Posted by DRwarrant > 2016-03-29 21:25 | Report Abuse

Yesss.....but I think that SG999 hold Nexgram more than me but now this SG999 in hiding at the AMFT PORT , I caught him red handed twice ...at first he wanted to RUNNNNNNNNNNN but after a flyingg kick on his face ,,,,,then OK !!

Posted by TeyPuki > 2016-03-29 21:48 | Report Abuse

Nexgram's founders charged for fraud and perjury.

Nexgram itself probed by the sc over irregular business activities.

http://www.thestar.com.my/business/business-news/2016/01/19/probe-deepens-on-nexgram/

LOL LOL LOL

Posted by TeyPuki > 2016-03-29 21:48 | Report Abuse

Lookie, lookie....ooi kock aun was handcuffed. I have to compliment him. At least he did not hide his face like tey por yee LOL LOL LPL

http://www.hmetro.com.my/node/112179

https://m.youtube.com/watch?v=MFukVxP8Nks

Now, let wait if anyone here could get me picture or video of the chongs and handcuff LOL LOL LOL LOL

Anyone with a half of brain also know tey and ooi's companies are their alter ego mah...are you brain dead or what? LOL LOL LOL

Posted by TeyPuki > 2016-03-29 21:49 | Report Abuse

Larry Tey Por Yee is running away from nexgram, asdion and ire-tex LOL LOL LOL

KUALA LUMPUR: Some 24.81 million shares in Asdion Bhd traded off-market yesterday. This is the second company, linked to businessman Datuk Tey Por Yee, which of late has had a substantial block of shares changed hands off-market at a steep discount.

It appears that Tey is making an exit from the companies that he had invested in for less than three years.

According to Bloomberg data, Asdion saw 24.81 million shares representing a 21.34% stake in the company traded off-market at 27 sen yesterday, a sharp discount of 38.64% over the closing price of 44 sen.

The shares were moved in one block through a direct business transaction, but there is no filing to Bursa Malaysia on the parties involved as at press time.

Coincidentally, Tey is the single-largest shareholder of Asdion, with a 21.34% stake — the same size of the block changing hands off-market.

Tey’s another related company, Ire-tex Corp Bhd, also saw a 22.97% stake in the company traded off-market on Wednesday. He also held the same amount of stake that was traded off-market.

Posted by TeyPuki > 2016-03-29 21:50 | Report Abuse

KUALA LUMPUR: A proposed joint-venture (JV) mixed development project in Sepang involving Nexgram Holdings Bhd and Asdion Bhd has failed to receive the land development order (DO) from the Sepang Municipal Council.

In a filing with Bursa Malaysia, the software developer said following the council’s rejection, the land vendor Hijrah Murni (M) Sdn Bhd had sent to Top Valley Properties Sdn Bhd - which was to be the project’s joint developer with Nexgram Land - a notice terminating the sale and purchase agreement.

“Nevertheless, the company was informed that Top Valley is in the on-going process of re-negotiating terms and timelines for new DO submission,” added Asdion, which plans to diversify into property development via a JV arrangement with Top Valley.

In December 2014 Top Valley signed an off take agreement cum sale and purchase agreement (SPA) with software developer Nexgram Holdings Bhd’ unit Nexgram Land Sdn Bhd whereby they would develop and sell to MyAngkasa Bina Sdn Bhd the entire mixed property development project on 2.154ha. Meanwhile, Top Valley entered into the land SPA with Hijrah Murni.

The project, to be undertaken on a piece of agricultural leasehold Malay reserved land, was to comprise three tower blocks comprising a total of 659 units of serviced apartments and 10 units of commercial/retail shops with a gross development value of RM297.39mil.

Top Valley’s entitlement from the project was estimated to be RM13.4mil, and Asdion was to have a participation right in Top Valley’s entitlement and to share the project benefits (80% share or RM11.9mil).

Bursa Malaysia Securities considered it a related party transaction as Datuk Tey Por Yee was a common major shareholder of both Nexgram and Asdion, and See Poh Yee was a common director of both.

