Leong Seng Wui borrowed money from a money lender for a five per cent stake in Hong Seng Consolidated Bhd.

LEONG Seng Wui, who had borrowed money from Kenanga to acquire five per cent of Revenue Group Bhd, has now gone a rung lower and exposed himself to money lenders.

ON the radar of law enforcement units , working to clean up, the Kuala Lumpur Stock Exchange, Leong Seng Wui, has placed himself at the mercy of Velocity Bhd's money lending unit, to READ : acquire a five per cent stake in Hong Seng Consolidated Bhd, a company that had raised tremendous amount of capital during the COVID era for projects that eventually did not take off

INTERESTINGLY, the Simply Wall Street investment portal had raised questions READ :Hong Seng Consolidated Bhd's free float had dropped to 19 per cent.

IF indeed true, this is a major red flag listing violation, that could forcibly delist Hong Seng Consolidated from the listing registra of the Kuala Lumpur Stock Exchange.

Artroniq Bhd ; Money Too Tight To Mention.

IN a market place, where requlators are feared and  respected, one suspects the stunts which Artroniq Bhd has been pulling, will most definitely not take place.

THEN again the state in which Bursa Malaysia and the Securities Commission find themselves in borders between pathetic and sorrowful.

PATHETIC because the MACC led by Azam Baki had to do their job, and go after Kenneth Vun Yun Lun. The income tax which botched a previous attempt to corner Kenneth Vun Yun Lun, was also present to help a landing hand. READ : Malaysia's Securities Commission claims credit for Plaza Lien Hoe raids..

ARTRONIQ, lately has been the centre of attraction, after it's share price tanked early this year, followed by video revelation of Sufian Art, an American actor based in Malaysia, VIEW : directed to the principal political secretary to the Prime Minister that he was paid RM800 to pretend to be a key executive of a foreign company, inking a RM100 million deal with Artroniq, witnessed by MITI's very own Tengku Zafrul.

THE said agreement, helped READ : push through a private placement share exercise involving 65.65 million shares, which resulted in the company gaining RM36.8 million in cash.

TODAY,  Artroniq, upped the ante on the suspicious drama surrounding the company by informing the market requlators that READ : Paklin Venture Capital Sdn Bhd, Atroniq's money lending subsidiary, had lent out RM32.97 million to several corporations without any security, as bond in event of default

WiseGuy inside The Corporate Mafia : A Sesimic Movement on Corporate Mafia Probe

THE  Corporate Mafia, it seems have managed to do enough, to be given the benefit of the doubt with regards to how money was managed at the Classita Holdings Bhd level. 

READ : Police have referred the Corporate Mafia case to the Attorney General's Office.

IT is understood, that the ethnic Chinese informal brotherhood, infamous for raiding specifically Chinese own businesses, by jamming them with regulatorss, have escaped the criminal charge dragnet for abusing Classita's cash resources.

CHIN Boon Long, having been interviewed law enforcement authorities, sometime in late May 2023, is aware of the recent  sesimic movement with regards to the Corporate Mafia's other areas of involvement  specifically at Hong Seng Consolidated, CSH Bhd, MMAG Bhd, Revenue Group Bhd, Green Packet Bhd, INNO Bricks Realty and Sarawak Cable Bhd.

INNO Bricks Realty, based in Petaling Jaya, has been attempting to use READ : crypto currency to transact properties among main land buyers, hasn't gone down well with the mainland authorities.

HAVING Eddie Ng Chee Siong linked to the entity has also brought in added scrutiny, especially since post Eddie Ng Chee Siong, READ : more than RM55 million have flowed into Revenue Group in a manner that defies economic sence.

A sesimic wave, on what was merely a probe on the activities of  the Corporate Mafia, now has expanded into an official inquiry, some TWO WEEKS AGO.

SOME of the specifics being looked at include, tax related matters, footprints of pump and dump trading, excessive cash burnouts, bungs for officials, funds raised, and burnt for projects that didn't took off, inter company and personal leverage, traced at the Hong Seng Consolidated level, as well as a failed privatization a decade ago.

 

Muhamad Akmal Saleh has fallen flat on his face.

UMNO Youth's head Muhamad Akmal Saleh having over played his hand on the KK Mart stocks issue, now has egg all over his face, as the political elite have struck back, in a major boost for Prime Minister Anwar Ibrahim 

ON March 26, 2024, I pointed out, that Muhamad Akmal Saleh is heading for a fall, for refusing to be magnanimous once he had made his point.

