AT GUNPOINT.....?
How long before your hand gets tired?
You won't get any sleep at night...
You'll be much too stressed to service your voracious wife.
She'll soon be sending for some toy boys...
Isn't this a much nicer and healthier option? You have enough cash stashed away to live in the lap of luxury the rest of your lives... far, far from your political foes in Malaysia!
When you can swim in a pool of cash & have enough for X number of generations, money no longer matters.
ReplyDeleteWhat matters is the ego, or more correctly, how others stroke your ego.
Why do you think the politicians here act like lords & kings? The symbol of the office (eg. minister) is worn like a king's crown. They're surrounded by a phalanx of butt kissers & shoe polishers who will lie & say anything to stroke the politician's ego further.
Add to that the misuse of power to enhance the image (thus ego). Such as the use of military helicopters, police outriders, misuse of tax payers money for personal enjoyment, using school students to sing songs about them or participating in self indulgent (syiok sendiri) events ....
Why do you think they hang on to power, by hook or by crook.
They dont want to be a nobody like us. Heck, even retired PM becomes nobody. Their ego cant take being nobody.
The Star Cosy Relationship with Convicted Criminals
ReplyDeleteI am one of the many victims of Ooi Boon Leong, the former director of MEMS TECHNOLOGY BERHAD who was convicted with his CFO, both who were convicted at the Sessions Court on 25th February.
The funny thing is that there was a Star Online article on the conviction, the same article NEVER made in to the Star proper !
There is a pattern here. In April 2009, the same 2 directors were reported be charged and reported
in the Star Online and amazing enough, it also was not published in the Star proper.
One wonders whether the editors at the Star were persuaded not to do so with an incentive. BTW, I had alerted Datuk Wong Chun Wai via his New Malaysia Blog but he chose not to publish this alert of mine. Wong Chun Wai is a Penang Lang and so is OBL... Is there a connection ? I think OTK must know about this abomination.
Please read the following Star Online article as follows :-
Former directors fined RM300,000 each for overstating revenue (Updated)
By M. MAGESWARI
mages@thestar.com.my
KUALA LUMPUR: Two former directors of a public-listed company were fined RM300,000 each by a Sessions Court here on Thursday after they admitted to overstating RM30mil in their investment holding company’s revenue.
Ooi Boon Leong, 49, was a director and an audit committee member of MEMS Technology Bhd while Tan Yeow Teck, 49, was its chief financial officer and an executive director.
In sentencing, Sessions Court judge Asmadi Hussin ordered each accused to pay his fine or serve two years in jail.
The two were said to have knowingly authorised the furnishing of a misleading statement to Bursa Malaysia Securities Bhd in Bukit Kewangan on Sept 27, 2007.
The misleading statement is contained in the report “MEMS Technology Berhad Condensed Consolidated Income Statements for the 12-month period ended July 31, 2007.”
Upon hearing their verdict, the two, who had resigned from their posts, were composed.
Pleading for leniency, their lawyer Francis Ng Aik Guan asked the court to consider that his clients had already been publicly reprimanded and fined by Bursa Malaysia for overlapping breaches pertaining to the same unaudited accounts for that financial year.
Ng said Ooi had been fined RM89,000 while Tan had been fined RM197,500 in October 2008.
He said both would be disqualified from holding directors’ positions upon their conviction, which would also affect their livelihood.
He said his clients were remorseful over their actions and had sincerely recorded their plea of guilt.
He asked the court to consider that his clients had contributed for the growth of the nation and to transfer of technology through their roles in the company.
In pressing for a deterrent sentence, prosecuting officer Shanti Geoffrey asked the court to consider public interest and the seriousness of the offence.
“Investors were misled with a statement issued to Bursa Malaysia on Sept 27, 2007, which was approved by both accused.
“In the false statement, out of RM73,416mil recorded for revenue, RM30,169mil worth of sales did not take place. The false sales comprised 41% of the overall revenue,” she said.
Geoffrey said investors were misled and suffered losses due to the false information, while both accused enjoyed revenue from their wrongful actions.
She said that Ooi was a substantial shareholder in MEMS Technology with over 38 million shares while Tan held 270,800 shares.
She said it was a planned crime where both accused had took about a year to generate and insert false sales in the accounts of its subsidiary company.
“Both are qualified accountants, they knew very well what they were doing,”she said, adding that elements of forgery and cheating were involved in committing the offence.
She said both accused had also failed to carry out their duty to shareholders and that their actions had affected the confidence of investors in the company.
See also http://archives.thestar.com.my/last365days/default.aspx?query=mems
Victimised, Penang