Lelong sales. Rare chance. Ckp try to disturb tpy, tpy gave best to company. Collecting happily.

Wow this is interesting.

dubious allegation raise questions. Is Chong Ket Pen next to be charged? [GLR]
Author: GovernanceLeak | Publish date: Mon, 18 Jan 2016, 09:19 AM

14 Jan 2016: Protasco mystery had became misery for investors. The same allegations and stories being told a different way, was further made up to create perception on Chong Ket Pen's former partner and Protasco controlling shareholders, Tey Por Yee and Ooi Kock Aun, the once owners of Protasco whom helped purchased Chong old boss Protasco shares, and they help instil Chong position as MD back into Protasco.

Market was told Chong just want a word "charge" to create perception, so as to bad name his saviors and damage enough to hide away his own problems. "Made the opponent looks much more worst, so he looks better, at least Chong though that way. A character assassination as good as homicide, is evil and dirty, and foolish. A sin of all sin", commented a senior government officer. “Worst of all, money is turning human into animals”, add the officer. A charge was not pledged guilty, as expected, and it will be guilty once proven. But that is not important. Chong purpose is perception building, that's all he cares.



Allegation after allegation. Again?

Kuala Lumpur 14 Jan 2016: Nexgram Holdings Bhd has announced the redesignation of former Executive Director cum CEO of property, Mr Alan How Han Lun as its Interim chief executive officer (CEO) effective Jan 14, a natural succession plan where Alan was appointed as executive director since September 2014. Another experienced corporate director, Chen Chuan Sum was also appointed to the board earlier.

The former CEO, Dato' Tey Por Yee had retired after he successfully lays down clear business plans and strong management team, and stands strong until all stakeholders’ interest are well protected before his departure.

"Dato' Tey's persistence effort which put minority shareholders and employees’ future on top of his own priority and took his personal hit on dubious corporate fight at his personal capacity, is respectably a strong corporate warrior. The investment community pay highest respect to this young entrepreneur which put everyone else interest ahead of his own." commented a senior banker.

A senior journalist which spends effort to study the matters, "Dato' Tey put trust on professionals to run companies he invested in, and sadly one out of dozens of his investments, there is one company CEO which market believe sets him up and put a blame for personal cover up in order to take control of the company. Dato' Tey stands strong and makes sure everyone is safe, especially the mom and opo public shareholders, and then he takes the hit himself. Not like his counterpart which does exactly the opposite. Respect such professionalism and business ethic, as a responsible businessman. Outstanding".

According to Nexgram press release, since Dato Larry’s return to Malaysia corporate scene in year 2012, the small company has turned around and diversified to include property development, security surveillance, and other growth businesses. The company had gone through a series of on-going restructuring and pose to prepare for new growth.

Nexgram investors would look back few years later and appreciate what this legendary businessman had put in place a growth engine for his stakeholders.

Wow father and sons criminal work using protasco. LOLOLOL

Do alice spam style lor. Giv chong ket pen a hand job:
X
HoChunFat Also can spam like my boss chong ket pen lah.

Saturday, 1 November 2014
Tey alleges foul play in Protasco case


PETALING JAYA: Protasco Bhd non-executive director Tey Por Yee claims that the board is “protecting” managing director Datuk Seri Chong Ket Pen by refusing the latter to defend himself on the allegations of the RM10mil personal gain.

The resolution to suspend Chong until disciplinary action could be taken was also not allowed to be tabled, he alleged.

“The board of directors of Protasco is no longer independent. It is, in fact, using Protasco’s resources and money for Chong’s personal agenda to remove me.

“This EGM that they have called is deliberately scheduled ahead of ours and will be paid by Protasco. They are trying to prevent shareholders from knowing the truth,” Tey alleged in a statement yesterday.

The EGM that Tey has called and funded by himself, will be held at 10am on Nov 28.

Its purpose is to present the facts and evidence of Chong’s alleged wrongdoing directly to the shareholders and to ask for the removal of Chong.

However Protasco is holding an EGM on Nov 26 to remove Tey and another director. This EGM came about after it was proposed by two shareholders namely, UOBM Nominees (Tempatan) Sdn Bhd and Tan Heng Kui.

UOBM Nominees is the pledged securities account of Penmacorp Sdn Bhd, an investment holding company whose shareholders are Chong, his wife Datin Seri Hoo Chit Neo and their sons Chong Ther Nen, Chong Ther Zern, Chong Ther Shern and Chong Ther Vern.
18/01/2016 08:19

Another c2pid alice chong ket pen admit manipulate media. People now believe in blog more than read newspaper you dono meh?

