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 BREAK:Siapa arah CEO TIMEdotcom beli Fashion Valet

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TSMedusakia
post Nov 8 2024, 10:21 PM, updated 2y ago

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MENGAPA KHAZANAH DAN PNB JUAL SAHAM HARGA RM3.1 JUTA?

MYEG sendiri mempunyai saham yang lebih besar berbanding Khazanah dan PNB sebelum ini. Tidak pula MYEG menjual kepentingannya serendah RM3 juta? Ada sesuatu tidak kena. Yang jual serendah RM3.1 juta ialah Khazanah dan PNB tetapi yang salah Vivy Yusof dan suaminya? Bukan Vivy yang mengarahkan Khazanah dan PNB menjual kepentingan mereka.

Kedudukan terbaru Fashion Valet tidak jauh berubah hanya NXBT Partnes Sdn Bhd saja pemegang saham baharu selepas membeli saham Khazanah dan PNB. Rugi ya tetap rugi cuma kerugian meningkat kepada RM34.5 juta selepas cukai. Walaupun jualan tahunannya RM112 juta untuk tahun 2023

Sekalipun rugi pihak yang melabur lama seperti TS Wong MyEG tidak pula melupuskan saham mereka dalam Fashion Valet? Jadi mengapa Khazanah dan PNB menjual saham mereka dengan nilai RM3.1 juta? Jika dulu melabur RM47 juta mengapa Khazanah dan PNB menjual serendah itu?

MENGAPA KHAZANAH DAN PNB JUAL SAHAMNYA KEPADA NXBT PARTNERS SDN BHD?

Syarikat NXBT Partners Sdn Bhd membeli saham Khazanah dan PNB semurah RM3.1 juta dimiliki Afzal Abdul Rahim, CEO TIME dotCom Bhd. Sekali lagi dalam rekod menunjukkan syarikat pemegangan pelaburan yang dikawal oleh Afzal Abdul Rahim ini sebuah syarikat yang rugi.

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Apa hubungan Afzal Abdul Rahim, CEO TIME dotCom Bhd dengan Khazanah? Afzal merupakan kroni kesayangan kepada Khazanah!

Khazanah memegang 32.34% pegangan dalam TIME dotcom Bhd, setakat 22 Julai tahun ini sama ada secara langsung atau tidak langsung. Melalui Pulau Kapas Ventures Sdn Bhd (Khazanah), Global Transit International Sdn Bhd (GTI) dan Megawisra Investment memegang 25%.

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KHAZANAH ARAH AFDZAL ABDUL RAHIM BELI FASHION VALET YANG RUGI

Afzal Abdul Rahim, Pulau Kapas Ventures Sdn Bhd, NXBT Partners Sdn Bhd dan TIME dotCom Bhd tidak pernah terlibat dalam Fashion Valet Sdn Bhd namun tiba-tiba Khazanah dan PNB menjual saham mereka semurah RM3.1 juta kepada Afzal Abdul Rahim. Tidak mengapa Khazanah dan PNB rugi RM43.9 juta yang penting kepentingan Khazanah sudah terjual. Kerajaan rugi tetapi Afzal Abdul Rahim membeli dengan diskaun lebih banyak.

Mengapa Afzal Abdul Rahim sanggup membeli saham Fashion Valet itu walau tahu syarikat itu rugi lebih RM30 juta untuk tahun 2023? Mungkinkah beliau perlukan syarikat hasil tahunannya lebih RM 100 juta dan juga kerugian syarikat puluhan juta untuk pelepasan cukainya? Atau mungkin juga beliau mahu menstruktur semula Fashion Valet.

Jawapannya lain ialah kenang budi Afzal Abdul Rahim kepada Khazanah yang menguntungkan TIME dotCom Bhd jadi Afzal Abdul Rahim perlu membalas balik Khazanah walau dapat ‘cash cow’ RM3.1 juta. Untung jual saham TIME dotCom saja RM357 juta apalah sangat RM3.1 juta!

Terdapat sumber Afzal Abdul Rahim mengarahkan Vivy Yusof dan suaminya Fadzaruddin meletak jawatan meninggakan Fashion Valet. Vivy Yusof dan Fadzaruddin tidak perlu akur meletak jawatan kerana mereka merupakan pengasas syarikat . Jika Afzal Abdul Rahim mahu membeli saham Fashion Valet dia sepatutnya mengemukakan tawaran bukan dengan cara kotor menggunakan saham Khazanah dan PNB untuk merampas Fashion Valet. Nilai harga rendah RM3.1 juta oleh Afzal memudahkan mereka untuk memaksa Vivy Yusof, suami dan Dato’ Yusof menjual saham mereka lebih rendah selain menghukum dengan persepsi rakyat kerugian dana kerajaan itu

SPRM digesa menyiasat Afzal Abdul Rahim bagaimana beliau boleh mendapat saham itu daripada Khazanah dan PNB? Siapa dalam Khazanah dan MOF meluluskan penjualan saham mereka. Bukankah ini jelas satu ‘kepentingan’Conflict of Interest’ Afzal Abdul Rahim dengan Khazanah? sanggup rugi tetapi untung saham dalam syarikat TIME dotCom Bhd.

SPRM boleh menyiasat di bawah Seksyen 165 Kanun Keseksaan jika ada penjawat awam daripada MOF atau Khazanah menerima benda berharga tanpa balasan yang mencukupi. Sekalipun rugi Afzal tetap membeli saham Fashion Valet kerana arahan pegawai MOF atau Khazanah kerana beliau sudah mendapat manfaat keuntungan ratusan juta bersama Khazanah di TIME dotCom Bhd.

