Dogs of Bursa Malaysia (2016) – the movie

What does Dogs of Bursa Malaysia have to do with the looting of one Protasco? The real movie in Bursa Malaysia is actually larger than the political conspiracy in another movie The Wolf of Wall Street, and this is real story and still going strong.

MELBOURNE, AUSTRALIA, JULY 21, 2016 — The US government may become a movie and music industry player, at least temporarily, after moving to seize US$1bn in assets that prosecutors said were bought with money looted from the Malaysian state development fund. The probe could be untrue and yet to be proven. On the other side of the globe, the Australia government may have follow similar move with new episode of another real corruption move, inspired by the public company (one Protasco Bhd) probe involves RM2bn (US$500million), also happens to originate from Malaysia.

The 2013 movie The Wolf of Wall Street and an interest in the rights of EMI Music Publishing are among the targets of civil lawsuits filled with allegations that Malaysian officials, their relatives and associates laundered the fund’s money and hid it in property, artwork and luxury goods in the US. On the other hand, the 2016 movie Dogs of Bursa Malaysia may be more interesting as the No.1 Official Executive Officer in Protasco, are among the targets of civil lawsuits to be filled with allegation that the company officers, their relatives and associates laundered the company (one Protasco Bhd) money through accounting engineering as “other expenses”, and hid it in property, Protasco share purchases and luxury goods through road maintenance contractors, channeled from Malaysia to Australia, over the last 12 years.*1

Note*1: Australia Taxation Office (ATO) case study, headed by The Hon Scott Morrison MP, Treasurer; The Hon Kelly O’ Dwyer MP, Assistant Treasurer; Statutory agency executive. Chris Jordan, AO, Commissioner of Taxation, on No.1 Official Executive Officer of one Protasco Bhd, Malaysia & Australia joint investigation filling 14/16.

” Seizures of assets by government authorities are fairly common, especially when the No.1 Official Executive Officer in one Protasco has only declared RM50,000 (US$12,500) salaries per month from year 2000 until year 2012, or less than RM6,000,000 (US$1,500,000) net income for 12 years but dubiously able to purchase a jaw dropping RM100,000,000 (US$25,000,000) worth of Protasco Bhd public listed shares. Further more, the private property and assets hidden in Malaysia and Australia could fetch over RM50,000,000 (US$12,500,000). With the sons and associates being recruited into the public listed company Protasco, the looting has accelerated from year 2012-2016. To own such fortune, the No.1 official Executive Officer would have won 30 times lottery continuously, or hit the first prize 3 times a year for the last 12 years.” report leak.

The case of the Malaysian sovereign wealth fund 1MDB announced on Wednesday (20 July 2016) might be unusually large. The story could be bogus and yet to be proven. On the other hand, the real huge corruption money in the up coming movie Dogs of Bursa Malaysia involving one Protasco Bhd, which is not small either comparable. This is for real.

The new film Dogs of Bursa Malaysia could make US$100mil in the near future, a box office analyst said.

According to the report leak, a Malaysian involved in manufacturing a blame-game (to hit and “hid” his victims : the actual beneficial owner of Protasco) by diverting attention from public eyes (in hope to hid away his own wrong doing) in order to legitimise his possession of one Protasco Bhd through series of organised blackmails, is the source of all conspiracies. That controversial man is Chong Ket Pen, which during year 2012-2016 under probe linked to siphoning about US$20m funds from one Protasco to invest in the company (Protasco) public listed shares registered under his own name; separately used about $10m to buy “a substantial interest” in other public listed shares under nominee and associates in order to fabricate “turbulance” incidences to made up his victims’ patterns of investments faults; US$7m graft money in road concession contract renewal (which Chong gave away 5 names involves senior former statesmen to the authorities on graft); US$5m in manufacturing evidence through “inducement of” Royal Malaysia Police & Deputy Public Prosecutors & Courts to fulfil his conspiracy story; US$3m in legal fees & graft money to manipulate and “inducement of” government machineries (agencies including stock exchange Bursa Malaysia and Securities Commission, MIA, SSM, etc) to fix up his victims; as well as US$3m to bury his dark history & trails of graft and questionable activities. Such trail includes the fact that Chong was fired (re-designated) from Protasco board on June 2012 and later hired back to the Executive Director post on November 2012. In between there is the Protasco major shareholder change, or change of ownership (from former owner to the new owners), which proven his stewardship as an employee and not the owner as he self-proclaims. A true lie. His move was also “in the name of formidable crime” in his own rationale, trying to hide away his legacy – some potential RM2bn un-accounted graft money siphoned away to his associates involving one Protasco Bhd.

