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.