In the latest statement On Monday, Asdion said it was informed that for the purpose of the offtake agreement cum SPA with Nexgram Land and MyAngkasa which was still subsisting, Top Valley was currently exploring all possible viable options, including sourcing for an alternative suitable land and continue negotiating with the land owner for resubmission of the DO.

“The board had discussed the letter in a board meeting held on March 14 and requested the management to provide further information for deliberation before making any decision,” it said.

Posted by diuckpmak > 2016-03-29 21:57 | Report Abuse

Sejak umur 3 kenny chong sudah jilat tahi bapaknya. Yang bapak dia makan wang di mulut, kenny chong ther nen makan tahi di belakang. Bapak dan anak geng jenayah cocok sekali. Umur 12 kenny chong sudah tahu curi makan tahi jirannya. Sampai satu kampung hilang tahi misteri hilang. Bila kenny chong masuk sekolah dia curi jenguk tandas perempuan cari cari tahi. Cikgu dia jadi saksi kenny chong ther nen curi lihat punggung murid perempuan, report polis ada banyal record, jadi dimasuk pusat pemulihan minda cacat.

Bila kenny chong di penjara, bapaknya chong ket pen makan lebih wang dan beri rasuah supaya kenny chong keluar dalam masa 5 tahun. Bila umur 18 kenny chong dimasuk geng jenayah bapaknya, jadi curi tahi seluruh jalan lawan indah water punya kontrak tetapi kalah.

Selepas di latih bapaknya jadi penjenayah kenny di masuk ke protasco untuk curi wang protasco. Properti yang kenny masuk campur semua tahi di makan, sampai papan tandas pun dia telan. Komplain pembeli sudah banyak report polis penipuan jual rumah rosak dan paling penting tahi hilang.

Protasco sudah jadi rosak sebab penjenayah bapak dan anak chong beri rasuah dan makan wang tidak di kawal. Sudah ada polis yang mahu masuk itu kenny sekali lagi，hanya tunggu tahi hilang lagi.

Posted by diuckpmak > 2016-03-29 21:58 | Report Abuse

Forgot. Just to remind. Chong ket pen cheated investors when he induce them to invest and signed an agreement but hide away did not inform protasco board. Chong ket pen later lied further by signing an SD.

Chong ket pen breaches satutory and fiduciary duties.
Chong cheated protasco.
Chong cheated investors.
Chong induced and caused protasco the losses.
Chong cover up by way of flying letters is abuse of public resources.
Chong ket pen and son chong ther nen are set for minimum 30 years each in mental disorder criminal rehabilitation program.

Posted by diuckpmak > 2016-03-29 21:58 | Report Abuse

Kenny chong ther nen wash his father billion dollar bribery in protasco again.

Posted by diuckpmak > 2016-03-29 21:59 | Report Abuse

Kenny the illegal son. here he goes again dug his father billion dollar bribery up from his grave. Lol lol lol
Protasco office. Papa chong ket pen to son kenny chong ther nen:
"I got something to tell you. First you are not my son of origin. You have more siblings outside. Don't ask me why. Second, dad had siphoned billions of dollars and took some of the bribery money. That is how i gets money to buy protasco shares. The masters found out and is after me, the authority is after me. It's true son, our foreign country passport ready is not for fun. Now is time. We have to run to A (Africa). Third, I hide the criminal record with H. He knows nothing but the truth of all those years of records os safe with him. We cannot run away. Put blame and do all crime instigate on the two scapegoat does buy us some time and made them look bad but compared to ours, it's gigantic. When ours shoots up, it's 10 times worst. Never admit the bribery although I did not tell you. They will show you all the records and proofs, just deny. When time comes dad will take all blame. You run away, the money siphoned out there, you run and never come back. Here is the key, the book and list of people you shall contact when sheet shoot to roof. Billion dollars son, we should have taken more, but dad can't. Protasco will goes down when bubble burst. Before that dad is siphoning money to buy all shares whatever cost. Be it 3 ringgit, son. Bad will cheat and rob to get you out. "

Posted by diuckpmak > 2016-03-29 21:59 | Report Abuse

MhdSuhaimi Ini yang syeok

Kalau protasco memang cuci bersih, chong ket pen yang bapak penipuan ini tipu protasco bila sign contract dan tidak beritahu lembaga director protasco.
Chong tipu lagi sign SD dan sumpah palsu.
Chong lagi report palsu beri rasuah untuk tutup lubang besar yang di buat dia sendiri
Chong adalah jenayah bapak sampah masyarakat. Bukti bukti sudah cukup masukkan dia ke penjara.

