"Your Mission A Voice, should you choose to accept it .... This tape will self-destruct"
Mission impossible
Returning to our car after breakfast at a neighbourhood eatery, "Mak O Mak" on a restful Sunday, a Little Bird left a message placed in an envelope written "OPEN IMMEDIATELY" on the car windshield wiper.
Inside a message instructed to pick up a parcel placed under the car at the inner side of the back right tyre. The parcel contain an audio CD playing device. At a park bench in a quiet spot, the on and play button pressed and the voice of Little Bird electronically muzzled to disguise the identity.
Birdie went at length on an insider trading exploit of a Minister of Finance that was investigated and prosecutable, but the investigating authority Securities Commission. It came attached with photos and instruction to have it burnt after identifying the face.
The assignment is to be a trumpet playing whistleblower and details to be remembered by heart. It ended with "Should you or any of your associate be caught or killed, Little Bird will disavow any knowledge of your actions" Immediately, the CD player turn up in flame and photos thrown on top as it burns into ashes within minutes.
Damn! Its like in the 60s TV series. This mission has to be carried out and be done delicately...
The Minister of Finance as told by the electronically savvy Little Bird could be from the past, previous or present. The identity is withheld but the happening is in 2018.
There was an investigation done by Securities Commission on the Minister in 2018 on three cases of insider trading involving companies codenamed as Samajwardi Party Loyalist, Wind Exchange and Atom Component. The Investigating Officer suggested to charge, but by middle of 2019, SC decided to close the case.
The officer in charge of prosecuting that cancelled the prosecution received a promotion. Name will not be disclose but will be codenamed as Rosebud. Name taken from Orson Welles's classic film, Citizen Kane.
Rosebud was a mystery Welles biographer failed to resolve, but not the case involving the Minister. She is married to an employer of the Minister and the SC Chairman is a buddy of the Minister.
Conflict of Interest
There is a principle in Chinese geomancy based on inseparable and contradictory opposities such as dark-light, male-female and old-young. This involves a Chinese named company codenamed Son of Female Energy (SOFE).
There is conflict of interest involving the Minister, SC Chairman, and codemaned Dato Carp, a member of the SC Board of Director and his company codenamed Betel nut. The mother of the Minister and the SC Chairman daughter are members of the Board of Director of SOFE.
There was a 10% private placement of SOFE announced in 2013 to the SC BOD member. He then put the shares as collateral to Betel nut.
A former media kingpin under Mahathir time raised this issue in April 2020. He was concerned with alleged tax evasion from 2010 to 2017. Two partners found the evasion. Instead of regularising, they paid off the other three partner. It then got complicated.
The media man raised also the withdrawal of insider trading cases. Actually, there is more to the story. Off course, there is the conflict of interest involving family, but SC approving a transaction involving a member of the Board of Director constitute an offense larger than conflict of interest.
In the early 200s, Dato Carp was a stockbroker and had working relationship with the Minister. The broking firm was merged with another and eventually merged again to an Investment Bank. The broking firm was government-owned but recently a lawyer claimed son of a former Prime Minister is a shareholder.
It means Dato Carp was also a partner with the son of a former Prime Minister. He was a partner in an oil and gas company and SOFE too.
Inextricably, the Minister is in one way or another linked to the former Prime Minister.
Other than Tengku Razaleigh Hamzah. all Minister of Finance I or II are directly or through single or two layered linked to the leader social media prayed recently that opening the roof make the passage easier.
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This information is not so much relevent for the Minister, past or present. More relevant is the conflict of interest and corruption happening within SC. It has been too often heard and prevalent from the time of Ranjit Singh and to the present.
The timing is bad that a group of four young people made a MACC report of corruption and mismanagement in the tune of RM28.2 million. As often the case, MACC issued a response to express commitment to investigate.
Unfortunately, it will be misconstrued as MACC applying pressure or threatening on SC whose responsible to investigate Tan Sri Azam Baki's claim his brother was the beneficial owner of shares worth RM500,000 to RM700,000 back in 2016.
It is frankly pittance when compared to the holding of friends in the civil service trading shares back since the 90s. Since it involves the Chief Commissioner of MACC, and DAP and left leaning NGOs orchestrating a propaganda, it blew out of proportion and into non-sensical territory.
SC is laden with DAP and PH supporters. Can they be relied on to be fair and just?
Section 25 and 29 of the Securities Industry Act (Central Depository System) 1991 has amendments made in 1998. The case of Surinder Jessy and V Kanesan in 2011 is not as straightforward as proxy not allowed.
The devil is in the details. Specific provisions of law take precedents over general provisions .