tag:blogger.com,1999:blog-87833628128137345422024-02-07T20:45:39.785-08:00The Star Insiderthe star insiderhttp://www.blogger.com/profile/03262807981875170184noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8783362812813734542.post-51483546211791979092014-04-08T02:11:00.000-07:002014-04-08T02:11:32.986-07:00Vincent's Legacy<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjF_BaFNJcBuhZbKuEUdbpczjGz8ttb8rYDo-bilpWAVXQlbhIrL-sLT2DBhLwkavGpuzIBvs0VwRblxopOUs5QndS10H7TKKEmBNAfs8Wx9KZcdNwRs60zvPk52KXR-ofHri_dm9n5eKk/s1600/image.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjF_BaFNJcBuhZbKuEUdbpczjGz8ttb8rYDo-bilpWAVXQlbhIrL-sLT2DBhLwkavGpuzIBvs0VwRblxopOUs5QndS10H7TKKEmBNAfs8Wx9KZcdNwRs60zvPk52KXR-ofHri_dm9n5eKk/s1600/image.png" height="231" width="320" /></a></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: 'Times New Roman', serif; font-size: 12pt;">I have been very quiet
past few months. Because I have been waiting for bastard Vincent Lee to leave.
Finally the asshole has left. Read </span><span style="color: #222222; font-family: Arial, sans-serif; font-size: 12pt;"><a href="http://www.thestar.com.my/Business/Business-News/2014/04/01/Lee-resigns-from-Star-Publications/" target="_blank"><span style="color: #1155cc; font-family: "Times New Roman","serif";">here</span></a></span><span style="color: #222222; font-family: 'Times New Roman', serif; font-size: 12pt;">. In my entire life working in Star, I have
never seen such a corrupt man. So shameless he treat The Star like ATM machine
that will not dry out unlike the pussies he screw.</span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">When he took over, The
Star was worth RM2.7 billion. Now, it’s only RM1.7 billion. That’s RM1 billion
wiped out in market capitalization. Those of you who hold shares given by
company can feel it lah. Almost 40% value gone. Thank you very much, Vincent.
Our assets worth went down under your watch.</span><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Also thanks to you,
The Star’s profits are dropping although revenue has stayed more or less the
same. How is it so? Because you fucking spend a fortune on overheads! Service
printing, service this, service that everything also service. All run into
millions of ringgit one. If he can service the doorknob in his office everyday,
he will do it. Kanasai….</span><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Of course, even Lionel
Ritchie can see that there is <i>belakang kira</i> arrangement. All
kautim already. Settle and done. Money change hands, thank you very much. And
we employees ended up being screwed left, right and centre.</span><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">And Vincent got the
cheek to tell Chua Soi Lek to say that MCA’s stake in The Star has gone up from
42% to 43%. Suck my dick! MCA hold 1% more shares in a company which has lost
almost 40% in market cap. MCA leaders think we all never go to school like them
is it? Add 1%, lost almost 40% also want to celebrate. No wonder MCA lose so
badly in GE13. People like Vincent Lee give porn star advice, what you expect?</span><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">But not fair to blame
Vincent alone. He is a political appointee. He can’t do all these without help
from people inside who has been around. Yes, Wong Chun Wai is the other
culprit. To suck up to Vincent, he allowed Vincent to cart away The Star’s
riches like Ali Baba and the 40 thieves. He made everything possible and closed
one eye.</span><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Chun Wai is complicit
in all these nonsense. When you allowed all these, you will be well taken care
of what. Otherwise, you think Chun Wai will do ah? Please lah, I have
been in the company long enough OK?</span><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Chun Wai is a
lalang. When he see the wind change direction, he quickly side with Liow Tiong
Lai. You’ve fattened your own wallet and you see your boss not in the right
camp, you still want to stand by him ah? </span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">That’s what led to the shouting match
in Vincent’s office. He ask Chun Wai to sign RM2.7 million shady business deal,
but he don’t want to. Big argument, man! But Chun Wai know he is home. Made
enough from previous deals.</span><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: 'Times New Roman', serif; font-size: 12pt;"><br /></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="color: #222222; font-family: 'Times New Roman', serif; font-size: 12pt;">We shall see what
happens next. Watch out!</span></div>
the star insiderhttp://www.blogger.com/profile/03262807981875170184noreply@blogger.com3tag:blogger.com,1999:blog-8783362812813734542.post-38216367230352822712013-10-31T01:57:00.001-07:002013-10-31T01:57:51.062-07:00Open letter to Tan Sri Fong Chan Onn<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3638" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">Dear Tan Sri Chairman,</span></div>
