Indeed.

So, nexgram 4 cent anyone? 4 cent? 4 cent? But one nexgram's shares will get two LOL LOL

If Tey and Ooi merely shareholders, they could do anything they want. Unfortunately Tey and Ooi are directors. An independent Directors at that. So they could not get away with murder LOL LOL

@chinaman,

Yes there is.

Tey Por Yee and Ooi Kock Aun should have disclosed their factual interest to the board so the board could deliberate any decision on the project without involving Tey and Ooi. What make it worst was Tey and Ooi signed a sworn statement (statutory declarations) which consisted of lies, i.e. They don't have any interest in the project and as a matter of law it is a clear cut crime of perjury. So, not only they violated their statutory duties and fiduciary duties to Protasco; but they also perjured themselves.

All Tey and Ooi got to do is to disclose their interest and everything will be all right. Their down fall can be atributed to two things: their greeds and their stupidity.

Already answered lah brother.....you illiterate or what? Now answer below:

Please do answer, which of following party is the consultant, vendor, broker, client etc etc:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

And the silent long pause begin LOL LOL LOL

Hoaaammmm...bored...

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

Already answer lah brother.....you illiterate or what? Now answer below:

Please do answer, which of following party is the consultant, vendor, broker, client etc etc:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

And the silent long pause begin LOL LOL LOL

Hoaaammmm...bored...

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

I'm the idiot who could as well save your hard earned money from the evil clutch of tey por yee and ooi kock aun LOL LOL LOL

The worst investment bankers are the seller of CDOs and the promoters of subprime mortgage. The second worst investors clearly are Tey Por Yee and Ooi Kock Aun.

4 centssss 4 centtssss 4 centsssss 4 centsss 4 centtss LOL LOL LOL

Ciaaaoo.....

After their external legal counsels recused themselves. Now their external auditor as well. LOL LOL LOL....

-------------------------------------------------------------------------------------------------------------------------------

The Board of Directors of NEXGRAM (“Board”) wishes to announce that Messrs. CHI-LLTC (“CHI”) has tendered their resignation as External Auditors of the Company vide their letter dated 18 January 2016 due to the Company’s recent expansion plan and the unavailability of CHI's workforce which has decreased recently, to handle the increasing work.

Pursuant to Section 172(15) of the Companies Act, 1965, CHI's resignation will be effective only after new auditors have been appointed.

New auditors for the financial year ending 30 April 2016 will be appointed at an extraordinary general meeting (“EGM”) to be convened.

The Board also wishes to inform that the Company is not aware of any other matters that need to be brought to the attention of the shareholders of the Company with regards to CHI's resignation.

Further announcement on the holding of an EGM will be made by the Company once the new auditors have been identified.

This announcement is dated 20 January 2016.

"Someone" sent Adrian Ooi Kock Aun this email:

"Dear Adrian,

If this police call was based on the Cheque issue to Eka, and I did not know who is Eka.

And the Cheque with covering letter greenpine, sign by you.

I believe at that time i was not around, on leave.

What is the strategy?

Coz...., I can not lie;

Thanks"

LOL LOL LOL LOL

This is a quote from term sheet by and between herman koswara and global capital limited represented by larry tey por yee.

"Global Capital Ltd, the offeree, is a private equity and investment holding company in an offshore centre who is principally engaged in investments, financing and corporate advisory servises. Tentative target as a buyer as arranged by Globalcap for this exercise is PT Inovisi Infracom; Tbk, market capitalisation of approximately USD 1,70billion."

"SPV: a special purpose vehicle to be setup by Partner B [Larry Tey Por Yee] for the corporate objectives of an IPO or RTO, and to raise funds for this business project. The SPV will acquire 100% equity of PT Firman Andalan Sakti for the main purpose of this corporate exercise."

"Business Structures on SPV

a) management:

a. Partner A [Herman Koswara] and Partner B are to jointly run/operate the entire business operations, and undertake 100% exiting business and daily operation needs..."

Want to know more? LOL LOL LOL

Copy-paste-repeat.

KUALA LUMPUR, Jan 15 — A former director of Protasco Bhd was charged in the Ampang Sessions Court today with fraud involving RM68 million, and making a false declaration, four years ago.

Datuk Tey Por Yee, 40, claimed trial to both charges. On the first charge, he is accused of concealing information from the company’s board of directors and officers that he had a vested interest in a company, PT Anglo Slavic Utama in Indonesia.

