Posted by Doggy > 2016-01-22 10:35 | Report Abuse

Gotcha.

Posted by Doggy > 2016-01-22 10:38 | Report Abuse

Say all you can. Implicate all projects the business advisor did.
Only matter here is:
Chong signed and agreement he did not disclose to his board his interest. If he did an egm would be taken place. Oh forgot egm in moon lost signals with earth. And he signed an sd.

More he spins crook, its crook shouting crook. The subject matter is clearer.

Posted by Doggy > 2016-01-22 10:40 | Report Abuse

When chong circulate his lie to board without informing his personal interest, nobody finds tey or ooi directors. Tey also only be direct after 2 years. So lie within the sentense itself.

Watch out telling lies ends up more lies. Bursa announcement cannot lie!

Posted by alicetey > 2016-01-22 10:40 | Report Abuse

Cry all you want...it is too bad and so sad that your "secret weapon" can't even scracth a mosquito LOL LOL LOL

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

Posted by alicetey > 2016-01-22 10:45 | Report Abuse

Nah, larry and adrian were and are directors in dozens of companies in many jurisdictions. They already know about the fiduciary duty owed by a director to the company he served mumbo jumbo....they just choosed to ignore it.....

Posted by Doggy > 2016-01-22 10:55 | Report Abuse

Talk about insider trading.
Chong ket signed an ageeement and did not disclose to his board his interest. So all share trading from the date he signs are insider trading. That is clear. Plain straight layman language.
Lets disturb chong house. Here
http://klse.i3investor.com/servlets/stk/5070.jsp

Posted by alicetey > 2016-01-22 11:04 | Report Abuse

Yeah yeah LOL LOL

Cry all you want...it is too bad and so sad that your "secret weapon" can't even scracth a mosquito LOL LOL LOL

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

Posted by alicetey > 2016-01-22 11:07 | Report Abuse

I see, still selling the "consultant, brokers, vendors bull shit" 'eh?

Please do answer, which of following party is the consultant, vendor, broker, client etc etc:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

LOL LOL LOL

Posted by Doggy > 2016-01-22 11:07 | Report Abuse

IC? Inhouse Cheating.
Check and mate

Posted by Doggy > 2016-01-22 11:09 | Report Abuse

Clueless after event toilet paper cover up.

Pull back a little to the point of event.
Did chong signed and agreement and disclose to his board his personal interest "back then"? Yes? No?

Posted by alicetey > 2016-01-22 11:12 | Report Abuse

Yea, 5.5....next target point: 4 cents LOL LOL LOL LOL

Posted by Doggy > 2016-01-22 11:48 | Report Abuse

Spin and spin. Cannot answer

Posted by Doggy > 2016-01-22 11:49 | Report Abuse

Spin head and spin tail. Right in middle exact date of event cannot answer.

Posted by Doggy > 2016-01-22 11:49 | Report Abuse

Lololol. Better call chong spin pen.

Posted by Doggy > 2016-01-22 11:52 | Report Abuse

Chong signed an agreement and did not disclose to board his interest. That middle. Did he diclose. If did which egm show his disclosure. Spin and spin. Later secretly setu Inhouse Cheating IC ask entire board to lie. Oh, only chongs nominee directors. "We cover up put the blame". Then spin head spin tail, middle clear clear. Lololol

Posted by Tycoontips > 2016-01-22 11:58 | Report Abuse

More spin more he show his cover up. That is what you are saying?

Posted by alicetey > 2016-01-22 12:14 | Report Abuse

alicetey I see, still selling the "consultant, brokers, vendors bull shit" 'eh?

Please do answer, which of following party is the consultant, vendor, broker, client etc etc:

Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

LOL LOL LOL

Posted by alicetey > 2016-01-22 12:16 | Report Abuse

Yeah yeah LOL LOL

Cry all you want...it is too bad and so sad that your "secret weapon" can't even scracth a mosquito LOL LOL LOL

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

Posted by Doggy > 2016-01-22 12:38 | Report Abuse

Spin spin cover up IC cant undo chong signed an agreement and did not disclose to his board at that time. Say front say back, didnt answer middle.