A whopping US$48m self-interest looting under the sole control of No.1 Official Executive Director of one Protasco Bhd went missing during September 2014 until March 2016.

Co-incidentally, one Protasco Bhd saw the cash flow plunged with cash-in-bank vanished quickly from RM282m (US$70.5m) to RM94m (US$23.5m) during December 2014 until March 2016. The bizarre amount happens to be US$47m.

Note*2: Bursa Malaysia official quarterly report shows that as of December 31, 2014, Protasco Bhd has RM282mil (US$70.5mil) cash at bank (refers to: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/?name=EA_FR_Attachments&id=185244), while as of March 31, 2016, Protasco Bhd cash at bank is left with RM94mil (US$23.5mil) (refers to: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=191432&name=EA_FR_ATTACHMENTS). The whereabout of RM188mil (US$47mil) especially on looting of public money for No.1 Official Executive Director personal interest fighting graft and conspiracies had lured more attention to himself than his victims and scapegoats.

Chong did not respond to requests for comment sent to his Kajang-based company, Maha Niaga Sdn Bhd. One of his personal company sits inside Protasco office as per Company Registrar record (Suruhanjaya Syarikat Malaysia – SSM).

US government-seized assets are usually sold off at auction to raise money for victims. Until that can happen, US authorities must maintain the assets, officials said. The Malaysia watch dogs in the “Dogs of Bursa Malaysia” movie either pretend never saw the un-accounted income of the Protasco’s No.1 Official Executive Officer, or really blind sighted to allow billions of dollars being taken from the victims (people of Malaysia) and siphoned out to cronies. Australia watch dogs may follow US authorities move without hesitate. Such seized assets shall be auction out to repay back the company. Protasco is a public listed company. It doesn’t belongs to its No.1 Official Executive Officer.

“Australia government would match the No.1 Official Executive Officer Malaysia salaries with his assets, seize and sell those un-accounted interests and, if possible and appropriate, use the proceeds of those sales for the benefit of the victim citizens in Malaysia,” the insider leak said in an e-mail.

Under a proposed restraining order, Special Administration Devision, which is set up to probe the culprits and key actors in Dogs of Bursa Malaysia, after the special mission would have to maintain present contracts related to one Protasco and “allow the Government Officers to join in and direct key business decisions about day to day operations (in Protasco Bhd).” According to reliable sources, Roadcare (M) Sdn Bhd, the 51% owned subsidiary of one Protasco would be used to recover loses for the past 12 years, paid from next 10 years income (designated future income from recently renewed road concession). Other graft trails leading to Chong Ket Pen control includes HCM Engineering Sdn Bhd & De Centrum Development Sdn Bhd group of companies.

In a statement, Chong Ket Pen’s spoke person said that to its knowledge, none of the money it received was illegitimate and that his team, Kenny Chong Ther Nen and the company did nothing wrong. Kenny Chong is the stepson (or son) of Chong Ket Pen, who oversaw the Down-syndrome Project (Decentrum City), the one Protasco property subsidiary (under probe).

The Justice Department pending lawsuits said that high-level officials of one Protasco corruptly diverted more than RM2 billion (US$500mil) from the company over twelve  (12) years.

 

Herald Sun draft synopsis – Jul/16

Next episode : How No.1 Official Executive Officer of Protasco Bhd spill the beans : The inside story of the world’s biggest financial scandal. How graft money funded the probe of alleged Wolf of Wall Street intended scapegoats?