Menyalahkan Vivy Yusof hanya satu strategi menutup kesalahan pegawai MOF dan Khazanah kerana jelas Fashion Valet memang rugi dalam tempoh 10 tahun tetapi Khazanah tetap memberi dana kepada Fashion Valet. Siapa yang meluluskan RM47 juta kepada Fashion Valet? dan hari ini sekali lagi siapa pegawai MOF dan Khazanah yang meluluskan kerajaan menjual saham bernilai RM47 juta itu dengan nilai paling teruk RM3.1 juta? Siapa Pegawai MOF ke? Pengarah Urusan Khazanah ke? Ini sepatutnya diburu.

Jangan sampai ada pihak mendedahkan Afzal Abdul Rahim pernah menjual syarikatnya di Thailand bernilai lebih RM700 juta. Ada bayar cukai di Thailand dan Malaysia? Duit itu dibawa balik ke Malaysia?

Dalam beberapa siri pelaburan Khazanah kepada syarikat lain banyak juga yang rugi. Kita akan kupas beberapa syarikat lain yang diberi dana selain Fashion Valet yang rugi malah nilainya lebih besar mencecah berbilion ringgit. Napoleon kecil di Khazanah sedang buat kerja sebagaimana dakwaan siasatan SPRM terhadap anak syarikat Khazanah Xeraya Capital. Pengarah Urusan Khazanah Dato’ Amirul Feisal Wan Zahir sedang menyakau bersama adiknya Fares Zahir. Masih ramai Napoleon kecil di Khazanah akan dibongkar sejak sekian lama.

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https://thecorporatessecret.com/blog/2024/1...rga-rm3-1-juta/
mick84
post Nov 8 2024, 10:32 PM

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That's the point!!

Vivy is a failed businesswomen, that's a fact. buta pun tau.

If losing 4X mil is peanut for Khazanah dan PNB, 3mil lagi kacang putih for them.

MACC should investigate Khazanah dan PNB too, not just focus on Vivy and husband only, scapegoat je.
e-lite
post Nov 8 2024, 10:34 PM

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paling tertindas
Jaymeeeee
post Nov 8 2024, 10:35 PM

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Drain the swamp!!! Owaii
ListenToTheWind
post Nov 8 2024, 10:45 PM

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If they can simply toy with public fund such as ASM, ASB, I am very worried they could siphon from our KWSP too
max_cavalera
post Nov 8 2024, 10:51 PM

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QUOTE(mick84 @ Nov 8 2024, 11:32 PM)
That's the point!!

Vivy is a failed businesswomen, that's a fact. buta pun tau.

If losing 4X mil is peanut for Khazanah dan PNB, 3mil lagi kacang putih for them.

MACC should investigate Khazanah dan PNB too, not just focus on Vivy and husband only, scapegoat je.
*
How the power couple siphoned out rm90mil+ from Fashionvalet to…

https://says.com/my/news/fashionvalet-purch...from-vivy-yusof
h@ksam
post Nov 8 2024, 10:54 PM

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novblaze
post Nov 8 2024, 10:56 PM

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QUOTE(h@ksam @ Nov 8 2024, 10:54 PM)
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Alice in wonderland
Reality740716
post Nov 8 2024, 10:57 PM

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Company money went in , but out o pocket who is key player . Not in local bank , but twis bank for sure .
dagnarus
post Nov 8 2024, 11:07 PM

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Baru tahu je?
Fork
post Nov 8 2024, 11:11 PM

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and85rew
post Nov 8 2024, 11:14 PM

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what a waste of public funds
lowyatfag
post Nov 8 2024, 11:17 PM

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30 years old meh?
forgotoldlogin
post Nov 8 2024, 11:27 PM

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What assets does this FV have besides brands. Do they have own production lines? Rm3ml is still expensive considering the loss

If I investor, I also will pull the hostile takeover card. Just because that person is founder, doesn't mean get to seat on throne forever.
motherland
post Nov 8 2024, 11:27 PM

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Thats all folk this will lead to nothing, it will continue to feed the greed, and people wonder why does this country not going anywhere
rollinginsodeep
post Nov 8 2024, 11:30 PM

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Okay I read it, but to be honest ayam dont understand

How the fark does Pulau Kapas ventures got 711 million in profit? Just HOW?????? Does internet Fiber business really that untung?????!!

And btw, is all of this a legitimate business deal?
Or is this some kind of like 1MDB thing that we just discover?
langstrasse
post Nov 8 2024, 11:34 PM

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Kasi chan la bermaaf maafan is amalan mulia

I’m sure they didn’t mean to lose money kan
hZa23
post Nov 8 2024, 11:37 PM

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Lets wipe them all this filth of greed in a kind to dungeon of judgement and hell..
killdavid
post Nov 8 2024, 11:39 PM

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QUOTE(max_cavalera @ Nov 8 2024, 10:51 PM)
How the power couple siphoned out rm90mil+ from Fashionvalet to…

https://says.com/my/news/fashionvalet-purch...from-vivy-yusof
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Pandai nyer berniaga
prdkancil
post Nov 8 2024, 11:43 PM

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kalau tak songlap bukan type .......
max_cavalera
post Nov 9 2024, 07:38 AM

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QUOTE(killdavid @ Nov 9 2024, 12:39 AM)
Pandai nyer berniaga
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Avex
post Nov 9 2024, 07:48 AM

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janji ore kite pegang
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post Nov 9 2024, 07:56 AM

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Public fund wasted like this due to support apartheid earth business...
p4n6
post Nov 9 2024, 08:02 AM

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QUOTE(mick84 @ Nov 8 2024, 10:32 PM)
That's the point!!

