CKP and sons big thieves. The debt balloon is getting too big yet still wanted to steal another RM48 million cash from Protasco, and not a single query from Bursa Malaysia or Securities Commission?
This is the end of Pakatan Harapan if crook still walks among us.
This shows that Malaysia authorities are shallow to take surface for granted. Evidence of Chong Ket Pen swindle and cheating was exposed years ago, yet, Chong and sons can get away with even more money until Protasco collapse. See how Chong Ket Pen's salary shoot off the roof from RM600k per year to RM4 million per year. 94 year-old Tun Mahathir better becomes Protasco Managing Director and save the JKR money swindling.
More and more criminal evidence on CKP. CKP did so much crime afraid goes behind bar sure collects more Protasco shares and takes private. 30c going 35c. SC he plash money already so spent RM350 million also no blocking him. All the way up!
Stock: [PRTASCO]: PROTASCO BHD
Mar 21, 2019 9:35 AM | Report Abuse
CKP stolen so much money sure buy more shares. 30c soon
Protasco AGM 30 May 2019. The Annual Graft Meeting celebrating Malaysia's top kleptoCRAZY.
Circle of fraud money-looting ring: UOB Bank, Protasco Bhd, PPAM, JKR.
List of "legitimate criminals" under organised-crime led by CKP: =============================================== Chong Ket Pen (CKP) - Mastermind & King of Fraud Tan Heng Kui - patner of CKP Ho Chun Fuat - Slave of lies, conspiracy & money laundering Kenny Chong Ther Nen - Prince of Fraud (2nd defendant) Lim Yew Ting - Butler to King of Fraud Tan Yee Boon - Joker & cheerleader to CKP Augustone Cheong Kwok Fai - Joker & cheerleader to CKP Tjoe Yudhis Gathrie - muppet to CKP's fraud scheme
List of "hired assassins" and "TRAITOR OF THE NATION" paid under Protasco (sin money) to cover up CKP's crimes" =============================================== Hadenan Abdul Jalil - Most corrupted MACC "advisor" Salleh Mat Rashid - cover up PDRM on CKP's CBT, fraud and cheating trail. Firdaus Abdullah - fool Pakatan government, cover up CKP's Najib Razak graft & corruption trail. Sivaneindiren - LAW BREAKER from Cheah Teh & Su Robert Low Choon Chong - LAW BREAKER from Ranjit Ooi & Robert Low
Protasco's HUGE CRIME cover up:
RM350 million Heist, CBT & Money Laundering by CKP from 2014-2019: =============================================== CKP from 15.5% Protasco shareholder (worth RM35mil), stolen Protasco, and to "spend" RM350mil inside Protasco Bhd, by adding RM324mil DEBT especially from UOB Bank. Majority of such money went to CKP & sons personal pockets, including recycling of the ill-gotten money to buy more Protasco shares.
Protasco Bhd suffered -RM44mil net poss on December 2018, and added RM324mil DEBT during CKP's 5 years sole possession.
Protasco Bhd 30 May 2019 AGM mark the END of Bursa Malaysia credibility, FAILURE in legal system, and celebrate the SUCCESS of kleptocracy, organised-crime, and corruption.
Another RM48.6 million is guaranteed another SUCCESSFUL HEIST, to be openly and publicly TAKING from Protasco Bhd and PAID to CKP himself, voted using ill-gotten shareholding, with shares bought using CASH illegally siphoned from within Protasco Bhd, through abuse of ill-gotten power, in the up coming AGM. This is the most complete re-cycle of CBT and predicate offence to the maximum in this country.
On top of such public crime, CKP is also covering up the JKR corruption using transfer pricing, to KEEP ON TAKING RM4.2 billion the next 8 years from 32 million Malaysian. 10% of such "industry norm" under table corruption will be pocketed by CKP and cronies, and Pakatan Harapan seems to be compromised, through CKP's "PAID TRAITORS OF THE NATION".