In so doing, he allegedly misled the victims into entering into an oil and gas investment agreement with PT Anglo Slavic Utama through the purchase of 63 per cent of PT Anglo Slavic’s shares in Indonesia worth US$22 million (RM68,393,170).

The payment for the shares was allegedly channelled in stages to two CIMB PT ASU accounts.

Tey is accused of committing the offence at Protasco Bhd’s office at Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang here, between November 2012 and January30, 2014.

On the second charge, he allegedly made a sworn false statement before Wern Li Morsingh, a Commissioner of Oaths that he did not have any vested interests in PT Anglo Slavic Utama, whether as a director or shareholder. He is accused of committing the offence in the company’s conference room at the same place on July 25, 2014.


Judge Rushan Lutfi Mohamed set bail at RM1 million with one surety and February24 for re-mention.

Tey was also ordered to surrender his passport to the court and to refrain from harassing the prosecution’s witnesses.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar acted for the prosecution while counsel Datuk K.Kumaraendran and Mak Lin Kum represented the accused. — Bernama

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- See more at: http://m.themalaymailonline.com/malaysia/article/ex-company-director-charged-with-rm68m-fraud#sthash.mgibhGRB.d
20/01/2016 06:57

Tuesday, 19 January 2016
Probe deepens on Nexgram

BY RISEN JAYASEELAN

Action taken will depend on findings of the investigation

PETALING JAYA: Following the unprecedented action by the Securities Commission (SC) to disclose questionable actions by Nexgram Holdings Bhd, the regulator’s next course of action is a thorough investigation into the money trail relating to the RM84.5mil cash balance that had previously existed in the company, sources said.

This investigation will entail, among others, answers from directors, advisors and auditors of Nexgram, which is involved in software and property.

It is learnt that the authorities are looking at the dealings involving three subsidiaries of Nexgram and if the decision to divest them went to the board.

“The three subsidiaries were already the subject of investigations by the authorities in the capital markets. Knowing that, how did the planned divestments get done?” asked a corporate lawyer. The type of action taken will depend on the findings of the investigation by the regulators.

To recap, last Friday, the SC invoked its powers under Section 217(4)(b) of the Capital Markets and Services Act 2007 (CMSA) by issuing a public statement in relation to a proposed takeover of Ire-Tex Corp Bhd by Nexgram, to be funded by the latter’s shares.

The SC’s concerns had related to the value of the assets of Nexgram, noting that the actions of Nexgram to dispose of some of its subsidiary companies “delays and obstructs the ongoing enquiries by the SC and Bursa Malaysia.”

According to sources, both the SC and Bursa had concerns about Nexgram, following the latter’s service of its notice to takeover Ire-Tex last November.

At some point in their investigations, both regulators agreed that there were sufficient grounds for Bursa to require Nexgram to provide verification on the existence of certain assets belonging to these subsidiaries.

It is also understood that as part of the initial investigation into Nexgram, the SC and Bursa had met with the advisors and a representative of the board of Nexgram to request the verification of certain alleged bank balances by an independent accountant.

The trigger point for the SC to take action under Section 217 of the CMSA was the company’s decision to dispose the relevant subsidiaries.

The type of actions of the regulators in this case will depend on when the outcome of their investigations are, which is also a complicated matter as it involves bank accounts and other transactions in Indonesia.

Depending on the timing of the findings, the SC could file for an injunction to stop the offer from proceeding or leave the offer to lapse. This is because Bursa has already notified Nexgram through its advisors that it will not clear the circular to shareholders and thus an EGM cannot be held for Nexgram shareholders to vote on matter, and this in turn would lead to the offer lapsing.

“The combined efforts of the SC and Bursa are ensuring that the shareholders of the target company, namely Ire-Tex, are not in danger of receiving payment in shares that may have a questionable value,” explained the corporate lawyer.

The SC raised eyebrows at the value of Nexgram that was sitting on a cash balance of RM84.5mil as at April 30, 2014. Its accounts showed that in the following financial year, most of that cash looked like it had been converted into inventories.

The company could have used the cash to purchase inventories, indicative by the accounts which showed inventories move from zero to RM89.8mil as at 2015. At the same time, cash balances fell to RM31.1mil. Sources said the SC’s enquiries could have centred around the paper and cashtrail of how those inventories were built up.