INSTEAD of being magnanimous  like Salah ad-Din Yusuf ibn Ayyub, who is better known as Saladin, the Conquerer of Jerusalem, the UMNO Youth head seems to have been over rawed by victory, power and attention.

MUHAMAD Akmal Saleh had chosen to press and pressure  KK Mart further instead of educating the management and perhaps even getting in more Muslims into the KK Mart marketing  department. READ : The UMNO Youth Head, is aid to be remote controlled by Hishamudi ussein Onn and a Chinese individual in the Najib Razak camp.

ISMAIL Sabri, Malaysia's ninth Prime Minister, started the ball rolling by in directly hitting out at Muhamad Akmal Saleh. READ : Our diversity is unique and should be celebrated. It should be the pride of our nation.

BY noon, it was game over and advantage Anwar Ibrahim, when READ : the King hosted the KK Mart owner, followed by READ : UMNO asking Muhamad Akmal Saleh, to respect the wishes of his majesty the wise King of Malaysia.

 

Muhamad Akmal Saleh's moment of truth is here.

THE russian trained medical doctor Muhamad Akmal Saleh which had kept Malaysians ransomed to their TV sets over the READ : KK mart boycott issue looks like he has over leveraged his hand.

WHAT Malaysians and even UMNO is going to find out from the latest issue is does Muhamad Akmal Saleh really have ground support or his he merely a Tik Tok Tiger who got lucky riding on the right wave.

LOOKS like Muhamad Akmal Saleh, himself wishes to know how much of a support he has with the Malay base, considering READ :  PAS has refused to join the KK Mart bandwagon.

DO i support Muhamad Akmal Saleh's reaction to the KK Mart stocking issue? Yes I do, because I believe we should not put a price on our religious believes but at the same time I do not condone hurting other peoples livelihood by throwing fire works in their place of work.

ENOUGH about me, and back to Muhamad Akmal Saleh, who is now calling for a VIEW : boycott of the hugely popular Malay entertainer Aliff Shukri.

ALIFF Shukri, seems to have the backing of READ : Sharnaaz Ahmad, an actor who has a huge online following, who wants his friends critics' to chill out, after the UMNO Youth head demanded that the Government take down Aliff Shukri's videos and charge him in court.

IF the boycott call on Aliff Shukri does not gain traction among the Malay masses, Muhamad Akmal Saleh is going to have egg all over his face while UMNO will have to live with the consequences of having a liability like Muhamad Akmal Saleh in its CAMP.

Wanted Justin Lim Hwa Tat has a mess at Melaka United.

IT seems fugitive Justin Lim Hwa Tat hasnt been paying the salary of football players at Melaka United , the professional football team he controls .

JUSTIN Lim Hwa Tat is a fugitive because he is wanted READ : by the MACC. 

MID last year, team Justin Lim Hwa Tat  denied that he had absconded by stating READ : he was actually merely on an overseas business trip but since then the guy has not shown up in Malaysia and is still wanted by the Malaysian authorities.

THE latest is the Melaka United players VIEW : haven't been paid, some to the tune of more than half a million ringgit.

Anwar Ibrahim needs to wake up now before it is too late.

THERE are too much of a coincidence taking place in Malaysia these days, that I suspect that the Prime Minister is being set up for a big fall.

SO what can the Prime Minister do? Well for starters, the Anwar Ibrahim of READ : November 2023 needs to show up.

THE Anwar Ibrahim of November 2023 had scared the day lights of even Dr Mahathir to an extent, because at the end of the day, Malaysia needs a hardmen to even up the score.

WHILE there is not a single drop of proof to what I am going to write now, the suspicion among the people I converse with is UMNO's Muhamad Akmal Saleh and Perikatan Nasional are taking Malaysians for  suckers by playing the good cop/bad cop drama.

LIKEWISE, we have traditional Pakatan Harapan critic, the failed ex air steward READ : S Sashi Kumar purposely attempting to incite religious tension.

OBVIOUSLY there is some big money financing all these people . Who they are is pretty obvious,as one just have to go through the big names under investigation for corruption and those already charged by the MACC.

IF Anwar Ibrahim is still keen on being Prime Minister, it won't do him no harm to instruct the Home Minister to dish out some PDRM hospitality to all the trouble markers regardless of race or religion, in line with the age old saying, spare the rod and spoil the child.