Posted by alicetey > 2016-01-22 12:39 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/01/22/nexgram-withdraws-iretex-takeover-offer/

Nexgram, the worsf company ever LOL LOL

Posted by monde > 2016-01-22 12:52 | Report Abuse

Actually withdrawing the offer is quite a good news....? Iretex is a losing money company ....and it will also prevent more shares to be issued under Nexgram.. More of a bliss

Posted by CrookLier > 2016-01-22 13:03 | Report Abuse

Yes. People stand front keep business in good shape then resign take personal hit from enemy.
That chong chicken hide behind protasco and use company money kill the victim. Crook

Posted by CrookLier > 2016-01-22 13:10 | Report Abuse

Tpy makes sure all staff and investors are safe, delay the iretex so authority also wont get all the flying letters and harras from chong made up so much stories. Then walk up himself defend himself. Chong what? Chicken with no balls. Bos we hold tight tight. Dont worry. Company with good business. Investors like us know what really happened.

Posted by monde > 2016-01-22 13:55 | Report Abuse

If failed to take over profitable company... then that one is the worst company LOL LOL LOL

Posted by Chongkp > 2016-01-22 14:03 | Report Abuse

Spinner Chong here on protasco. Go his rat house spam him.

Posted by Chongkp > 2016-01-22 14:04 | Report Abuse

I am c2pid

Posted by Chongkp > 2016-01-22 14:08 | Report Abuse

Shoot at spinner.
Did chong signed an agreement and did not disclose to his board his personal interest at that very moment? He sign a sd and ask his crony board secretly set a Incriminate Club IC to put blame on his victims as scapegoat.

Posted by Chongkp > 2016-01-22 14:09 | Report Abuse

He will spin same cover up like in the after math IC. The middle part at event time was skipped.

Posted by alicetey > 2016-01-22 14:38 | Report Abuse

Nah, actually the reason nexgram cancel the acquisition is because it disposal of assets is probed by the sc. if the sc ever get down to it, then they will finds that these companies are merely a shelf company without asset or value just like pt star.

Posted by alicetey > 2016-01-22 14:40 | Report Abuse

Speaking of skipping, somebody skipped these following question LOL LOL LOL

Tey and ooi kept mentioning the existence of vendors, clients, brokers, suppliers, yada yada yada. But who are they?

The party to the transaction are:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

Posted by wwwlee > 2016-01-22 18:12 | Report Abuse

why no drop ?

Posted by alicetey > 2016-01-22 21:18 | Report Abuse

Naturally the "goreng master" would not be able to answer that LOL LOL

Posted by DreamDominator > 2016-01-22 22:32 | Report Abuse

Itu Loktor Wollan mana sutah lali sumbunyi ah ...

Posted by DreamDominator > 2016-01-22 22:32 | Report Abuse

ki ki ki

Posted by alicetey > 2016-01-22 22:55 | Report Abuse

KUALA LUMPUR - Bekas pengarah Syarikat Protasco Bhd mengaku tidak bersalah di Mahkamah Sesyen Ampang, di sini hari ini atas dua pertuduhan iaitu menipu ahli lembaga pengarah membabitkan wang lebih RM68 juta dan membuat perakuan palsu, empat tahun lepas.
Datuk Tey Por Yee, 40, didakwa menipu ahli lembaga pengarah dan pegawai syarikat Protasco Bhd, iaitu dengan sengaja menyembunyikan maklumat bahawa tertuduh mempunyai perkaitan terus dengan sebuah syarikat yang diperbadankan di Indonesia iaitu PT Anglo Slavic Utama.
Ini mendorong mangsa memasuki satu perjanjian pelaburan dalam perniagaan minyak dan gas di Indonesia melalui pembelian 63 peratus saham syarikat PT Anglo Slavic Indonesia yang bernilai USD22 juta (RM68,393,170) dengan PT Anglo Slavic Utama.

