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.

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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.

 

WiseGuy inside The Corporate Mafia : The sound of silence vibrates

BEYOND defining , notches above definitive is the sound of silence, that vibrates with an error knowledge,  even when wedge  between two rocks, the options , will only redeem the righteous. 

THE rest, are to be hunted  like a Crocodile, ravaged in the corn; no shelter from this storm .

 NEXG Bhd,  the company where all of Victor Chin Boon Long's trash  ends up, with other people's money picking it up, reluctantly.

DON'T take my word for it, and follow his story READ : SONIC boom boom the how to create an enton like false Ingenuity' market ends on the lap of Nexg Bhd.

NEXG READS :pumps RM76 million into the timbuk 2 to take Classita off Hong Seng Consolidated..

NOW  to the statement  made  by  Abu Hanifah Noordin, the company’s executive chairman on READ : NexG not MACC’s investigation target.

STOP beating around the bush . Based on information provided by former stakeholders and directors in late December,  on washing money laundering activities taking place involving NEXG Bhd,  indeed there is q deadline chasing furious investigation on going.

PERSONALTIES,  which even has Hanifah locked in with them have been and are, being arrested, detained, remanded and investigated on what will be thr largest market linked laundering operation in absolute Ringgit terms.

INVESTIGATION, is not limited to Nexg Bhd,  as it has spread to Greenpacket Bhd, Hong Seng Consolidated,, and many more including Revenue Group Bhd.

SPEAKING of the devil... who is gonna call TA Securities, Revenue Group Bhd , Nga Kor Ming or better still Bursa Malaysia. 

YOUR silence is past defening,  it now vibrates as investors,  punters and just ill intent people  are delirious to know who killed the Revenue Group's Rights Issue?

SHAREHOLDER  approval, kaowtim READ : on October 15 2025...Already 30 days have passed...why the silence, that vibrates individual guilt, collective molly cuddling...NOW trapped on all sides.

WiseGuy inside The Corporate Mafia : Dont Stand So Close To Kenneth Vun Yun Liun.

I am dead serious on this, ; don't stand too close to Kenneth  Vun Yun Liun,  unless you do not mind , being a casualty of war.

A war  started by Kenneth Vun Yun Liun,  not by planning,  but with pride and arrogance  guiding, in what history will note down ;  some of the lamest misquided moves .

AND yes, he had plastic surgery and most of the hair on forehead is wake, but despite all those red flags, apparently he pride and arrogance got into him.

PRIDE  before the fall, Kenneth  Vun Yun Liun  aced it on biblical proportions.  Remember the time, back in 20212022 wheh the Attorney  General's  office prosecuted to of the Edge top news men and if succesful dump them into prision for a wo year term?

READ : Under Ismail Sabri's watch, the people who popped the penny stock syndicate activities, face prison time while syndicates can do as they please.

IT was also during this time Kenneth Vun Yun Liun, after having financed Bersatu by a lot of money, was looking  at exploiting turtle egg eating and loving it, Ismail Sabri.

A fast friendship and perhaps even something  more was developing between the gayish  Kenneth Vun Yun Lun and the free wheeling Jovian  Mandagie,  the son in law .

KOMARKOP Bhd  was doing OEM for Jovian while at Cheetah Bhdv, Jovian Mandagie was the director of fashion READ : for apparel maker Cheetah Bhd.

IT was against this backdrop, did Kenneth Vun Yun Liun , led pride and arrogance  lead him to act against the Edge.

THE frustration was mainly because  READ :40 of the 60 companies, listed as part of the manipulation , can either directly or indirectly to Kenneth Vun Yun Liun.

KENNETH Vun Yun Liun's poor attempt to call for a truce, early this year, has fallen and ended up being a dead beat. READ : Kenneth Vun attempts humility, following a change in Government, pledging good governance.

I am not saying who, but someone very high in SC has been monitoring Kenneth Vun very closely and if you read carefully  the SC statement, READ : you will notice that they are very pissed

SC thanks International Criminal Police Organisation (INTERPOL) and Malaysia Airports Aviation Security (AVSEC)  on helping them in the Erdasan case.

SEEMS there is no , not even a fake thank you for the MACC. Any guess why?

Malaysia, here is the secret formula on how to fly without wings.

THE most chilling stuff i ever read, and it lingers until today is READ : Jesus Christ himself couldn’t save you if you were sent to Unit 731.

UNIT 731 was a Japanese group of scientists that performed animalistic experiments on humans by dissecting human bodies without anesthesia.

JUST last year, Bryan Rigg in his book Japan's Holocaust noted Imperial Japanese Forces killed 30 million people between 1927 to 1945.

FOURTEEN million of them  or nearly one in two murdered were ethnic Chinese. The Japanese would decades latter go to eradicate polio in China. 

