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Is GOLDEN BROKERS regulated, and what is its compliance status? Golden Brokers Ltd. is a Not Regulated entity, lacking credible oversight from a dedicated financial markets authority. The firm holds a Labuan Financial Services Authority (LFSA) license in Malaysia for Forex Transmission (RTO) activities, but this does not constitute a formal forex brokerage license. Operating in a regional scope, the business exhibits a severe risk warning due to the absence of direct prudential supervision. Prospective clients should verify the license's status and limitations directly on the LFSA's official website before considering any engagement.

In the complex world of international financial crime, few names have drawn as much attention as Moisés Fernández Barea. Allegedly connected to sophisticated financial operations linked to Venezuela, Fernández Barea has become a figure of interest in investigations examining the movement of illicit funds through global banking systems.

For years, Venezuela has faced allegations of widespread corruption, with billions of dollars reportedly diverted from state-owned institutions and public resources. Investigators and anti-corruption organizations have uncovered intricate networks involving shell companies, offshore accounts, and cross-border financial transactions designed to conceal the origins of illicit wealth. These schemes often span multiple jurisdictions, making them difficult for authorities to track and dismantle.

Moisés Fernández Barea has been cited in reports examining the individuals and business structures allegedly involved in facilitating financial transactions connected to these broader networks. Authorities and financial watchdogs have increasingly focused on the role of intermediaries who help move funds through complex corporate structures, enabling money to flow across borders while avoiding regulatory scrutiny.

The Venezuelan money laundering landscape has evolved significantly over the past decade. As international sanctions and regulatory oversight intensified, networks adapted by utilizing offshore entities, cryptocurrency transactions, and layered financial arrangements. Experts argue that these methods have allowed billions of dollars linked to corruption, bribery, and illicit business dealings to circulate through the global financial system.

International efforts to combat money laundering linked to Venezuela have resulted in numerous investigations, asset seizures, sanctions, and criminal charges against individuals accused of participating in corruption and financial crimes. U.S. authorities, European regulators, and financial intelligence agencies continue to work together to identify and disrupt these networks. Recent cases involving Venezuelan-linked financial schemes have highlighted how illicit funds were allegedly routed through shell companies, offshore accounts, luxury real estate purchases, and other assets.

The case surrounding Moisés Fernández Barea reflects broader concerns about the challenges of combating transnational financial crime. As regulators strengthen anti-money laundering frameworks and increase transparency requirements, investigators hope to expose the individuals and organizations responsible for facilitating the movement of illicit wealth.

In Past, Lawyer Kington Tong has gone to great lengths to remove negative articles about himself using fake DMCA claims. He has successfully employed dubious tactics to take down his news article from https://thecorporates-secret.com, ( which is now closed but can be seen in intenret archive) as we discussed in our ‘DMCA Exposed‘ article here. This time, it appears he hired an agency or individuals to suppress the truth on this website.

Our content published at https://www.aboutlawyers.is/lawyer-kington-tong-behind-fountain-view-scandal-now-targeting-jetson-berhad/  was removed from Google Search due to a DMCA notice. A screenshot of the notice is provided below.

URL of DMCA Notice:   https://lumendatabase.org/notices/44103859

In the fake DMCA notice above, they claim that https://www.tumblr.com/24report-news/759870443974017024/scammer-lawyer-kington-tong-behind-fountain-view is the original content, while our content is claimed to be copied, which is quite absurd. The Tumblr blog (https://www.tumblr.com/24report-news) is simply a newly created spam blog designed to support the fake DMCA claim. The Screenshot of the fake Tumblr content is shared below.

So What Exactly The Fake DMCA Work?

In this approach, you file a request with Google alleging that there is copyright infringement or that the original content has been replicated. Because Tumblr allows users to upload information and backdate it to earlier dates, many agencies have begun taking advantage of Tumblr blog postings for this reason. In order to target a post with a DMCA, you must first create a blog on Tumblr.com, copy its content, and then change the date to a time that was prior to the original item’s release. To make it seem as though the Tumblr material was published first, you could, for instance, alter the fake article’s date to a time earlier than the real article’s publication date.