Pembayaran pembelian saham tersebut dibuat secara berperingkat ke dalam dua akaun CIMB PT ASU, yang mangsa tidak akan memasuki perjanjian pelaburan tersebut dan membuat pembayaran pembelian saham jika mereka tidak diperdayakan tertuduh.

Dia didakwa melakukan kesalahan itu di pejabat Protasco Bhd, tingkat 2, Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang, di sini antara November 2012 hingga 30 Januari 2014.
Tertuduh didakwa mengikut Seksyen 420 Kanun Keseksaan yang membawa hukuman penjara maksimum 10 tahun, dan dengan sebat dan boleh juga dikenakan denda jika sabit kesalahan.
Bagi pertuduhan kedua, lelaki itu didakwa membuat perakuan palsu kepada Pesuruhjaya Sumpah, Wern Li Morsingh bahawa tertuduh tidak mempunyai kaitan dengan syarikat PT Anglo Slavic Utama, mana-mana pengarahnya, mana-mana pemegang sahamnya, sedangkan pada masa dia membuat perakuan tersebut tertuduh mengetahui dia mempunyai kepentingan dalam syarikat itu.

Dia didakwa melakukan kesalahan itu di bilik mesyuarat syarikat Protasco Bhd, tingkat 2, Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang, di sini pada 25 Julai 2014.
Bagi pertuduhan itu dia didakwa mengikut Seksyen 181 Kanun Keseksaan yang memperuntukkan hukuman penjara maksimum tiga tahun dan boleh juga dikenakan denda.
Timbalan Pendakwa Raya Datin Nurshuhaida Zainal Azahar menawarkan wang jaminan RM5 juta dengan seorang penjamin bagi memastikan tertuduh hadir ke mahkamah untuk prosiding seterusnya.

"Tertuduh mempunyai syarikat di Indonesia dan Hong Kong, kami bimbang wang jaminan yang minimum tidak dapat memastikan kehadiran tertuduh ke mahkamah," katanya.

Tertuduh yang diwakili peguam Datuk K. Kumaraendran dan Mak Lin Kum memohon mahkamah mengurangkan jumlah itu mengambil kira beberapa faktor termasuk tidak ada kebarangkalian untuk tertuduh tidak hadir ke mahkamah kerana tertuduh sendiri menyerah diri di balai polis sebelum ini.

"Tertuduh juga sudah berkahwin dan mempunyai tiga orang anak. Jaminan yang tinggi seolah-olah sudah menghukum tertuduh yang belum didapati bersalah," hujah Kumaraendran sambil menambah tertuduh bersedia menyerahkan pasport kepada mahkamah sekiranya perlu.
Hakim Rushan Lutfi Mohamed membenarkan tertuduh diikat jamin RM1 juta dengan seorang penjamin dan menetapkan syarat tambahan iaitu tertuduh perlu menyerahkan pasport kepada mahkamah dan dilarang mengganggu saksi pendakwaan.

Mahkamah menetapkan 24 Februari untuk sebutan semula kes. - Bernama

Posted by DRwarrant > 2016-01-22 23:37 | Report Abuse

Haii Daeiiii.....I AM BACK again ....NO LALI @ lari but busy with HOT TMS , LUSTER $$$

@@@ SG 999 still under traditional treatment by a Paweng ( sharman) after discharge from Tanjong Rambut Hosp...

## BTW DOW JONE STEAMINGGG 250 points >> PANIC BUY after Thaipussam $$$$$

Posted by sg999 > 2016-01-23 00:41 | Report Abuse

iretex no more liao ! hahaha!

Posted by sg999 > 2016-01-23 00:41 | Report Abuse

all gone! sold all company!!! KOSONG NOW!

Posted by alicetey > 2016-01-23 06:39 | Report Abuse

This is what transpired in the aborted oil and gas deal, in a nutshell.

1. Tey Por Yee was notified by his banker friend of an indonesian tycoon who are planning to sell his shares in PT FAS, an oil and gas company. The price for the shares are idr 6billion.

2. The tycoon then introduced Tey to the other shareholders of the oil and gas company who also looking to sell. His asking price is repayment of his loan in Mayapada Bank in the amount of idr 25billion.

