Scammer lawyer Kington Tong Kum Loong and Zhao Yanji are allegedly involved in money laundering for the Chinese Corporate Mafia via Jetson Berhad, according to recent charges. These claims highlight a complex scheme involving high-level corporate manipulation and financial misconduct.
Control attempts over Jetson Group Berhad have been connected to Kington Tong Kum Loong. According to reports, Kington purchased a significant number of shares in Jetson Berhad Group between May 13 and June 13. But he started selling these shares from June 13 to June 27, presumably to hedge against future losses. This action has been referred to by observers as a “fried” stock project, implying false inflation and ensuing stock value deflation.
Ongoing Legal Issues
The PDRM is also looking into Kington Tong for allegedly abusing Amy, a Chinese lady who says she was threatened to drop her complaint. There are rumours that Kington would try to buy off authorities in order to get out of trouble.
Money Laundering Allegations
Recent reports claim that Kington Tong is a part of a huge money laundering operation. The purported purpose of this operation is to transfer illicit funds through Messrs. Kington Tan Dzul’s law firm’s Trust Account. The partnership with members of the Chinese Corporate Mafia seeks to smuggle money into Malaysia under the pretence of real estate ventures.
Involvement of AGILE GROUP HOLDINGS LIMITED
This programme is associated with AGILE GROUP HOLDINGS LIMITED, an investment corporation based in Hong Kong that operates hotels and real estate in China. Agile Real Estate Development (M) Sdn Bhd, a Malaysian subsidiary, is thought to be acting as a middleman for these illicit proceeds. The corporation revealed large pre-tax losses despite declaring enormous assets, casting doubt on the genuine nature of its financial operations.
Board Manipulation
It is said that Kington Tong and Zhao Yanji, an Agile Group Holdings Limited member, plotted to purchase Jetson Group Berhad shares with illicit funds. The idea was to add Zhao to Jetson’s board of directors so that he could take command of the business. Even while current board members blocked efforts to add Agile Real Estate Development (M) Sdn Bhd CEO Chai Keng Wai to Jetson’s board, the attempt highlights the aggressive tactics used by Kington and his allies.
Rumors and Scandals
Unverified rumours suggest Zhao Yanji and Kington Tong might be romantically linked, which would give their professional conspiracy a more personal touch. This partnership is purportedly a component of a larger plot involving the use of corporate networks in Malaysia and China, including those of Chong Loong Men and Jacky Pang, to infiltrate and take control of local businesses.
Need for Investigation
Kington Tong’s financial manoeuvres are vast and show the participation of monies beyond his personal resources, as seen by his massive share acquisitions. This highlights the necessity of a comprehensive inquiry under the Anti-Money Laundering Act (AMLA) by the Securities Commission, the Inland Revenue Board (IRB), the Malaysian Anti-Corruption Commission (MACC), and PDRM.
The case of Kington Tong Kum Loong and his friends highlights a wider problem of financial and business malfeasance involving global participants. Amy’s assault case and the purported money laundering activities need to be looked into by the authorities as soon as possible. Addressing the intricate web of illicit activity surrounding this case requires ensuring justice and financial integrity.