<div class="yiv3417026432" id="yui_3_13_0_1_1383208792268_2594" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" id="yui_3_13_0_1_1383208792268_2594" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">I think your reply ( </span><a href="http://www.thestar.com.my/News/Nation/2013/10/26/Fong-Allegations-are-utter-lies-Reports-on-sale-of-Stars-assets-spread-with-intention-to-tarnish-ima.aspx" id="yiv3417026432yui_3_13_0_7_1383199038987_26" rel="nofollow" style="color: blue; cursor: text !important; margin: 0px; outline: none; padding: 0px;" target="_blank">http://www.thestar.com.my/News/Nation/2013/10/26/Fong-Allegations-are-utter-lies-Reports-on-sale-of-Stars-assets-spread-with-intention-to-tarnish-ima.aspx</a> ) <span id="yui_3_13_0_1_1383208792268_2595" style="font-size: 12pt; line-height: 18px;">to the allegations in this blog was so funny, I can’t believe you were a former Minister. But you are from MCA, so it’s okay.</span></div>
<div class="yiv3417026432" id="yui_3_13_0_1_1383208792268_2597" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" id="yui_3_13_0_1_1383208792268_2597" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span id="yui_3_13_0_1_1383208792268_2596" style="font-size: 12pt; line-height: 18px;">You only beat around the bush but never answer the questions / issues / controversies. You may be able to bluff some people, but not everyone stupid like MCA leaders like to think we are.</span></div>
<div class="yiv3417026432" id="yui_3_13_0_1_1383208792268_2597" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">You said the Bukit Tunku land was sold to a royalty who is relative of Tunku Abdul Rahman. Do you dare to name that person or his or her company? I bet you won’t dare to. Please do not think Star’s staff does not know about the real story to the deal. If the land not for property development, the owner paying millions to do what? Build Disneyland? Vincent know the whole story. He is part of the conspiracy.</span></div>
<div class="yiv3417026432" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">On LiTV, you also never answer why Vincent Lee paid an expensive premium for the stake. RM35 million is a lot of money. That’s over RM20 million more than what it is thought to be worth. Where did the RM20 million go to? Vincent use the kickback to fund CSL to topple Liow Tiong Lai? If divide by 2,500 delegates, one person will get RM8,000. Still a lot of money.</span></div>
<div class="yiv3417026432" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3528" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span id="yiv3417026432yui_3_13_0_1_1383199038987_3527" style="font-size: 12pt; line-height: 18px;">About newsprint, you said the company has been very careful. Then, why is our competitor (like NST) paying average of US$560 per tonne when we pay US$650 per tonne? Ok, you said we didn’t pay US$650 per tonne. So, how much did Vincent pay? Show proof, don’t just talk and try to hide!</span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3530" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://1-ps.googleusercontent.com/x/www.malaysiakini.com/mk-cdn.mkini.net/241/159x218xfcfb5b9b821d39d8f56df3a225c5bf1f.jpg.pagespeed.ic.iS95w2fumc.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="200" src="http://1-ps.googleusercontent.com/x/www.malaysiakini.com/mk-cdn.mkini.net/241/159x218xfcfb5b9b821d39d8f56df3a225c5bf1f.jpg.pagespeed.ic.iS95w2fumc.jpg" width="144" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Star Chairman who must answer to the corruption in the company</td></tr>
</tbody></table>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3530" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span id="yiv3417026432yui_3_13_0_1_1383199038987_3529" style="font-size: 12pt; line-height: 18px;">Star also manipulate figures to mislead. We know Vincent issue directive to Finance to magically inflate the profits by factoring in the RM135 million sale of the old office in Section 13, PJ. This is under accounting principles, wrong because the building hasn’t even been built. This is to cover the huge drop in profits from operations.</span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3532" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3532" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span id="yiv3417026432yui_3_13_0_1_1383199038987_3531" style="font-size: 12pt; line-height: 18px;">Enough of this nonsense, Tan Sri. You and I know all this is due to the siphoning taking place </span><span style="font-size: 12pt; line-height: 18px;">right under our noses for political purposes. This unholy partnership of Chua Soi Lek, Vincent Lee and Chun Wai is treating Star like a bottomless ATM machine. But poor Chun Wai gets the smallest portion.</span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3534" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3534" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span id="yiv3417026432yui_3_13_0_1_1383199038987_3533" style="font-size: 12pt; line-height: 18px;">There is only one way to clear the air. Publicise the cash reserves and net tangible assets and compare between Steven Tan, Clement Hii and Vincent Lee. No need to be afraid if you are right.</span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3536" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3536" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span id="yiv3417026432yui_3_13_0_1_1383199038987_3535" style="font-size: 12pt; line-height: 18px;">Say what you like, Steven Tan is tops in terms of building this company into what it is. Now, I am sure he is upset at the destruction and pilferage committed by the corrupted trio who knows no shame.</span></div>