So to control the company, Tey Por Yee must pay idr 31billion, roughly usd 3,1million at the time.

3. As in almost every project involving Tey Por Yee, the cheater pondan Ooi Kock Aun and PT Inovisi Infracom Tbk came along in a package deal.

4. Along the way, Tey was introduced by a banker to Dato Chong Ket Pen, who are looking for buyer for Tun Daim's stakes in Protasco.

5. Tey Por Yee agreed to buy the shares with three conditions:

- He could nominate Adrian Ooi Kock Aun as Protasco's director;
- Dato Chong Ket Pen would loan him USD 20million to finalize the acquisition; and
- Protasco would develop an oil and gas business in Indonesia with Tey and his company.

6. Whether Tey realized it or not, but the deal to co-develop oil and gas business in indonesia has violated his agreement with Herman Koswara and Benny Tjokro that after the acquisition of their companies, they would manage and develop the companies together with Tey Por Yee and Ooi Kock Aun.

7. Trouble arises in the process of acquiring PT Fas because Tey and Ooi still owes IDR 3billion and IDR 20billion to Herman and Benny respectively. Tey and Ooi also attempted to take over the company by force.

8. Because the acquisition is not clear cut as evident by legal actions lodged by the owners of PT FAS against Tey and Ooi then Tey and Ooi could not finalize the transaction with Protasco Berhad. Therefore they keep pending and pending the acquisition.

9. Another trouble arises when Tey and Ooi over zealous attitude in promoting the deal to acquire PT FAS' shares during many board meeting at Protasco leading to it board to suspect that Tey and Ooi have actual interest in the deal. To deflect the suspicion, Tey and Ooi agreed to sign statutory declaration which stated that they don't have any interest in the deal and the deal is made at arm's lenght.

10. Despite that, the board's suspecion did not subsided, so they formed internal committe/IC to investigate the actual owners of PT FAS. All bread crumb led to Tey Por Yee and Ooi Kock Aun.

11. Tey and Ooi's decision to perjured themselves is a stupid one as they should have realized that Protasco is not prohibited from entering a deal with it directors' other companies provided the information of the ownership is disclosed beforehand as evident by the fact that Protasco did entered into agreement with Nexgram, a company that is known owned by Tey and Ooi. So even if they dilvuged the information that they are the owners of PT FAS, it would not in any way resulted in Protasco cancelling the deal. It would only barred Tey and Ooi from getting involved in any decision made by Protasco's board with regard to the deal.

12. Secondly, Tey and Ooi's decision to inflate the price of PT FAS from USD 3,1million to USD 55million is another stupid blunder. If I were Tey or Ooi, I will offer to Protasco the 3,1million's deal with Herman and Benny, then profited as a shareholders of Protasco. Or alternatively, i will increase the price and think it as a finders' fee or marketing's fee but not by that much, maybe inflated to USD 10million.

USD 10million is a lot of money but not quite to pay an acquisition of an existing oil and gas business so Protasco will likely not going to be in alert mode all the time as they would if they pay USD 55million for the deal. With the money, Tey and Ooi could part with usd 3,1million to Herman and Benny and pocketed the rest. This way, they are happy, Herman-Benny are happy and Protasco are happy. Everybody are happy. Unfortunately, Tey and Ooi's greeds got the better of them.

Posted by alicetey > 2016-01-23 06:59 | Report Abuse

If I were Tey and Ooi, this what I would do:

1. I would sign an non-disclosure settlement agreement with Protasco and agreed to return the USD 22million with cost and damage.

2. Since no one in Protasco like me anyway, me being Tey and Ooi, then I will sell all stakes in Protasco and use the money as a payment for the above settlement agreement.

3. I will also do the above with Herman Koswara and Benny Tjokro.

4. After all dust is cleared, I will repent and promise myself to never be a crook ever again.

Posted by alicetey > 2016-01-23 07:03 | Report Abuse

KUALA LUMPUR, Jan 15 — A former director of Protasco Bhd was charged in the Ampang Sessions Court today with fraud involving RM68 million, and making a false declaration, four years ago.

