Zionist-linked Network School’s money in Forest City unwelcome; faith, sovereignty at stake, PMX told
This follows a lengthy open letter by the former CTO (chief technology officer) of Coinbase (a cryptocurrency outfit) to PMX who is also the Finance Minister yesterday (July 17).
For that reason, the US citizen of Indian descent is suspending all new investments in Malaysia, including the US$122 mil (RM516 mil) NS development project in Forest City, Johor of which he claimed to have already invested “RM100M+ in our campus to make it start-up-friendly”.
“For perspective, that’s about 4% of the budget of Johor, the Malaysian state where Forest City is located,” he penned in his open letter.
“We employ dozens of Malaysians directly and indirectly at every level from executive to staff … We’ve also re-vitalised the multi-billion-dollar Forest City project, causing millions of ringgit in real estate appreciation.”
However, netizens especially on the Threads platform reacted with furore to the perceived Balaji’s arrogance coupled with allegations that the technology community facilitates the gathering of Israeli entrepreneurs on a second passport (Editor’s Note: Malaysia does not have diplomatic relations with Israel.)
However, preliminary investigations found that all 266 foreign workers there had valid travel documents.
‘Influx of Zionists’
A browse on the comment section of the news report of Balaji’s statement by Malay language The Reporter on Threads found the overwhelming sentiment of the NS tech community not welcome at all in Malaysia.
“RM516 mil at the expense of the country’s sovereignty? Not worth it. Just save your 516 million, Balaji,” mocked a commenter.
“PMX you’re a Muslim, you believe in Allah’s blessings, not Balaji’s. So don’t give in. InsyaAllah, there will be other blessings from Allah.”
Tagging PMX and Johor Menteri Besar Datuk Onn Hafiz Ghazi, another commenter echoed concerns over an influx of “Israeli passport holders” into Malaysia.
“@anwaribrahim_my please don’t entertain them. Malaysia already bears RM100 mil in free healthcare costs for PATI (illegal immigrant). If only RM500 mil, you (Balaji) can just keep your money. It’s not worth selling the country for RM500 mil. @onnhafiz “
One Threader warned of “modern world colonisation” by alluding to how “Francis Light claimed he open Penang, how he force the Sultan of Kedah to sign a treaty with little money in the name of ‘trade’ business”.
“Balaji never promoted Malaysia, fulfilled the Malaysian employment to fit in the regulations and now requesting to meet the PM to discuss their term just because ‘we’ve invested US$100M+’,” she jibed.
“Truly, the attitude of a colonialist. You’re not special Balaji. Take your business elsewhere.”
Another took a pot shot at Balaji for the audacity of solely marketing Forest City as “a land near Singapore”.
Even former de facto law minister Datuk Zaid Ibrahim cautioned Putrajaya that “all over the world, Zionists’ money is looking for places to invest after their haven in the Middle East is exposed”.
“Argentina, for example, is setting aside 100,000 hectares for Zionists to invest and settle,” penned the newly minted PAS member on his Facebook page.
Where no countries will do their bidding for the rare earths, they come here. Where no countries want to take their data centres, we welcome them to come here and already they have a stake in our airports.
This guy from the Network school in Forest City sounds very arrogant to me. He said he wanted guarantees and a meeting with the PM, or he would pull out all the billion-dollar investment
He must be as wealthy as Bill Gates. He did not mention the subject matter of the investigation at all, which was the presence of persons of Jewish nationalities
Malaysian top officials in Putrajaya must be commended for their vigilance. They want to make sure Zionists' money is not flowing ...
See moreBecause we’re attracted to investors with billions, we’ve to be careful. One day, if we aren’t careful, we’ll become Zionist satellite states like Kuwait, UAE (United Arab Emirates) and Bahrain. Glossy and super-wealthy from the outside but a pauper puppet inside.
Elsewhere, Johor MB Onn Ghazi urged the Federal government to provide “an immediate, clear and final decision regarding the status of the individuals involved and the operation of Network School”.
“Any matter related to the entry of foreigners into the country is subject to the jurisdiction of the Home Ministry,” he pointed out in a recent media statement.
On its part, the state government through the Iskandar Puteri City Council (MBIP) has taken enforcement action based on the jurisdiction of the local authorities.
MBIP has carried out reviews of business license compliance, use of business premises and compliance with billboard requirements. – July 18, 2026

















