Warning from a supplier on Agni Gencell, USA

Agni-Gencell Do not do business with them! 203-264-2515 +6562923122
September 14, 2009

If you are finding this posting then you probably also were scammed by Agni Gencell. We design and build automation machinery here in Ct. We had a purchase order for a very large automation machine to build for them. The PO and down payment were issued, and we began work on it. As we continued our Progress on the machine, Peter Allen, the son of Gencell’s founder, Jeff Allen, told us the company had a potential buyer. There was a Malaysian company named Agni that would be buying them. At this point Gencell was already about 2 months late on their payment. gencell said once the acquisition was complete by Agni, they would pay the late payment, and then we could resume working on their automation system. Well needless to say this dragged on for months. Peter Allen ended up quitting Gencell leaving just his Daughter in law, Joan Allen. She was also full of empty promises about making the payments. We ended up calling our lawyer which basically said “Get in Line, they owe everybody”

DO NOT, I repeat DO NOT do any work for Agni Gencell, or even invest in their company. It is all a scam. Stay away, and save your money...........

Taken from http://packardinc.wordpress.com/2009/09/14/agni-gencell-do-not-do-business-with-them-203-264-2515-6562923122/

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AGNI INC is on fire but the 'Fat Chicken' is hiding

Agni placed under receivership
Move follows default on 15m euro loan
By PAULINE NG
IN KUALA LUMPUR
Published August 17, 2009

RECEIVERS and managers (R&M) have been appointed for Singapore-based alternative renewal energy firm Agni Inc and its fully- owned Malaysian subsidiary Agni Energie following the former's default on a loan.

KPMG was appointed the R&M for both the companies after Agni defaulted on a loan of 15 million euros (S$30.9 million) from UK-based Bond Capital Partners (BCP). KPMG Singapore is the R&M for Agni Inc and KPMG Malaysia, for Agni Energie, an Agni creditor told BT.

Worrying signs that the family-owned business was in trouble emerged in June when Agni Energie abruptly laid off staff at its 100,000 square foot factory in Shah Alam, Selangor.

According to news reports, some 100 employees were given short notice of termination. The plant has since been closed.

Staff at Agni's Singapore office could not be reached and BT is given to understand that following the termination of the lease, the company had moved out.

BCP's corporate website states that it helps provide late-stage structured finance investments in mid-market enterprises that are planning a realisation event within 36 months, either through a listing, trade sale or recapitalisation. It lists Agni as one of its portfolio companies.

Whether the company's financials were affected because of the financial maelstrom is unclear, but in November Agni still claimed an order book in excess of RM600 million (S$246.2 million) in its media releases. (BIG LIE!) Attempts to contact its Malaysian chief executive Sri Mohanalingham proved unsuccessful. (FAT CHICKEN IS HIDING!)

An electrical engineer with 12 years experience as a banker, Mr Mohanalingham had planned to raise financing in January by the issue of Islamic debt papers for expansion purposes.

In an interview with a local newspaper, he said that Agni was targeting to raise some RM900-plus million in two tranches, but would test the market appetite with an initial RM255 million.

He had expressed confidence in the take-up, perhaps banking on Agni's niche as a designer and manufacturer of renewal energy technology to find takers.

The launch of the second tranche of RM600 million was planned for the second or third quarter.

An Agni supplier who has been unpaid for more than six months told BT the company had informed him that he would be paid once the bond issue was completed. (LYING TO SUPPLIERS!)

KPMG has since told him his chances of being paid are 'bleak' because he is an unsecured creditor.

Agni Inc had also proposed a reverse takeover of listed Netelusion at the end of last year in a deal worth US$236 million. However, the proposal, which was to see Agni injected into Netelusion in return for new shares in the loss-making online gaming firm, has since lapsed.

How Agni's operations in Portugal, Spain, the UK and US are faring remain unclear. According to reports, the company acquired US-based GenCell Corp - a molten-carbonate fuel cell developer and manufacturer - in January to complement its business.

Agni Energie appeared to be gaining business, in November announcing the construction of Malaysia's first biomass-to-energy plant. The 10MW plant was to be sited in Bera, Pahang, and would use empty palm oil bunches as feedstock.

Earlier this year, it said that it had been awarded the engineering procurement and commission turnkey contract by a local company to build a 12MW plant in Sarawak.

from:- http://www.businesstimes.com.sg/sub/news/story/0,4574,346280,00.html?

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Dear Madam

Dear beloved madam,

How's life? I really wish you, your husband, your sons and daughter, together with their spouses and children are in good health. I heard you fell and injured yourself several days after the termination event. Is it true? If so, please ensure your Indonesian maid and former Agni's general worker treat you nicely. If not, ask Sri to wallop them like he did to several workers a couple of years back.