Datuk Tey Por Yee, 40, claimed trial to both charges. On the first charge, he is accused of concealing information from the company’s board of directors and officers that he had a vested interest in a company, PT Anglo Slavic Utama in Indonesia.

In so doing, he allegedly misled the victims into entering into an oil and gas investment agreement with PT Anglo Slavic Utama through the purchase of 63 per cent of PT Anglo Slavic’s shares in Indonesia worth US$22 million (RM68,393,170).

The payment for the shares was allegedly channelled in stages to two CIMB PT ASU accounts.

Tey is accused of committing the offence at Protasco Bhd’s office at Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang here, between November 2012 and January30, 2014.

On the second charge, he allegedly made a sworn false statement before Wern Li Morsingh, a Commissioner of Oaths that he did not have any vested interests in PT Anglo Slavic Utama, whether as a director or shareholder. He is accused of committing the offence in the company’s conference room at the same place on July 25, 2014.


Judge Rushan Lutfi Mohamed set bail at RM1 million with one surety and February24 for re-mention.

Tey was also ordered to surrender his passport to the court and to refrain from harassing the prosecution’s witnesses.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar acted for the prosecution while counsel Datuk K.Kumaraendran and Mak Lin Kum represented the accused. — Bernama

- See more at: http://m.themalaymailonline.com/malaysia/article/ex-company-director-charged-with-rm68m-fraud#sthash.Sx8eknkj.dpuf

Posted by alicetey > 2016-01-23 07:06 | Report Abuse

KUALA LUMPUR, Nov 20 — Public-listed engineering, property and construction company Protasco Bhd has filed an application to cite two of its directors for acting in contempt of court by allegedly interfering with witnesses in a multi-million ringgit lawsuit brought against it.

In a statement today, Protasco accused two of its directors Tey Por Yee and Ooi Kock Aun, as well as their lawyer Gideon Tan, of interfering with a key witness’s evidence in the court case.

Protasco said the star witness and his Indonesian lawyers had already given statutory declarations on the alleged interference, adding that action by the three men amount to “attempts to pervert and/or obstruct the course of justice”.

“On November 18, 2014, Protasco obtained leave of Court to initiate committal proceedings against Tey, Ooi and Gideon Tan, where they must show cause why they should not be fined or committed to imprisonment for contempt of court.

“The High Court has fixed December 8, 2014 as the date for the High Court to hear the committal proceedings,” the company said in a statement.

Protasco had in September mounted a US$27 million (RM90.87 million) lawsuit against an Indonesian company, PT Anglo Slavic Utama (ASU) to recover its money and against Tey and Ooi for alleged conspiracy to defraud, making secret profits, breaching their fiduciary and statutory duties, and hiding their beneficial interests in the latter.


The hearing for the alleged contempt of court case comes ahead of two different extraordinary general meetings (EGM) by Tey and Ooi and the company’s co-founder Datuk Seri Chong Ket Pen next week.

After Protasco’s deal to enter the oil and gas business fell apart in August, the lawsuit was filed and a boardroom battle was sparked between Chong and the two directors — where both sides accused the other of wrongfully making profits.

Chong, who is also Prostasco’s group managing director, has called for an EGM on November 26 to persuade other shareholders to remove Tey and Ooi. Tey has called for an EGM scheduled two days later, where he is expected try to persuade shareholders that his allegations against Chong are true.

Tey had apparently brought a deal to Protasco in 2012 to invest in a working oilfield in Aceh. Protasco agreed to acquire a stake in PT ASU’s PT Anglo Slavic Indonesia (PT ASI), which indirectly owned the oilfield.

The deal was renegotiated in 2014, then terminated by Protasco in August 2014. Protasco then sued Tey and Ooi in September for the return of the US$27 million paid to buy the stake in PT ASI and a shareholders’ advance. It has also made police reports against Tey.

In turn, Tey through his vehicle Kingdom Seekers Ventures Sdn Bhd sued Chong, accusing him of siphoning off RM10 million through a group of “Indonesian/foreign entities” to make an illegal financial gain.