Chong Ket Pen & sons. What have they stolen from Protasco Bhd out of RM350 million "DEBT-DRIVEN-SPENDING" by CKP? Check your Protasco Bhd annual reports, do your homework, before attending Annual Graft Meeting (AGM) to witness the success of organised-crime:
Reference of PPAM (hidden) news from public CKP don't want you to know:
look like parti hampeh causing most companies suffering dwindling revenues since may 2018.. so much for parti hangus.. well not suprising as their want mesia to go bankrupt..kasi mampus sume kikiki
CKP. After stolen hundreds of millions and caused Protasco debt rise to rm600million, still cheat another rm48mil in EGM, and even rm0.006 bone also sapu. Perfect criminals!
Police involvement in businesses will lead to conflict of interest, warns C4
June 21, 2019 6:19 PM
PETALING JAYA: The Center to Combat Corruption and Cronyism (C4) has criticised the increase in business connections with the police force, established through their cooperative society, Koperasi Polis Diraja Malaysia Berhad.
“KOP Mantap has also formed joint ventures or partnerships with many private companies such as Eita Resources Bhd, G3 Global Bhd and Protasco Development Sdn Bhd,” Gabriel said.
TAWAU (July 23): Implementation of works on the Pan Borneo Highway project which have been handed over to the state government will begin latest by September with the set up of a management team, said Sabah Infrastructure Development Minister Datuk Peter Anthony.
He said the team would be responsible for all construction works related to the highway project.
"Work on the entire highway project including Package 15 in Tawau will be resolved with the formation of the Pan Borneo team,” he told reporters, after he was briefed on developments in Lahad Datu, Kinabatangan and Tawau districts by the Works Department at a hotel here today.
Meanwhile, Peter said only minor changes pertaining to specifications for road construction, would be made in the construction of the Pan Borneo Highway.
"For example, we noticed heavy vehicles are plying the roads around Beluran, Telupid and Lahad Datu causing damage to the roads.
"As such we have instructed the Works Department to look into this and to ensure that the concrete, stones or asphalt are more compact in these areas," he said.
Meanwhile, he informed that construction work on the Tawau dam at Gudang Empat, Cinta Mata near here resumed last week.
"The dam is expected to be ready in four years,” he said adding that stern action would be taken against concessionaires’ companies with poor road maintenance record in the state. — Bernama
Following the restructuring exercise, HCM KI, which is now known as Solarcap Sdn Bhd is 68% owned by Ikram Greentech Sdn Bhd, a wholly-owned subsidiary of the Company and will be venturing into renewable energy business
More and more criminal evidence on CKP. CKP did so much crime afraid goes behind bar sure collects more Protasco shares and takes private. 30c going 35c. SC he plash money already so spent RM350 million also no blocking him. All the way up!
Stock: [PRTASCO]: PROTASCO BHD
Mar 21, 2019 9:35 AM | Report Abuse
CKP stolen so much money sure buy more shares. 30c soon 09/04/2019 12:25 AM
Ho Chun Fuat lies for Chong Ket Pen until dead heart attack. How many people Chong kills to feed his greed? The crook is unbelievable.
10/04/2019 10:43 PM
protascostaff Protasco AGM 30 May 2019. The Annual Graft Meeting celebrating Malaysia's top kleptoCRAZY.
Circle of fraud money-looting ring: UOB Bank, Protasco Bhd, PPAM, JKR.
