Criminal suspect Chong Ket Pen and sons cheated and killed Protasco Bhd. See the evidence, you will know how Protasco money was cheated and ended up in Chongs pocket, now heading to bankruptcy.
https://lokapchong.law.blog/2019/03/09/debt-ridden-protasco-bhd-catastrophe-ppam-contract-terminations-is-a-step-to-uob-bank-default-and-pn17-how-protasco-went-from-hero-to-zero/

Suspected Criminal Chong Ket Pen and sons crime evidence. Protasco is not corrupted but rob by Chongs.
https://lokapchong.law.blog/2019/03/09/debt-ridden-protasco-bhd-catastrophe-ppam-contract-terminations-is-a-step-to-uob-bank-default-and-pn17-how-protasco-went-from-hero-to-zero/

Technically insolvent aka pn17 aka bankcrupt. By chong ket pen the greedy criminal.

One more casualty!

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.

https://www.klsescreener.com/v2/news/view/579822

Lol. Chong ket pen photos with ex pm all cover up also. Replaced with tun M. Fantastic criminal. Cheated trucks of money from protasco.


NasiifBad https://klse.i3investor.com/blogs/chongketpencharged/201420.jsp

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

He cheat and took protasco and he lies for a living. Ho cover up for Chong and died of guilty. Chong turn is near.


CatchCrook Bursa news! CKP’s CFO cannot hold the lies and dead? CKP gets away on another RM48.6 million cheat from Protasco?

https://klse.i3investor.com/blogs/protascostaffexposed/207998.jsp
27/05/2019 10:30 PM

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!

As long CKP the crook still inside, Protasco is gone case. Criminal Chong eat and eat and eat, money all gone.

Crook CKP. Behind bar is too easy for him. Cane 50 times.

Bursa news! CKP’s CFO cannot hold the lies and dead? CKP gets away on another RM48.6 million cheat from Protasco?

https://klse.i3investor.com/blogs/protascostaffexposed/207998.jsp

CKP has a hand on this Ho?

CKP macam najib GE-14 parade. Show off using nominee buy all the way up before collapse.

30 tahun lokap 10 rotan. Bapak dan anak perompak.

Lokap 30 tahun 10 rotan

Lokap CKP dan anak-anak makan wang Protasco. 30 tahun 10 rotan.

Tipu wang Protasco rm48juta beli tanah sampah CKP sendiri. Ckp kasi gantung saja lah. 30 tahun lokap tidak cukup.

Chong Ket Pen's control of Protasco is disaster. The only truthful report is Hong Leong research. Matter of time PN17.

Why EPF did not sue CKP yet? Cheated by CKP and just let CKP ran away? After the big croc captured, CKP should be anytime now.

Chong ket pen and 1MDB fraud named in school book?
https://klse.i3investor.com/blogs/Protascochongfraud/185066.jsp

This is better. Ckp steal money from protasco to buy protasco.
https://klse.i3investor.com/m/blog/protascocursed/178459.jsp

This one better. Shows chong ket pen stealing money from protasco and buys more protasco shares eventually eat up entire protasco using ill gotten money.
https://klse.i3investor.com/m/blog/protascocursed/178459.jsp

Lol. Chong ket pen said “next year better” since 2014, every year repeat same. There is always another year.

So “buy” again? Chong Ket Pen from Melaka ke? Melacca Securities buy call from RM1.35 until RM0.35, next maybe RM0.035. One of the culprit research report deceived EPF to use our money invested in the crook. Maybe Melacca alsp got deceived.


Daim4u Opps. Go take 6 months accounting class and learn to read proof from within protasco balance sheet.
https://klse.i3investor.com/m/blog/bursacannibal/141944.jsp

You bet can do better decision than EPF boys. EPf being cheated by Chong Ket Pen. You smarter we know. Lol.
20/11/2018 23:20

Daim4u Fundamentally zero. But criminal wise CKP has to keep buying. So buy lor keep average down till zero. Lol
20/11/2018 23:21

CatchCrook here we go. reality coming to chong ket pen.
https://klse.i3investor.com/blogs/chongketpenjudgement/183699.jsp
original report
https://judgement.law.blog/2018/10/29/globalcapital-sue-chongketpen-368million/
26/11/2018 10:08