Posted by diuckpmak > 2016-03-29 22:00 | Report Abuse

Kenny the illegal son. here he goes again dug his father billion dollar bribery up from his grave. Lol lol lol
Protasco office. Papa chong ket pen to son kenny chong ther nen:
"I got something to tell you. First you are not my son of origin. You have more siblings outside. Don't ask me why. Second, dad had siphoned billions of dollars and took some of the bribery money. That is how i gets money to buy protasco shares. The masters found out and is after me, the authority is after me. It's true son, our foreign country passport ready is not for fun. Now is time. We have to run to A (Africa). Third, I hide the criminal record with H. He knows nothing but the truth of all those years of records os safe with him. We cannot run away. Put blame and do all crime instigate on the two scapegoat does buy us some time and made them look bad but compared to ours, it's gigantic. When ours shoots up, it's 10 times worst. Never admit the bribery although I did not tell you. They will show you all the records and proofs, just deny. When time comes dad will take all blame. You run away, the money siphoned out there, you run and never come back. Here is the key, the book and list of people you shall contact when sheet shoot to roof. Billion dollars son, we should have taken more, but dad can't. Protasco will goes down when bubble burst. Before that dad is siphoning money to buy all shares whatever cost. Be it 3 ringgit,

Posted by diuckpmak > 2016-03-29 22:01 | Report Abuse

Angry kenny chong ther nen, wash wash dad criminal bribery in protasco.

Posted by diuckpmak > 2016-03-29 22:01 | Report Abuse

Opps bonus:

Forgot. Just to remind. Chong ket pen cheated investors when he induce them to invest and signed an agreement but hide away did not inform protasco board. Chong ket pen later lied further by signing an SD.

Chong ket pen breaches satutory and fiduciary duties.
Chong cheated protasco.
Chong cheated investors.
Chong induced and caused protasco the losses.
Chong cover up by way of flying letters is abuse of public resources.
Chong ket pen and son chong ther nen are set for minimum 30 years each in mental disorder criminal rehabilitation program.

Posted by diuckpmak > 2016-03-29 22:02 | Report Abuse

Opps. Forgot

Posted by diuckpmak > 2016-03-29 22:03 | Report Abuse

Double bonus:

His father chong ket pen signed a private agreement and did not disclose to protasco board. He brings the deal to protasco, induced and lied to the board. He induced and cheated investors and later lied to SD. Jail he goes.

Posted by ryan7642 > 2016-03-29 22:37 | Report Abuse

Impressive report welldone!!FLY high tml!!!Lets take down Protasco RM1.5 Nexgram!!Revenge via share price i support Uuuuu!!!

Posted by DRwarrant > 2016-03-29 22:58 | Report Abuse

OPPORTUNITIES TO RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN.....$$$$$$

Posted by Ejsaham > 2016-03-29 23:25 | Report Abuse

Share buy back very important...

Posted by kingsaham > 2016-03-30 00:21 | Report Abuse

target tomorrow is 7.5c

Posted by DRwarrant > 2016-03-30 08:21 | Report Abuse

but the pending bursa investigation is far out weight the quarter profit....

Posted by kingsaham > 2016-03-30 08:36 | Report Abuse

7.5c minimum target 4 today..

Posted by market_trader > 2016-03-30 09:14 | Report Abuse

not an impressive quarterly report... without consideration of disposal of subsidiary... it making loss of 3.1mill in this quarter...beware of it

Posted by shannonkoba16 > 2016-03-30 09:32 | Report Abuse

@market_trader : Could you explain? The buy back of shares is 50,000 units @ RM 0.060. How does it cause a loss of 3.1mil?