Coming up: Dogs of Bursa Malaysia : How conspiracy started with (Protasco) billion dollar graft hid away plan. Starring Protasco No.1 Official Executive Officer & sons, scapegoats Hadenan A. J, Ho C. F, Cheong K.F, Tan. Y. B, Wong K.Y., Eddie Y, Eugene W, A. C. Fernandis, Cik K, Encik S, Puan N. Suhaida, vs Government of Malaysia & Australia.

Episode Rouge One : Protasco Bhd case withdrawn, Ooi & Tey discharged. Lawsuit basis has proven a sham?

The movie of “No.1 Executive Director of Protasco Bhd” has finally proven a liar, cheater, and criminal? What would the best actor in Protasco (Chong Ket Pen) hide his true motive when he officially taken RM40 million paid in “salaries & dividends” to himself, where RM280 million in Protasco went missing during the year 2013-2017, exactly after he fabricated a blame on substantial shareowners Ooi Kock Aun & Tey Por Yee and took control of Protasco Bhd in September 2014?

Here is the latest synopsis refers to a real case announced by the Malaysia newspaper The Star, and business journalist analysis:

28 September 2017, Kajang, Selangor, Malaysia – The Star newspaper had Yesterday reported that former Protasco Bhd directors and substantial shareholders who were charged with cheating the board of directors, making a false declaration and criminal breach of trust involving more than RM80mil has been discharged from the case.

According to the DPP, Attorney General’s Chambers had reviewed all the evidence in totality before deciding to withdraw the case. Dato’ Ooi Kock Aun and Dato’ Tey Por Yee were ordered by Kajang Sessions court judge Surita Budin to be discharged but not acquitted.

Market concerned that the once semi-monopoly JKR contractor Protasco Bhd have a board of directors which are now proven not independent, potentially lying and cheating acting in concert, and governance issue is a big question. With the surface of evidence proven lawsuit is potential “a sham”, means the entire board of directors had colluded to put blame on substantial shareholders in order to take control of Protasco Bhd, while the now proven “potential liar” is busy taking “personal benefits” from shareholders through abnormal dividend and salaries. Perhaps this could be the trail that proven the suits and reports are questionable for other reason.

The Ambush?

Road maintenance company Protasco Bhd had filed series of lawsuit and reports in the second half of the year 2014 on the then substantial shareholders of Protasco Mr. Ooi Kock Aun and Mr. Tey Por Yee, as evidence from Bursa Malaysia announcements. The allegations of “cheating, false declaration, and breach of trust” was believed based on the sole reliance on market perceived as “fabricated evidence” (now court confirmed proven sham evidence) designed & made up by Protasco senior management under the instruction (during material time) of the then “one & only Executive Director” of Protasco, Mr. Chong Ket Pen. Years after the drama, Protasco had seen cash in company disappeared, and directors pay jump by leaps and bounds. The alleged official evidence has been proven otherwise and has resulted in the withdrawal of charges on the defendants. This has obviously surfaced the evidence the drama was clearly an ambush and set up.

The spread of “Manufactured Allegations” now proven “Lies”? It’s all about money?

Mr. Chong Ket Pen had since the year 2014, is spreading different stories to the authorities and the public, including media and business communities through the outfit of Protasco Bhd. The story changes over time where market believe are just to cover up Chong’s potential wrongdoings and explained himself out of potential ill-gotten board control & money he was taken directly and indirectly from Protasco Bhd. On the record of Bursa Malaysia public announcements, Chong Ket Pen had “directly” benefited from neck-choking dividends through high gearing on Protasco Bhd book, and raised his rocket-scientist salary packages which ballooned to RM4.2 million per year paid to himself alone, or part of RM10 million “fee & benefits” of directors and senior management per year. Chong Ket Pen’s sons Chong Ther Nen and Chong Ther Vern were noticed in 2016 Annual Report. (Evidence of Chong Ket Pen self-enrich scheme & motive is stated in Bursa Malaysia record, refers to https://klse.i3investor.com/blogs/truebackground/131967.jsp）

3 years from Chong Ket Pen lawsuit drama, it’s apparent that the suits are questionable. The allegation of “cheating, false declaration, and breach of trust” would sound dubious when the basis of lawsuits where proven sham as of Yesterday court order.