The case involving Nexgram has drawn attention to one businessman in particular, Datuk Tey Por Yee, who on Jan 14, resigned as executive director to “pursue his personal interest and goals”. Since his resignation, Nexgram has six directors left sitting on its board.

The rare statement by the SC sent Nexgram’s shares reeling to as low as 7.5 sen yesterday, representing an 11.76% drop.

The stock saw 34.5 million shares exchange hands. The shares closed at 8.5 sen last Friday.

Tey was also involved in the Protasco Bhd boardroom tussle, which saw him together with director Ooi Kock Aun voted out of the board at an EGM.

This came after allegations of a questionable investment in an Indonesian oil and gas company.

Meanwhile, in a related development, Nexgram shed some additional details about its plans to sell its entire 69.6% stake in Godynamic Investmentd Ltd for RM34.8mil on Jan 12.

This was in response to a query by the stock exchange.

Nexgram said while proceeds from the disposal would be used to pay for the 51% stake in Transeaways Shipping Sdn Bhd, which was announced on Jan 14, the company was “unable to quantify the exact amount” to be utilised for the planned acquisition.

-----

Unprecedented action by the sc? LOL LOL

http://m.kontan.co.id/news/adrian-menebar-properti-di-banyak-negara For avoidance of doubt, this is the admission from the horses' mouth that adrian ooi kock aun is the owner of pt inovisi infracom tbk. The biggest and controlling shareholders of inovisi is pt green pine which largest shareholders are the green pine group. Here a link to larry tey por yee linkedin account which admitted that he serves as corp finance advisor of green pine group https://www.linkedin.com/in/larry-tey-5b9b047 the plot thickens LOL LOL

https://stockbit.com/symbol/INVS The investors of pt inovisi is in disarray. This is a fate that you can all avoided if you cut loss now.

Because of the suspension, the investors cannot cash in their investment. See here http://idsaham.com/saham-INVS-informasi-saham-analisa-saham.html if you want to know, this is the kind of heartless s.o.b tey por yee and ooi kock aun really are.

JAKARTA - PT Bursa Efek Indonesia (BEI) melakukan penghentian sementara (suspensi) perdagangan saham PT Inovisi Infracom (INVS).

Kepala Divisi Penilaian Perusahaan Group 2 BEI Umi Kulsum mengatakan, suspensi tersebut dilakukan sehubungan dengan penelaahan Bursa atas laporan keuangan INVS.

"Untuk menghindari perdagangan yang tidak wajar atas efek perseroan, BEI memutuskan untuk melakukan suspensi perdagangan efek perusahaan (INVS dan waran INVS)," kata dia, Jumat (13/2/2015).

Dia menjelaskan bahwa suspensi tersebut dilakukan di seluruh pasar mulai sesi I perdagangan efek hari ini hingga pengumuman lebih lanjut.

Sementara itu, BEI meminta kepada pihak yang berkepentingan untuk selalu memperhatikan informasi termasuk laporan keuangan yang disampaikan INVS.

Sekadar informasi, pendapatan perseroan hingga kuartal III/2014 tercatat sebesar Rp1,42 triliun atau naik 18% dibanding tahun sebelumnya sebesar Rp1,20 triliun. Sedangkan laba komprehensif tahun berjalan anjlok 75% menjadi Rp102,40 miliar dari Rp414,72 miliar pada 2013.

-----

Just like tpy and oka's flagship company in malaysia that currently under the investigation of the sc, prior to it demise, their flagship in indonesia also being investigated by the indonesian sc and their tradint activity is suspended and has yet to be lifted as of today LOL LOL LOL

From 2014 to 2016, tpy lost his directorship at protasco, wintoni, ire-tex, nexgram and mp-corp. he should take his life by taking the short cut down from the highest level of the KLCC LOL LOL

Copy-paste-repeat

Let ask another one.

Protasco agreed to partake in the transaction is also hinges on the conditions that pertamina extend the contract to pt haseba to work on the kuala simpang's oil field.

Now, due to tey and ooi dispute with herman and benny which is the fault of tey and ooi who stole haseba and fas' shares, pertamina then refused to extend the contract until the ownership dispute between tey-ooi and herman-benny is resolved.

Based on the above premises, why should protasco proceed with the transaction when the condition precedents is not met?

And of course there is the issue of tey and ooi being the directors of protasco turns out are the owners of the shares and failed to disclosed their financial interest in the transaction LOL LOL.