Posted by market_trader > 2016-03-30 09:39 | Report Abuse

shannonkoba16... go to read the report in bursa... do some study
50k units @ 6 cents... is peanut... only RM3000

Posted by shannonkoba16 > 2016-03-30 09:45 | Report Abuse

oh ok, sorry! just saw the financial report! haha, was looking at the summary

Posted by GMKap > 2016-03-30 09:48 | Report Abuse

New player just chip in some. Finding gems in making. A business overall profit is a profit. HP Computer sell each printer machine at lost and earns profit from cartage, over a profitable company. Property start up lost money first 2 years because of project cost, third year earns profit, still a profitable company.

Posted by rong93 > 2016-03-30 09:50 | Report Abuse

Can anyone please explain the gain on disposal is profit net of cost or purely the proceed from disposal??? Thanks

Posted by market_trader > 2016-03-30 09:51 | Report Abuse

Performance of the current quarter against the preceding quarter
For the current quarter ended 31 January 2016, the Group recorded revenue of
RM25.2 million as compared to RM31.0 million recorded in the previous quarter
ended 31 October 2015. The Group’s revenue decreased by 18.7% mainly due to
lower revenue contribution from subsidiary involves in IT and a subsidiary
involves in dealing with a wide-ranging choice of security and video surveillance
equipments for the period under review.
The Group recorded a profit before taxation of RM24.1 million for the current
quarter ended 31 January 2016 as compared to profit before taxation of RM4.2
million recorded in the previous quarter ended 31 October 2015. The significant
increase in profit before taxation recorded was mainly due to a net effect of the
disposal of subsidiaries which resulted in a gain on disposal of RM27.3 million
during the current period under review. However, for the current quarter, the
group’s ordinary business recorded a loss of RM3.1 million mainly due to lower
revenue from subsidiaries mentioned above.

Posted by GMKap > 2016-03-30 09:56 | Report Abuse

I read also. Means like an 30 years old car cannot use already so on accounting record is zero value, but when sell old car to antique collector, some people sees value and pay a price. Accounting record as "gain", a profit. Long term wise looks good cleaning up lost making company and use the money for profitable business. But need time to proof performance.

Posted by shannonkoba16 > 2016-03-30 09:56 | Report Abuse

market_trader said it. Overall performance is making losses

Posted by ssboy > 2016-03-30 10:04 | Report Abuse

Hahaha....so funny...he can replace puki chong liao.

Posted by kser > 2016-03-30 10:44 | Report Abuse

I already said what market_trader said last night but no one bats an eye. Anyway, it's ur money, ur risk.

Posted by GMKap > 2016-03-30 10:47 | Report Abuse

The management better focus on business not share market. Sitting on property value higher than market capital is crazy. Looks like entire market all plc are competing "discount to asset". Cheap sale.

Posted by market_trader > 2016-03-30 10:48 | Report Abuse

kser... agreed... take own risk...
NG will get clear weather after the special audit completed on its current asset....
some ppls really din read....

Posted by ssboy > 2016-03-30 11:24 | Report Abuse

Kser,go tkcare your xdl,xox...here nt suitable for u...stop talk nonsense.

Posted by ssboy > 2016-03-30 11:26 | Report Abuse

Market trader..i heard that u r one of the dog uncle chong puki.

Posted by market_trader > 2016-03-30 11:32 | Report Abuse

some ppls don know how to read... really like a dog bucking...sad of u, ssboy

Posted by ejsaham > 2016-03-30 11:49 | Report Abuse

wow...market expert came here...actually "he" want to buy...but wait until price opening then decide not to buy because heart say so...then he think so expert because market follow what he thought....wow than wow..........

Posted by Jacatez > 2016-03-30 11:53 | Report Abuse

Kikiki....else you think people so free meh.

Posted by Reverse_Trader > 2016-03-30 11:54 | Report Abuse

Many expert here. Buy and invest. It's bear market that is why got so many cheap companies. Eventually nobody cares. Buy low sell high is the only rule. When so low below even property asset still got people talk nonsense. Investors don't see a point of the old owners personal enemy black mail. That's all the nonsense report about and nobody cares as nothing lost, instead, everyone happy because bad business sold, fresh business reborn. Eventually report may find undervalue property, turns out better than expected. Thumbs up. This is time to buy. Warren buffet said greedy when everyone panic, sell when everyone rush in.