New Substantial Shareholders “Cheating” their Own Company? Look who’s cheating!

Protasco Bhd new shareholders were told by Chong Ket Pen as if they “do not exist”, and all a sudden “spring up from nowhere” and cheated the board. Scan through Bursa Malaysia announcements can find the trail of actual event as follows:

3 November 2012 – Chong Ket Pen signed a Service Agreement with consultant Global Capital Ltd, to “first”, finds an investor to acquire Protasco Bhd controlling shares from the former owner for RM100 million; and “second” to refers total assets over US$55 million to Protasco Bhd.

26 November 2012 – Ooi & Tey investment company Kingdom Seekers Ventures Sdn Bhd acquired 80,429,515 Protasco bhd shares or 27.11%. The market was told valued at premium close to RM100 million. (source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1472853 )
Chong Ket Pen at that time held 15.51% Protasco shares, a “substantial” minority shareholder (source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/3212425)

28 December 2012 – Chong Ket Pen presented, and caused Protasco Bhd board to acquire Oil & Gas asset for US$55 million, and paid RM50 million. (source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/6253 ). During the material time “Chong Ket Pen is the “one & only Executive Director” in Protasco Bhd qualified to present, convince and cause Protasco Bhd board to make any decision, including making payments.”

Such substantial shareholding truth was told to market, but covered with lies as follows during 25 June 2012 – 3 November 2012:

The market was told Chong Ket Pen seeking potential buyers for Protasco Bhd through Asset injection and use the proceeds to purchase Protasco Bhd shares, getting a free ride. Some “property” assets worth RM60 million – RM100 million was attempted without success. Such dubious scheme did not take off.

Lies were told that Ooi & Tey “injected an Oil & Gas asset AT FIRST, then only purchase Protasco Bhd shares LATER. Market perceive this is just a jaw-dropping “face cover-up” excuse to rationalize Chong’s “bite the hand who feeds” history. Ooi & Tey found investors and acquired Protasco Bhd shares “first”, Chong only subsequently caused Protasco Bhd to acquire a referred asset “later”. Whatever excuse, what does it matter except Chong wanted to save his face being called traitor & betrayal.

The market was rumored investors did not work on the Oilfield, causing lost to Protasco Bhd. Started since November 2012 until September 2014, Chong Ket Pen was the “one & only Executive Director” on Protasco board, and “FULLY RESPONSIBLE” for all works. Who did Chong assigned to work on the project is unknown, perhaps Chong 2 sons Chong Ther Nen and Chong Ther Vern can answer for their father. The market has perceived it’s more likely Chong conveniently put blame on substantial shareholders Ooi & Tey to “remove them from the board” and took Protasco Bhd control.

Can Chong swallow Protasco?

In a nutshell, Chong Ket Pen took Global Capital deal, and he did not honor his deal. He needed to manufacture a blame in order to take control of Protasco to draw benefits to himself.

With the criminal case against Ooi & Tey withdrawn and discharged, the piece of key evidence Chong Ket Pen uses Protasco Bhd to squash out major shareowners Ooi Kock Aun and Tey Por Yee is now proven a sham fabrication. The 3 years 2014-2017 money depleting Protasco accounts vs skyrocket salaries & dividends, shown that Chong Ket Pen’s motive & objective is never on company benefits, but personal incentive driven.

How far can the lies travel to feed Chong’s greed perhaps only Protasco Bhd board of directors lead by “anti-corruption representative” cum Protasco chairman Tan Sri Hadenan Abdul Jalil can answer? Perhaps Hadenan can tell us where goes Protasco monies? (Refers to evidence Utusan newspaper article “Kedudukan Hadenan dalam Protasco jadi tanda tanya” http://www.utusan.com.my/bisnes/korporat/kedudukan-hadenan-dalam-protasco-jadi-tanda-tanya-1.26827)

FNews

source: https://klse.i3investor.com/blogs/Fakenewsmaker/133730.jsp

(copy) Protasco Bhd’s ED Chong salary up 400% to RM4m/FY16 vs RM1m/FY13, company cash plunged from RM280m to RM6m. Where the money goes?