Vivy is a failed businesswomen, that's a fact. buta pun tau.

If losing 4X mil is peanut for Khazanah dan PNB, 3mil lagi kacang putih for them.

MACC should investigate Khazanah dan PNB too, not just focus on Vivy and husband only, scapegoat je.
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PMX should ask MACC chief to investigate Khazanah Chairman and Finance Minister for the failed investment… should resign
DarkNite
post Nov 9 2024, 08:03 AM

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QUOTE(mick84 @ Nov 8 2024, 10:32 PM)
That's the point!!
» Click to show Spoiler - click again to hide... «


MACC should investigate Khazanah dan PNB too,
» Click to show Spoiler - click again to hide... «

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Biryani ke? hmm.gif
mick84
post Nov 9 2024, 08:04 AM

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QUOTE(p4n6 @ Nov 9 2024, 08:02 AM)
PMX should ask MACC chief to investigate Khazanah Chairman and Finance Minister for the failed investment… should resign
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Investigate the 1 who agree to invest, and the 1 who agree to sell. Both
kelvinfixx
post Nov 9 2024, 08:04 AM

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Vivy and husband must return all the money.

Khazanah and PNB should be investigated and return all money.

All must be prosecuted and put into jail.

zero tolerant to corruption.

Malaysia the best in Asean I can ensure you.

This post has been edited by kelvinfixx: Nov 9 2024, 08:04 AM
DarkAeon
post Nov 9 2024, 08:04 AM

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QUOTE(max_cavalera @ Nov 8 2024, 10:51 PM)
How the power couple siphoned out rm90mil+ from Fashionvalet to…

https://says.com/my/news/fashionvalet-purch...from-vivy-yusof
*
lol. after get investment money buy own company for 95 mil

kek
p4n6
post Nov 9 2024, 08:06 AM

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QUOTE(kelvinfixx @ Nov 9 2024, 08:04 AM)
Vivy and husband must return all the money.

Khazanah and PNB should be investigated and return all money.

All must be prosecuted and put into jail.

zero tolerant to corruption.

Malaysia the best in Asean I can ensure you.
*
Not a loan. Money was invested in business, business failed…
I invest in a company share, the stock price down, i can ask for refund?
kelvinfixx
post Nov 9 2024, 08:07 AM

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QUOTE(p4n6 @ Nov 9 2024, 08:06 AM)
Not a loan. Money was invested in business, business failed…
I invest in a company share, the stock price down, i can ask for refund?
*
yes if that is investment, but this is a deal not a investment.

corruption on going.

real businessman is different.

dont defend the corrupt businesses.

This post has been edited by kelvinfixx: Nov 9 2024, 08:08 AM
etan26
post Nov 9 2024, 08:18 AM

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Apa salahan nya? Masuk poket sendiri pun tak boleh ...owai
andyng38
post Nov 9 2024, 08:23 AM

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QUOTE(novblaze @ Nov 8 2024, 10:56 PM)
Alice in wonderland
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max_cavalera
post Nov 9 2024, 08:45 AM

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QUOTE(andyng38 @ Nov 9 2024, 09:23 AM)
Malice in BolehLand
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myasiahobby
post Nov 9 2024, 08:51 AM

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Just put blame on others

Inb4 ini semua salah______
akecema
post Nov 9 2024, 09:24 AM

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QUOTE(p4n6 @ Nov 9 2024, 08:06 AM)
Not a loan. Money was invested in business, business failed…
I invest in a company share, the stock price down, i can ask for refund?
*
When u do investment, u will check company profile n data
Can profit in future can predict
That how u shloud make investments

If u invest because that company founder by your ex setiausaha sulit daughter then u gg-ed
SUSasx26365
post Nov 9 2024, 09:28 AM

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Khazanah needs overhaul cleansing.
alanyuppie
post Nov 9 2024, 09:35 AM

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QUOTE(kelvinfixx @ Nov 9 2024, 09:07 AM)
yes if that is investment, but this is a deal not a investment.

corruption on going.

real businessman is different.

dont defend the corrupt businesses.
*
simps: business failed. move along now


thats the whole point MACC investigation, whether the decision to fail the business is unintentional or deliberate scheme to benefit multiple parties.

For all we know.... the following conversation might took place behind closed doors
QUOTE
A: ok.. we decided to fund you $xxx, but you know what to do next la
B: ok.. understood
A: here's the plan.....
B: sounds good to me.. I'm a influencer, not a businessperson anyway.  My endgame is to earn $$$$.  Your plan is ingenious
A: Hail hydra  bumi!

This post has been edited by alanyuppie: Nov 9 2024, 09:38 AM
gashout
post Nov 9 2024, 09:38 AM

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QUOTE(max_cavalera @ Nov 8 2024, 10:51 PM)
How the power couple siphoned out rm90mil+ from Fashionvalet to…

https://says.com/my/news/fashionvalet-purch...from-vivy-yusof
*
This I don't understand though I see the headline everywhere. What does it mean

Khazanah invest 47 mil on FV. Ok
Same yr. Vavi bought duck for 95 mil.. So.... What does this mean

Own Vavi pocket? She bought the company she owns herself??
gashout
post Nov 9 2024, 09:38 AM

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Semua salah DAPig

Semua salah non bagi rasuah.

Kejam..
gashout
post Nov 9 2024, 09:40 AM

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QUOTE(DarkAeon @ Nov 9 2024, 08:04 AM)
lol. after get investment money buy own company for 95 mil

kek
*
So this is key.