CatchCrook looks like the chong ket pen fraud movie coming soon. grab your popcorn.
https://klse.i3investor.com/blogs/corporatefraud/161922.jsp
26/11/2018 21:13

nich0las Habis. -ve earnings.
27/11/2018 17:14

caftckp https://klse.i3investor.com/blogs/Croccaptured/184060.jsp

CKP 4 years burnt RM300mil cash and added RM600mil debt. Protasco left RM4mil cash. Wow.
28/11/2018 03:54

Should improve and update this judgement on Chong Ket Pen by adding this fact.
https://asean.law.blog/2018/07/14/protasco-bhd-tey-por-yee-and-ooi-kock-aun-v-chong-ket-pen/

https://judgement.law.blog

Summary judgemeny on chong ket pen procecution

looks like the chong ket pen fraud movie coming soon. grab your popcorn.
https://klse.i3investor.com/blogs/corporatefraud/161922.jsp

your movie outdated.
some reporter did a better job show us all the evidence and proof.
https://klse.i3investor.com/blogs/chongketpenjudgement/183699.jsp

here we go. reality coming to chong ket pen.
https://klse.i3investor.com/blogs/chongketpenjudgement/183699.jsp
original report
https://judgement.law.blog/2018/10/29/globalcapital-sue-chongketpen-368million/

https://klse.i3investor.com/blogs/Financefraud/183001.jsp

Good Job. The Edge smoked out the thief Chong Ket Pen out of Protasco.

LOL. Price drop more than 10 years dividend added up. Heading zero very soon when sheet shoot up the roof.

The moral of the story - Do not let high yield confuse you.

"CKP's" own dividend:

1st Protasco Chong Ket Pen fools everyone. This is his "personal dividend" by taking money from Protasco at your expense.
https://klse.i3investor.com/blogs/truebackground/131967.jsp

2nd, so called Dividend is fake. All added up cannot cover capital loss because Chong Ket Pen fabricate accounts to borrow money and pay dividend (to himself) and corrupted in bribe and crime just to enrich himself. Fools thinking high yield is good but don't know actually empty inside. It's a scam.
https://klse.i3investor.com/blogs/protascocursed/178459.jsp

The Edge actually surfaced Protasco fraud - laundering money through artificial dividend. Good job The Edge.

This is CKP cost to Protasco. RM1.8billion missing or burnt. https://klse.i3investor.com/m/blog/Rescueprotasco/167031.jsp

When is this movie release?

Cannes Firm Festivals’ Palme d'Or du court métrage (Best Short Film)?

https://thefraudmovie.wordpress.com

The Fraud – a Protasco Story (movie)

14 June 2018, Bollywood – TraitorMovie present the preview of action/drama movie “The Fraud”, a production by suspected con artist Chong Ket Pen with fraud story produced in Protasco Bhd, a public listed company in Malaysia, starring Chong Ket Pen, in Collaboration with Ho Chun Fuat, Hadenan, Kenny Chong Ther Nen, Tan Yee Boon, Banker, Lim Yew Ting, and The Foreigner.

The story circles around the prime suspect (Chong) which involved in series of fraud, scam and cons surrounding Protasco Bhd, to defraud Protasco Bhd real controlling share owners Ooi & Tey, and his greed in taking money from Protasco for himself, at all cost, being his true intention.



Trailer Preview: (source: https://youtu.be/57Phdi_J18Y)

http://www.thesundaily.my/news/2018/10/26/major-shareholder-global-capital-indonesia-sues-protasco-managing-director-claims-rm

PETALING JAYA: The feud at Protasco Bhd has taken a new twist as substantial shareholder Global Capital Ltd (GCL) has initiated a civil suit against the group's executive vice-chairman and managing director Datuk Seri Chong Ket Pen for alleged abuse of power.

The suit revolves round the entry of GCL into Protasco in 2012 after the company promised a planned oil and gas foray and a profit guarantee for the next four years. In 2012, Protasco announced that it was buying a 63% stake in PT Anglo Slavic Indonesia (PT ASI) for US$22 million (RM92 million). The deal, however, did not materialise due to non-fulfilment of conditions.