Posted by ejsaham > 2016-03-30 11:54 | Report Abuse

dia sangat free la tu Jacatez...hihi

Posted by Jacatez > 2016-03-30 11:56 | Report Abuse

Memang ada tujuan ma...ejsaham. Ribuan kaunter kat KLSE, mengapa datang Nexgram pulak.

Posted by TeyPuki > 2016-03-30 11:57 | Report Abuse

Let's recap shall we:

- the owners of pt haseba are herman koswara and benny tjokro. Both signed agreements with tey por yee and the transaction were secured with inovisi's shares where ooi kock aun sits as finance director and actually is inovisi's ultimate shareholders.

- pt asu and pt asi are the owners of pt haseba. The director and commisioner of pt asu and pt asi, i.e. Tjoe Yudhis, Dedi Francis and Edward Farolan are nominees of tey and ooi.

- the transaction between protasco and pt asu to buy pt asi's stakes in pt fas was secured with inovisi's shares. The shares were deposited to acclaim, a company established by tey and ooi, and on paper is run by Seh Poh Yee's wife.

- the website of pt asu is registered under a company which shares the same address as nexgram. Which company is a subsidiary of inovisi.

- tey and ooi have the power over pt gold child, pt nusantara rising rich, fast global, pt asu as evident from the fact that they are able to move around the money paid from protasco to pt asu and gold child which ended up in rs mahaniaga, dato chong's company as a repayment for the loan provided by dato chong so tey and ooi could finalize the deal to buy stakes in protasco.

Everything linked up to tey and ooi LOL LOL LOL

Posted by TeyPuki > 2016-03-30 11:58 | Report Abuse

At age seven, tey por hee was already showing signs of what he was destined to be: a thief and a liar. Ten sen, twenty sen, fifty sen…all would disappear “mysteriously” from his families drawers, savings and piggy banks. Later, bigger sums would go missing, from his father’s wallet to his mother’s purse. Tey would be placed at the scene of the crime but he always had an excuse or story to wriggle his way out of the situation.

For a while his parents believed him. Until he got caught red-handed one day. Then, his father had no choice but to punish him. If we hoped that would beat some sense and decency into him, we were sadly mistaken.

He took his bad habits with him to school. Already skilled at telling lies and manipulating people, he began cheating his classmates. The sums ranged from a few ringgit to hundreds of ringgit. The figures may seem small to some, but for a young schoolboy, the sum is enormous. As usual, his long-suffering father had to clear his debts and try to redress the damage done to his victims.

At age sixteen, Tey por yee had to audacity to go to his uncle’s house to borrow money. He said he needed RM2,000.00 because his father was sick and desperately needed the money for an operation. Believing his lies totally, the uncle gave it to him. His family never lived down the humiliation when the truth came out.

Since young, he has always been obsessed with money. Even when he had a lot of it, it was never enough. He wanted more and more. Never mind if it was obtained in a deceitful manner, just as long as he got what he wanted. It only goes to show that he is not only a pathological liar, but a pathological thief as well. With hundreds of millions already stashed away in private bank accounts, more than he can ever spend in ten lifetimes, he still remains greedy for more. So greedy that he is willing to lie, cheat and steal to achieve his end.

Posted by TeyPuki > 2016-03-30 11:59 | Report Abuse

Lookie, lookie....ooi kock aun was handcuffed. I have to compliment him. At least he did not hide his face like tey por yee LOL LOL LPL

http://www.hmetro.com.my/node/112179

https://m.youtube.com/watch?v=MFukVxP8Nks

Now, let wait if anyone here could get me picture or video of the chongs and handcuff LOL LOL LOL LOL

Anyone with a half of brain also know tey and ooi's companies are their alter ego mah...are you brain dead or what? LOL LOL LOL

Posted by ejsaham > 2016-03-30 12:00 | Report Abuse

mahu beli tapi malu2...........hihi

Posted by TeyPuki > 2016-03-30 12:00 | Report Abuse

Investigations to proceed despite the company withdrawing Ire-Tex offer

ALTHOUGH the takeover offer Nexgram Holdings Bhd made on Ire-Tex Corp Bhd is now off the table, it has not stopped regulators from pursuing their investigations on the former’s past dealings.

