Exposed! Meda Inc Bhd lie about their sales!!!

A kind gentleman writes in to contribute interesting information about Meda Inc Bhd. He has given permission to publish the email for you readers:

"Dear Wendy,
You have most of the stuff about Meda correct except you do not know the REAL POWERMAN behind the whole operation. Kenneth Teoh is basically a front man. He only follow the instructions and appears to be the bad guy. The true DECISION MAKER is TEOH SENG AUN. He is the majority shareholder of the group and he does not hold any Directorship. His position in the company is Chief Operating Officer but he WIELDS the real power behind the company. In fact the group was started by him and two other partners.He pulled in his two brothers when the company was doing well. Because of his brothers Teoh Seng Aun had a fallout with his two partners and they split sometime in 1997.

ALL PAYMENTS TO SUPPLIERS AND CONTRACTORS MUST HAVE THE APPROVAL OF TEOH SENG AUN.Kenneth Teoh merely sign the checks together with Ong Bok Siong. EVERY MANAGEMENT DECISION ON THE FUTURE OF THE COMPANY INCLUDING DEVELOPMENT PLANS FOR THE GROUP MUST HAVE TEOH SENG AUN'S ENDORSEMENT OTHERWISE IT WILL BE NO GO.

Just to let you in on a secret as to WHY MEDA INC SHOWS PROFIT EVERY YEAR? Simple!!!!! They just create false sales for their projects. They use two Ringgit shell companies to purchase the properties they develop and pay ONLY 5% of the purchase price and then sign the Sales and Purchase agreements and register the sales as 100% sales. The full purchase price will be shown as income but in actual fact only 5% is paid. As such Meda Inc does not really have the cash to pay the suppliers and contractors.

You do not need to know who I am but the above is just the first instalment of more about Meda. You can print the FULL details I have given and I hope it will help you on your quest to expose how PLCs exploit the loopholes to cheat the public." - from A Friend.

Wendy says "thank you very much" for your contribution, Tuan. Your expose has definitely added a new perspective on the whole Meda Inc Bhd operation. We look forward to hearing more from you. Thanks very much for your suport.

Reporters Are Waiting...
I know some reporters are following this blog. They are waiting for more info to come up before they publish in their newspapers. Meantime, readers can continue to submit to me photocopy documents and other stuff which I can send to SC and CCID of PDM for further investigation and action, it will be appreciated. Don't let these PLCs cheat us anymore! Malaysia boleh!