C2pid alice chong. Tey abd ooi "gave up their vote" as protest of no confidence on dirty chong tricks. So manipulate his own votes 100% also can lah. Another joke my boss chong ket pen syok sendiri about. Funny crook.

Watch chong ket pen son spam. Copy and paste old stories. Where is drwarrant and his friends? Need hospital DR catch psycho!

Because of lawyer being good. Chong ket pen dirty lawyer set up and play gidion and made him pissed. Then chong cook story on lawyer just like he cook story on unrelated directors. Any of his victim maid retired went back, he also can cook story master torture maid maid ran. This is the type of crook my boss chong ket pen is. Psycho as u can imagine. Fly kite.

So anyone wants to follow chong ket pen modus operandi, also made up abd copy paste like his son lor

Also can spam like my boss chong ket pen lah.

Saturday, 1 November 2014
Tey alleges foul play in Protasco case


PETALING JAYA: Protasco Bhd non-executive director Tey Por Yee claims that the board is “protecting” managing director Datuk Seri Chong Ket Pen by refusing the latter to defend himself on the allegations of the RM10mil personal gain.

The resolution to suspend Chong until disciplinary action could be taken was also not allowed to be tabled, he alleged.

“The board of directors of Protasco is no longer independent. It is, in fact, using Protasco’s resources and money for Chong’s personal agenda to remove me.

“This EGM that they have called is deliberately scheduled ahead of ours and will be paid by Protasco. They are trying to prevent shareholders from knowing the truth,” Tey alleged in a statement yesterday.

The EGM that Tey has called and funded by himself, will be held at 10am on Nov 28.

Its purpose is to present the facts and evidence of Chong’s alleged wrongdoing directly to the shareholders and to ask for the removal of Chong.

However Protasco is holding an EGM on Nov 26 to remove Tey and another director. This EGM came about after it was proposed by two shareholders namely, UOBM Nominees (Tempatan) Sdn Bhd and Tan Heng Kui.

UOBM Nominees is the pledged securities account of Penmacorp Sdn Bhd, an investment holding company whose shareholders are Chong, his wife Datin Seri Hoo Chit Neo and their sons Chong Ther Nen, Chong Ther Zern, Chong Ther Shern and Chong Ther Vern.

Wednesday, 29 October 2014

Protasco directors in legal tussle over the recovery of RM10mil

BY WONG WEI-SHEN


PETALING JAYA: In a turn of events, Protasco Bhd independent director Tey Por Yee (pic left) has filed a derivative action at the Kuala Lumpur High Court against the company’s managing director Datuk Seri Chong Ket Pen (pic right) and six others for the recovery of RM10mil.

Tey, through his private vehicle Kingdom Seekers Ventures Sdn Bhd, is suing the defendants for and on behalf of Protasco to recover the money which Chong had allegedly benefitted from via a private company RS Maha Niaga Sdn Bhd.

In a statement late yesterday, Chong denied the allegations, claiming that the derivative action by Tey was completely devoid of merit and appeared to have been actuated by malice.

He said the proceedings amounted to nothing more than an attempt to smear and tarnish his reputation, apart from seeking to divert attention away from the ongoing legal proceedings filed by Protasco against Tey and others.

“I am confident that the truth is on my side and will emerge in the fullness of time. I have appointed solicitors to vigorously defend the said derivative action. I will be lodging a police report in respect of the allegations made against me,” Chong said in a statement.

In the suit filed by Kingdom Seekers Ventures, apart from Chong, the others named as defendants were Kenny Chong Ther Nen (Chong’s son), Low Kian Seng, Edward Khoo Mong Wei, Lim Yew Ting and RS Maha Niaga. Also named as a defendant was Protasco by virtue of it being the representative of the claim.

Together with his counsel Gideon Tan, Tey claimed to have uncovered a money trail involving monies paid out by Protasco through two layers of companies, which eventually led to an RM10mil cheque being drawn and paid to Maha Niaga.

Tey alleged that an Indonesian oil and gas company, PT Anglo Slavic Utama (PT ASU), through its lawyers, had informed him that the RM10mil was Chong’s financial gain from two contracts.

The two contracts were the oil deal with PT ASU, and bitumen and coal trading with Indonesian company PT Goldchild Integritas Abadi.