But how do you buy own company???? Using another company name FV to buy company duck?


vexus
post Nov 9 2024, 09:40 AM

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QUOTE(Lancer07 @ Nov 9 2024, 07:56 AM)
Public fund wasted like this due to support apartheid earth business...
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not your money, not my money
submergedx
post Nov 9 2024, 09:42 AM

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: you guys get a life la

OWAI
cubiclecarbonate
post Nov 9 2024, 10:00 AM

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Should learn how the money trick with these experts

Might be valuable to increase company revenue

Owai
akecema
post Nov 9 2024, 10:05 AM

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QUOTE(cubiclecarbonate @ Nov 9 2024, 10:00 AM)
Should learn how the money trick with these experts

Might be valuable to increase company revenue

Owai
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All know the trick bro
Ada cable ada wang
cubiclecarbonate
post Nov 9 2024, 10:06 AM

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QUOTE(akecema @ Nov 9 2024, 10:05 AM)
All know the trick bro
Ada cable ada wang
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On paper also. It takes times until it was revealed.

Like how you pusing2 the budget approval paper
nearlee
post Nov 9 2024, 10:11 AM

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GagalLand
post Nov 9 2024, 10:16 AM

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Because they know fashionvalet is a scam, dik
delon85
post Nov 9 2024, 10:19 AM

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QUOTE(prdkancil @ Nov 8 2024, 11:43 PM)
kalau tak songlap bukan type .......
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ycs
post Nov 9 2024, 10:22 AM

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this is wat they do best
TSMedusakia
post Nov 9 2024, 10:28 AM

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QUOTE(gashout @ Nov 9 2024, 09:38 AM)
This I don't understand though I see the headline everywhere. What does it mean

Khazanah invest 47 mil on FV. Ok
Same yr. Vavi bought duck for 95 mil.. So.... What does this mean

Own Vavi pocket? She bought the company she owns herself??
*
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post Nov 9 2024, 10:31 AM

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QUOTE(p4n6 @ Nov 9 2024, 08:06 AM)
Not a loan. Money was invested in business, business failed…
I invest in a company share, the stock price down, i can ask for refund?
*
Even when u r doing investment, you'll be doing your own research and due diligence. No?
Same goes to this so call "investment". Massive red flag all over.
From the day reported on news regarding this investment, ktards here already predicted it's going to fail big time.

lotussgot
post Nov 9 2024, 11:08 AM

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bijan have a hand in this ?


ps3 fanboy
post Nov 9 2024, 11:16 AM

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Insider trading now rampant
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post Nov 9 2024, 11:36 AM

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This FV fiasco reminded me of the MAS Tajudin Ramli corrupt practice.
Very similar MO where a greedy businessman work with a government insider to steal money from the govt coffer.

QUOTE
THE SAGA OF TAJUDIN RAMLI

April 2002 — Danaharta terminates the agreement and demands Tajudin pay RM1.61 billion. Danaharta subsequently raises RM717.39 million from the sale of his pledged shares in TRI. It also disposes of his 45% stake in Naluri Bhd.

2002 — MAS lodges police report against Tajudin for allegedly causing the flag carrier to suffer losses in excess of RM8 billion. It alleges that the relocation of MAS’ cargo operations in Amsterdam and Frankfurt to a single hub in Hahn, Germany, has caused losses of between RM10 million and RM16 million a month. When the government took over MAS in 2001, the project was terminated and resulted in a RM300 million arbitration claim against the national carrier.

2003 — Danaharta disposes of TRI which controls Celcom to Telekom Malaysia Bhd ™ to reduce Tajudin’s debts

Dec 2005 — The High Court awards summary judgment in favour of Danaharta and two of its subsidiaries against Tajudin for RM589.14 million together with interest at 2% above the base lending rate of Malayan Banking Bhd.

May 2006 — Danaharta commences action to recover the amount outstanding as of Dec 31, 2005 of RM589.14 million.

June 2006 — Tajudin counter-claims for a total of RM13.36 billion in relief from the government, TM, Telekom Enterprise Sdn Bhd and TRI. He also names some 22 individuals in his counter-claim. In his counter-claim, Tajudin contends he is forced to buy MAS by former prime minister Tun Dr Mahathir Mohamad and former finance minister Tun Daim Zainuddin.

2009 — On Dec 7, the High Court gives judgment in favour of Danaharta in its claim of RM589.14 million against Tajudin with interest backdated to Jan 1, 2006.

2010 — In January, the Court of Appeal allows Tajudin’s application for stay of execution pending appeal.

March 2011 — Dr Mahathir denied in his autobiography a Doctor in the House; The Memoirs of Tun Dr Mahathir Mohamad that he and Daim had forced Tajudin to acquire 32% in MAS in 1994 for RM1.8 million. “He wanted to swap his Malaysian Helicopter shares (a company with two aircraft) for MAS shares (a company with well over 60 aircraft). The government rejected his plan and asked that he pay in cash instead, which forced him to borrow RM1.8 billion”, he wrote. “He was therefore not coerced by the government to buy the shares, but was forced by his own modest collateral to borrow heavily,” Dr Mahathir wrote in his book.

Aug 11, 2011 — Putrajaya directs all government-linked companies (GLC), including MAS and Danaharta, to cease all suits against Tajudin.

Aug 12, 2011 — Minister in the Prime Minister’s Office Datuk Seri Nazri Aziz, who issued the letter to the GLCs, said he had asked the companies to withdraw their suits worth at least RM2 billion to buy time for all parties concerned to reach a win-win agreement. He also said the move could save the government billions in legal claims.

