While the rest of the world is enjoying 100 to 300 Mbps as a basic standard in 2025, here in Kuala Lumpur we are paying premium prices for an inconsistent and capped so-called 5G network. It’s nothing short of a scam 

READ : 80 per cent of work is done indoors but MALAYSIA's 5g indoor penetration is only 30 per cent.

State of the nation : The rise of JADONG

JADONG is a unique Malay word, because it is made from a trinity of abbreviation  of three other words namely Jahat (bad), Bodoh (stupid) and Sombong (ignorant).

YOU must be a bad person or in case of Phillip Capital, a very bad organisation to come up with a report which is not even skin deep. READ : Malaysia’s relevance waning among global investors due to lack of AI thrust, says Phillip Capital.

SKIN deep because it doesn't address the white elephant in the room, namely that the Malaysian market has gained a reputation where politically connected companies, and those with enough money can escape disclosure or punishment.

NOT only do they escape punishment, but they publicly and daringly tell the world, without uttering a single word that the Securities Commission and Bursa Malaysia are rent seeking poodles.

TAKE for instance, the case of Kenneth Vun Yun Liun, who publicly told the world that READ : His Past Regulatory Issues Have Been Resolved.

THIS comes following a March 2024 raid at Wisma Lien Hoe by the Securities Commission  in what the Corporate Secrets portal described as a RM20 billion fraud on retail investors. 

READ : Securities Commission says it conducted raids on premises of certain listed firms.

READ : SC raids Kenneth Vun Yun Liun in RM20 billion fraud probe.

THE Securities Commission should enlighten Malaysia on how this RM20 billion fraud case  was KAWTIM, in a manner Kenneth Vun Yun Liun can safely say his past is no longer in play.

IT doesn't stop there. Even minor players such Francis Leong Seng Wui of Revenue Group Bhd ,  can now overlord over Bursa Malaysia on what questions can or should be asked by the exchange.

JUST Google up on Francis Leong Seng Wui, whoes money lending license at Revenue Group is at stake if Bursa Malaysia would query Revenue Group on truthfulness of the following statement ; That the police had gone to the courts and won an order to remanded Francis Leong Seng Wui for ten days this year on some serious financial crime.

IT is not AI's fault that over a 15 year period the foreign equity participation on Bursa Malaysia has fallen from  a decent peak of 25.1 per cent hold and have stayed at a pace setting historical low of 19 per cent since June 2025 right up till today.

READ : From a peak foreign equity participation of 25.1 pet cent in 2013, Bursa Malaysia falling faster than humpty dumpty

PEOPLE didn't talk about AI that much eleven years ago, but recent data shows, that foreign equity outflow in Malaysia over a 11 year period, came out top in nine years and that READ : not only did the KLCI suffer negative returns over a 10 year period starting from 2014, you would have made more money by just keeping in your fixed deposit accounts even with the smallest bank in Malaysia.

HOW low can you go, if even the smallest bank in Malaysia can offer you better decade long returns over Bursa Malaysia?

DON'T blame it on AI, blame it on the selective governance by the SC and Bursa Malaysia.

AND oh if you are wondering why is it, I have Fahmi Fadzil's image and not that of Kenneth Vun Yun Liun...well because there is a PART 2 coming soon.

Muhyiddin Yassin, last call before the sun goes down.

IN  another world, if Muhyiddin Yassin, the self proclaimed Abah of the nation, had heed sound tidings and red flags, he perhaps would still be the man in Putrajaya.

MALAYSIA'S eight Prime Minister, some 64 days before his time was up on the hot seat in Putrajaya, I spelled it out for him , READ :Gerimis Mengundang.

AND, then on November  2023, I spelled it out to the strongman from Johor, that if he does not reach out to Anwar Ibrahim, then  Abah's so called backers, supporters and followers, would READ :shame, humiliate and betray him.

THE way, Muhyiddin Yassin  was insulted and humiliated  by a tier three politician from Port Dickson was down right degrading. READ : Badrul Hisham Shaharin, aka Chegubard degrades ex Prime Minister, while Hamzah Zainuddin says nothing.

MUHYIDDIN, hamzah has been trying to with Zaid Hamidi for months, a road that is not an option for you.

IF you don't get on that Anwar Ibrahim bus and choose instead to be willingly cow dunged by Tun Mahathir, your losses will be much more deeper, than the reality, that you must come to terms with.

THE Prime Minister is a seat too far away, but a replacement for the ambitious Zahid Hamidi is there for the taking, as UMNO wrongfully believes that come the next GE is theirs for the taking.

WiseGuy inside The Corporate Mafia :Dereliction of Duty

DERELICTION  of Duty @ NEXG Bhd, there is a very strong case  for the entire board  to hauled up and charged in court. 

IT  can either executed using provisions under the Malaysian Penal Code (Act 574), in which case the authorities (e.g., Royal Malaysian Police or MACC) can initiate criminal proceedings. 

OR  Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009, which imposes criminal liability on commercial organizations. 

THERE  are ample whistleblowers , available for anyone who would care to check as the blatant abuse of minority shareholders are at levels way past abuse.

JUSTICE can be surved. Prevailed justice can only begun with the lining up of  the Nexg Bhd  board,  and senior members of Bursa Malaysia and thd Securities Commission into a bus on a one way trip to the Kajang prison.

THE Prime Minister must seriously consider asking the chairman of SC and Bursa Malaysia to quit immediately. If the Prime Minister has any doubts, I invite him to READ; Whistle Blower number one 

YUP whistleblower number one is the annual report . READ : Can anyone find any information in the annual report that Chin Boon Long held an office job there.

THE annual report even highlights, the strategic officer, which is a much lower position, then the supposedly Chief Operating Officer held by Chin Boon Long.

THE other whistleblowers are all those Bursa Malaysia statement involving NEXG and MMAG Bhd, that opted to not mention Chin Boon Long's COO role.

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CLEARLY the NEXG Board was walking hand in glove with Victor Chin Boon Long, resulting in after spending more than RM75 million in buying it's own shares, Nexg's cost  is too close fot comfort.

DID NEXG Bhd tell anybody that it had bought 175 million shares or a 7.58% stake in MMAG for RM70 million or 40 sen per share from the COO's wife ? 

CHIN Boon Long role , has been deliberately been left out in NEXG Bhd 2025, annual report, just as how board stood silently ,in giving. Mrs Chin Boon Long 2025's Ang Pao of the year.

It's the Ang Pow of the year because inside 8 months, of providing Mrs Chin Boon Long unimagined riches, NEXG is now sitting on an 82.5 per cent loss or RM55 million from its misadventure in MMAG , which now trades at 7 sen a svsre