11 September 2017 – Road maintenance and construction company Protasco Bhd had seen the continuous drop in revenue, profit and especially cash flows, from the year 2014 – 2017 Quarter 2. The Cash and Cash Equivalent of the group had plunged to alarming RM6 million as of Q2’FY17, a far cry from RM280 million in the year 2013 (when the company Group Managing Director Chong Ket Pen took control of Protasco Bhd from former substantial shareholders). However, the same period, MD Chong Ket Pen had seen his personal salary and pay package ballooned from RM1 million per year to whopping RM4 million per year, exclude his indirect related parties, count his sons, his share option schemes, and the bizarre bank-borrowed-dividend paid mostly to himself, plus dubious transactions between Protasco Bhd and third-party contractors.

Based on publicly available information on Bursa Malaysia past announcements, Chong Ket Pen upon suddenly took control of Protasco Bhd, had taken not less than RM40 million to himself (note1), out of RM280 million Cash & Cash Equivalent since the year 2013. That does not include questionable RM80 million “other expenses” per year as highlighted by Malaysia Focus, indirectly slip through the audited accounts under Group MD Chong Ket Pen’s personal supervision.

To cover up the Protasco Bhd board of directors mouth to act in concert conceal such devastating facts from public knowledge, latest FT2016 annual report shown Protasco Bhd board of directors and key management, count Chong Ket Pen, Chong Ther Nen & Chong Ther Vern (both Chong’s sons) taking majority of the fees, the gang racked up Protasco Bhd over RM10 million a year.

Comparing to Protasco Bhd year 2002 Revenue vs Profit of RM480 million vs RM40 million; vs the year 2017 Revenue vs Profit of RM1.08 billion vs RM44 million, Protasco Bhd under Chong Ket Pen “sole control” had not performed better, except busy paying money from Protasco Bhd for himself & cronies, as evidence from public records as per Bursa announcements.

Public investors had seen Protasco Bhd share price drop from as high as RM2.20 to as low as RM0.95 in Q1’FY17. Of course, arguably if nobody is sophisticated enough to see through the smoke screen, Chong Ket Pen “has a lot of money” he has taken from Protasco to keep buying Protasco Bhd shares.

As of 11 September 2017 latest Bursa Malaysia announcement, Chong Ket Pen bought another 100,000 Protasco Bhd Shares, total holding 108,727,039 shares or 25.63% enlarged capital.

With not many sophisticated investors in Malaysia to read between the lines, not enough experts in the authorities to see through smoke screens and bogus drama played out by public listed company raiders, the apparent public information available on Bursa Malaysia was neither carefully studied. Paid-publicities such as The Edge and other commercial newspapers, as well as research reports based on hear-say, become commonplace to act as tools of slandering, promotion and speculation.

The market had anticipated such abuses which explain the difference between “owner” and “employee’. As the co-founder cum employee for Protasco Bhd former substantial shareholder, when MD Chong Ket Pen suddenly pulled the show and took control of Protasco Bhd, the released beast out of owners (shareholders) governance turn greedy and taken every shareholder for a ride by enriching himself. Compared to companies ran by actual owners such as Gadang Holdings Bhd, which made FY’2016 RM542 million Revenue and RM100 million Profits, the owner cum MD only took RM1 million per year package. Gadang entire board and management only draw RM2 million in a total yearly package. The “owners” vs “employees” characteristic shall be one of the key indicators for smart investors. Do the math, the numbers speak for investors pertaining to “where the money goes”.

Until the authorities took their PhD from Harvard Business School, public shareholders can only watch the looting and drama going on taking away their cheese. Invest wisely and pray for the best if the system cannot provide trust and justice to your investments. However, a piece of good news – Chong Ket Pen has a lot of money, he will keep buying shares (from money taken from you), so you also benefit a little bit when share price sustained. Good luck!

