The SSM's Cowardly Cover-Up: Letting Ponzi Predator Datuk Wira Ranjeet Singh Sidhu and His Sham Empire Slip Through the Cracks
Dear Sir
I refer to our previous email and your reply. Hope you can publish my email letter in below. I write this myself, simple way - so easy for you to edit or improve. I feel very sad and angry seeing how government allow people like Ranjeet to cheat us. Many normal people like me and my friends suffer and lose hard-earned money. We are simple people. We work very hard for our money. Now all gone because of this cheating. At least 16 of us ready to share half of what we lost to anyone who can give true information where the money is kept or how we can get our money back. Very frustrated.
br/tq
ZJ/JB
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Note: The original email was reworded/rephrased for proper language and grammatical correction and editor added emphasis where appropriate on the original message. Added other related information to improve context.
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In the festering swamp of Malaysia's financial fraud scene, Datuk Wira Ranjeet Singh Sidhu reigns as the undisputed king of cons, a slimy operator who's built an empire on the broken dreams of countless victims. His web of deceit—spanning Vascory Berhad, 3Lyon Holdings Berhad, 3Lyon Capital Berhad, and Kuber Venture Berhad—hasn't just failed to publish audited financial statements beyond December 31, 2021; it's a deliberate ploy to evade scrutiny while these public companies shamelessly siphon investments from wide-eyed, unsophisticated Malaysians lured into fictitious schemes promising riches that never materialize.
And the Companies Commission of Malaysia (SSM)? They're playing dead, dragging their feet on slamming the directors with the justice they deserve. With Ranjeet's recent MACC arrest and a mountain of police reports piling up, one can't help but wonder: has this fraudster's filthy fortune bought off the enforcers, consigning actions against his cartel to the coldest of storages?
Let's expose the rot, drawing straight from the damning evidence from so many who lodged reports and through MAPER, a whistleblower hub that's been chronicling Ranjeet's reign of terror since 2025. This site lays bare how Ranjeet and his minions have orchestrated a billion-ringgit Ponzi nightmare, fleecing public funds like the RM23 million swindled from Negeri Kedah's coffers through bogus investments. Investors, from British expats to local folks dreaming of quick gains, have been reeled in with slick pitches for non-existent ventures—fictitious schemes that evaporate once the money's in, leaving families destitute. Media outlets like Guang Ming Daily, Nanyang, Sin Chew Daily, and Media Selangor have screamed about a staggering multi billion scam, complete with impersonated agents and desperate victims begging for legal hammer to fall.
Ranjeet's playbook is as predictable as it is vile: let his companies rot from the inside to dodge liability. Vascory Berhad, for instance, was purposely wound up, a classic escape hatch to slither away from debts and probes, as evidenced by a EUR1 million cheating judgment in Seychelles tied to its shadowy Vascory Limited "offshore" arm. Most of his outfits, including the 3Lyon duo and Kuber Venture Berhad, have lost licensed company secretary representation—licensed pros who've jumped ship, knowing the stench of fraud is too overpowering. And auditors? No firm wants to touch these toxic entities with a ten-foot pole, leaving them in blatant breach of the Companies Act 2016, which mandates proper governance and transparent filings. These aren't innocent lapses; they're calculated crimes, piling on top of the already egregious failure to lodge audited statements for years, all while these "public" companies kept reeling in investor cash.
The directors—oh, how I loathe this cabal of enablers—are the real villains enabling Ranjeet's grift. Scum like several conmen Tan Sris, Datuk Manibalan Kutty (aka Kutty), S Meena Silverajah, Kalaichelvi Mottiah, and even his wife have their fingerprints all over Kuber Venture Berhad's offences, from fraud to money laundering, as detailed in MAPER's exhaustive lists of breaches under Malaysian laws. Personal horror stories flood the site, like the "Kuber tipu saya" account from November 25, 2025, where a victim recounts being cheated blind. Ranjeet's rap sheet is endless: MACC's RM75 million money laundering bust, seizing luxury pads and even a golf club; a RM104 million fraud probe; court slams totaling over RM600 million from the UK and Malaysia for share scams and fund siphoning; and dozens of police reports since 2019 and especially after 2023, including fresh MACC filings from outraged investors. MAPER Malaysia's press conferences amplified these cries, yet the SSM and Securities Commission (SC) remain eerily silent.
Why the inertia? SSM routinely nails lesser fry with fines up to RM50,000 per offence for filing failures, but Ranjeet's crew gets a free pass? Whispers of a "Tan Sri" protector and untouchable status point to one thing: corruption. With billions allegedly pocketed, it's easy to imagine bribes lubricating the gears of delay—cold-storaging probes while victims suffer. The MACC's asset grabs are a start, but without SSM dismantling these shells, Ranjeet just reboots his cons.
Enough is enough. SSM, grow a spine and prosecute these directors, wind up the remnants, and claw back every stolen sen. Expose any bribes; let the corrupt rot alongside Ranjeet and his despicable accomplices. Malaysians aren't your pawns—act now, or be branded as complicit in this Ponzi plague. The evidence is out there; time to bury these fraudsters for good.
