27 August, 2010

Sime to demerger and relist ?

Watch out guys..!!!
1. What most of people thought during early days of merger between Sime, Guthrie and Golden Hope back in 2005/06 will be materialize soon within months or as early as Jan 2011 to see the biggest pure plantation-listed company rebirth in Malaysia soil.

2. That shall be done at that 2006 itself, not after losing grips and lost control lately  but now it need demerger to purify all the businesses so that more accountability take place. Small world laaa..

3. Just wait and see the others will follows....

read more >> sime to demerger 
                                 sime to list 6 entity
                                no skeleton in sime's closet

11 August, 2010

Kutu Pintar aka Wang Pos Under Probe...

Probe on tontine scams

KUALA LUMPUR: Four companies cheated about 200,000 people of some RM100mil in tontine schemes. The Companies Commission of Malaysia (SSM) was investigating the four companies, said Domestic Trade, Cooperative and Consu­me­rism Minister Datuk Seri Ismail Sabri Yaakob.

“Three directors of a company have been charged with cheating 80,000 people of RM22.4mil since last year,” said Ismail Sabri after meeting with the task force committee fighting white collar crime at the SSM headquarters in KL Sentral here yesterday. He added that the ministry was also investigating three other companies operating in the northern states and believed to have cheated 120,000 people. The minister said the companies claimed that they practised Taawon scheme (helping one another in Arab) and smart kootu scheme, both of which are illegal.

The task force committee was established on March 9 and included representatives from Bank Negara, the Securities Commission and Bursa Malaysia. Ismail Sabri said SSM would also look into using the Anti-Money Laundering Act 2001 (Amla) to further exercise the law on such culprits. We found owners of such companies escaped overseas after making their profit, and they are known to have made purchases of properties and luxury cars. “With Amla, we will be able to freeze their accounts and assets,” he added.


source >> the star.

07 August, 2010

Another Scam Reveals...!!!!

Two engineers fleeced in dispenser scam
TheStar, Saturday August 7, 2010

JOHOR BARU: Lured by high returns, two engineers applied for nine credit cards between them and invested a total of RM42,000 in a get-rich-quick scheme – only to find that they had been fleeced.

K. Thorajoo, 32, and Lee Poh Kheong, 39, who were lured by the attractive profit figures presented by a water dispenser company even used up all their life savings. Lee, coaxed into signing a contract at the company’s office in Taman Molek at the end of last year, said he was so convinced about the tempting offer that he persuaded Thorajoo to invest in it also. “The company promised us a lucrative profit of at least RM1,000 per month, but all we earned was RM200 per month.

“After a few months, I sensed something was amiss so I called the sales representative about my money and he even scolded me for being unreasonable,” Lee said, adding that he later found the office had ceased operations two months ago. Thorajoo, a father of one, said he did not even receive the water dispensing machine after paying such a hefty amount. He said their contract required them to pay the company RM1,400 monthly for the rental of the machine, but he stopped paying after three months when he did not receive the keys to his machine.

“I am now in debt for about RM15,000 and I hope the banks will be lenient and understand our situation,” Thorajoo told reporters during a press conference organised by Johor Baru MCA public complaints bureau deputy chief Michael Tay here.  Tay urged the public not to be so gullible as to sign up for such schemes. Seri Alam OCPD Supt Roslan Zainuddin, confirmed both men had lodged reports and requested anyone with information to call the police hotline on 07-2212999 or the nearest police station.

03 August, 2010

Crime Prevention Tips

CRIME PREVENTION TIPS ON DAILY CHORES...
 In an emergency situation... 

This is for you, and for you to share with your wife, your children, everyone you know. After reading these 9 crucial tips, forward them to someone you care about. It never hurts to be careful in this crazy world we live in.

1
.Tip from Tae Kwon Do : 
The elbow is the strongest point  on your body. If you are close enough to use it, do! 

2.
If a robber asks for your wallet and/or purse,  DO NOT HAND IT TO HIM ..
Toss it away from you...... chances are that he is more interested in your wallet and/or purse than you, and he will go for the wallet/purse. RUN LIKE MAD IN THE OTHER DIRECTION! 
3.If you are ever thrown into the trunk of a car, kick out the back tail lights and stick your arm out the hole and start waving like crazy. The driver won't see you, but everybody else will. This has saved lives.

4.
 Women have a tendency to get into their cars after shopping, eating, working, etc., and just sit (doing their checkbook, or making a list, etc. DON'T DO THIS!)
The predator will be watching you, and this is the pe rfect opportunity for him to get in on the passenger side, put a gun to your head, and tell you where to go.
AS SOON AS YOU GET INTO YOUR CAR , LOCK THE DOORS AND LEAVE..

If someone
is in the car with a gun to your head DO NOT DRIVE OFF, repeat:
DO NOT DRIVE OFF! Instead gun the engine and speed into anything, wrecking the car. Your Air Bag will save you. If the person is in the back seat they will get the worst of it . As soon as the car crashes bail out and run. It is better than having them find your body  in a remote location.