In a statement of claim filed at the High Court in Kuala Lumpur last Friday sighted by SunBiz, the Indonesia-based company is claiming RM368 million from Chong, including loss of investment and future profits for the stake in Protasco; loss of margin to finance the acquisition of shares up to RM75 million; liability of US$55 million (RM228.5 million) to PT Anglo Slavic Utama (PT ASU), as guarantor for Chong pursuant to the investment guarantee agreement; as well as RM65 million as payment for the profit guarantee under the investment guarantee agreement.

To recap, GCL acquired a 27.11% stake in Protasco in November 2012 through its representatives for RM96.52 million or a 33% premium over the market price. The "pricey" deal was done on the assurance of Protasco's planned venture into the oil and gas sector.

Tey Por Yee, who emerged as the largest shareholder of Protasco, was appointed to the board together with three other GCL representatives – Ooi Kok Aun, Tan Yee Boon, Mohamad Farid Mohd Yusof.

"The acquisition of the shares at a huge premium was a risk for the plaintiff, given the performance and financial situation of Protasco. Nevertheless that risk was undertaken, given that the plaintiff was under the impression that their investment was protected by the assurance given by the defendant, inter alia his guarantees and obligations under the investment guarantee agreement," the suit said.

GCL alleged that Chong failed to ensure that Protasco was profitable, with a profit before tax of RM30 million and RM35 million in the third and fourth year under the investment guarantee agreement. A total of RM110 million profit was guaranteed over the four years.

Protasco's earnings have been falling since 2015. For the six months to June 30, 2018, it swung into the red with a net loss of RM3.1 million against a net profit of RM11.2 million in the same period last year, dragged by lower contribution in the property development, education and construction segments.

Tey and Ooi first came under the limelight in 2014 on allegations of criminal breach of trust due to the non-disclosure of interest in a transaction involving RM85 million. However, they were granted a discharge not amounting to an acquittal by the sessions court in September 2017. They were in the news again when Protasco demanded the Attorney-General's Chambers reopen cases against the two.

Tey ceased to be a substantial shareholder of Protasco in March 2016.

In the suit, GCL alleged that Chong entered into business transactions and decisions on operation, remuneration, payments of dividends and salaries for his own benefit at the expense and the best interests of the company.

According to Protasco's latest annual report, Chong raked in RM2.41 million remuneration in 2017. He has been a Protasco director since May 2001 and was appointed as executive vice-chairman and managing director in February 2013. He has a 16.91% direct and a 10.31% indirect stake in the company.

Contracts cream revised or cancelled. Zahid charged, MyEG and Datosonic named.

Small flies compared to Protasco Bribery.

Who will name Protasco next? Charge Chong Ket Pen lor for graft.

https://klse.i3investor.com/m/blog/graftprobemalaysia/178918.jsp

Like this fast self consume 5 cents also may happen

Becareful choke yourself eaten too much. Die itself.


JPMProbe Ckp did so much crime. Some joker keep probing ckp crime, ckp keep panic buying shares. Getting closer and closer to fully exposed.
https://klse.i3investor.com/m/blog/protascocursed/178459.jsp
17/10/2018 17:38

Reporter forgot to mention the culprits who approved CKP fees of RM60-70million in just few years. That is illegal money public shareholders wanted to get back from CKP.

Wait until CKP stolen all cash, then he will use the cash to buy right issue.

He already taken so much cash and use it to buy protasco shares. Polis and Bursa under educated, how to catch the crook they don’t know accounting law like America.

To recap CKP already paying himself, sons, and cronies RM40million salaries from 2014-2018. That is what we can see, what we cannot see is RM200mil missing from protasco account just few years. Enough to buy right issue. Why so scary? You not see snake eating elephant ke?

gxltwsb since the debts is increasing, will right issue after that ?so scary !!
06/10/2018 14:43

Next you know suspended

Stock: [PRTASCO]: PROTASCO BHD
Aug 4, 2018 10:43 AM | Report Abuse
Time to pick up 0.53

Stock: [PRTASCO]: PROTASCO BHD
May 21, 2018 12:19 PM | Report Abuse
Bought 0.625

Expose no use. Capture and Procecute.