Copy-paste-repeat LOL LOL LOL

The party to the transaction are:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clepan and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

@jenny, the other side has presented their case as well. See the spams and junks posted by someone who suspiciously sound like how tey por yee's talk.

@ssboy....miss my story meh? Still have many story. Will keep the stories depending on the progress of the jihad/crusade against tey por yee and ooi kock aun. LOL LOL

Tomorrow nexgram may reach 4 cents, are you readddyyyyy?

Bye ciao....see you when there is a breakthrough in the holy war against the devil incarnate Tey Por Yee and Ooi Kock Aun. A male with "cock" in his middle name LOL LOL LOL

Bye ciao....see you when there is a breakthrough in the holy war against the devil incarnate Tey Por Yee and Ooi Kock Aun. A male with "cock" in his middle name LOL LOL LOL

Now we are talking about Herman Koswara and Benny Tjokro. LOL LOL LOL

----

Herman: bro, i'm looking for an investor to fund my oil and gas operation (ong). You know someone?

Banker: sure; try to contact this guy Larry Tey Por Yee.

Herman: noted.

----

Herman: i need an investor in my ong business. A banker said you are looking to invest?

Tey: ok; how much do you want for your shares in pt fas?

Herman: idr 6billion.

Tey: ok, let sign term sheet to make it formal.

---

Tey: i want to buy your friend share. Is he looking to sell?

Herman: already asked. He only asked for you to pay his loan at mayapada bank in the amount of idr 25billion. Agree?

Tey: agreed.

----

Tey: ooi, i found away to stole pt fas by paying peanuts to the stupid indon herman and benny.

Ooi: great, more provide for us.

---

Tey: herman, this is half of what i owed you: idr 3billion and another 3billion in cheque. Now hand over your shares.

Herman: here goes. Duly signed.

----

Tey: benny, here idr 5billion and the rest in inovisi's block. Now where is you shares? Gimme gimme gimme.

Benny: ok; here.

Tey: [thinking in his head: wow...this indon is really stupid. He don't realized the actual value of the shares is just 10% from the number presented].

----

Herman: ooi tey, your cheque is rejected by the bank.

Benny: ooi tey; the shares that you put as a guarantee is now falled 90% from it value. I want money in cash.

Tey and Ooi: later, later. I'm dealing with this old fart in our malaysian company. Relax, ok?

Benny: we won't wait for too long.

---

Herman: benny; you are the president director of pt fas, do you sent this egms invitation to change the board of pt fas?

Benny: what? I know nothing. Let me take a look at the invitation.

Benny: this is not my signature. I never seen this in my life.

Herman: this smells larry all over it.

----

Herman: benny; larry paid local mobs to steal our oil field. But i managed to persuade the local army commander to repel the attack.

Benny: that bastard!!!

----

Benny: i sued larry in court. He settled and agreed to pay me idr 18billion.

Herman: did he paid?

Benny: no; he reneged the settlement. That low life excuse of a human being.

Herman: i lodged criminal complaint against larry tey.

Benny: and?

Herman: the police had summoned him three time. One time he contacted the police and say he want to came but ask for protection from the airport to police station and back because an indonesian mafia has threaten to kill him.

Benny: did he show up?

Herman: no. And i heard in malaysia his employee tipped his enemy when they are scheduled to withdraw money from bank. The enemy then robbed his employee and before leaving: "tell your boss not to mess with us...."

Benny: larry deserved what is coming to him.

Herman: indeed.

------

To be continued?

Disclaimer: the above scene is made up but the essence is true nonetheless LOL LOL LOL

This is a re-enactment on the road tey and ooi cheated protasco:

Ooi Kock Aun: Tey, we cheated herman and benny but we could fly back to malaysia should they lodged legal action against us in Indonesia. But our home is in malaysia. If we cheated protasco, then we cannot run any where.

Tey Por Yee: easy lah brother...all we got to do is hiding our name. The way forward is to establish a new indonesian company or a special purpose vehicle then we induced our indonesian friends in the said companies; so when protasco realized that the project is a scam, we could make the indon kuli as our scape goat. Got it?

Ooi Kock Aun: but who we goona put as nominee?

Tey Por Yee: I propose Dedi Francis, Jan Tangkilisan, Jerry Djajasaputra; Tjoe Yudhis; and Azmy Alqamar etc.

Ooi Kock Aun: you sure want to do that to your best friends?

Tey Por Yee: aioo, they are not my friends. They merely my coolie. Easy to depose if needed be.