List of "legitimate criminals" under organised-crime led by CKP: =============================================== Chong Ket Pen (CKP) - Mastermind & King of Fraud Tan Heng Kui - patner of CKP Ho Chun Fuat - Slave of lies, conspiracy & money laundering Kenny Chong Ther Nen - Prince of Fraud (2nd defendant) Lim Yew Ting - Butler to King of Fraud Tan Yee Boon - Joker & cheerleader to CKP Augustone Cheong Kwok Fai - Joker & cheerleader to CKP Tjoe Yudhis Gathrie - muppet to CKP's fraud scheme
List of "hired assassins" and "TRAITOR OF THE NATION" paid under Protasco (sin money) to cover up CKP's crimes" =============================================== Hadenan Abdul Jalil - Most corrupted MACC "advisor" Salleh Mat Rashid - cover up PDRM on CKP's CBT, fraud and cheating trail. Firdaus Abdullah - fool Pakatan government, cover up CKP's Najib Razak graft & corruption trail. Sivaneindiren - LAW BREAKER from Cheah Teh & Su Robert Low Choon Chong - LAW BREAKER from Ranjit Ooi & Robert Low
Protasco's HUGE CRIME cover up:
RM350 million Heist, CBT & Money Laundering by CKP from 2014-2019: =============================================== CKP from 15.5% Protasco shareholder (worth RM35mil), stolen Protasco, and to "spend" RM350mil inside Protasco Bhd, by adding RM324mil DEBT especially from UOB Bank. Majority of such money went to CKP & sons personal pockets, including recycling of the ill-gotten money to buy more Protasco shares.
Protasco Bhd suffered -RM44mil net poss on December 2018, and added RM324mil DEBT during CKP's 5 years sole possession.
Protasco Bhd 30 May 2019 AGM mark the END of Bursa Malaysia credibility, FAILURE in legal system, and celebrate the SUCCESS of kleptocracy, organised-crime, and corruption.
Another RM48.6 million is guaranteed another SUCCESSFUL HEIST, to be openly and publicly TAKING from Protasco Bhd and PAID to CKP himself, voted using ill-gotten shareholding, with shares bought using CASH illegally siphoned from within Protasco Bhd, through abuse of ill-gotten power, in the up coming AGM. This is the most complete re-cycle of CBT and predicate offence to the maximum in this country.
On top of such public crime, CKP is also covering up the JKR corruption using transfer pricing, to KEEP ON TAKING RM4.2 billion the next 8 years from 32 million Malaysian. 10% of such "industry norm" under table corruption will be pocketed by CKP and cronies, and Pakatan Harapan seems to be compromised, through CKP's "PAID TRAITORS OF THE NATION".
Chong Ket Pen & sons. What have they stolen from Protasco Bhd out of RM350 million "DEBT-DRIVEN-SPENDING" by CKP? Check your Protasco Bhd annual reports, do your homework, before attending Annual Graft Meeting (AGM) to witness the success of organised-crime:
Reference of PPAM (hidden) news from public CKP don't want you to know:
Criminal Chong Ket Pen's personal greed to steal and posses Protasco cost the collapse of Protasco Bhd, the death of his alibi CFO Ho Chun Fuat, and now the scapegoat Chairman Hadenan Abdul Jalil. GOD IS GREAT.
Chong ket pen scam plan to steal board control of protasco proven made himself hundreds of millions siphoning money from protasco to his own pocket. Criminal all out!
More illegal fake account add more debt and more borrowing and pay more to chong ket pen, and recycle illegal money buying more shares. Share price sure goes up. Chong thinks he steal more money he can buy Bursa and SC.
NanYang News misleading title "RM4.8 million profits" is meant to be "10 years accumulated", not yearly. That's correct.
The cronyism news of Sarawak contract awarded to Protasco Bhd is meant to just "entitle to 30% profits" to Protasco, and the news cooked up is such a joke, as if it saved Protasco from the mess.
Contract profit of RM480,000 a year profit is not even a fraction of Dato Sri Chong Ket Pen (translate) and sons yearly salaries and fees (about RM5 million a year) taken out from Protasco Bhd. The Chongs 5 years money taking scheme from Protasco Bhd of more than RM150 million (with evidence from annual report) is an open secret, hence such petty "donation of RM480,000 a year" contract is such a shame.
Perhaps the best way to save Protasco is to craw back the money taken by Chongs and remove them from the board to save cost. Rather than taking (corrupted) contracts such as this news, which might cost Protasco even more when MACC and IRB steps in years later.