Last week, Chong filed his defence to the suit, denying Tey’s claims. He said he had made a personal loan of RM20 million to Tey, of which RM10 million had been repaid. Chong claimed this RM10 million repayment allegedly still owed by Tey is the illegal financial gain the former was accused of making.

According to Chong, these group of foreign entities have made numerous transactions in shares of listed companies linked to Tey — PN17 company Hytex Integrated Bhd, Wintoni Group Bhd (formerly Winsun Technologies Bhd), Asdion Bhd and Tey’s own flagship Nexgram Holdings Bhd (formerly Nextnation Communication Bhd).

In 1997, when the Asian Financial Crisis struck, Protasco had grown to 600 staff and managed to avoid any retrenchments by making pay cuts across the board. The move left the company in a good position to grab projects when the government began its pump-priming programme to revive the Malaysian economy.

Since it was listed in 2003, Protasco has grown further to 1,800 in staff size, with an unbroken profit record and an average of 8 to 10 sen in dividends paid every year.

The company aims to grow between 15 and 20 per cent in profit every year, and, more ambitiously, to join Bursa Malaysia’s billion ringgit market capitalisation club in five years’ time. Protasco’s market capitalisation is currently RM549 million.

The company’s order book has grown to more than RM700 million since Chong took on a full-time executive role in 2013, from less than RM100 million before.

- See more at: http://m.themalaymailonline.com/malaysia/article/claiming-tampering-with-witness-in-lawsuit-protasco-seeks-to-cite-directors#sthash.Slwk5vxg.dpuf

Posted by DRwarrant > 2016-01-23 07:08 | Report Abuse

AUNTIE ALICE_T >> .....many get bored with your recycle old story ( now history edi )
BULL is BACK >> DOW JONE another 211 + almost 10 % STEAMINGGG OIL
OPPORTUNITIES NOWWWWWWW $$$$$$

## SG999 almost recovered - thanks GOD !

Posted by alicetey > 2016-01-23 07:15 | Report Abuse

KUALA LUMPUR, Nov 28 — Infrastructure developer Protasco Bhd’s managing director Datuk Seri Chong Ket Pen has won a contentious boardroom tussle for control of the company after shareholders voted at an extraordinary general meeting (EGM) today in his favour.

According to Protasco’s announcement on Bursa Malaysia, 89 per cent of company shareholders voted to reject the proposed resolution moved by director Tey Por Yee and Kingdom Seekers Ventures Sdn Bhd to remove Chong as director.

“We thank all the shareholders for this vote of confidence in the company and in the management,” Chong said in an emailed statement to Malay Mail Online.

“We are now focusing on getting back to business, and ensuring we deliver the strong performance that our shareholders have come to expect from us,” he added.

The EGM called by Kingdom Seekers Ventures and Tey today followed another EGM yesterday that saw Tey being sacked from the board of directors after 95 per cent of shareholders backed a resolution for his and Ooi Kock Aun’s removal.

Yesterday’s EGM was held after it was postponed from Wednesday when Tey and Ooi reportedly walked out during the meeting, claiming that the EGM was illegal.


Protasco’s main business operations are in the construction sector and has, to date, a 700 million orderbook. The company was first listed in 2003.

- See more at: http://m.themalaymailonline.com/money/article/chong-wins-battle-for-control-of-protasco-as-tey-por-yee-ousted#sthash.IJabMnRD.dpuf

Posted by alicetey > 2016-01-23 07:16 | Report Abuse

Don't worry... A new story is currently being unfold...you will read it only soon enough LOL LOL LOL...

Posted by monde > 2016-01-23 11:21 | Report Abuse

Looking at the date of the news.. Vomit blood LOL LOL LOL must be old uncle nothing to do at home

Posted by alicetey > 2016-01-23 11:26 | Report Abuse

Tey Por Yee and his magical arms length deal with Protasco
As the countdown to next week’s Protasco EGM continues, here are some interesting points to ponder for shareholders who may want to consider why Tey Por Yee should be kicked out from Protasco’s board.