Ooi Kock Aun: wow, you so cruel leh....

Tey Por Yee: money is number one bro. When you have money people will come. So we can throw other people to trash [thinking in his head: that include you brother].

---

Ooi Kock Aun: bro; Jerry Djajasaputra just got sued for IDR 175billion and his house is going to be confescated by the court because we put him as a personal guarantor to a business we made with Koperasi Sejahtera Bersama. What to do bro?

Tey Por Yee: just let him die. But let pretend that we care. We don't want the stupid indon to know that we gonna left him to rot.

Ooi Kock Aun: ok. You know better than me lah bro.

-----

Protasco's board: wah lao, ooi, tey, the project you brought in is a disaster. We want to cancel but already deposit money. What to do?

Tey Por Yee: easy peasy...just sue PT Anglo Slavic Utama mah...while we at it, just sue and kill it director Tjoe Yudhis and commissioner Dedi Francis if they refused to return the money. If they play hard ball, we will kill their family as well. This is how we do business.

Protasco's Board: you are too cruel bro...this is what we are going to do: as a gesture of good faith, we will give them one more chance.

----

Protasco's Board: holy crap....our internal investigation just found out that PT ASU, PT ASI, PT FAS and PT Haseba and its managements are nominees who are fully controlled and owned by Tey Por Yee and Ooi Kock Aun. We are being duped. What to do?

Dato Chong: there is nothing to do but to sue Tey Por Yee and his cohorts then we beg forgiveness to our shareholders and investors.

------

Tey Por Yee and Ooi Kock Aun: our name is in ruined. Let create fictitious board room drama to make us look good. Since no respectable mass media would want to publicly lie, then we have to create the drama using free hosting blog sites.

-----

The end?

LOL LOL LOL

This is a re-enactment of what happened then:

Tun Daim: Yo, chong, i want to sell my stakes. Do you want or not?

Dato Chong: i don't have enough capital to buy the shares. But i'm gonna looking for buyer, ok?

Tun Daim: ok Chong.

Later on

Dato Chong: i was introduced to you by a mutual friend, mr. a banker. So, a friend of mine want to sell his shares. Interested?

Larry Tey: [Thinking in his head: prostaco is a good company, better than that junk of mine called nexgram, sure can tipu-tipu him].

Larry Tey: sure Dato. I'm in. Anyway dato, i got this oil and gas project in indonesia. The profit is so and so. Guaranteed. Interested?

Dato Chong: since you are introduced by a mutual friend and he believe in your reputation, then i'm interested. But it's clean and clear and at arm's length?

Tey: Yes, clear. But i'm bringing my friend ooi kock aun to your board, ok?

Dato: ok, let sign investment agreement to seal the deal.

---

Tey: oooi, i just met this old chap. Think we can cheat on him like we cheat herman koswara and benny tjokro.

Ooi Kock Aun: great...double the profits. Money, money, money, money.

---

Dato: just met this gentlemen larry. He will invest in protasco and bringing new projects. Already signed investment agreement with him.

Board: ok. Approved.

----

The end.

Copy-Paste-Repeat

Bonus round.

24 Oct 2012 Larry Tey Por Yee via Global Cap Venture signed Term Sheet with Herman Koswara, the controlling shareholders of PT Fas. The purpose of the term sheet is to acquire project kuala simpang timur oil field. It is agreed that Larry will purchase Herman's shares priced at IDR 6billion (Larry has only paid IDR 3billion).

1 November 2012 Larry Tey Por Yee and Benny Tjokro agreed on how to move forward with handling over Benny's shares at PT Fas, i.e. Tey Por Yee paid the operational costs of PT Haseba as of the date of the agreement and Larry Tey Por Yee take over Benny's debt at Mayapada Bank in the amount or IDR 23 Billion (both conditions are not fulfilled). However in the said date Larry already received the shares of PT Fas belonged to Benny Tjokro. Tey put the shares in PT Asi.

28 December 2012: Larry Tey Por Yee sold his shares to Protasco Berhad in the amount of USD 55million.

21 May 2013 Larry Tey Por Yee sent a forged invitation for egms of PT Haseba which will be held at the office of Djamkk Asmur, the public notary in Aceh.

14 August 2013: to pay his debt to Benny, Larry wired in IDR 5billion and put Inovisi's shares as a guarantee. Few month later when Larry is in default; Benny attempted to execute the block of Inovisi's shares and finds that the value has dropped to a meager 10% of its initial value.