According to Tey, in February 2013, Protasco via its subsidiaries has paid RM16mil in total to Goldchild Integritas for bitumen and coal trading with Indonesia. Of this RM16mil, RM10mil was channelled back to Maha Niaga.

The suit, which was filed yesterday, came a day after Protasco announced that two shareholders holding 10.51% collectively were seeking to convene an EGM to remove both Tey and Ooi Kock Aun, a non-executive director.

Speaking to reporters at a briefing yesterday, Tey claimed that the two shareholders seeking his removal were linked to Chong.

“Now, I know the real reason for the lawsuit – it is really just a boardroom fight and they want to remove me, who have invested close to RM100mil in Protasco. I am a substantial shareholder and a threat to Datuk Seri Chong.”

Kingdom Seekers Ventures is seeking a declaration from the defendants that they had allegedly breached their fiduciary duties by benefiting RM10mil at the expense of Protasco.

Tey is also seeking an order that the defendants account for the RM10mil, and return it to Protasco within 14 days from the court order or time stipulated by the court.

Tey contended that according to records with the Companies Commission of Malaysia, shareholders of Maha Niaga are Protasco project director of property development Edward Khoo Mong Wei and corporate adviser Lim Yew Ting.

Khoo is also a director of Maha Niaga, together with Protasco Trading Sdn Bhd (a Protasco subsidiary) general manager Low Kian Seng. Khor Hooi Ling is the company secretary for both Protasco and Maha Niaga.

Both companies have the same correspondence address and telephone numbers.

Tey, who has an 18% stake in Protasco, said he would call for an EGM to present the facts to the shareholders and to ask for the removal of Chong. “I anticipate the EGM to be held by end-November or early December, as soon as possible,” he said.

The corporate battle between Chong and Tey came to light on Sept 22 this year when Protasco filed a suit against Tey, Ooi and PT ASU in relation to the proposed acquisition in late 2012 of a 76% stake in PT Anglo Slavic Indonesia (PT ASI) for US$55mil (RM181.3mil).

On Jan 29, Protasco entered into an amended SPA with PT ASU for the acquisition of a 63% stake in PT ASI for US$22mil that came with a profit guarantee of US$22mil spread over four years.

However, the deal fell through, as conditions under the amended SPA were not fulfilled within the stipulated timeframe.

Protasco, in its suit, claimed that Tey and Ooi breached their fiduciary and statutory duties, including the duty to disclose their interest in the transaction, conspiracy to defraud the company and the making of secret profits. Tey denied the allegations and contended that neither he nor Ooi are directors.

Thats what my boss did. Made up and create perception.

Chong Ket Pen grand scam to cheat police to work for him under duress busted
Draft Report
Case Study 12 June 2015. Updated NY, 30 September 2015

Chong Ket Pen Inducement on the Police Retiree Business Scam Busted - the Real Reasons behind reveal


Who is Chong Ket Pen (Chong, Dato' Sri)?


Chong Ket Pen according media conclusion, could be summarized in 2 sentences:
Ungrateful
Bites the hand who feed him

(Media summary could be found at: 忘恩负义 张吉平 - Con Man Chong Ket Pen : How he stolen Protasco. ref: http://protasco.blogspot.com/ )

The International case study of modern commercial and criminal law, would count this small company (Protasco) senior officer's attempted crime as an important text book material. One Chong Ket Pen, male, public servant, where Malaysian business community calls him con man of the year (2014), bankers name him scammer of all time, or police forces crown him "Crook", is a joke to this young country legal system, yet a good material for International case studies. Chong reportedly involves in criminal scam similar to ponzi scheme, as he repeatedly induced and cheated his business partners over the last 30 years.

Notable investors / bosses Chong have cheated includes:
Dato' Hasnur Rabiain Bin Ismail (Played out, Resigned & Left on 13.June.2012)
Tun Daim bin Zainuddin (Played out, Sold and Left December 2012)
Dato' Tey Por Yee & Dato' Ooi Kock Aun (Played out & Left November 2014)

http://protascopolicescam.blogspot.com/?m=1

Ss is not dum, the one carrying the ss is.

Alice chong is cong ket pen son. His dad that threaten and link stories to made up perception. Like his son is doing now. Dirty tricks.

So now chong you show its true you made all these happen to make perception on your investors tey and ooi. And tried to cover up your father own wrong doing by inflating the scapegoat perception building. Cheap devil. What business people do, also not big enough than your father's money siphoning in protasco lah. Turn devil also think of sin you did, be it a drug dealer saved your father from total lost of protasco. It saved you. Wake up sinster!

