Dunggus In Charge. RM200 million went kwak, kwak, kwak.

 

OutSyed The Box

Thursday, July 16, 2026

Dunggus In Charge. RM200 million went kwak, kwak, kwak.

• Retirement Fund duped RM200m aquaculture start-up 
• describing it as deliberate fraud.
• deliberate fraud, financial reports manipulated by management
• robust and transparent investment governance framework
• all investments undergo due diligence
• also conducted independent due diligence 
• before gaining approval
• Nonetheless investment was deliberate fraud  
• invested RM200m in July 2023 

OSTB: Jangan cakap dunggu lah. What due diligence? 
They lost RM200 million to a fraudster. Who was in charge in July 2023? 
What I want to know is was there any corruption involved?
Has the MACC signed off on this deliberate fraud ? 
MACC kata apa?

YB asked if management, BOD, investment panel would take responsibility 

OSTB: Hello YB. Lama tak podcast. What happened to that podcast you recorded with me about the IPPs? Anyway, take responsibility?  This is Malaysia lah brother. I think the management, BOD, investment panel etc would have been promoted to better things in life.

Hello YB, remember 1MDB, SRC bla bla?

SRC a subsidiary of 1MDB
They kasi pinjam RM4 billion to SRC.
The RM4b was misappropriated 
loans carried a gomen guarantee
gomen paid the principal and interest after SRC failed 

OSTB: Remember the dunggus pinjam RM4 billion to SRC. RM2b in 2011 and RM2b in 2012. So this is not the first time these dunggus kena tipu (with our money). During the 1MDB scandal, their RM4 Billion loan to SRC also went up in smoke. Tapi ada gomen guarantee. So you and I paid.  Were they held responsible for 2012? Well if they were held responsible then why did they screw up again 11 years later in 2023?

Indon court sentenced nine years jail for embezzlement and money laundering

OSTB : That Gojek founder - the Indon motorbike taxi - has also been thrown in jail for fraud. That country still kurang civilisation lah. You want to risk your father's money in Indonesia go ahead. But this is public funds. Dana awam. You are playing with public funds. 

carried out holistic review of its investment evaluation

OSTB : Holistic review kepala hotak apa? 2012 they lost RM4 billion public funds to SRC. 2023 lost another RM200 million public funds. Bukan duit bapak dia. What holistic review?