Ckpconagain

To know who is chong ket pen have to study his background. Some head start.

http://anotherbrickinwall.blogspot.my/2014/11/pursue-right-culprit-on-protasco-fiasco.html?m=1

2017-07-16 15:56

Ckpconagain

Latest summary: http://pushingchongketpen.blogspot.com/2017/03/chong-ket-pen-movie-2018-how-pushing-of.html?m=1

The story has since inspired many researchers in the West to learn about corporate gangsters in Asia using public listed companies to bury away their wrongdoings, at the extent of betrayal and cause harm and injury to shareholders who put them on their position in first place. Chong Ket Pen in this story with 13% shares in public company Protasco had cheated Ooi Kock Aun and Teh Por Yee the Protasco major shareholders, and Chong eventually found his ways to raise 100 million Malaysia Ringgit to buy his Protasco shares up to surface of 28% after putting a blame on Ooi and Teh. The amazing rise of Chong Ket Pen shareholding and control of Protasco becomes a classic case in Asia graft and corruption study.

To recap, here are the snapshot of rising and fall of Chong Ket Pen movie:

Before the year 2000 - Chong Ket Pen was a public servant in JKR. (Malaysia Government Agency GLC related to Road Maintenance)

Year 2000 - 2012 - Chong Ket Pen and Hasnur was hired by their BOSS to handle Protasco national road maintenance contracts. (Privatise government contracts).

24 June 2012 - The BOSS fired Chong Ket Pen by designated him to non-executive director role in Protasco Bhd (Bursa Malaysia 25 June 2012 public announcement). As of to date, Chong Ket Pen has 13% shares of Protasco Bhd (as an appreciation token by the BOSS).

3 November 2012 - Chong Ket Pen engaged Global Capital to find investors through proxy of Ooi Kock Aun and Teh Por Yee to take over Protasco substantial shares from the BOSS (worth US$30mil); in exchange, Chong cheated investors by promise to cause Protasco to acquire basket of assets referred by Global Capital at total investment value of (US$55mil). Chong actually has no intention to honor but merely a lie to cheat investors.

30 November 2012 - Chong Ket Pen regain power as Managing Director, Ooi was appointed as non-executive director.

August 2014 - Chong Ket Pen had gained full control of Protasco board and management and manufactured series of blames to sue and voted out Ooi and Teh.

Chong Ket Pen never had the intention to complete or exchange the assets as per 3 November 2012 contract. He only used Ooi and Teh to gain control of Protasco and put blame on them to escape his wrongdoing.

Chong Ket Pen having a hard time explaining away billion Ringgit money trail related to potential graft and money laundering during his time in Protasco.

September 2014 - 2017 - Chong Ket Pen manufactured series of blackmail, flying letters and defamation actions on Ooi and Teh. Chong at the same time "suddenly found" & spent over 100 million Ringgit to buy Protasco shares within a short period of time. Bizarre money missing scheme in Protasco and strange dividend payout by using bank borrowed money becomes a hot topic in the financial market as legalizing "money siphoning".

2017-2018 - Trails of manufactured evidence and fabricated legal suits, directly and indirectly using Protasco money which trace back to Chong Ket Pen and his organized corporate criminal team was made public. How would the story escalate will be a billion Ringgit question?

Question is how he siphoned and took the money while paying so much to cause everything to go against his victims. Cause lawyers to take illegal money from him to do illegal work. Yet not feel guilty. How would such a betrayal and devil be honours to shareholders?

2017-07-16 16:30