On Thursday, Nexgram turned things around by announcing its intention to withdraw its takeover offer on one-stop packaging service provider Ire-Tex. This came a day after it said it would take steps to bring in a special auditor to determine the veracity of some of its assets.

Yesterday, Nexgram also announced that its due diligence committee had taken heed of concerns made by regulators and followed up with a visit to Indonesia, where some of the questionable transactions are said to have transpired.

“The Nexgram board had formed the view that such observations appear to potentially point to inconsistencies with regards to details of certain assets with the Nexgram group,” the statement said.

Following this, Nexgram said it had formed a special committee comprising of four directors of which two are independent, to take necessary steps to address the matter, which include the appointment of a special auditor.

Still, if any evidence suggests Nexgram has not carried out its responsibilities towards shareholders, the company could face sanctions from the regulators, and depending on the severity, it could face criminal prosecutions, insiders say.

The Nexgram saga started after it launched a takeover offer on Ire-Tex last November, which was to be satisfied through issuance of new Nexgram shares.

According to its website, Nexgram says it is a multinational conglomerate involved in the telco, security and surveillance, software development, property development, industries, business advisories and investment activities sectors.

Its rationale to take over Ire-Tex was so it could continue its diversification by tapping into manufacturing and industrial segments.

StarBizWeek earlier reported that regulators had concerns over the takeover due to the veracity of certain assets in Nexgram.

However, it had insufficient grounds to disrupt the offer and continued to follow up on its leads.

Following this, Nexgram posted its offer document on Dec 11, 2015.

It is understood that both the Securities Commission and Bursa Malaysia met with the advisors and a representative of Nexgram’s board to request the verification of certain alleged bank balances by an independent accountant.

However, soon after, through Jan 11 and Jan 12, Nexgram announced that it had earlier entered into agreements to dispose of some of its subsidiaries, which according to the SC, were the subject of enquiry.

At the same time, Nexgram made some more changes in the company.

On Jan 14, the company announced that its co-founder Datuk Tey Por Yee (pic) had resigned as executive director to “pursue his personal interest and goals”.

Since his resignation, Nexgram has six directors left sitting on its board.

Interestingly, Tey has not sold off his stake in Nexgram. According to Bursa filings, Tey’s stake stands at 23.4%.

This led to the SC choosing to invoke its powers under the Capital Markets Securities Act (CMSA) under Section 217 to issue a public statement on its concerns relating to those assets, a first for the SC.

This course of action is seen as a rarity even in other countries, says a source.

The SC had issued the public statement on Jan 15, stating that Nexgram’s disposal of certain assets “delays and obstructs the ongoing enquiries by the SC and Bursa Malaysia”.

Since Nexgram was seen as being “uncooperative” in bringing in a special auditor to independently verify the value of its assets, Bursa had all this while held back on the greenlight for Nexgram’s circular to its shareholders related to the Ire-Tex deal.

This meant that Nexgram had not been able to call for an EGM to vote on the takeover proposal, which in turn could have led to the offer lapsing.

On Jan 11 and Jan 12, Nexgram announced that it had earlier entered into agreements to dispose of its subsidiaries – Nexgram Resources Sdn Bhd, Godynamic Investments Ltd and PT Semesta Tirta Antara Raya (through Godynamic) – which are believed to be the subject of the regulators’ enquiries.

Although it is not too clear which assets showed some red flags, it is worth taking a look at Nexgram’s balance sheet.

In its financial statements for the year ended April 30, 2014, the company had RM84.5mil in cash balances. However in the following year, a majority of that cash seemed to be reflected in as inventories. Its inventories moved from zero to RM89.8mil in the following financial year while its cash balances fell to RM31.1mil.