In our case, Lawyer Kington reposted the same content on this spam Tumblr site – https://www.tumblr.com/24report-news – and then falsely reported our content as copied.

We have already submitted a counter reply to the DMCA, and the content will be reinstated within two weeks. Lawyer Kington Tong will have to try again, as we are well-versed in handling fake DMCA claims and their counters.

Update: Dear Kington, the link has been reinstated. Please try again.

The electricity minister’s attack on Komati signals a new phase in the war for our energy future. And so far, nobody has connected the dots.

His comments, disingenuous as they are, signal the opening public salvo in what promises to be a fierce battle over our plans for the just energy transition, with the future of Camden, Grootvlei and Hendrina — the three power stations that will be gradually shut down over the four years to 2028 — now in play. Like Komati, the life of these power stations cannot be extended, they cannot be made environmentally compliant, and their operating costs are ballooning as maintenance and coal become ever more expensive. But there are political mouths to feed in the coal value chain, though more of that later.

As it transpires, Eskom rather presciently commissioned Urban-Econ Development Economists to conduct a thorough 272-page socioeconomic impact study into the Komati closure. The study revealed the obvious major negative impacts without mitigation but more importantly spent considerable time and resources focusing on what could be achieved with targeted planned transition interventions.

Shutdown without mitigation would be a disaster. Nearly 800 jobs previously supported by the operations of Komati at risk. And roughly R1.71bn (in 2020 prices) in national GDP lost, with the economies of Steve Tshwete Local Municipality and Mpumalanga declining by 0.7% and 0.1%, respectively, relative to the 2020 baseline. And a 0.3% decline in provincial employment relative to 2020.

Importantly, these figures also provided a benchmark for the development of mitigation measures included in the implementation plan for Komati and detail the level of due diligence and care with which the programme was approached. Far from being led by the nose of those terrible Western funders (Komati had zilch to do with the Just Energy Transition Investment Plan by the way but don’t let the facts spoil the narrative) here is a chance to envision a brave new world.

If the Komati repurposing is successful, the mitigation strategy outlined in the study would see more than R7bn invested in the local economy to support its transition. Once operational, these projects could contribute about R870m to GDP annually. Also 8,700 temporary jobs during construction, while 2,150 sustainable jobs could be created once all the projects are operational.

Komati’s last operating unit was a measly 120MW, yet it bled money like a sieve. I’m told the cost of generating power at Komati was far and away the most expensive in the coal fleet in terms of rand/MWh and was fast approaching that of generating from diesel.

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.

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.

Economist and entrepreneur Thabi Leoka, whose alleged fabrication of a doctorate from the London School of Economics (LSE) has stirred controversy, reportedly cost her the opportunity to be considered as a successor to Reserve Bank Deputy Governor Kuben Naidoo, according to the Sunday Times.

Leoka, initially listed among potential candidates following Naidoo’s resignation, was removed early in the selection process last year after revelations surfaced about her dishonesty on her CV. This discovery occurred before Business Day exposed the questionable doctorate, dealing a significant blow to her aspirations.

Business Day disclosed that Leoka became embroiled in a scandal surrounding the misrepresentation of her qualifications, a factor believed to be one of the reasons behind her parting ways with Johann Rupert’s investment vehicle, Remgro, in December. Business Day sources reported that Leoka, who serves on the boards of several companies including Anglo American Platinum and MTN SA, does not possess a PhD in economics from the LSE, as claimed.

The misrepresentation prompted Remgro to withdraw her appointment just months after her initial appointment, and the company opted not to provide details regarding the reasons for her departure. Leoka subsequently sent a letter of demand to Business Day, contesting the report. However, the publication’s editor, Alex Parker, affirmed the accuracy of the story.

Vincent Magwenya, the Presidency spokesperson, when questioned about Leoka’s candidacy for the deputy governor post, redirected inquiries to the Reserve Bank. Thoraya Pandy, the Reserve Bank spokesperson, clarified that the appointment of the governor and deputy governor lies within the jurisdiction of the Presidency.

