Business

YU Syndicate's leaders replace exposed directors at ALX Assets after being caught in a scandal involving YNH Property Bhd & Rapid Synergy Bhd.

Discover how the Yu Syndicate, led by brothers Yu Kuan Chon and Yu Kuan Huat, allegedly swindled RM800 million from Rapid Synergy Shareholders through land scams involving Malaysian public companies YNH Property BHD and Rapid Synergy BHD.

Dive into the unfolding scandal at KNM Group Bhd, where Tunku Datuk Yaacob Khyra is identified as the ringleader of a vote rigging and shareholder identity misuse scheme. This exposé reveals the depths of the fraudulent activities that have thrust the company into the spotlight of federal investigations and led to significant legal and corporate governance repercussions.

In a significant escalation of the ongoing investigation into KNM Group Bhd, the Federal Commercial Crime Investigation Department (CCID) has seized key documents from the company's offices. This latest development, linked to the disputed extraordinary general meeting (EGM) results, raises serious questions about the future of Tunku Datuk Yaacob Khyra's leadership at the firm.

YNH Property Bhd faces an embezzlement scandal involving over MYR 20 million in a suspicious joint venture deal. Key personnel are implicated, with regulatory violations and potential tax evasion being exposed.

Rapid Synergy Bhd's chairman, Yu Kuan Chon, deceived shareholders with fraudulent misrepresentation in the 2021 Annual Report. The company hid related parties to avoid a mandatory takeover offer.

In a shocking development shaking Malaysia's financial core, YNH Property Berhad faces a scandal threatening its Sukuk's stability, with collateral seized and millions at risk. Explore the depth of this financial crisis, its impact on stakeholders, and the looming question of insurance coverage amidst fraudulent asset revelations.

In this shocking exposé, we unravel the complex web of deceit surrounding the YU Syndicate and YNH Property Bhd, where key players allegedly embezzled millions through fraudulent joint ventures and secret agreements. Discover the dark side of corporate Malaysia and the implications of this massive scandal.