Hahaha. Who called my name? Chong strip show he made all these crime happens. The cause of crime is criminal. Good job for a sabotage.

Alice chong ther nen mah you dono my boss son meh?

No monkey to play. Play spam. Cheap

Tpy help made nexgram steady and strong and he go take hit by chong ket pen. Ho chun fat is innocent under ckp instruction. So when shot just shot ckp not him.

Here is what ckp did.

1983bubble Very good. How much chong ket pen paid to grt his maid rape ar?

Derrickchongketpen http://klse.i3investor.com/blogs/bursagovernanceleak/89802.jsp
Chong ket pen spend black money just to get a malicious charge. Whole world also know la. You can charge him also for raping his maid. True or not dont care. Dirty trick. Past.
15/01/2016 15:29
17/01/2016 09:04

Chong ket pen son alice chong moda operandi spam lies again. Son of thief is still thief.

Ho chun fat the japanese running dog a shame. See what a strong leader did. Taken good care of company nexgram then leave on good management team and take hit himself for enemy sham report and allegation. Bursa or SC boys got spam with lies and bribe, cant see how strong a leader is protection investors. Taking inducement from ckp is as good as criminals.

Chong lies cannot lie forever. Tpy take hit himself. Ckp leh? Cheap crook hide behind tpy company protasco that he stolen. Shame

Chong ket pen spam lies again. Alice chong how come know ckp boss dirty work so much? Indonesia also you know, you are ho chun fat play boy kenny chong is it?

So bhp also can write of bullions because of commercial lost, and chong put a blame on scapegoat..... I am sorry. Chong ask me to file false report. I have to listen. Do i go to jail? Chong said money can turn black to white or upside down. In ringgit i believe.

Not Ho Chun Huat, is chong ket pen who lied and ask me files false report.
Tey Por Yee and Ooi Kock Aun the consultants turn victim lodged police report against Chong Ket Pen

The Protasco Bhd fiasco which surface the true intention of one Chong Ket Pen, the Managing Director cum shareholder which has consistent track record of putting blame and play out his partners, starting from his co-founder, Hasnur, then his x-boss Tun Daim, and latest, his savior Tey Por Yee and Ooi Kock Aun.

The fire back happens when Chong Ket Pen fails to cover up the truth when contradict lies were told to the public. Both Tey Por Yee and Ooi Kock Aun lodged police report against Chong Ket Pen, which hides and abuses Protasco Bhd, a public company as his personal shield to bombard the media, law makers and authorities in hope to cover up the macro picture of his crime. It doesn’t work and back fired. Worst off, the trigger surfaces Chong even more problems at his back yard.

According to Chong’s associates, the RM10million (stolen by Chong) for the cover up of Chong Ket Pen’s personal private company to pay for his own commitment is just the tip of the iceberg. Which explains the victimization of Chong Ket Pen’s savior, the 2 consultants which bails Chong out of his destiny in losing Protasco Bhd, is how Chong hopes to divert attention away from his hundreds of millions Ringgit of questionable contracts and dealings, as told to the press by his competitors and associates.

The crime Chong Ket Pen did, simply wrap up in 1 sentence. Cover up his wrong doing.

To recap, Chong Ket Pen with no excuse to run away from his obligation, put blame on irrelevant deal referral ownership, which Chong knows, agreed and signed a deal commitment agreement which clearly spells out his commitment to a combination of deals worth US55mil (Chong Ket Pen’s obligation and debt), which are either owned or referred by the consultants, in exchange for consultants to either acquire or refers investors to acquire Chong Ket Pen’s “evil enemy, Mr. Shorty”, as Chong Ket Pen described his x-boss, Tun Daim, to “free him (Chong Ket Pen)” from being eaten by the devil.

Whatever micro excuse Chong Ket Pen bribed and mislead the public, were just tip of the iceberg originated from Chong Ket Pen’s engagement contract, which he himself “placed the order”, and all the follow through of deal arrangement, recruitment, processing and setup, are mere standard project work flows. This simple fact is haunting Chong Ket Pen, he is having hard time to swallow his guilt of telling lies. “Chong’s time is numbered, he has to repay his debt for all the bad deed he taken from public and his competitors”, according to his associate.

Reporter tips. Its not Chong ket pen who betray his partner. Is Ho Chin Fat. He said "Chong told me do false report. I dont know anything chong sign. I was cheated." Money can turn human to animal. Cute