Elizabeth Ken Tzu Ying aka Elly Ken Siew Ka Wei, who is also Ancom Bhd Chairman
Emil Rinaldi Sjaiful, founder and director of BXC Travellers Sdn Bhd and director of the scandalous Geeko Tech Sdn Bhd.
Updates 4 -5-2023 @11:45 : Rumour has it that one of the directors in MAHB was also pushing from behind for this stinking deal with BXC! Of course, in the open he has been playing God!
Is he the board member from the “(Hello! Hello!)” outfit ? … Stay Tuned!
Is BXC Travellers (M) Sdn Bhd The Reincarnation Of The Infamous Geeko 1.0 Scandal Involving The IT Company, TENCENT?
After lying low for five years, the key players behind Geeko 1.0 have made a striking comeback with a new deal again with TENCENT, the Chinese equivalent of Google, as bait under the guise of BXC Traveller Sdn Bhd (BXC). The players needed a new facade as Geeko was too infamous and the two players had been arrested and detained in orange jumpsuit by MACC as shown in the picture above!
Unfortunately, the Board of Directors of Malaysia Airports Holdings Berhad (MAHB) was seemingly led astray by its very own Managing Director Iskandar Mizal (Iskandar), who pushed for approval of the joint venture (JV) with BXC. Iskandar’s questionable employment track record in Biotech, POS Malaysia, and Media Prima raises concerns over MAHB’s decision to appoint such an individual, seemingly lacking competence and a commitment to good governance!
In 2022 The Players In Scandalous Geeko 1.0 Tried To Sell Its “New Deal” Using TENCENT As Bait To Ministry of Tourism
In 2022 the key players attempted to sell this “new deal” with Tencent as bait to the Ministry of Tourism. However, the deal fell through when officials recognized Elizabeth Ken during the presentation and the alarm bell rung! BXC’s presentation suffered an instant death in MOTAC! Despite this red flag, Iskandar’s curious influence managed to fool MAHB to accept the puffs in BXC’s proposal that it got the green light from MOTAC.
Iskandar: With proper due diligence, you would have known or ought to have known that the BXC puffs were false but you chose not to red flag it to MAHB Board! Did you care to verify the puffs that BXC possesses all the sought after licence (like banking licence in Malaysia) with the authorities in China and BXC? No! Why? Tau sama tau lah kan!
Under Geeko 1.0, the key players included Elizabeth Ken, Emil Rinaldi Sjaiful (in the background), and the renowned Siew Ka Wei, the Ancom Bhd‘s executive chairman and former chairman of Tourism Malaysia (TM), who played a pivotal role in the scandal. For a comprehensive understanding of Geeko 1.0 and the key players involved, refer to HERE, HERE and HERE.
BXC’s Directors Are:
Emil Rinaldi Sjaiful, of Indonesian origin
Sophia Ken Tzu Hui, the sister of Elizabeth Ken Tzu Ying
The above “Meet Our Team” was a screenshot taken from BXC’s website. Elizabeth Ken is the founder and CEO of BXC!
Though Elizabeth Ken does not appear as a shareholder or director in BXC, the company’s website lists her as its founder and CEO. Sweeties Elizabeth Ken is, of course, the key player in BXC and was also very instrumental in the scandalous Geeko 1.0 debacle in 2018. Sweeties Elizabeth Ken also represented BXC to do a presentation to Ministry of Tourism and Culture (MOPTAC), when YB Nancy Shukri was the Minister. Fortunately, MOTAC did not proceed further.
Now that Tourism Malaysia and MOTAC have new leadership under YB Tiong King Sing and Datuk Ammar Abd Gapar as the Director General of TM, lets watch closely whether BXC and/or Elizabeth Ken and her partner will try to fool MOTAC again.
Iskandar Mizal’s Push For The JV With BXC: Desperation or Deception?
Iskandar Mizal, the imcompetent joker!
It is perplexing that Iskandar would be so desperate to have MAHB enter into a JV with an insolvent BXC, completely disregarding the company’s financial status. As a publicly listed and government-linked company (GLC) dealing with public funds, MAHB must exercise proper due diligence in all transactions.
BXC’s Insolvency: A Red Flag Ignored Wilfully?
It is evident that Iskandar chose NOT to inform the MAHB Board that, as of June 16, 2022, BXC “could no longer continue as a going concern” as stated in the BXC’s auditor (Abdul Raji & Co) letter attached to the Annual Account of BXC and filed with SSM.
