Anyone heard or is using Weber Meyer fiber internet?

I saw flyers at my condo they are offering 1000Mbps @ RM99 hoping to get feedback good or bad.

Thanks

Fictitious capital injection into Aries

In June 2010, three offshore companies — Primawin Ltd, Arab Emirates Capital Ltd and China Finance Ltd (all of which are defendants) — purportedly injected RM396 million into Open Fibre Sdn Bhd for the latter to acquire a 91% stake in Aries.

RM8 million bribe for a RM400 million loan
The court filing states that Aries’ former managing director Datuk Wira Ranjeet (the 13th defendant) paid Zafer an RM8 million bribe through Datuk Noorusa’adah Othman (the 14th defendant) — a former senior corporate finance officer to Tan Sri Syed Yusof Syed Nasir, who in turn is a former chairman and director of Aries. Syed Yusof is not among the defendants in the case.

Inflated invoices and site discrepancies

Between July 2012 and 2016, Aries allegedly made RM499 million in payments to Paneagle Holdings — which exceeded the value of contracts for the fibre-optic project.

The invoices issued by Paneagle Holdings for the payments did not contain supporting documents to indicate proper verification of the work done.

“In essence, the invoices by Paneagle Holdings do not appear to have been for actual work done or equipment supplied for the project. The invoices also appear to be inflated,” states BPMB in its legal filing.

For instance, Aries had also engaged several other contractor s, including Scot Technology (M) Sdn Bhd and Excel Concept and Services, for the construction of air-conditioned cabins for the project at RM87,000 per cabin, which was significantly lower than the RM782,000 per cabin rate it agreed to in its contract with Paneagle Holdings.

In January 2016, Aries allegedly issued fictitious payment vouchers amounting to RM9 million to Paneagle Holdings, which were also not backed by any supporting documents.

This Western name ISP which emerged out of nowhere is a spinoff subsidiary of Paneagle Infratek which was also the company behind many questionable ISPs such as VC Telecoms and Aries Telecoms in the past.

They all had involvement of controversial figures such as Tan Sri KK Eswaran and Indon tycoons back in those bossku days.



What happened to Aries Telecom (Source Tenaga's own website)?

TNB Newsclip Archive
https://www.tnb.com.my/assets/newsclip/04072022d.pdf

Special Report: What happened at Aries Telecoms? A RM400 million loan for an incomplete fibre-optic project
https://www.klsescreener.com/v2/news/view/1...e-optic-project
Hope this clears up some of your questions, TS.

This Western name ISP which emerged out of nowhere is a spinoff subsidiary of Paneagle Infratek which was also the company behind many questionable ISPs such as VC Telecoms and Aries Telecoms in the past.

They all had involvement of controversial figures such as Tan Sri KK Eswaran and Indon tycoons back in those bossku days.



What happened to Aries Telecom (Source Tenaga's own website)?

TNB Newsclip Archive
https://www.tnb.com.my/assets/newsclip/04072022d.pdf

Special Report: What happened at Aries Telecoms? A RM400 million loan for an incomplete fibre-optic project
https://www.klsescreener.com/v2/news/view/1...e-optic-project
Hope this clears up some of your questions, TS.