Actually all those who have dealings with the Tey Por Yee syndicate and also the public at large should take note of this cautionary tale.

Just to go back a little Tey Por Yee had in 2012 brought to the attention of Protasco a deal to invest in an oil and gas venture in Indonesian concern PT Anglo Slavic Indonesia (PT ASI).

As part of the deal some RM50 million was paid upfront, and as collateral shares in a seemingly unrelated Indonesian company PT Inovisi was pledged as collateral to Protasco.

It should be noted that all this while the Protasco board (the innocent members of the board that is) thought they were dealing with Indonesian companies and businessmen.

Tey Por Yee was allegedly arms length away from the deal. His only interest or so he was to lead the board to believe was with Protasco benefiting from the deal.

Now back to the PT Inovisi shares pledged for the deal. These shares were in the name of Acclaim Investments, a company registered in the BVI with a paid up capital of US$100.

It has now emerged that Acclaim Investments was set up in 2009 with just two shareholders. Guess who? Tey Por Yee with 85 shares and his sidekick Ooi Kok Aun with 15 shares.

(As for February 6, 2014 these two men now no longer own any shares in Acclaim. It is now 100 per cent held by one Lim Sue Fern)

Plus the fact that Tey Por Yee and Ooi Kok Aun also own or have beneficial interests in the various companies with interests in the PT Slavic deal one can now see this tangled web that the two men spun to entangle Protasco and ultimately receive US$27 million in a deal which has just fallen apart.

So not bad lah this magician. He has got the US$27 million, Protasco has lost the money and there’s no deal on the table any more.

You can draw your own conclusion as to who got cheated and who was the victim of what can only be called a giant scam.

So who do you think you would vote out of Protasco’s board?

Posted by alicetey > 2016-01-23 11:26 | Report Abuse

Tey Por Yee and his magical arms length deal with Protasco
As the countdown to next week’s Protasco EGM continues, here are some interesting points to ponder for shareholders who may want to consider why Tey Por Yee should be kicked out from Protasco’s board.

Actually all those who have dealings with the Tey Por Yee syndicate and also the public at large should take note of this cautionary tale.

Just to go back a little Tey Por Yee had in 2012 brought to the attention of Protasco a deal to invest in an oil and gas venture in Indonesian concern PT Anglo Slavic Indonesia (PT ASI).

As part of the deal some RM50 million was paid upfront, and as collateral shares in a seemingly unrelated Indonesian company PT Inovisi was pledged as collateral to Protasco.

It should be noted that all this while the Protasco board (the innocent members of the board that is) thought they were dealing with Indonesian companies and businessmen.

Tey Por Yee was allegedly arms length away from the deal. His only interest or so he was to lead the board to believe was with Protasco benefiting from the deal.

Now back to the PT Inovisi shares pledged for the deal. These shares were in the name of Acclaim Investments, a company registered in the BVI with a paid up capital of US$100.

It has now emerged that Acclaim Investments was set up in 2009 with just two shareholders. Guess who? Tey Por Yee with 85 shares and his sidekick Ooi Kok Aun with 15 shares.

(As for February 6, 2014 these two men now no longer own any shares in Acclaim. It is now 100 per cent held by one Lim Sue Fern)

Plus the fact that Tey Por Yee and Ooi Kok Aun also own or have beneficial interests in the various companies with interests in the PT Slavic deal one can now see this tangled web that the two men spun to entangle Protasco and ultimately receive US$27 million in a deal which has just fallen apart.

So not bad lah this magician. He has got the US$27 million, Protasco has lost the money and there’s no deal on the table any more.

You can draw your own conclusion as to who got cheated and who was the victim of what can only be called a giant scam.

So who do you think you would vote out of Protasco’s board?

Posted by DRwarrant > 2016-01-23 15:16 | Report Abuse

Must RUSHHHHHHHHHHHHHHH this AUNTIE Alice_T to Tanjong Rambut for treatment !

Posted by monde > 2016-01-23 16:00 | Report Abuse

This Alice seems like got some psychology issue LOL LOL LOL