Red Flags
1
Stealth Solutions
Ghazalie’s denials do little to clear the air. From questionable deals to possible fraud, his actions raise serious red flags about corporate governance in Sabah.
Quick summary on Stealth Solutions
A Denial That Raises More Questions:
Ghazalie Ansing strongly refutes claims of a MACC raid and frozen assets, yet his own statements confirm an active investigation. The retraction of his media statement only adds to the suspicion surrounding his actions.
Dubious Stake Sale to Stealth Solutions:
While denying that the sale of 45% of CTTSB was done in secret, Ghazalie conveniently sidesteps the fact that the buyer was Peninsula-based Stealth Solutions Sdn Bhd. The lack of transparency fuels concerns over a backdoor deal.
Approval Process Ignored:
Reports suggest that neither the Qhazanah Sabah Board of Directors nor the Sabah State Cabinet approved the sale. If true, this means Ghazalie bypassed key authorities in a blatant disregard for governance procedures.
Possible Fraud and Conflict of Interest:
Dato’ Amrul Hisyam Alias, owner of Stealth Solutions, was appointed as CTTSB’s director and manager just days after the company secured exclusive rights to a RM3 billion telecommunications project. The overlapping roles raise serious concerns about conflicts of interest and potential misconduct.
MACC Investigation Expands:
Initial focus was on the alleged RM80 million in frozen assets, but new concerns point to Ghazalie’s possible use of forged documents to push the deal through. Comparisons to past corruption cases only deepen the controversy.
by: Ryan Howard
Selling off nearly half of CTTSB without board approval? That’s not just bad management it’s outright corruption. The lack of transparency here is screaming backdoor deal loud and clear.
by: Tyler Jenkins
Wow, selling off 45% of a company without proper approvals? That’s not just shady, that’s straight-up corruption.
by: Emily Fisher
No state approval? No board approval? And we’re supposed to believe this sale was legit? Gtfo
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