As usual, Chong Ket Pen continues to use the (illegal) money taking method, by faking numbers and news, borrow more money and pay more dividend to himself, recycle those ill-gotten money and buy more Protasco shares. Cooking fake news to manipulate share price in hope to legalise his price ramping and buying spree, is not going to last. Hiring retired police and political media poison pens won't keep authorities at bay for long.
Besides the RM150 million stolen by Chongs as evidence from annual reports, Protasco under Chong's sole control has accumulated over RM730 million debt. Newspapers are as good as waste paper mill, recycling Chong's fake news.
The Edge for example, is the worst business newspaper who bankrupted itself in support of Chong's questionable activities. The fake news was repost 6 times online by The Edge over 2 days, and NanYang Press pick it up to repost the piece of trash. Press or trash, perhaps investors should do their own home work. Study a little bit deeper into Protasco quarterly accounts would see the true situation of this financial hoax in making. Before the Bursa Malaysia has any chance to recover, perhaps ugly financial write offs would take place every soon to clean up the bad apples. The "Billion Ringgit Debt" Protasco Bhd bubble is definitely larger than the RM400 million debt London Biscuits Bhd.
The sign is clear when guilt calls. Ho Chun Fuat (the CFO) and Hadenaan Abdul Jalil (the Chairman) which facilitated Chong's suspected illegal activities and his causes of the pile up of RM730 million debt in Protasco were (being) "deceased" this year. What a coincident?
After the 2 key witness (for Chong's suspect wrong doing) passed away, would Chong Ket Pen claims "being treated for Burn-Out Stress Syndrome (A.K.A Mental Illness) following London Biscuits Bhd's Dato Sri Liew Yiew Chung move when the sheet shoot up the roof? The 4 Chongs better find different excuses for "each of them" for what type of mental illness syndrome suit their characters, or no doctor would give a general "genetic mental illness prescription" across all 4 of the Chongs family.
If it does happen, this might be the first in human history for a public company white collar case to discharge “4 family members” from (suspected) crimminal crime because of having "same mental disorder syndrome"! This could be another Malaysia No.1 after being crowned the country with the eldest leader in modern history.
Source: Google News. The Edge news "spam" on behalf of Chong Ket Pen's Protasco (as of 15 December 2019):
南洋误导性新闻是说10 年”总共“可能赚马币480万吧?没看错吧?
政府裙带贪污合约被“施舍30%利益归PROTASCO”的烂新闻都拿来行骗。笑话。
一年马币48万“毛利”都不够付(CHONG KET PEN)张吉平一家4口在PROTASCO白吃白喝吸食公家薪水和公款(估计每年不下马币5百万)。被张家偷的5年里有证据的就不下马币1亿5千万了。养一般废物,做这么点塞牙动作都不够它一家骗子吃。不信看看年度报告就真相大白,铁证如山。
可爱的是 PROTASCO 张吉平可疑犯罪的两个重要证人相续“被去世”,给PROTASCO悬案增添了神秘感。何春发(HO CHUN FUAT)和哈迪南(HADENAN ABDUL JALIL)相续在今年过世。剩下张吉平父子和一群擦张吉平鞋的同谋,会不会在东窗事发时,学习马币4亿银行债务的伦敦饼干厂(LONDON BISCUIT BHD)总操手刘某,来个“精神病压力”理由,图全身以退?
NasiifBad As predicted. CKP did too much crime so only way to avoid jail is keep swindles Protasco money and buys Protasco shares and takes it private. 30c going 35. All the way up! 09/04/2019 12:27 AM
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CrimeHead
14 posts
Posted by CrimeHead > 2019-03-30 23:27 | Report Abuse
https://klse.i3investor.com/blogs/chongketpencharged/200266.jsp
CKP and sons big thieves. The debt balloon is getting too big yet still wanted to steal another RM48 million cash from Protasco, and not a single query from Bursa Malaysia or Securities Commission?
This is the end of Pakatan Harapan if crook still walks among us.