<div class="yiv3417026432" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
</div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3537" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3417026432" id="yiv3417026432yui_3_13_0_1_1383199038987_3537" style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 16px; text-align: justify;">
<span id="yiv3417026432yui_3_13_0_7_1383199038987_21" style="font-size: 12pt; line-height: 18px;">Thank you.</span></div>
the star insiderhttp://www.blogger.com/profile/03262807981875170184noreply@blogger.com17tag:blogger.com,1999:blog-8783362812813734542.post-75297433027437342572013-10-16T03:29:00.000-07:002013-10-16T03:29:49.402-07:00Chua Soi Lek – Vincent Lee sell heritage asset for obscene profit<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2572" style="font-size: 16px; text-align: justify;">
<span style="font-family: inherit; font-size: 12pt; line-height: 18px;">My previous posting has created such a stir in The Star. At the coffee machine to canteen to printer room, people are talking about it in hushed tones. They know it is the truth. When staff morale is low, this is what happens.</span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2376" id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2568" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_23" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br /></span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2567" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2566" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">But I will continue to expose all the wrong doings. As I said, I know a lot of things happening due to having served about 20 years in Star. As a PLC, we have a lot of property. One of them was a property with 3 detached houses sitting on a 2.2 acre land in the elite Bukit Tunku area (people from my era call it Kenny Hills).</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_37" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_39" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_41" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2382" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_35" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_32" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">The house was used by first Prime Minister Tunku Abdul Rahman. He was the chairman of The Star at one point and the place hold historical and heritage value. The Star has owned the place for quite a long time. In fact, for many years, it was the playground for the top bosses. Other people cannot get in, even if you are senior management in Star including Linda Ngiam who was barred from using the place.</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2562" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_47" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_49" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2386" id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2562" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2563" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">And because the land is at a prime or elite area, it fetches very good prices. In 2005, a valuation was done and the property was valued at RM20 million. For many years, The Star has turned down offers to buy the land. Because although we are corporate, we had a sense of social responsibility. We cannot allow a place with heritage and historical value be turned into a commercial enterprise.</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2565" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_55" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_57" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2390" id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2565" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2564" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">In fact, Star directors had agreed to turn the place into a public gallery to showcase Tunku Abdul Rahman’s contributions to this country. It was supposed to be a Corporate Social Responsibility on the part of The Star.</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_64" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_66" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_68" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2394" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_62" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_60" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">But when Chua Soi Lek and Vincent Lee took over The Star, one of the first things they did was to sell off the property! They don’t care about historical value or sentimental aspect of the building which was once owned and occupied by our father of Independence, Tunku Abdul Rahman.