23 August 2013 Larry Tey Por Yee changed the directors and commisioners of PT Haseba based on the illegal egms.

24 February 2014 Herman Koswara and Benny Tjokro lodged police report against Larry Tey Por Yee alleging that he forged Herman and Benny's signature and defrauded them.

1 April 2014 Benny Tjokro through it vehicle PT Dayasakti Putradharma filed lawsuit against PT Anglo Slavic Indonesia at south jakarta district court.

25 April 2014 Koperasi Sejahtera Bersama filed lawsuit against PT Green Pine, Jerry Djajasaputra, PT Equator Securities and PT Inovisi Infracom Tbk arguing that it had invested IDR 125billion in PT Inovisi which was guaranteed by a block of Inovisi's shares. But it had not seen any profit and when they attempted to cash in on the shares, it shares dropped significantly.

11 December 2014 Benny Tjokro and Larry Tey signed settlement agreement in which Larry agreed to pay IDR 18billion, at the latest 28 January 2015. Up to this day Larry failed to honor this settlement agreement.

8 July 2015 The court ruled in favour of Koperasi Sejahtera Bersama and order Inovisi to pay IDR 200billion.

15 July 2015 Indonesian police raided the office of PT Inovisi Infracom Tbk.

December 2015 PT Inovisi Infracom Tbk closed down it business without prior notice to the investors and employees. It management went hiding.

LOL LOL LOL LOL

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

Wahlao...you copy my style LOL LOL

Copy-paste-repeat:

I'm back, for the last time until a new breakthrough arises anyway LOL LOL..

@doggyteycheebye,

Wow, you have so many accounts in this message board. Want to make people think that you have many supporters 'eh? Same narrative, same style, and same wording...at one look everybody would notice that you are merely a clone LOL LOL LOL

Anyway...I'm not the chongs and the chongs were never my boss. But, be that as it may, as far as the chongs are concerned, they are not the one who need a bangla bodyguard to cover their face. the chongs can freely go anywhere including Indonesia without crying to the police for protection because they have beef with someone who threaten to kill them on first sight. The chongs also not the one who closed their overseas subsidiaries and hide their faces like your best friend Adrian Ooi Kock Aun. And I never heard the chongs' employee switch to your side. Be true to your heart, how many people leaving you already? LOL LOL LOL LOL

With regard to Apple. Don't talk anything that you know shit lah brother. They fired Eric Schmidt because he sold Apple's iOS and iphone secret to Google, impairing Apple business interest when Google sell copy of iOS called android. Same as you and Ooi Kock Aun. Since you put your interest and globalcap interest above Protasco then you deserved to be fired on site. You should have put forward the deal with Herman Koswara (IDR 6billion) and Benny Tjokro (IDR 25billion) to Protasco instead of looking for quick profits by establishing SPVs to cheat protasco and ballooned the price of the project. Your greeds is your doom. You deserve it brother. Enjoy jail and see your sons in six year time LOL LOL LOL LOL...

When you die and got reincarnated, remember this lesson. But if you stay dead, and become worm's food, then enjoy hell where you will most certainly meet with that pondan gay friend of yours Ooi Kock Aun.

Oh right:

Kan ni na bu chao chee bye. ler e lao bu kor gao gan, ler e lao peh tio bey kan, chee hong kia!

I'm back, for the last time until a new breakthrough arises anyway LOL LOL..

@chinaman, believe Tey's innocence all you want, but better ask yourself first, why three nexgram's directors resigned on the day protasco filed their first suit, citing the suit as reason. They know Tey personally and you don't. If even the people closest to Tey and Ooi see them as guilty, then why you should believe other wise? Fyi, the three directors defection were not the last time. If I'm calculate correctly, up to this day tey and ooi's confidant that decided to switch side are in the dozen (14 people or so).