Sources say enquiries by the regulators are focused on the paper and cash trail of how those inventories were built up.

Posted by TeyPuki > 2016-03-30 12:01 | Report Abuse

Bonus round.

24 Oct 2012 Larry Tey Por Yee via Global Cap Venture signed Term Sheet with Herman Koswara, the controlling shareholders of PT Fas. The purpose of the term sheet is to acquire project kuala simpang timur oil field. It is agreed that Larry will purchase Herman's shares priced at IDR 6billion (Larry has only paid IDR 3billion).

1 November 2012 Larry Tey Por Yee and Benny Tjokro agreed on how to move forward with handling over Benny's shares at PT Fas, i.e. Tey Por Yee paid the operational costs of PT Haseba as of the date of the agreement and Larry Tey Por Yee take over Benny's debt at Mayapada Bank in the amount or IDR 23 Billion (both conditions are not fulfilled). However in the said date Larry already received the shares of PT Fas belonged to Benny Tjokro. Tey put the shares in PT Asi.

28 December 2012: Larry Tey Por Yee sold his shares to Protasco Berhad in the amount of USD 55million without notifying Herman and Benny.

21 May 2013 Larry Tey Por Yee sent a forged invitation for egms of PT Haseba which will be held at the office of Djamkk Asmur, the public notary in Aceh.

14 August 2013: to pay his debt to Benny, Larry wired in IDR 5billion and put Inovisi's shares as a guarantee. Few month later when Larry is in default; Benny attempted to execute the block of Inovisi's shares and finds that the value has dropped to a meager 10% of its initial value.

23 August 2013 Larry Tey Por Yee changed the directors and commisioners of PT Haseba based on the illegal egms.

24 February 2014 Herman Koswara and Benny Tjokro lodged police report against Larry Tey Por Yee alleging that he forged Herman and Benny's signature and defrauded them.

1 April 2014 Benny Tjokro through it vehicle PT Dayasakti Putradharma filed lawsuit against PT Anglo Slavic Indonesia at south jakarta district court.

25 April 2014 Koperasi Sejahtera Bersama filed lawsuit against PT Green Pine, Jerry Djajasaputra, PT Equator Securities and PT Inovisi Infracom Tbk arguing that it had invested IDR 125billion in PT Inovisi which was guaranteed by a block of Inovisi's shares. But it had not seen any profit and when they attempted to cash in on the shares, it shares dropped significantly.

11 December 2014 Benny Tjokro and Larry Tey signed settlement agreement in which Larry agreed to pay IDR 18billion, at the latest 28 January 2015. Up to this day Larry failed to honor this settlement agreement.

8 July 2015 The court ruled in favour of Koperasi Sejahtera Bersama and order Inovisi to pay IDR 200billion.

15 July 2015 Indonesian police raided the office of PT Inovisi Infracom Tbk.

December 2015 PT Inovisi Infracom Tbk closed down it business without prior notice to the investors and employees after failing to pay rent and utilities to Patra Jasa's building management. It management went hiding.

LOL LOL LOL LOL

Posted by Jacatez > 2016-03-30 12:01 | Report Abuse

Bosannya anak si celaka tu.....x habis-habis ulang....pgi tidur baik,

Posted by TeyPuki > 2016-03-30 12:01 | Report Abuse

Tey Por Yee and Ooi Kock Aun were also notorious for not paying their rentals, to the point that their landlords had to threaten legal action and resort to cutting off the utilities to get what was owed to them.

Worse off were their suppliers, of whom many had to suffer the bitterness of bankruptcy because tey and ooi refused to pay them their dues. Tragically, one of them even committed suicide because of bad debts, courtesy of Dato’ Tey Por Yee and Dato' Ooi Kock Aun.

This was not the only blood on his hands. He used a friend, Dedi Francis from Indonesia, to stand as a nominee for Tey and Ooi. When the loyal Dedi pressed for payment on company debts to incurred by Tey and Ooi's manipulative schemes, he was given the runaround. Time finally ran out for Dedi. Desperate, with his back to the wall and creditors all around him, Dedi almost took his own life but was able to be brought to hospital by his family on time.