Walaoeh, what happend? Why Melewar share price suddenly spike up? Economy start booming & now is the steel theme after the glove theme? Like that today or tommorrow break above 0.50 or 0.80 is no problem already lah ! T.p by end of Sept 2020=> break above RM1.00 T.p by end of Dec 2020=> break above RM2.00
The company at the centre of RM90 mil Tourism Malaysia bribery scandal
By Emmanuel Samarathisa | June 11, 2020 5:56 pm | Featured, Mainstream
The Malaysian Anti-Corruption Commission (MACC) has detained three directors of a company for bribing their way to an RM90 mil contract with Tourism Malaysia.
While Tourism Malaysia’s website shows an empty page on its procurement list, this issue was brought up by portal Marketing Magazine early this year which has a screenshot of the tender awards page.
It shows that the company in question is a certain IO Movement Sdn Bhd.
The company was founded by Ibrahim Ivan Omar and, according to company filings, the current directors of IO Movement are Rachel Chew Kay Leng Omar and Murada Nur.
Past directors were Mohamed Nazli Ab Halim and Mohd Adnan Idris. Nazli resigned on March 9 this year and was replaced by Murada, while Adnan quit on Aug 10, 2016.
IO Movement’s shareholders are Chew (90%) and Tunku Izrina Mazuin Tunku Iskandar (10%). Tunku Izrina was also a director from Nov 20, 2007 to Aug 8, 2016.
The company made a net profit of RM33,709 on the back of RM191,510 in revenue for the financial year 2016.
Further checks show that Chew is only a shareholder of IO Movement but Tunku Izrina is a director or shareholder of a clutch of companies.
Among them, she is a shareholder of Melewar Utama Sdn Bhd (9.99%), a subsidiary of Melewar Group Bhd, where her father Tunku Iskandar Tunku Abdullah is a director. The Melewar Group’s shareholders and directors come from the Negri Sembilan royal family.
IO Movement is described as a company providing consultancy services in public relations and communications.
According to sources, the three directors, aged between 31 and 48, were detained at MACC headquarters yesterday, and are remanded for four days.
Wow, Fantastic! Oil price spike up to sky high again ! As at 8.42pm, Nymex=> $42.76 (+0.42) (+0.99 percent) ! Brent=> $45.40 (+0.47) (+1.05 percent) !
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