Aug 12, 2011 — Prime Minister Datuk Seri Najib Razak said his administration’s intervention in Tajudin’s civil cases should not be viewed as an “out-of-court settlement”.

Aug 17, 2011 — TM and MAS, in filings with Bursa Malaysia, said they received a letter from the government with regard to the withdrawal of suits against Tajudin. However, Atlan Holdings Bhd (which had acquired a controlling stake in Naluri from Danaharta) and Axiata Group Bhd denied they received such a letter.

Aug 18, 2011 — CIMB Group Holdings Bhd told Bursa Malaysia it had yet to receive any letter from the government asking it to “settle out of court” with Tajudin.

Oct 6, 2011 — Nazri, in his written reply to Ipoh Timur MP Lim Kit Siang, said Tajudin had breached Section 131 of Companies Act 1965 for failing to disclose his interest during his tenure in the national carrier. Nazri also said Tajudin had applied to the Attorney-General’s Chambers to postpone the compound against him until the civil action is completed.

Oct 14, 2011 — Case management of suit between Danaharta and Tajudin at the Court of Appeal involving judgment of RM589.14 million. Court fixes case to be heard at the Court of Appeal from Feb 13 to Feb 15, 2012.

Jan 27, 2012 — Tajudin applies to the Court of Appeal to adjourn hearing of case until, stating that he has been requested by Danaharta to do so to enable settlement of the cases to be finalised “out of court”.Jan 31, 2012 — High Court disallows application for adjournment of cases involving Tajudin and orders that case management (of cases in High Court) to proceed as scheduled on March 8, 2012.

The saga of Tajudin Ramli
The 21 years of mismanagement that brought MAS to its knees

This kind of corrupt practice isn't new, especially in Malaysia. We lost billions through all these lopsided deals.
Some people downplay this issue because 47 million is just a small figure compared to billions of investmnets by Khazanah and PNB, but they seem to forget that this is but one symptom of a series of sick practices done by these greedy people. We need to keep talking about this and get everyone held accountable, otherwise another similar fiasco will apprear in the near future, one that may even reach in the billions of malaysian ringgit lose.

Personally, I really want these rich fucks to get harsher punisments, not just fines and jail time.

user posted image
gashout
post Nov 9 2024, 11:42 AM

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QUOTE(Medusakia @ Nov 9 2024, 10:28 AM)
user posted image
*
Ohhhh. Thanks for this.
poooky
post Nov 9 2024, 11:56 AM

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QUOTE(ListenToTheWind @ Nov 8 2024, 10:45 PM)
If they can simply toy with public fund such as ASM, ASB, I am very worried they could siphon from our KWSP too
*
KWSP funds lagi sedap. Lock in until 55 - 60 yrs old + implement withdrawal limits and 80% of new investments invest locally. This one is businessman's dream, simple goreng² win lose is next generation's problem.
p4n6
post Nov 9 2024, 11:59 AM

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QUOTE(kelvinfixx @ Nov 9 2024, 08:07 AM)
yes if that is investment, but this is a deal not a investment.

corruption on going.

real businessman is different.

dont defend the corrupt businesses.
*
I mean not Khazanah fault but if there is corruption in FashionValet then shall follow law to punish them.

Having say that FValet not the only failed biz by Khazanah.

It is the most viral one cause the founder is Social media influencer that like to flash richness …

I bet there will be some Khazanah portfolio in which biz also loss money but continue on due to biz owner is someone influential …

(Chorus)
*Khazanah invest in Business
Owner ATM from Business
Business Close
Khazanah Lost Money

Repeat Chorus*

Gov every year also has allocation for Usahawan fund, also utilized this way .. Influential people go backroute get it approved as pocket money every year…

This post has been edited by p4n6: Nov 9 2024, 12:04 PM
bigduck
post Nov 9 2024, 12:01 PM

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what a path to CEO

2 years exec
2 years manager
2 years director
then terus CEO
Jaymeeeee
post Nov 9 2024, 01:05 PM

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QUOTE(bigduck @ Nov 9 2024, 12:01 PM)
what a path to CEO

2 years exec
2 years manager
2 years director
then terus CEO
*
People hard work la... Jangan dengki okay?
Owaii
bigduck
post Nov 9 2024, 01:07 PM

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QUOTE(Jaymeeeee @ Nov 9 2024, 01:05 PM)
People hard work la... Jangan dengki okay?
Owaii
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this will motivate me to work harder!
lotussgot
post Nov 9 2024, 01:08 PM

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Lets hope PMX is really going after these big scammers in Khazanah .

If they make money it goes into their own pockets , if lose money , there goes the Raykat's money.

What a way to get rich for these orens

Pls unroot more money losing ventures of Khazanah
Szzz
post Nov 9 2024, 01:15 PM

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QUOTE(lotussgot @ Nov 9 2024, 01:08 PM)
Lets hope PMX is really going after these big scammers in Khazanah .

If they make money it goes into their own pockets , if lose money , there goes  the Raykat's money.

What a way to get rich for these orens

Pls unroot more money losing ventures of Khazanah
*
zahidlaugh.jpg
eddystorm
post Nov 9 2024, 01:17 PM

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Oren really rich lel
TSMedusakia
post Nov 9 2024, 01:57 PM

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QUOTE(lotussgot @ Nov 9 2024, 01:08 PM)
Lets hope PMX is really going after these big scammers in Khazanah .

If they make money it goes into their own pockets , if lose money , there goes  the Raykat's money.

What a way to get rich for these orens

Pls unroot more money losing ventures of Khazanah
*
Who decided to sell 3.1m to crony CEO?
akecema
post Nov 9 2024, 02:19 PM

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QUOTE(lotussgot @ Nov 9 2024, 01:08 PM)
Lets hope PMX is really going after these big scammers in Khazanah .

