Sultan S Business Partner Mixing In Wrong Company

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From left: Inix's Vice Chairman, Dato Tan Choon Hwa, ex-Chairman Wan Kuok Koi,
and Executive Director, Lee Han Keat    
In the midst of the endless political saga, it was quite a relief to hear the report former Inspector General of Police, Tan Sri Fuzi Harun quit his Chairman in public listed Inix Technologies Holdings Berhad on December 7 without much fuzz.
Lost in the Perak MB change and short hype by Tun Dr Mahathir and Tengku Razaleigh to railroad the budget, the issue was only relook for the latest development yesterday. 
Equally shocking, Fuzi is being replaced by the best friend and business partner to the Sultan of Selangor, Tan Sri Syed Mohd Yusof Syed Nasir. And, he is non-chalant in promoting Inix's new venture to in a glove distribution company. 
It was initially disturbing to be alerted by corporate people of Fuzi replacing the company former Chairman, Wong Kuok Koi, who resigned on December 2nd recently. Now Syed Yusof or Jojo as he is commonly referred to jumped into the hot position.  
To the unfamiliar, Wan is the former head of the Macau triad 13k whose criminal empire span over Hong Kong, Macau, Taiwan and even spanning into Europe. The life of Broken Tooth Koi was made into the 1998 Chinese movie, Casino which was directed by Simon Yam.
Wan is no ordinary gangster for in Macau. It is an open secret that Macau casinos are under the protection of underworld group. But Wan could extort money from casinos in Macau. The rest of his exploits is too gruesome to share.

Leopards do not change skin, be they a politician with questionable history or retired gangster whose served his time. The fact that there was no significant change in shares to Fuzi indicate the likelihood Wong remained a major shareholder through proxies perhaps. 
Wan joined the company as Chairman in August and the share prices spiked prior to his appointment. Market was a buzz by Wan's appointment as Chairman in August. 
It was bewildering for an IT company to appoint a retired underworld head as chairman. In the midst of rampant crimes involving scamming, money laundering, cytrocurrency and online gambling, it would have raised eyebrow. Broken Tooth has not retired after leaving prison in 2012 and was still active in his vocation.  
However, Malaysia Shareholders Watchdog Group CEO Devanesan Evanson could tell Edge Online, "As such, as long as a person is not disqualified under the laws and/or rules, the person has a right to act as a director. 
"It is a general principle, a man’s past should not be used to prejudice his future. Many persons who have had a sordid past have turned over a new leaf. There are laws in place, there are rules in place and there are ‘fit and proper’ tests in place: and these should be the basis for disqualification of a director."
The market was excited over Inix shares despite there was a cash burn situation. They had the acquisition of a controlling stake in a glove factory and subsequent plan to acquire the glove distribution story of Wan's chairmanship to tell. There were even plan to develop Corona Covid 19 vaccine and diversify into durian industry. 
All are rather suspicious, opportunistic and improperly planned acquisitions. If the covid scare is over next year when production start, what happen to shareholders jumping in the glove craze? Oh forgot... they are doing covid vaccine. All bases covered.  
Good for L&S glove factory owner. Its off their hands now.
Days after Fuzi resigned, it was reported that Broken Tooth Koi was blacklisted by the US due to his triad activities. Fuzi may have been given the heads up by his former collegaue in the police force. 
Inix shares fell 13% upon the announcement of Fuzi's resignation. 
The presence of Fuzi was godsend and Inix was using the Charman to do public relation with the police. In gangland language, that is infiltration for the still active Wan. 
Ironically, prior to his Chairmanship at Inix, Fuzi was in the media advising his former colleague to strive to enhance the image and integrity of the force. Thank to Allah that Fuzi realised it and acted decisively.   
Guess the party is over and some @$$holes got their hands burn. Its all a normal day in the stock market. 
But why is Jojo, the business partner of the Sultan of Selangor providing these questionable and suspicious characters the shelter? Isn't it dangerous? Could it be Jojo is not aware of how dangerous Wan could be?
To put it simply, international syndicate criminals such as Wan can be dangerous to police, judges, and other local gangsters. 

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