Highlights

MACC Clean Up Corporate Rats

Author: MaccClean   |   Latest post: Fri, 18 Jan 2019, 10:29 AM

 

After Ancom Bhd’s Siew, Protasco Bhd Chong's RM4.2 billion JKR contract awarded pre-election MACC next probe? Insider Watch.

Author:   |    Publish date:


 

10 January 2019, Kajang, Selangor, Malaysia - Protasco Bhd saw the SUKE contract terminated and the market is expecting more revision in the government contract manipulators given by the former government.

The MACC probe into high profile contract awards, especially those compromised and dubiously awarded pre-Malaysia General Election, are under review and awaits action from relevant authorities.

According to The Edge newspaper, Ancom Bhd executive chairman and former Tourism Malaysia chairman Datuk Dr. Siew Ka Wei was remanded for four days over an RM100 million tourism contract awarded before Malaysia's 14th general election. The Edge quoted that The Malaysian Insight reported today.

Market perceive this pre-election probe is just a small starter plate compared to Protasco Bhd’s RM4.2 billion JKR contract awarded to Dato Seri Chong Ket Pen’s high profile pre-election political campaign in May 2018 after it got awarded such contract in April 2018. Market consensus is anticipating when is the high profile public service contract be probed. Protasco Bhd quarterly cash flow saw RM66 million shortfalls right before the said contract was awarded.

MACC Watch

 

reference:

http://www.theedgemarkets.com/article/ancom-chairman-siew-ka-wei-remanded-over-rm100m-tourism-contract

Share this
Labels: ANCOM, PRTASCO

Related Stocks

Chart Stock Name Last Change Volume 
ANCOM 0.45 -0.005 (1.10%) 945,400 
PRTASCO 0.28 +0.01 (3.70%) 22,961,200 

  Be the first to like this.
 


 

402  326  492  672 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.22+0.06 
 SAPNRG 0.285-0.005 
 SUMATEC 0.005-0.01 
 MYEG 1.01-0.06 
 BARAKAH 0.08+0.02 
 NEXGRAM 0.020.00 
 IRIS 0.15+0.005 
 XINGHE 0.045+0.005 
 KNM 0.09+0.01 
 ECONBHD 0.515+0.045 

TOP ARTICLES

1. 火中取栗拼油气(下) 菜鸟必学7招/冷眼 【冷眼专栏】漫漫投资路
2. 当遇上基本面投资法(上) “反向”战略非唱反调/冷眼 【冷眼专栏】漫漫投资路
3. Stocks on Radar - AirAsia Group (5099) AmInvest Research Reports
4. FPI FY19 revenue growth expected to hit 15% FPI 2大因素前景看好台灣聯友今年再 尋突破
5. [转贴] 真实还原97亚洲金融风暴,韩国从暴富到破产仅用时7天! Good Articles to Share
6. Stocks on Radar - Elsoft Research (0090) AmInvest Research Reports
7. THE PERCEPTION OF P/E or: How I learned to fear my Wife the bursa journey that worked for me. 2000-2019
8. JAKS Resources Berhad - RM25.5m P&L Hit PublicInvest Research
Partners & Brokers