If they make money it goes into their own pockets , if lose money , there goes  the Raykat's money.

What a way to get rich for these orens

Pls unroot more money losing ventures of Khazanah
*
if u dunno la, vivy is anwar ex setiausaha sulit daugther
Kpjh
post Nov 9 2024, 03:39 PM

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QUOTE(p4n6 @ Nov 9 2024, 11:59 AM)
I mean not Khazanah fault but if there is corruption in FashionValet then shall follow law to punish them.

Having say that FValet not the only failed biz by Khazanah.

It is the most viral one cause the founder is Social media influencer that like to flash richness …

I bet there will be some Khazanah portfolio in which biz also loss money but continue on due to biz owner is someone influential …

(Chorus)
*Khazanah invest in Business
Owner ATM from Business
Business Close
Khazanah Lost Money

Repeat Chorus*

Gov every year also has allocation for Usahawan fund, also utilized this way .. Influential people go backroute get it approved as pocket money every year…
*
Like that big prawn biz, blue archipelago.
Chisinlouz
post Nov 9 2024, 05:57 PM

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Lepas maaf²an nanti tolong luper ya 🫰
DarkAeon
post Nov 9 2024, 06:02 PM

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QUOTE(p4n6 @ Nov 9 2024, 11:59 AM)
I mean not Khazanah fault but if there is corruption in FashionValet then shall follow law to punish them.

Having say that FValet not the only failed biz by Khazanah.

It is the most viral one cause the founder is Social media influencer that like to flash richness …

I bet there will be some Khazanah portfolio in which biz also loss money but continue on due to biz owner is someone influential …

(Chorus)
*Khazanah invest in Business
Owner ATM from Business
Business Close
Khazanah Lost Money

Repeat Chorus*

Gov every year also has allocation for Usahawan fund, also utilized this way .. Influential people go backroute get it approved as pocket money every year…
*
usually, after invested in a company, the investor will request audited yearly financial report, along with briefing of key activities of the year

so if khazanah knew about the dubious company purchases then question is, why didn't it ring alarm bells? so question is, did khazanah know about this

and if khazanah was deceived or was not informed then straight is criminal case ady
gashout
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QUOTE(eddystorm @ Nov 9 2024, 01:17 PM)
Oren really rich lel
*
And the case became huge because non dengki bila M berjaya...

Don't dengki, yalll
gashout
post Nov 9 2024, 06:10 PM

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QUOTE(DarkAeon @ Nov 9 2024, 06:02 PM)
usually, after invested in a company, the investor will request audited yearly financial report, along with briefing of key activities of the year

so if khazanah knew about the dubious company purchases then question is, why didn't it ring alarm bells? so question is, did khazanah know about this

and if khazanah was deceived or was not informed then straight is criminal case ady
*
When do we wanna draw family tree...
gashout
post Nov 9 2024, 06:12 PM

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QUOTE(submergedx @ Nov 9 2024, 09:42 AM)
: you guys get a life la

OWAI
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Jangan buka aib!
SUSahter
post Nov 9 2024, 06:20 PM

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Khazanah Melayu. Kek
p4n6
post Nov 9 2024, 06:29 PM

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QUOTE(DarkAeon @ Nov 9 2024, 06:02 PM)
usually, after invested in a company, the investor will request audited yearly financial report, along with briefing of key activities of the year

so if khazanah knew about the dubious company purchases then question is, why didn't it ring alarm bells? so question is, did khazanah know about this

and if khazanah was deceived or was not informed then straight is criminal case ady
*
Hard not to know.
But there should be contractual agreement that they will pull out if not performing within n number of years … thats why they pull out now … cant expect invest today next year profit … investment should be mid to long term … if failed then cut loss …

I think the fact the decision to invest initially is a bit questionable … not sure what is the convincing business proposal that get Khazanah to take the risk … if the decision is solely based on helping bumi then Khazanah shall send someone head rolling …
MegaCanonF
post Nov 9 2024, 06:32 PM

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QUOTE(ListenToTheWind @ Nov 8 2024, 10:45 PM)
If they can simply toy with public fund such as ASM, ASB, I am very worried they could siphon from our KWSP too
*
time to move saving to gold..
nelson969
post Nov 9 2024, 06:42 PM

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really pokai to the max
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post Nov 9 2024, 07:08 PM

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QUOTE(Medusakia @ Nov 8 2024, 10:21 PM)
MENGAPA KHAZANAH DAN PNB JUAL SAHAM HARGA RM3.1 JUTA?

MYEG sendiri mempunyai saham yang lebih besar berbanding Khazanah dan PNB sebelum ini. Tidak pula MYEG menjual kepentingannya serendah RM3 juta? Ada sesuatu tidak kena. Yang jual serendah RM3.1 juta ialah Khazanah dan PNB tetapi yang salah Vivy Yusof dan suaminya? Bukan Vivy yang mengarahkan Khazanah dan PNB menjual kepentingan mereka.

Kedudukan terbaru Fashion Valet tidak jauh berubah hanya NXBT Partnes Sdn Bhd saja pemegang saham baharu selepas membeli saham Khazanah dan PNB. Rugi ya tetap rugi cuma kerugian meningkat kepada RM34.5 juta selepas cukai. Walaupun jualan tahunannya RM112 juta untuk tahun 2023

Sekalipun rugi pihak yang melabur lama seperti TS Wong MyEG tidak pula melupuskan saham mereka dalam Fashion Valet? Jadi mengapa Khazanah dan PNB menjual saham mereka dengan nilai RM3.1 juta? Jika dulu melabur RM47 juta mengapa Khazanah dan PNB menjual serendah itu?