And it also begs the question of why Tey is named as suspect by two jurisdictions (Malaysia and Indonesia). The police is not stupid right? They must think that Tey and Ooi is guilty after reviewing all the evidence presented before them right? LOL LOL

@doggyteycheebye,

Wow, you have so many accounts in this message board. Want to make people think that you have many supporters 'eh? Same narrative, same style, and same wording...at one look everybody would notice that you are merely a clone LOL LOL LOL

Anyway...I'm not the chongs and the chongs were never my boss. But, be that as it may, as far as the chongs are concerned, they are not the one who need a bangla bodyguard to cover their face. the chongs can freely go anywhere including Indonesia without crying to the police for protection because they have beef with someone who threaten to kill them on first sight. The chongs also not the one who closed their overseas subsidiaries and hide their faces like your best friend Adrian Ooi Kock Aun. And I never heard the chongs' employee switch to your side. Be true to your heart, how many people leaving you already? LOL LOL LOL LOL

With regard to Apple. Don't talk anything that you know shit lah brother. They fired Eric Schmidt because he sold Apple's iOS and iphone secret to Google, impairing Apple business interest when Google sell copy of iOS called android. Same as you and Ooi Kock Aun. Since you put your interest and globalcap interest above Protasco then you deserved to be fired on site. You should have put forward the deal with Herman Koswara (IDR 6billion) and Benny Tjokro (IDR 25billion) to Protasco instead of looking for quick profits by establishing SPVs to cheat protasco and ballooned the price of the project. Your greeds is your doom. You deserve it brother. Enjoy jail and see your sons in six year time LOL LOL LOL LOL...

When you die and got reincarnated, remember this lesson. But if you stay dead, and become worm's food, then enjoy hell where you will most certainly meet with that pondan gay friend of yours Ooi Kock Aun.

Oh right:

Kan ni na bu chao chee bye. ler e lao bu kor gao gan, ler e lao peh tio bey kan, chee hong kia!

Ciaooo....

My appearance these past few days is to celebrate the breakthrough in the holy war against tey por yee and ooi kock aun. I hope you like my gift. Many more from where it come from.

Stay tune and remember: sell, sell, sell lol lol lol

Nexgram is heading to 0,0000

Yes, 5.5 LOL LOL LOL

Nice try. The deal never hinges on the extension of haseba's contract. You are thinking the deal with protasco that contained such condition precedent. The deal with herman and beny were ordinary sale and purchase agreement. You pay the price, you get the share.

In this case, tey got the shares but the price not fully paid. Typical tey and ooi.

Yo chinaman...tey and ooi already got herman and benny's shares in it entiretly but tey only paid half of what he owed to herman and 20% of what he owes to benny. What chicken and what egg? LOL LOL LOL....

LOL LOL LOL....if you are so innocent; then why in court you instructed your bangla bodyguard to cover your ugly demonic face.....you have to wear that lan jiao face proudly, it is a face that destroyed thousand of life LOL LOL LOL

Nexgram 4 cents, nexgram 4 cents, nexgram 4 cents, who's with me? LOL

Already answer lah brother.....you illiterate or what? Now answer below:

Please do answer, which of following party is the consultant, vendor, broker, client etc etc:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

A shit...one of my masterpiece got deleted...

LOL LOL LOL....I'm free as a bird but finger crossed, you will go to jail in malaysia then after you are released; you can have your day in indonesian court...

Nope, i'm not with protasco. Told you, i am the bastard daughter of Tey Por Yee. My name is Tey Chee Bye LOL LOL LOL LOL

Nexgram could closed between 5 to 5,5. Which one do you prefer?

Copy-paste-repeat:

Please do answer, which of following party is the consultant, vendor, broker, client etc etc:

1. Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

LOL LOL

1. Forging documents and forging signatures is a moda operandi of tey por yee and ooi kock aun. It has been proven in forensic labs in malaysia and indonesia that linked tey and ooi to so many crime of forgeries in both countries. Heard that singapore police already initiated their on investigation over tey and ooi's business scam there.

2. Inovisi's directors are nominee; save for the (former) cfo adrian ooi kock aun. And as tey chee bye put so elegantly above, a nominee director in their eyes in not to know anything about the business activity of the company. Their sole duty is to blindly sign any documents tendered by tey por yee and ooi kock aun. Tey and ooi's nominees are stupid? Without a doubt, but they don't deserved to go to jail or their house seized by the court for it.

3. Yup. Herman and Benny are gentlemen and a businessman whom tried to doing business lawfully.

Well, believe me or not that is you to decide. I'm just conveying the truth and facts. It is not a coincidence that tey is a suspect for fraud; perjury and forgery in two different jurisdiction.

Now we are talking about Herman Koswara and Benny Tjokro. LOL LOL LOL

----

Herman: bro, i'm looking for an investor to fund my oil and gas operation (ong). You know someone?

Banker: sure; try to contact this guy Larry Tey Por Yee.