Ckp stolen 2.5mil salary and dilideli refuse to pay contractor 2.9mil court order. Lol. Real crook.


exposedfraud https://klse.i3investor.com/blogs/Rescueprotasco/167031.jsp
How to rescue Protasco Bhd RM1.857 billion liabilities, the mini 1MDB under MO1 Chong? This is how PH will probe - PHWatch

hole bigger inside compared to what we saw outside - PH
02/08/2018 02:51

Lol denial after denial. Bought a lot? Everyone saw real news when verified evidence with Bursa numbers. Which line you saw fake ha? Help everyone find it.

Gone case, good luck.

HL also publish fake news ke? Sell and TP 0.47. Next report coming see if 0.36 is correct.
https://klse.i3investor.com/m/blog/hleresearch/158871.jsp

Not only HL. UOB, AmBank, RHB and EPF all dumping. EPF went AGM and voted no for the crooks directors fee. Seriously show their dissapointment. As for dividend, its drinking Protasco blood. Higher dividend pay means dry and die faster. Don’t think Tom Dick Hary can dump 100 and fall any price. Only giant like EPF can do it.

Now sht started shooting up the roof. CKP took rm2.5m fee while recklessly dont pay supplier ends up rm2.96m court ordered to pay and no money to pay! There are rm500m billed and unbilled suppliers all will come after CKP.

Anything fake will be poker face protasco directors who got paid double to shut up on money siphoning, and fakr dividend. Everyone got foolled by “fake dividend” saw the fat cow becomes skinny cow after found out cow is feed on own blood!

Anyone smarter than EPF, HL, AmBank, UOB? Good luck.

Actually protasco chong ket pen took most of the cash. Of cause creditors are angry. See where chong ket pen got his RM2.5mil “salary” from? RM2.96m ordered to pay.

When you know this fake dividend time bomb is Enron in making, anything loos good from outside when looks deep is actually “empty inside”, its spooky.

See Chong hides his salary in annual report? Bursa force him to show himself “naked”. Shame enough he “adjusts down guiltysalary from RM4mil last year to RM2.5mil. Still illegally overpaid. http://klse.i3investor.com/m/blog/refreshcountry/163565.jsp


BN_forever Protasco ordered to pay RM2.96m to subcontractor
http://www.thesundaily.my/news/2018/07/06/protasco-ordered-pay-rm296m-subcontractor
06/07/2018 19:38

DoreneCorKiPet Strange. No money pay 2.96m but can pay dividend. Lol
https://klse.i3investor.com/blogs/Pherabiznews/164356.jsp
07/07/2018 09:42

Wow! monkeys got monkey fans here! Let's give chong ket pen a refresh of memory from public information. Send him and his cronies behind bar.
https://klse.i3investor.com/blogs/corruptionsweep/163937.jsp

Let us give PH a hand. Find where is CKP hiding his money. Najib captured and charged, corruption rat hole protasco is next!
http://klse.i3investor.com/m/blog/corruptionsweep/163937.jsp

Its coming!!! najib captured and charged. 900 UMNO accounts frozen. Cronies next.
http://klse.i3investor.com/m/blog/corruptionsweep/163937.jsp

Its coming!!! After Najib, UMNO 900 accounts, Najib is charged. Now cronies!!
http://klse.i3investor.com/m/blog/corruptionsweep/163937.jsp

OMG! The money pass by who to who? After the few early birds, lets see who rush to sprm to get witness protection next.

Pakatan troops are getting sharper and sharper. Good job!

Lol. Beautiful lady with HIV. Well said mr HIV. Hopeless. Only hungry Calvin takes regardless HIV as long beautiful.

See your capital “depretiation” over time. Consume and deceased in few years time. Unless Calvin “take over” and procecute CKP. Sure everyone will buy.

https://klse.i3investor.com/blogs/refreshcountry/163565.jsp

100% government contract looter protasco bhd chong ket pen is still a civil servant relied 100% feeds on government money. PH shall procecure ckp and put in professionals.
https://klse.i3investor.com/blogs/refreshcountry/163565.jsp

Lol. You are correct. PH taken over Malaysian government. Country is same, the crook is just 1 person.
Protasco is the same. The crook is also 1 person. PH take over and procecute the culprits inside. Under new management maybe got hope. Else gone case. You buy more shares and join PH take over lor. Sure can manage better. Until then, no thanks. Crook still there.

calvintaneng So if PH Govt take over Protasco then?
Pakatan also turn into a crook?
Lol!!!
02/07/2018 10:49