5
 .A few notes about getting into your car in a parking lot, or parking garage:
     A.)Be aware: look around you, look into your car, at the passenger side floor ,
and in the back seat 
     B.)If you are parked next to a big van, enter your car from the passenger door . Most serial killers attack their victims by pulling them into their vans while the women are attempting to get into their cars. 
    C.)Look at the car parked on the driver's side of your vehicle, and the passenger side... If a male is sitting alone in the seat nearest your car, you may want to walk back into the mall, or work, and get a guard/policeman to walk you back out. IT IS ALWAYS BETTER TO BE SAFE THAN SORRY. (And better paranoid than dead.)

6.
 ALWAYS take the elevator instead of the stairs... (Stairw ells are horrible places to be alone and the perfect crime spot. This is especially true at NIGHT!)

7.
 If the predator has a gun and you are not under his control, ALWAYS RUN!
T 4 in 100 times; And even then, it most likely WILL NOT be a vital organ. 
RUN, Preferably in a zig -zag pattern! 

8.
 As women, we are always trying to be sympathetic: STOP!!! It may get you killed. Ted Bundy, the serial killer,was a good-looking, well educated man, who ALWAYS played on the sympathies of unsuspecting women. He walked with a cane, or a limp, and often asked 'for help' into his vehicle or with his vehicle, which is when he abducted his next victim.

9.Another Safety Point: Someone just told me that her friend heard a crying baby on her porch the night before last, and she called the police because it was late and she thought it was weird. The police told her 'Whatever you do, DO NOT open the door.' 
 
The lady then said thatit sounded like the baby had crawled near a window, and she was worried that it would crawl to the street and get run over. The policeman said, 'We already have a unit on the way, whatever you do, DO NOT open the door.' 
 
He told her that they think a serial killer has a baby's cry recorded and uses it to coax  women out of their homes thinking that someone dropped off a baby. He said they have not verified it, but have had several calls by women saying that they hear baby's cries outside their doors when they're home alone at night.  

Please pass this on and DO NOTopen the door for a crying baby ----
Thise-mail should probablybe taken seriously because the Crying Baby theory was mentioned on  America's Most Wanted this past Saturday when they profiled the serial killer in Louisiana!!


I'd like you
 
to forward this to all the women you know. It may save a life. A candle is not dimmed by lighting another candle. I was going to send this to the ladies only, but guys,if you love your mothers,wives, sisters, daughters, etc., you may want to pass it onto them, as well. 

Send this to any woman you knowthat may needto be reminded that the world we live in
 
has a lot of crazies in it
and it's better to be safe than sorry..


01 August, 2010

Get-rich-quick firm raided

Get-rich-quick firm raided
Saturday July 31, 2010

KUALA LUMPUR: A man in his 40s, believed to be the general manager of a get-rich-quick company, was nabbed at its headquarters here yesterday. The police also seized several documents believed to contain details of the scheme.

The raid at the company’s office in Tengkat Tong Shin followed a raid at premises in Sunway Mentari in Petaling Jaya on Tuesday. Commercial crime investigation department assistant director (operations/intelligence) Asst Comm Rohaimi Md Isa said the man had been running the business on an expired licence. Meanwhile, the police have released 43 of the 59 people arrested on Tuesday night. ACP Rohaimi said they were released as police had finished recording their statements. The remand order for the remaining 16 have been extended to Monday to facilitate police in their investigation.

Read More >> http://thestar.com.my/news/story.asp?file=/2010/7/31/nation/6772140&sec=nation

US bank failures total 108 after 5 shut on Friday 

July 31, 2010

WASHINGTON, July 31 — US bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly traded. Bank failures are expected to peak this quarter, with the industry slowly recovering from large portfolios of bad loans, many tied to commercial real estate.

The banks seized yesterday were LibertyBank of Eugene, Oregon; The Cowlitz Bank of Longview, Washington; Coastal Community Bank of Panama City Beach, Florida; Northwest Bank & Trust of Acworth, Georgia; and Bayside Savings Bank of Port Saint Joe, Florida, according to the Federal Deposit Insurance Corp. The five banks would cost the agency’s deposit insurance fund about US$335 million (RM1.07  billion), the FDIC said. The biggest bank failure of the crisis was Washington Mutual, which had US$307 billion in assets when it was seized in September 2008.
 Read More > http://www.themalaysianinsider.com/business/article/us-bank-failures-total-108-after-5-shut-on-friday/  

Report: Investor Li Lu could be successor to Buffett

Saturday July 31, 2010

NEW YORK: Li Lu, a Chinese American investor and hedge fund manager, could be in line to take a top investment role at Warren Buffett’s Berkshire Hathaway and even succeed the legendary US investor, the Wall Street Journal reported on Thursday.

In an interview with the newspaper, Berkshire’s vice chairman Charlie Munger said he felt it was “a foregone conclusion” that Li, a hedge fund manager who largely invests in Asian technology stocks, would become one of Berkshire Hathaway’s top investment officials. The Journal reported that Li, 44, is in line to become a successor to Buffett, 79. Buffett, who has built an estimated US$47bil fortune running the Omaha, Nebraska-based company, does not have any current plans to step down, but speculation about his eventual successor has increased in the past few years. Berkshire operates about 80 businesses and has tens of billions of dollars invested in US companies.
Read More > http://biz.thestar.com.my/news/story.asp?file=/2010/7/31/business/6768590&sec=business