</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_75" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_77" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_79" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2398" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_73" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_71" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">To add insult, the place was sold at a loss!!! It was sold to Vincent Lee’s friend for only RM15.8 million although easily can sell for RM43 million. Everything was hush hush. So, why did we sell the place below market value? Vincent Lee must answer who pocket the extra. Did CSL ask him to do it? Why do we have to sell the property which got high historical value to a developer which will turn it into a development project? Are we so hard up for money??</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_90" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_92" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_94" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2402" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_88" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_82" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">CSL got to answer all these queries. Please stop treating Star like your grandfather’s company where you can plunder as you please. You and Vincent do this at the expense of Star workers’ welfare and morale.</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_101" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_103" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_105" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2406" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_99" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_86" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">Mr Porn Star MCA President, this is not your MCA Bangi land which you can sell to Mah Sing for dirt cheap of RM8 million but pocket the balance through kickbacks. Just like the Bangi land has sentimental value as it was donated by the late Tan Sri Loh Boon Siew for building MCA HQ, this Bukit Tunku land also has sentimental value.</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_112" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_114" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_116" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2410" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_110" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_97" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">Please stop all these nonsense!!</span></span></div>
<div class="yiv7879277155MsoNormal" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_119" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_121" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_123" /></span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2414" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_117" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_108" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">How about Vincent Lee’s abrasive behavior as boss in the Star and his terrorising staff he doesn’t like? Do you not know how June Wong got promoted to replace Wong Chun Wai? Because she is having affair with Vincent!!</span></span></div>
<div class="yiv7879277155MsoNormal yui_3_13_0_rc_1_1_1381918883203_2416" id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_117" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_125" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;"><br /></span></span></div>
<div id="yiv7879277155yui_3_13_0_rc_1_1_1381902662530_2511" style="font-size: 16px;">
</div>
<div class="yiv7879277155MsoNormal" style="font-size: 16px; text-align: justify;">
<span id="yiv7879277155yui_3_13_0_rc_1_7_1381902662530_18" style="font-size: 12pt; line-height: 18px;"><span style="font-family: inherit;">Want to read more in the next posting? Watch out for more!!!</span></span></div>
the star insiderhttp://www.blogger.com/profile/03262807981875170184noreply@blogger.com14tag:blogger.com,1999:blog-8783362812813734542.post-17186099013652057222013-10-07T01:56:00.000-07:002013-10-07T01:57:10.691-07:00Do forensic audit in Star Publications!!<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<br /></div>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh20lP1Wnt9uNzYDELI_ljV4dfl_4nUgRZMvtYmjc4s5JwOgtpZB1TuAJ9q3PW3hNy4wAx7Bp29mPNfvm79ooetpkajRQuqZVop9IjditQHWmdZGPxjS8r4yAygfu4KlU4beDP3eBSXLIk/s1600/MCA+Logo.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="" border="0" height="120" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh20lP1Wnt9uNzYDELI_ljV4dfl_4nUgRZMvtYmjc4s5JwOgtpZB1TuAJ9q3PW3hNy4wAx7Bp29mPNfvm79ooetpkajRQuqZVop9IjditQHWmdZGPxjS8r4yAygfu4KlU4beDP3eBSXLIk/s200/MCA+Logo.jpg" title="The new Star Publications logo" width="200" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">This is the new Star Publications logo</td></tr>
</tbody></table>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<br /></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
</div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
</div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span>
<span style="font-size: 12pt; line-height: 18px;"><br /></span>
<span style="font-size: 12pt; line-height: 18px;"><br /></span>
<br /></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