THE Japanese for all the injustices done, get this , did not compensate the Chinese but instead LOANED, READ  : China ¥3.66 trillion from 1980 to 2022, with the China's final repayment of the loan coming in 2047.

THE moral of the story is history does not define your destiny. You define your destiny by the  steps you take and how you embrace change to grow.

I chooss to highlight nationhoods rise from being spit at and disgraced rather than any individuals success, because it is much easier for an individual to rise than a nation state to do. And it also goes to show what forward thinking can do for a country.

SO does it really matter , if Malays could fly back in the day, build ships and swords, when the same history is teaching us other lessons, that too many of us today are doing the same mistakes as Black America. READ : In 1870, the wealth gap between Black and White Americans was a staggering 23 to 1. That's equivalent to just $4 of wealth for Black Americans for every $100 for White Americans.

FAST forward 150 years and the wealth gap narrowed to about 6 to 1, but that's not the whole story because from 1980 up to the past four decades Black wealth have stagnated and with the wealth gap between them and Caucasians increasing by 0.1 per cent.

THE stagnation coincides with the rise in single mum homes amongst blacks since 1980.

IN 1970, approximately 29.5 per cenf of Black children lived with their mothers in single-parent households.

BY 2023, READ : 47% of Black mothers were single mothers, as opposed to Asians 8 per cent mother homes in America.

WHY bring Asians to the conversation...well because Asians are a success story in the USA, and Malaysia is in this conversation because there is no use in being able to fly centuries ago if your roots today are not grounded.

GROUNDED to the soil we stand on to form deep lasting roots, by having the centuries old family structure led by the father and mother.

THERE is no shame if your bloodline, there is none who could fly without an aeroplane or helicopter, but there should be shame if are responsible for breaking family structures long before R Kelly admitted in a song ; I believe I can fly.

THE family structure and the role played by the father and not how or what your neighbour did or did not do  or being able to build ships and fly, will always define history.

IN Malaysia today there are more than a million single mothers. This a live ticking time bomb, which we can see in some of today's teenagers.

THEY no longer talk like us or even our grand parents nor do they behave like us or our grandparents.  This is not the usual borders between generations, it's something much bigger ; The missing father, and the single mother who works, which is tsunami waiting on the door steps off mostly Malay, Malaysians.

IN the state of Perak 2021, for example, 63.5% of the registered single mothers were Malay, compared to 11.6% Chinese and 18.9% Indian.

INSTEAD of investing money to find out if Parameswara was an Indian, Malay or Albino, and then to rewrite history for failed egos, people and governments should be investing time, money and discussions of keeping the nucleas that can shape generations of history , : the one mother one father family in fighting shape.

BECAUSE at the end of the day most of us will not make it into the history books, our legacy is in the family structure  which our parents gave us.

YES we all can fly without wings, but the passage to learning that skill set, has only two roads by either investing money to rewrite  the past  or investing money now on the family structure for many many generations of tomorrow. 

LIKE all versions of the same story , there can only be one version which is true, like wise so is the two roads which will allow you to fly,;  only one will stand tall even against time.

 

State of the Nation : TALENT

SO  the big orange man from the United States finally told the truth, READ: Trump says the US doesn’t have talent to fill jobs, needs foreign workers.

AMERICA'S slowing down, i wouldn't say decline, as they are still tops in many strategic field, isn't because of toxic politics, but boils down to talent.

NUMBERS don't lie , READ :  In 1975 about one out of every twelve inventors in America was foreign-born, but by 2019 that number is about one of every three and a half.

IN Malaysia, when we talk about talent and spots it's  about shameless incident involving FAM and FIFA, but many have forgotten how we rejected a man living in Malaysia, earning a wage in Malaysia and married to a Malaysian was rejected.

MEET READ : Vijay Singh, rejected by Malaysia, triumphed against adversity, tamed Tiger Woods at his peak, to become the number one pro Golfer in the world 21 years ago.

BUT Malaysians are talented too. Take for instance Nga Kor Ming, the Housing Minister who is super talented that under him the Kreditkomuniti (money lending business )  business have beaten all all expectations grown by  few hundreds  percent, beating banks modest loan growth by thousands of per cent.

NGA Kor Ming  rarely talks about READ : how the Kreditkomuniti business grew to RM24 billion since he took over but instead blows his trumpet READ : on toilets.

DO I think Nga Kor Ming is a modest man? NO, he comes across as aloof, arrogant and a hot head.

THOSE  who loves sports,  will tell you the story of the 1988 Seoul Olympics  100 meter race, and how over time the world found out all the favourites were juiced up and only the guy who got caught red handed, Ben Johnson paid the price .