Herman: noted.

----

Herman: i need an investor in my ong business. A banker said you are looking to invest?

Tey: ok; how much do you want for your shares in pt fas?

Herman: idr 6billion.

Tey: ok, let sign term sheet to make it formal.

---

Tey: i want to buy your friend share. Is he looking to sell?

Herman: already asked. He only asked for you to pay his loan at mayapada bank in the amount of idr 25billion. Agree?

Tey: agreed.

----

Tey: ooi, i found away to stole pt fas by paying peanuts to the stupid indon herman and benny.

Ooi: great, more provide for us.

---

Tey: herman, this is half of what i owed you: idr 3billion and another 3billion in cheque. Now hand over your shares.

Herman: here goes. Duly signed.

----

Tey: benny, here idr 5billion and the rest in inovisi's block. Now where is you shares? Gimme gimme gimme.

Benny: ok; here.

Tey: [thinking in his head: wow...this indon is really stupid. He don't realized the actual value of the shares is just 10% from the number presented].

----

Herman: ooi tey, your cheque is rejected by the bank.

Benny: ooi tey; the shares that you put as a guarantee is now falled 90% from it value. I want money in cash.

Tey and Ooi: later, later. I'm dealing with this old fart in our malaysian company. Relax, ok?

Benny: we won't wait for too long.

---

Herman: benny; you are the president director of pt fas, do you sent this egms invitation to change the board of pt fas?

Benny: what? I know nothing. Let me take a look at the invitation.

Benny: this is not my signature. I never seen this in my life.

Herman: this smells larry all over it.

----

Herman: benny; larry paid local mobs to steal our oil field. But i managed to persuade the local army commander to repel the attack.

Benny: that bastard!!!

----

Benny: i sued larry in court. He settled and agreed to pay me idr 18billion.

Herman: did he paid?

Benny: no; he reneged the settlement. That low life excuse of a human being.

Herman: i lodged criminal complaint against larry tey.

Benny: and?

Herman: the police had summoned him three time. One time he contacted the police and say he want to came but ask for protection from the airport to police station and back because an indonesian mafia has threaten to kill him.

Benny: did he show up?

Herman: no. And i heard in malaysia his employee tipped his enemy when they are scheduled to withdraw money from bank. The enemy then robbed his employee and before leaving: "tell your boss not to mess with us...."

Benny: larry deserved what is coming to him.

Herman: indeed.

------

To be continued?

Disclaimer: the above scene is made up but the essence is true nonetheless LOL LOL LOL

Again, which one is a client, guarantor, consultant etc? LOL LOL LOL

Not a bank, but a koperasi. They invest some money in pt inovisi with promise that they will have return investment in the amount of IDR 175billion. Jerry Djajasaputra named was put as a personal guarantor at the time was a president director of pt inovisi infracom tbk. A big honcho in the eye of the investors without realizing he is just a pawn to larry tey por yee and adrian ooi kock aun. After jerry realized that his name was dragged into the mud by tey and ooi, he ask to quit. But tey and ooi responded by threaten jerry that he will not be protected if he quit. So jerry agreed to stay but relegated to a commisoner and replaced by an old fart baldie named jan adam tangkilisan who main source of income came from salary as nominees.

This is a simple question that I bet tey chee bye could not answer just like the above question.

If protasco's board doesn't know that dato chong have made a deal with tey and ooi to buy tun daim's stake and that the o&g's deal came from tey and ooi, then how come the board is all on board (pun intended) with tey and ooi made a beach head at protasco by buying tun daim's shares and they asked tey and ooi to sign sds that declare the deal they brought in is at arm's length and tey and ooi doesn't have a slightest business interest? LOL LOL LOL

Already answered lah...you so blind brother. Now it is you who failed to answer on who is the consultant, client, brokers, etc.

Well, if you doing business with good faith then why you show your name? In business practice nominees usually have two purpose only:

1. For tax planning; or

2. To create a scapegoat.

Tey and Ooi use nominees for the later as evident by the facts that pt asu, etc are just an empty shell company so the tax is not that much. Now, when things get ugly, Tey and Ooi just simply say: ei, not my business. You sue the people who sign the business with you. We are merely consultants and a brokers LOL...

This is what exactly happened to Jerry Djajasaputra whose house is put under security seizure because Tey and Ooi induced the poor surfer to be guarantor of another business scam.

The shares could as well go down to 5 cents.