</div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">I have worked for The Star for over 20 years. It is painful to see where this company is going. We are going to sink further. All this due to the nonsense taking place under the new management brought in by Chua Soi Lek after he become MCA president. Yes, I blame it all on CSL because he is the top man who is responsible for the nonsense in the newspaper.</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">What Tong Kooi Ong revealed on his blog is only tip of the iceberg. I will expose the details. Let me just quickly list down some of the problems (or is it wrongdoings??) in the newspaper I spent almost my entire working life in. I know a lot of things going on here because I got contacts everywhere in the company.</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">First, Chua Soi Lek say MCA’s shares in Star has gone up from 41 % to 42%. Since that is the case, he needs to take bigger responsibility in Star. Anyway, the share increased because he bought from open market. Since Star prices is about RM2.40 now, that means MCA’s stake is worth around RM740 million from market cap of RM1.77 billion.</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">But back before he became president, Star prices were around RM3.50 / share, with a market cap of about RM2.4 billion. Even with 41% stake, it was worth RM984 million. In other words, despite the higher stake now, MCA’s assets in Star is worth LESS by about RM244 million!!</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">That is how CSL-Vincent Lee plays with words and tries to confuse Star employees, MCA members and the public. This is not the only example. Vincent also manipulate newsprint figures. Everyone knows newsprint is not cheap.</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">But the price has gone down quite a bit. Belgium, Germany, Sweden and UK have dumped their newsprint in Malaysia since early this year. If that is the case, why Star still paying US$650 per tonne but market rate is is US$580-600. Why pay more? Where the extra money go to? Whose pocket? Whose instructions ? Someone got kickbacks? Vincent please answer!!</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">Further, The Star also bought LiTV in 2011 at RM35 million for 51% share. Everyone know same channel was offered to KK Eswaran’s ABN Media for RM15 million. What returns come from LiTV? Before buying, did anyone do market research?</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">Obviously, there was some hanky-panky due to the price difference of over RM20 million. Kickbacks was again given back to CSL via his crony Vincent Lee. LiTV was a poor purchase. Eventually, we bought a stake in a loss-making company, that was already bleeding. You think Vincent’s Tan Sri come cheap?</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">Yes, Star has made some money. You can check Bursa announcement. But the profit is mostly because we sold our land in my old office in Section 13, PJ. We sold for RM135 million to JAKS Resource. Last year’s Star profit was over RM200 million compared to previous year about RM180 million. But when you minus the property sale, you can see profit is very little compared to the year before.</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">People in HR also told me Star employing staff for Chua Soi Lek and also Vincent for their own use. Bogus staff in Star is open secret. I don’t want to embarrass them because I still treat Star as my family. All I can say is this: I have worked under many MCA presidents since Star is owned by MCA. But none as worse as CSL.</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">They use blatantly for personal and political agenda. I know you are the owner and you can do it. But not at the expense of long serving and loyal staff like myself. Look at Star now. AC Nielsen results show Star readership DROPPED to only 1 million this year from 1.2 million before this. This is very bad. Times are bad and money still being siphoned off!</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">In fact, these are the main reason why Ho Kay Tat left Star. He was being paid RM3.5 million salary but went back to his old job which pay him less than half of what he got from Star because he did not want to be part of these nonsense / blatant abuses. Whereas Wong Chun Wai got promoted because he is complicit in the siphoning that takes place. What can I say… power corrupts!!</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">My conclusion: Since Chua Soi Lek say MCA’s share in Star rise to 42% from 41%, he need to answer to the low morale in the office due to money being siphoned off for his political agenda. See if he dare to do a forensic audit on the Star asset purchases and financial dealings. If he did nothing wrong, nothing to be afraid. But the hanky-panky is too obvious…</span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;"><br /></span></div>
<div class="yiv3205434070MsoNormal" style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; text-align: justify;">
<span style="font-size: 12pt; line-height: 18px;">If he dare not, Liow Tiong Lai, should investigate and get to the bottom of this. Liow Tiong Lai should use professional help to uncover the truth and safeguard The Star and not let criminals run loose.</span></div>
the star insiderhttp://www.blogger.com/profile/03262807981875170184noreply@blogger.com17