MENGAPA KHAZANAH DAN PNB JUAL SAHAMNYA KEPADA NXBT PARTNERS SDN BHD?

Syarikat NXBT Partners Sdn Bhd membeli saham Khazanah dan PNB semurah RM3.1 juta dimiliki Afzal Abdul Rahim, CEO TIME dotCom Bhd. Sekali lagi dalam rekod menunjukkan syarikat pemegangan pelaburan yang dikawal oleh Afzal Abdul Rahim ini sebuah syarikat yang rugi.

user posted image

Apa hubungan Afzal Abdul Rahim, CEO TIME dotCom Bhd dengan Khazanah? Afzal merupakan kroni kesayangan kepada Khazanah!

Khazanah memegang 32.34% pegangan dalam TIME dotcom Bhd, setakat 22 Julai tahun ini sama ada secara langsung atau tidak langsung. Melalui Pulau Kapas Ventures Sdn Bhd (Khazanah), Global Transit International Sdn Bhd (GTI) dan Megawisra Investment memegang 25%.

user posted image
user posted image
user posted image

KHAZANAH ARAH AFDZAL ABDUL RAHIM BELI FASHION VALET YANG RUGI

Afzal Abdul Rahim, Pulau Kapas Ventures Sdn Bhd, NXBT Partners Sdn Bhd dan TIME dotCom Bhd tidak pernah terlibat dalam Fashion Valet Sdn Bhd namun tiba-tiba Khazanah dan PNB menjual saham mereka semurah RM3.1 juta kepada Afzal Abdul Rahim. Tidak mengapa Khazanah dan PNB rugi RM43.9 juta yang penting kepentingan Khazanah sudah terjual. Kerajaan rugi tetapi Afzal Abdul Rahim membeli dengan diskaun lebih banyak.

Mengapa Afzal Abdul Rahim sanggup membeli saham Fashion Valet itu walau tahu syarikat itu rugi lebih RM30 juta untuk tahun 2023? Mungkinkah beliau perlukan syarikat hasil tahunannya lebih RM 100 juta dan juga kerugian syarikat puluhan juta untuk pelepasan cukainya? Atau mungkin juga beliau mahu menstruktur semula Fashion Valet.

Jawapannya lain ialah kenang budi Afzal Abdul Rahim kepada Khazanah yang menguntungkan TIME dotCom Bhd jadi Afzal Abdul Rahim perlu membalas balik Khazanah walau dapat ‘cash cow’ RM3.1 juta. Untung jual saham TIME dotCom saja RM357 juta apalah sangat RM3.1 juta!

Terdapat sumber Afzal Abdul Rahim mengarahkan Vivy Yusof dan suaminya Fadzaruddin meletak jawatan meninggakan Fashion Valet. Vivy Yusof dan Fadzaruddin tidak perlu akur meletak jawatan kerana mereka merupakan pengasas syarikat . Jika Afzal Abdul Rahim mahu membeli saham Fashion Valet dia sepatutnya mengemukakan tawaran bukan dengan cara kotor menggunakan saham Khazanah dan PNB untuk merampas Fashion Valet. Nilai harga rendah RM3.1 juta oleh Afzal memudahkan mereka untuk memaksa Vivy Yusof, suami dan Dato’ Yusof menjual saham mereka lebih rendah selain menghukum dengan persepsi rakyat kerugian dana kerajaan itu

SPRM digesa menyiasat Afzal Abdul Rahim bagaimana beliau boleh mendapat saham itu daripada Khazanah dan PNB? Siapa dalam Khazanah dan MOF meluluskan penjualan saham mereka. Bukankah ini jelas satu ‘kepentingan’Conflict of Interest’ Afzal Abdul Rahim dengan Khazanah? sanggup rugi tetapi untung saham dalam syarikat TIME dotCom Bhd.

SPRM boleh menyiasat di bawah Seksyen 165 Kanun Keseksaan jika ada penjawat awam daripada MOF atau Khazanah menerima benda berharga tanpa balasan yang mencukupi. Sekalipun rugi Afzal tetap membeli saham Fashion Valet kerana arahan pegawai MOF atau Khazanah kerana beliau sudah mendapat manfaat keuntungan ratusan juta bersama Khazanah di TIME dotCom Bhd.

Menyalahkan Vivy Yusof hanya satu strategi menutup kesalahan pegawai MOF dan Khazanah kerana jelas Fashion Valet memang rugi dalam tempoh 10 tahun tetapi Khazanah tetap memberi dana kepada Fashion Valet. Siapa yang meluluskan RM47 juta kepada Fashion Valet? dan hari ini sekali lagi siapa pegawai MOF dan Khazanah yang meluluskan kerajaan menjual saham bernilai RM47 juta itu dengan nilai paling teruk RM3.1 juta? Siapa Pegawai MOF ke? Pengarah Urusan Khazanah ke? Ini sepatutnya diburu.

Jangan sampai ada pihak mendedahkan Afzal Abdul Rahim pernah menjual syarikatnya di Thailand bernilai lebih RM700 juta. Ada bayar cukai di Thailand dan Malaysia? Duit itu dibawa balik ke Malaysia?