Madam,

Our sweet memories together are still fresh in my mind. Do you remember that day? The day when I just have RM5 in my pocket to have my lunch? A day earlier you have given away some of our cheques, but I'm one of the unfortunates as you got headache dealing something which should be Finance Department responsibility. The next day, I really hoped that the remainder of us will get our cheques by lunch hour, so we can deposit it that time and I will not have to borrow money from my friends to eat that night. Can you ever imagine how I feel when somebody told me you are not willing to hand out the cheques until 5 o'clock? Upon hearing this, I knocked your door to beg for the cheque saying, "Madam, I only got Rm5, how am I going to eat?". Your reply was spontaneous, "I'll give you another RM5, but tomorrow you must repay me". OMG! You are so rich, live in big house complete with maids, driven everywhere in your big car, still you want me to repay RM5. I was really annoyed. I didn't beg for your RM5, I want my RM1947.25 to pay my rent, to eat, to pay my debts!

Madam,

Currently I'm working in a small company, located very far from my hometown. The company has seven workers, including me. My boss told me that he was really surprised when he go through Agni's website, wondering why i left a big company like that! I really wanted to laugh my head off, but just kept it to myself, telling him that I wanted to concentrate on a smaller scope, because in Agni, I don't really know what the hell I was doing!

Let me tell you a little bit of my company. It's located at a double storey shoplot, the ground level is the store where wee keep our instruments, valves, and machines, while upper floor is used as management office. My boss is a very simple man in his 60s, smoking rokok daun, drink, eat, and puff with us, the workers. The day I started working, they made a small feast at Pizza Hut, celebrating for a new project kick off also welcoming me as their new family member. The boss himself teach me how to install the instruments, the commissioning steps, etc. It's really helpful to have somebody experienced enough by our side, as it helps me a lot in understanding steam engineering. Unlike your son who knows the theory of energy by book, and not by doing it himself. Not enough with that, Sri also hired inexperienced peoples to be his puppets. Nobody in Agni has ever work in renewable energy field before. That's a fact.

I really miss the time we queue up outside your room. It's the time we feel really fucked up, waiting for you to search for our cheque, one by one. Eh Madam, have you ever think that your method was so fucking stupid? Why can't you just ask Finance Department to calculate our salary? Why must you yourself want to hand out our salary, when there are peoples who are reliable to handle the money? You think they cannot be trusted huh? The one who cannot be trusted is you and your son, running away with investors' money.

There's a lot I want to say to you, but I only have RM120 to last until the end of the month and this money should be used on food and gas only, not writing about you, scumbag. OK lah madam, I've to go back, cook some Maggi, my regular dinner. I'll write about you again, as people like you is very hard to find.

Love,

Amitabh Bachchan

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Agni Energie : A Conspiracy Theory?

This is just a theory based on true fact. Remember that day when Agni Management terminated all of the us? Yes, that legal guy from Singapore Agni Office (he is second man to Ramani) told us the reason that the management were not paying us our 2 month salaries and compensation was due to short of fund.

Guest what?

Anti-Agni team had found out that the outstanding balance of Agni Energie current account in a local bank as at 26th June 2009 was 6 digit... almost reached 1 million Malaysian Ringgit. (we cannot give the exact figure because it is private & confidential). Therefore, Agni Energie (subsidairy of Agni Inc) had lie to us. Dr Sri Lingham had LIE us like we were stupid!!! The management, Dr Sri Lingham, Families and Friends were so selfish and never care about us. We had work hard for them!! They treat us like slaves and some might say, like a pieces of garbages.

Why? Why? Why?

Dr Sri Lingham want to see us suffer?

Dr Sri Lingham want to show off his power?

We had to fight for our right. Government Labour Office did not gave the support that we need. It is time to go further to lodge complaint MTUC and Industrial Relation (take note that we can only lodge complaint within 60 days after termination/retrenchment). We have to act fast.

The Subang Jaya Labour Office

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Agni energie misleading information in Jobstreet.com

Agni Energie

Renewable and alternative energy technology developer; Subsidiary of Agni Incorporated; Employs 145 people world wide.

Company Facts

Company Name :

Agni Energie

Industry :

Manufacturing / Production

Type of Company :

Private Limited Company, Local Based Company

Location :

No.16, Lorong Keluli 1B Kawasan Perindustrian Bukit Raja, Section 7 Shah Alam 40000

*The company prefers to receive online application for speedier processing.

Company Fax :

603-33618688

More Information

History

Incorporated in 1988. Malaysian operation commenced in 2002. Approximately 100 to 110 staff in Malaysia, with over 45 Engineers and Scientists;

Product and Services

Renewable and Alternative Power Generation Equipment, Plant and Machinery.

Financial

Malaysian Operation - Revenue of $40m for FY 2007; NEVER!

Culture and Values

Agni is a autonomous technology manufacturing and R&D company with offices in Barcelona, Delaware, Connecticut, Kuala Lumpur, Lisbon, London, Singapore. BIG LIE!

Benefits

Upper Quartile Salary, Performance Bonus; Shares; Stock Options; Medical Insurance; Travel; Opportunity to pursue fully funded Ph.D. research program at Massachusetts Institute of Technology (MIT) located in Cambridge, Massachusetts, USA. WHAT THE HELL?

Other Information

High Growth Sector.

http://siva-my.jobstreet.com/_profile/previewProfile.asp?advertiser_id=12350

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