INIX Technologies Holdings Bhd has categorically denied any involvement with the stock investment scandal that was highlighted by a mainstream newspaper.
This is in relation to a March 30 article by the News Straits Times entitled “34 govt personnel, cops suspected to be in cahoots with Datuk Seri Nicky”.
The article cited Inspector-General of Police (IGP) Tan Sri Abdul Hamid Bador as saying “Broken Tooth” (its former chairman Wan Kuok Koi) was involved in the stock investment scandal alongside Inix.
“The board of directors and management of Inix would like to clarify that Inix is not involved in any stock investment scandal and that ex-chairman, Wan Kuok Koi, did not own any shares of Inix throughout his tenure and after his tenure as of March 23,” the company pointed out in a statement.
“The appointment of Wan was mainly to tap onto his expertise and experience as a leading business person in Macau as stated in the filing made with Bursa Malaysia on Aug 11 last year.”
To re-cap, the stint of Wan, 59, as Inix chairman only lasted around five months as he resigned from his role on Dec 2 last year “to pursue other personal interests”.
He was replaced by former Inspector-General of Police Tan Sri Mohamad Fuzi Harun, 61, who lasted five days prior to being succeeded by ‘flamboyant entrepreneur” Tan Sri Syed Mohd Yusof Syed Nasir, 73, who is more affably known as “Tan Sri Jojo”.
“Currently Inix is managed by a team of experienced board of directors and professionals who has vast corporate network with years of corporate experience in managing listed companies,” the information-based technology company noted.
“Inix is currently managed by its two executive directors, Siva Kumar Kalugasalam and Datuk Zhang Li.”
The group further highlighted that its board of directors and management consider any attempt to manipulate the stock market or involvement with the stock investment scandal as a serious offence.
“If any such violations were found among the management, its board members or employees, a comprehensive investigation and serious actions will be taken,” Inix pointed out.
For now, the company reiterated its commitment to the glove business venture.
“The strong demand for gloves despite the rollout of vaccination globally would support growth for the glove industry,” enthused the company.
Towards the end of last year, the group’s glove venture took off via the completion of 51% stake in L&S Gloves Sdn Bhd. – April 1, 2021