Dalam beberapa siri pelaburan Khazanah kepada syarikat lain banyak juga yang rugi. Kita akan kupas beberapa syarikat lain yang diberi dana selain Fashion Valet yang rugi malah nilainya lebih besar mencecah berbilion ringgit. Napoleon kecil di Khazanah sedang buat kerja sebagaimana dakwaan siasatan SPRM terhadap anak syarikat Khazanah Xeraya Capital. Pengarah Urusan Khazanah Dato’ Amirul Feisal Wan Zahir sedang menyakau bersama adiknya Fares Zahir. Masih ramai Napoleon kecil di Khazanah akan dibongkar sejak sekian lama.

user posted image

https://thecorporatessecret.com/blog/2024/1...rga-rm3-1-juta/
*
This is good uncovering.

This guy bought for 3.1m can use 40mil tax losses for his other companies to claim tax credit from LHDN. Smart betul.

But I can say those idiots at PN and Puas won't even be able to figure this out, because all day they only know how to blame vernacular schools, hedonistic concerts and beer for all their troubles.



kelvinfixx
post Nov 9 2024, 09:52 PM

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QUOTE(p4n6 @ Nov 9 2024, 11:59 AM)
I mean not Khazanah fault but if there is corruption in FashionValet then shall follow law to punish them.

Having say that FValet not the only failed biz by Khazanah.

It is the most viral one cause the founder is Social media influencer that like to flash richness …

I bet there will be some Khazanah portfolio in which biz also loss money but continue on due to biz owner is someone influential …

(Chorus)
*Khazanah invest in Business
Owner ATM from Business
Business Close
Khazanah Lost Money

Repeat Chorus*

Gov every year also has allocation for Usahawan fund, also utilized this way .. Influential people go backroute get it approved as pocket money every year…
*
Certainly someone in the Khazanah is purposely making a mistake.
TSMedusakia
post Nov 9 2024, 09:57 PM

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QUOTE(kelvinfixx @ Nov 9 2024, 09:52 PM)
Certainly someone in the Khazanah is purposely making a mistake.
*
Sure got hanky panky between these people
kelvinfixx
post Nov 9 2024, 10:03 PM

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Kahzanah so many high salary professional , entry already 9k, quality still like joke.

This post has been edited by kelvinfixx: Nov 9 2024, 10:03 PM
p4n6
post Nov 9 2024, 10:58 PM

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QUOTE(kelvinfixx @ Nov 9 2024, 09:52 PM)
Certainly someone in the Khazanah is purposely making a mistake.
*
The system from beginning is created to be abused and atm-ed…

Similar to alot of charity fund created … it is to facilitate moving money to a place that makes it easier to make withdrawals, less governance and also evade taxes … perfect way to launder money and to cash out …


Iceman74
post Nov 9 2024, 11:34 PM

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QUOTE(gashout @ Nov 9 2024, 09:38 AM)
This I don't understand though I see the headline everywhere. What does it mean

Khazanah invest 47 mil on FV. Ok
Same yr. Vavi bought duck for 95 mil.. So.... What does this mean

Own Vavi pocket? She bought the company she owns herself??
*
Yes. You can look into this 2 way

A. It a straight forward cash out. Blind also can see thru it. But if really do it all above board with 3rd independent valuation plus lower than valuation report purchasing it, maybe it all good cos enhancing the core company future profits and position.

Or

B. The founder need to do this because need to fulfill the promise or KPI to Khazanah/PNB short term projections. But at the price paid for it, it just too ridiculous. Normally the founders buy over the said company first, then only presented a stronger case for funding. It will look nicer this way.

If the said company are theirs wholly, they want to buy their company at 1B also nobody care. Just remember pay the stamp duty.

But if got 3rd minority shareholders especially involved Khazanah. Khazanah need to at least know about this and get approval for it.

Imagine all those listed companies bosses do this without proper procedures and check and balance, you and me as minority shareholders will be screwed

This post has been edited by Iceman74: Nov 9 2024, 11:54 PM
kamfoo
post Nov 10 2024, 04:12 AM

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Huat ah
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post Nov 10 2024, 04:15 AM

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QUOTE(ListenToTheWind @ Nov 8 2024, 10:45 PM)
If they can simply toy with public fund such as ASM, ASB, I am very worried they could siphon from our KWSP too
*
It’s already being siphoned, just that no one expose it only
gashout
post Nov 10 2024, 04:19 AM

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QUOTE(Iceman74 @ Nov 9 2024, 11:34 PM)
Yes. You can look into this 2 way

A. It a straight forward cash out. Blind also can see thru it. But if really do it all above board with 3rd independent valuation plus lower than valuation report purchasing it, maybe it all good cos enhancing the core company future profits and position.

Or

B. The founder need to do this because need to fulfill the promise or KPI to Khazanah/PNB short term projections. But at the price paid for it, it just too ridiculous. Normally the founders buy over the said company first, then only presented a stronger case for funding. It will look nicer this way.

If the said company are theirs wholly,  they want to buy their company at 1B also nobody care. Just remember pay the stamp duty.

But if got 3rd minority shareholders especially involved Khazanah. Khazanah need to at least know about this and get approval for it.

Imagine all those listed companies bosses do this without proper procedures and check and balance, you and me as minority shareholders will be screwed
*
doesn't khazanah know vavi bought duck company?
Aparaa
post Nov 10 2024, 06:26 AM

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Shit finally hit the fan?
Iceman74
post Nov 10 2024, 11:30 AM

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QUOTE(gashout @ Nov 10 2024, 04:19 AM)
doesn't khazanah know vavi bought duck company?
*
This question is everyone want to know




danabu
post Nov 10 2024, 11:39 AM

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We want transparency here... Those VVVIP behind should be sent to jail.
kcal
post Nov 10 2024, 11:40 AM

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i think if any malaysia gov fund wanna invest, just hire mr. li ka shing. this guy has a very sharp eye for start up and stock investment.

 

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