Mr. A, the 'Deep-throat' in PwC

Ten years ago, Mr Chin Kwai Fatt became the MD of PricewaterhouseCoopers in Malaysia.

Mr Chin narrowly defeated Mr A, his fellow senior partner, who was actually the favourite for the position of Managing Director.

Mr A, who was happy to see this blog, has kindly supplied us with a substantial amount of information here, including the information in the post on Genting insiders reconsidering PwC as their auditors, now wants us to 'slow down' as it is becoming too hot for him.

Mr A and his team want the removal of both Dato Johan Raslan and Mr Chin Kwai Fatt from power in PwC. And we believe that Mr A will benefit if Johan and Chin were to resign.

According to Mr A, Dato' Johan Raslan reluctantly became a shareholder and a Director in PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), the undissolved consulting arm of PwC, as part of the deal to become Executive Chairman of PwC Malaysia. He knew this was fraudulent, but had no choice but to play a role in the actions to hide the contingent liabilities in what is now a dormant company, if he wanted to be appointed as the Executive Chairman.

According to Mr A, Johan Raslan is also sometimes referred to as a 'pak turut' and follows whatever Mr Chin Kwai Fatt says. The real kingmaker and puppetmaster in PwC is Mr Chin Kwai Fatt, and Dato' Johan Raslan is little more than a figurehead, with no real clout amongst the senior partners in PwC.

Mr A is now scared enough that he has asked us to stop, but we will not stop.

As we see it, we have reduced the chances of seeing a 'pak turut' being appointed as the Chairman of the Securities Commission, and also the chances of Mr Chin Kwai Fatt  becoming the king maker in the SC, which basically would have meant that the entire corporate regulatory and enforcement in this country will be in the hands of the same person that runs the biggest auditing firm in the country.

But our job is not done yet Mr A, "alang-alang menyeluk pekasam, biar sampai ke pangkal lengan", Mr A.

Is it a fair request to ask us to stop or slow down, Mr A?  The accounting fraud is still ongoing, the illegal registration of PwC by the AOB is still standing, and how are we to clean anything up if the regulatory body itself has been compromised?

"Genggam bara api sampai jadi arang".