Business Hedge News

https://klse.i3investor.com/blogs/truebackground/131967.jsp

 

References from Bursa Malaysia announcements, including Annual Reports, quarterly reports & AGM resolutions. Chong Ket Pen took ‘publicly” from Protasco Bhd FY12-FY16 total over RM40 million to himself. Same period, Protasco Bhd Cash & Cash Equivalent vanished from RM280 million to RM6 million Q2’2017.

 

Note1:

 

Year | Chong Ket Pen personal salary per year | Dividend received

————————————————————————————————

2016 RM4.2 million /yr (Chong at age 63), Plus dividend RM6m

2015 RM2.8 million /yr took dividend RM10.4m

2014 RM2.2 million /yr (after Chong took full control of Protasco) took dividend RM4m

2013 RM1.1 million /yr took dividend RM8m

2012 RM1 million /yr (Protasco changed ownership, Chong lost & regain power under new owners)

2011 RM1 million /yr

2010 RM1 million /yr

2009 RM850k/yr

2008 RM850k/yr

2007 RM850k/yr

2006 RM800k/yr

2005 RM800k/yr

2004 RM800k/yr

2003 RM350k/yr

2002 NIL > RM350k/yr (Chong at age 49) Protasco Rev/Profit was RM480m/RM40m

 

 

Annual report source of reference on “directors fees & remuneration”

———————————————-

2016

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=180087&name=EA_DS_ATTACHMENTS

2015

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5079061

2014

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4740505

2013

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4378557

2012

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4371061

2011

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4365537

2010

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4348117

2003

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4270885

 

Chong Ket Pen buys shares record as of 11 September 2017 Bursa announcement:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5539961

Greedy one Protasco No.1 Official Executive officer gets it all?

 

The Witch in Protasco – The No.1 Executive Director turns devil

When someone with bad intention and knows what secrets or bad deed he is hiding or doing, when he turns evil, the facial expression, character and actions will totally expose who he really is. Here is a classic “bad motive” malice character facial expression in comparison.

No1. Executive Director of Protasco: “Mirror Mirror, who is the most charming of all?”

Mirror: “Your coming 2 business partners cum new bosses.”

No1. Executive Director of Protasco: “How to keep my charm?”

Mirror: “induce and cheat them to save yourself, and then kick them out.”

No1. Executive Director of Protasco: “Yes. Let them bite the apple, they trust me so much. Set them up, stab on their heart suddenly when time comes.”

Protasco Bhd graft linked to “Treason”? Yearly RM80mil (US$25mil) “Other Expenses” raised questions. – Focus Malaysia Jan 16, 2015

Kuala Lumpur, Malaysia October 19, 2015 – Construction company one Protasco Bhd, the controversial ownership mystery turns misery during June 2012 – November 2012, and subsequently some blame-game drama since September 2014, had drawn huge interest from both local and foreign authorities to probe the master mind, the No.1 Executive Director of one Protasco Bhd.

One of the key question is the conspiracy of board room fight surrounding some RM68mil (US$22mil) failed project seems dwarfed, when authorities started to probe into the real cover ups. The person who spills the bean is obviously the No.1 Executive Director of one Protasco Bhd, and some 5 innocent former statesmen names were handed over by the No.1 Executive Director to the authorities in hope to spare himself out of some RM2 billion (US$600mil) graft and tax evasion probe.

Thanks to the No.1 Executive Director of one Protasco Bhd, financial daily Focus Malaysia on Jan 16, 2015, reveal some dubious accounting practice discovered from financial report of public listed company, one Protasco Bhd.*1

Note*1:

Source: http://webcache.googleusercontent.com/search?q=cache:lbvije5sm-sJ:iportal.protasco.com.my/index.php/com-phocadownload-licenses/news/1853-focus-malaysia-protasco-addresses-expenses-issue+&cd=1&hl=en&ct=clnk

According to Focus Malaysia, matches with one Protasco Bhd’ Bursa Malaysia record during the 12 years period when the No.1 Executive Director is fully in-charged of the operation, involves moving of huge fees out of one Protasco Bhd and hid inside accounting report categorise as “other expenses”, amount as high as RM80mil (US$25mil) yearly. The amount involved would fetch close to RM1 billion (US$300mil) over the period.