In verbatim:
“Material Uncertainty Related to Going Concern
We drawn attention to Note 2 in the financial statements, which indicates that the Company incurred a net loss of RM791,117 during the year ended 31 December 2021 and, as of that date. The Company’s current liabilities exceeded its currents assets by RM928,808. As stated in Note 2, These events or conditions, along with other as set forth in Note 2, indicate that a material uncertainty exist that may cast significant doubt on the Company’s liability to continue as a going concern. Our opinion is not modified in respect of this matter.”
(An excerpt of the BXC’s auditor letter dated 16 June 2022.)
In accounting terms, this means that BXC no longer has enough funds to pay outstanding debts and stay in business. If BXC were a publicly listed company, it would be classified under PN17 by Bursa Malaysia, a status reserved for financially distressed companies.
En Vogue Media Sdn Bhd Shareholders Are Sweeties Elizabeth Ken & Sophia Ken – En Vogue Is A Shareholder Of The Scandalous Geeko – En Vogue Media & BXC Sharing Common Auditor
Co-incidentally M/s Abdul Raji & Co is also the auditor of En Vogue Media Sdn Bhd, which belongs to Elizabeth Ken & Sophia Ken! En Vogue Media Sdn Bhd is a shareholder of Geeko Tech Sdn Bhd (Geeko 1.0). Elizabeth Ken is also a shareholder and key player of the infamous Geeko!
Sophia Ken is the director and shareholder of BXC Travellers Sdn Bhd.
Residential House In SS2 PJ – Common Office for Geeko & Elizabeth Ken’s En Vogue Media Sdn Bhd
En Vogue Media Sdn Bhd and Geeko are sharing the same business address at 97 Jalan SS2 / 95, PJ. It is a residential house! Elizabeth Ken and Sophia Ken live next door at 95 Jalan SS2/95! Just curious who bought these house?
Somehow the players in the scandalous Geeko 1.0 are all connected in one way or another to each other.
MAHB Board Consists Of Experts In The Corporate World And Yet It Overlooked Red Flag!
Ms Cheryl Khor Hui Peng with illustrious accolades unseen before. They are very impressive indeed!
For a start MAHB has an independent non-executive director, Madam Cheryl Khor Hui Peng, who has 24 years of wide experience at Ernst & Young and Deloitte, and with very impressive credentials. To learn about her illustrious credentials, please click HERE and click on her photograph and you will see all her success stories! She is also on Board Of Directors of KLK Bhd, Hong Leong Bank Bhd, Alliance Bank Bhd and Chairman of Audit Committee Chubb Malaysia! What is the point if one could not perform as a member of the Board?
With her 24 years of vast experience and accolades behind her, all she needed to do was to pose a few questions to that Iskandar fella and she will see all the red flags and inform the Board accordingly! But why the BXC status and insolvency red flag went unnoticed? Surprised! Surprised! Surprised!
May be her credentials are meant for decorations only! Hence, Iskandar was able to take the MAHB Board for a ride!
MAHB Is A Public Listed & A Government-Linked Company Established With Public Fund
As a government-linked company (GLC) established with public funds, MAHB has an obligation to protect public interests and avoid associating with controversial companies or engaging in deals with unscrupulous characters. The Board of Directors of MAHB should convene a special meeting, without the presence of Iskandar Mizal, as he is an interested party directly or indirectly, to reassess their ill-considered decision to enter into a JV with BXC and the highly controversial characters with a history of questionable dealings and BXC current state of insolvency. The interests of MAHB’s shareholders and the Malaysian public demand nothing less than a thorough, transparent review of this alarming situation failing which there will be a trust deficit for MAHB and more importantly its Board!
Iskandar Mizal Should Be Sacked For Knowingly Failed To Perform Due Diligence
Iskandar Mizal, The Incompetent Joker / Gaji Buta!
Last but not least, it is too glaring that Iskandar Mizal had miserably FAILED to perform his important duties as the MD to perform due diligence on BXC and its JV proposal as expected of him and to present the full facts to the MAHB Board for it to make an informed judgment, in the public interest and the interest of MAHB Iskandar should be sacked forthwith.
It seems Iskandar never learnt from his experience in Biotech Corporation, POS Malaysia and Media Prima! Those who cannot remember the past are condemned to repeat it!
Rumour has it that Iskandar was parked in MAHB by his good “friend” a “syok sendiri” ex minister of … , who was running very high before GE15 but walking around with a “Special Tongkat” but now he has no cloud waiting to be clobbered when the time comes!
It is in the public interest that MAHB should get rid of this Gaji Buta bum as soon as possible before it is too late – before he brings down MAHB with him!
Stay Tuned – Next Change
