Chinese People Must Read Shit Storm Enveloping Penang The Dumb Party Has To Really Take Stock

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 Indeed that Dumb @$$ Party really has to stake stock.
Yesterday was a terrible day for democracy in this country. The Court has basically ruled that a young man has been framed. And looking at the people who he is up against - who are still strutting around gay as a lark - it spells the death of democracy. 
If we were more civilized the gomen should have resigned by now. If we were more civilized the Dumb @$$ Party should have pulled out of the gomen. But we are not as civilized as YOU thought. Plus there are too many moolas involved. Maybe more than 100 BILLION moolas. Do read on.But first here is more writing on the wall. During Sodomy 2 in 2008, the Red Bean Army came out in full force to throw accusations of conspiracy. During Sodomy 2 hundreds of reformasi nutters came to the Court and taunted and yelled at the young man involved in the case. They had reformasi women scream  filthy words at the young man. 
I believe at that time one of reformasi's strongest supporters was good old Chegubard himself. Chegubard was kicked out circa 2014 or 2016.
But in 2025 where is the Red Bean Army? There were absolutely no reformasi supporters at the court yesterday. NONE. ZERO.  Almost all the reformasi supporters have left. Chegubard is leading the charge against reformasi. If the general elections were held today I think all reformasi candidates will lose their deposits.And the Dumb @$$ Party is also going to get kicked into the tong sampah. I have a question for the Dumb @$$ Party. Which safe seat can you find for the fellow?  Because the way things are going, the fellow will lose his deposit. You may have to find a safe seat for him at Silom Soi 4 in Bangkok. (You can Google it).
imagine the embarrassment you will have to suffer if your hero were to lose his deposit. I think that is going to happen. 
Hello Dumb @$$ Party, tell your hero - the smart thing to do would be to expedite the Court case - and not to delay it. Because time is not on your side. Imagine dragging the  case until the elections are here again. With all its filthy details. It will cost you the entire elections. When this latest e'x'capade started  guess who was the DPM? The wife. So you cannot play that 'political conspiracy' rubbish any more.  No one will believe you. 
The smart thing to do is to expedite the case, accept whatever ruling of the court, deal with it (pay the damages) and then move on. It will give you more time to prepare for the elections. 
It is NOT a criminal case. No risk of going to jail again. No need to seek asylum at the Turkish Embassy. They may not serve Turkish Delights anymore. 
What will happen to the coalition?  Forget about the coalition. The Dumb @$$ Party must really start to think about the Day After. For over 50 years you have been telling the Chinese people how you are the champions, how you will fight for democracy and all kinds of other bullshit promises. 
Now you are in power. And you are screwing it up. 
Then there is this news. 
 


https://www.channelnewsasia.com/asia/malaysia-china-crackdown-mbi-scam-money-laundering-tedy-teow-wooi-huat-5171136

He added that a recent wave of arrests made by Malaysian authorities was based on information provided by the alleged mastermind of the Ponzi scheme, who is being detained in China.

Speaking to other senior officials in Malaysia and other sources in Penang, CNA has also found that the crackdown has rattled the political and business establishments of the northern state, one of the country’s most industrialised states
Here is more news about the same from the South China Morning Post: 
https://www.scmp.com/week-asia/people/article/3314016/us900-million-seized-china-helps-malaysia-dismantle-tedy-teows-scam-empire


 
Tedy Teow being extradited to China on August 20, last year. Photo: Ministry of Public Security.

Chinese and Malaysian police have seized over 3.8 billion ringgit (US$900 million) of assets – including yachts and property – from a syndicate alleged to have duped millions of people throughout the Asia-Pacific with promises of high-return investments.
The Ponzi scheme, which operated mainly in Penang state, is believed to be linked to the MBI Group, started by Malaysian Tedy Teow Wooi Huat, who was extradited to China last year after hiding in Thailand.

Seventeen people were arrested last month under Ops Northern Star. One of them was a major property developer who allegedly helped launder money for MBI through a web of businesses.
There is some related   news here 




 


Doesn't this sound familiar?   Jho Low 2 ? 'police have seized over 3.8 billion ringgit (US$900 million) of assets – including yachts and property' ??

Penang people are already saying that this Penang Ponzi Scam may be larger than 1MDB. 100 BILLION or more has been mentioned. But dont know Ringgit or US Dollars. Either way it is bigger than 1MDB. 
This Penang Ponzi Scam involved scamming mostly Chinese people in China. How many Chinese in China? Maybe TWO MILLION CHINESE or more. (So if you ask me again I will stick to 100 BILLION US Dollars, which is almost RM450 BILLION. This will be the 'maarder of the maarder of the maarder of all scams' in the history of the world).
They cheated TWO MILLION Chinese people of hundreds of billions of Ringgit and used the money to buy apartments, houses, build condominiums in Penang, buy yachts etc. But it was too much money to buy apartments. There are not enough apartments in Penang to be bought with so many hundreds of billions of Ringgit. So they stashed some of the money in cash deposits in Hong Kong, Macao etc.
 
Talk is China's President Xi Xinping's recent visit also raised this issue.  The Chinese are going to arrest more people. And they may issue warrants of arrest for more people - including more people in Penang.
 
And dont forget - in China the punishment for corruption, money laundering etc is usually death. 
There has been some coverage of this Penang Ponzi Scam in the local Press. It goes back to some well known characters and corporate players. The local Chinese press has been analysing this scam in depth for some time.
But after the visit of China's president Xi Xinping and the "extradition" of the Penang mastermind from Thailand to China (where you can rest assured he is spilling the beans, and will probably be sentenced to the afterlife) it looks like this Penang Ponzi Scam will become even bigger news.
This is an extremely large shithole that is opening up in Penang. This is right in the backyard of the Dumb @$$ Party. Who knows where it will all lead to? Chamber of Commerce people have been mentioned. (Not Dayak Chamber ok). Tokong may also be implicated Mark my words - Penang is a very small place. With so much money involved many more people are bound to have some dog shit sticking to their feet.
The Dumb @$$ Party better take stock. 
Two years left for the GE and it looks like there is a shit storm coming. 
The views expressed are those of the writer and do not necessarily reflect those of MMKtT.By Syed Akbar Ali 

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