Consensus among other similar construction companies also reveal the extraordinary huge gross profit margin awarded to one Protasco Bhd road construction and maintenance contracts, as high as 45%. However, despite huge margin, one Protasco Bhd reported exceptionally lower net profit compared to industry standards. The huge gap of about RM200mil (US$60mil) per year of un-accounted cost across 12 years would fetch close to RM2.4 billion (US$750mil).

When the No.1 Executive Director of one Protasco Bhd spills the bean, every publicity he manufactured to draws negative publicity towards his victims (the major shareholders of one Protasco Bhd who bought over former owner’s one Protasco Bhd shares), at the end he draws more questions and attention to himself, his cronies and one Protasco Bhd.

Bizarre discovery is shocking when the No.1 Executive Director of one Protasco Bhd gave away 5 former regime statesmen names to wash his hands clean, escalated to mass investigation and probe on potential money trail funding the rebellion forces, blackmails and mysterious character assasinations of the “Malaysia current regime” No.1 statesman. “Thanks to the No.1 Executive Officer of one Protasco Bhd, a simple personal greed and reckless blame game is now a national issue. Protasco Bhd is confirmed linked to the forces of treason.” according to sources knowing the matters.

Chart below shows how one Protasco Bhd’s No.1 Executive Director spills the bean and how he sold old regime to new regime, and vice versa, betray both sides to posses what he stolen from Protasco major shareholders (the one Protasco Bhd).

“The way the No.1 Executive Director of one Protasco Bhd trying to buy into current regime by giving away 5 former regime statesmen names is suicidal, a work of traitor. Worst of all, the graft money were one of the main source of funding which cause problems to current regime, No.1 Executive Director screw up current regime big time. The similar Modus Operandi the No.1 Executive Director of one Protasco Bhd to set up, fabricate evidence and put the blame to win his board room fight by betraying his own major shareholders confirm his characters. Both way old and new regime he tried to make good, he actually betrayed and stab on their backs, and sold everyone for his own greed. A classic act of treason.” added the officer.*2

Note*2 treason – the crime of betraying one’s country, especially by attempting to kill the sovereign or overthrow the government. Former owner of one Protasco Bhd is one of the core pillar in former regime, and main controversial funding forces behind current regime’s publicity & sovereign issues.

Business publicity to create illusion that one Protasco Bhd trying to tie or show public he has interest with current regime is a dangerous double agent spy game. Such effort count Putrajaya PP1M public servant housing project in order to “borrow glamor” standing beside the statesmen Chief Secretary to the Government Tan Sri Dr Ali Hamsa is one of the most obvious. The fabrication of perception to brand himself having “control & influence” over Royal Police of Malaysia (PDRM) could trace back to his finger prints trying to put Protasco Bhd name (and his name) beside Police Cooperative Organisation (Koperasi Polis), in a project dealing, is another hard sell plan to cover up and “legitimise” his conspiracy. The mask behind associating his name with Chinese Business Organisations and series of fabricated charity shows among others, are some of the cleansing work using one Protasco Bhd money to polish the No.1 Executive Officer name.

“Chong Ket Pen (the No.1 Executive Officer of one Protasco Bhd) trying to fabricate evidence and telling everyone the illegally obtained one Protasco Bhd by himself is legitimate, doesn’t means he is clean; same as the victims being put the blame and blackmail by his manufactured evidence doesn’t mean they are wrong. Criminal partnership or stands beside police doesn’t mean he is not criminal no more. It’s a shame and it’s nonsense. The relevant authorities will know what to do when time comes.” commented the officer.

“Corruption and graft at the people of the country expense itself is crime. The more mistakes the No.1 Executive Director of one Protasco Bhd committed, the more dirt of himself shall self reveal and backfires.” added the officer.