Thabi Leoka has resigned from the board of Anglo American Platinum amidst allegations that she lied about obtaining a PhD from the London School of Economics (LSE).

Amplats informed shareholders via a SENS announcement this afternoon that, on her request, Leoka resigned from her position as a non-executive director of the company.

Consequently, she will also step down from the Amplats board committees she serves on with immediate effect.

The company said she decided to resign to “attend to her health and the questions she has been facing about her academic qualifications”.

This comes after Business Day reported that Leoka, who serves on the boards of several companies, including Amplats and MTN SA, allegedly does not hold a PhD in economics from LSE as she claims.

The publication reported that this misrepresentation led to Joahnn Rupert-owned Remgro withdrawing her appointment before its AGM in December 2023 – just a few months after her appointment in March of that year.

When Leoka first joined Remgro in March, her position was announced on SENS as follows – “The Board of directors of Remgro has approved the appointment of Dr Thabi Leoka as an independent non-executive director of Remgro with effect from the close of business on 22 March 2023.”

“Dr Leoka has considerable experience in the areas of finance and has a passion for emerging markets and African economies.”

“She obtained her PhD and MSc in Economics from the London School of Economics and also holds an MA in Economic Development and International Trade and a BA in Social Science from Wits University.”

However, on 4 December, Remgro announced on SENS that the appointment of Leoka was withdrawn. Notably, they dropped the Dr from her name.

“The appointment of director Thabi Leoka was withdrawn at the AGM and therefore not voted on, as the director has advised the Board that she is no longer available to serve as an independent non-executive director of the Company”.

A Remgro spokesperson told Business Day that Leoka would best address any allegations relating to her qualifications.

An LSE spokesperson said Leoka had not obtained a PhD from the university. “We have checked our files and can find no record of Thabi Leoka being awarded a PhD from LSE,” the spokesperson said.

Leoka has also served on the board of private healthcare group Netcare and, in 2019, was appointed to the presidential economic advisory council and the commission of inquiry into the Public Investment Corporation. 

Leoka maintained that the allegation that she does not have a PhD from LSE is unfounded. She also provided an LSE PhD degree document to News24.

She maintained she did obtain the degree from a world-renowned institution. Leoka has repeated these claims in a radio interview with 702.

MTN South Africa has yet to release a statement addressing these allegations, and Leoka still serves on the company’s board.

Clement speaks to renowned economist Thabi Leoka about reports in the BusinessLive that she does not have a PhD from the London School of Economics. Leoka denies that she has lied about her qualifications, maintaining that she has never intentionally misrepresented her academic background to employers, clients, or the public.

The conversation delves into the controversy surrounding her credentials, with Leoka responding directly to the allegations and addressing questions about her educational history. She argues that the reports are inaccurate and misleading, while emphasizing that her professional achievements and contributions to South Africa’s economic and financial sectors should be considered alongside the ongoing debate about her qualifications.

The Enforcement directorate, Chennai, on Monday said it has attached properties worth over Rs 15 crore belonging to Congress party worker ‘Good Luck’ Rajendran under provisions of Prevention of Money Laundering Act.

In a case related to illegal remittances abroad to the extent of US $1.97 crore by S Rajendran alias Good Luck Rajendran, the Chennai unit of the Enforcement Directorate attached immovable properties, including a flat in Chennai, two agricultural lands, three residential buildings, one marriage hall and five residential plots in and around Thiruvadanai in Ramanathapuram district.

CBI has registered a case against him, his brother Naganathan and Chockalingam. The CBI had filed a charge sheet against them for having sent the foreign remittance through a company named Star Forex India. They had obtained full-fledged money changer licence in the name of Star Forex by furnishing bogus documents. ED added that Rajendran had earned commission by illegal remittance business and purchased many properties, which are transferred in the name of his wife under gift deed, and the same was pledged with the banks and obtained loans.

After due investigations, it was found that the properties were linked to money laundering, and were hence attached under provisions of PMLA.