Agni Energie's assets on auction

LELONG! LELONG! LELONG!

Live Auction On the Instruction of AGNI Energie Sdn. Bhd. (In receivership) Event description:
Light Engineering, Fabrication Machinery & Electrical Assembly Equipment (Installed 2006/2007)

Featuring:

•Lincon Welding Sets
•Hand Tools
•Mitutoyo Metrology Equipment
•Power Tools
•Power Supplies
•Multimeters
•(50) Dell PC's
•High Quality Office Workstations, and Furnishings
•Toyota Forklift Truck
•Electrical Components
•Unused Motors, Electrical Switch Panels
•150KW Genset
•Steel Bar and Pipe and More


Auction notes:
Shipping Quotations available upon request
Notice to purchasers:
Inspection Details : By Appointment Only
Buyer's Premium : 15%
VAT / Tax : 5% of Buyer's Premium Applicable to Local Buyer's Only
Payment Date : 9 December 2009
Collection Date : 18 December 2009

taken from http://www.go-dove.com/auctions/AuctionDetail.asp?auctionID=13806

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WANTED : Mr C Thavarajah

• Thavarajah is the former Director of Compliance in Agni-Inc. He is the father-in-law of Sri Mohana Lingham. Father of Anusha Thavarajah (she is Sri Mohana Lingham's wife and the CFO of one the biggest insurance company in Malaysia) .

• He claimed that he have the experience of leading a lot of Fraud Investigation in finance, banking & stockbroking companies. He also proudly claimed that he had declined an offer to become a CEO in a well-known Stockbroking in Malaysia.

• Interrupted his sub-ordinate - Internal Auditors practicing their authorities. As directed by him and his son-in-law, any findings on Sri Mohana Lingham, Madam, P.V Lingham, families and friends were to be drop. Sri Mohana Lingham, families and friends were immune from any findings report of Auditors.

• 3 Question to Thavarajah

1. Where is the authority of independent checking for auditors?
   
2. Where is the so-called audit comittee?
3. Where is the CORPORATE GOVERNANCE?

• Known for his phrases, "My whole life is a top-secret, I keep all of company's secret to my grave." But, to us.... "His whole life is a FRAUD, you keep all of company's FRAUD to your grave!"

-------------------------------------

Quoted from H@cker's The Answers

I heard before joining Agni, he works in a Legal firm (I'm not too sure). His daily schedule:
i. Arrive at the office
ii. Switch on the PC, checking e-mails
iii. Drink coffee
iv. Read newspaper
v. Meet his subordinates
vi. Talk 2 Mahesan about SLIPPER issue (1 hour)
vii. Lunch time
viii. Lying to somebody
ix. Another round of SLIPPER discussion with Mahesan (2 hour)
x. Go back home with full of satisfaction..

hahahaha...

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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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WANTED : PV Lingham (a.k.a Andy Lingham)

• PV Lingham, also known as Ir. Andy Lingham is the former Managing Director of Agni Energie (Agni Inc Malaysia).

• He is the father of Sri Mohana Lingham (Dr Sri Lingham) and husband to Malar Lingham.

• PV Lingham together with his Sri Lankan wife, Malar Lingham and his son, Sri Mohana Lingham seems to be more powerful than the Board Director of Agni Inc. (father, mother, & son)
  

• Due to this unprofessional practice, Agni Inc and its subsidiaries have a lack of corporate governance.

• Lot of emotional decisions were made by the trio instead of rational & strategic decisions.
  

Quoted from H@cker's The Answers

Someone told me that he's a year younger than his wife.
Not much to say about him, but please la, if u r 80 n above, stay at home, play with ur grandchildren, pray a lot to God, etc.

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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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Bring it on - Sri Mohana Lingham!

The following are the collection of messages from ex-staff of Agni Energie(Agni Inc Malaysia) to Sri Mohana Lingham (a.k.a Dr Sri Lingham). Please take note that all names were changed to safe guard the interest of the respective individuals;

Barrack Obama (7/15/09) said:-

We are so stupid to trust this fu!!!!!g agni . Now we have take back the cheque and do complain or what!!!!!!!!! I dont know what to say to you guys.....including was stun..this morning. the way agni dis to all of us...... Just wait and seee.

John Trovolta (Wed, Jul 15, 2009 at 4:04 PM) said:-

...tis people are conman...actually they never did any project till finish since 2003, and they been surviving by using grant from diff country. This is true enough, as confirm by one of the staff!!. NO datuk will buy this shit company especially when they borrow bon from Singapore for 100 million Sing dollar. Even if they sell the company and the equipment inside wont get 20-30 million. Do what ever you all thin its necessary. ANYBODY GOT DR>SRI ADDRESS!!!!!!!!!??????

Freddy Mercury (Fri, Jul 17, 2009 at 1:10) said:-

3rd party personnel finding DR SRI LINGAM the fat chicken to resolve this matter, but they alwiz fail to caught hold of that liar!!!!!! He is alwiz running here and there!

Micheal Jackson (Wed, Jul 22, 2009 at 9:53 PM) said:-

We employees have suffered few months without pay, not to mention majority of us now still jobless today. We depend on our pay to survive, not like those investor which are just making loses and not at critical stage yet.

Faizal Tahir (Wednesday, July 22, 2009, 8:14 AM) said:-

..Dr.Sri-yg nih lagi la kuat pusing, knape tetibe bole nak fight untuk kite plak...klau die btol2 nak tolong kite, patutnye awal2 lagi die tunjuk..sblom ni bukannye baru sehari kite keje ngan Agni...byk sgt game yg diorang buat...

Samy Vellu (Rabu, 22 Julai, 2009, 10:43 PM) said:-

Agni knew from start about this frozen account and that's why Sri & co taken the server, accounts detail, list of employees, and cleared the so called library and also his room became paperless in that week wheheby he gave the remaining Agni staffs 1 week so called AL.

Jackie Chan (Thu, 23 Jul 2009 15:44:07) said:-

We can't fight with them. So what we can do is find the people who is familiar to the law and get back our money. We r not beggar.

Shah Rukh Khan (Sat, 25 Jul 2009 07:44:45) said:-

Shit Happens lah! I should have listen to few of our old friends (Ganesan Marimuthu, KPD, Ikram, Mr. Sashi and other quite~lucky staffs) to get the HELL out of that blood~sucking~HOLE much earlier when I could. I sincerely believe in "Work Is Worship" and I put all my energie at work, yet we got f**kin shit and asked to leave empty handed. I know every1 is f**kin pissed, but face the truth (also agreed by some1 else) ~ that Sri sucks B*bie's you nkow. So, they are giving us a run around. Get it!. Ofkos I dont wanna give up on my RIGHTS!!!!!. Like R said, we have to move foward + get a job + 2 if neccessary + keep an eye on this matter. When I first joined this shit, I respected every1, my boss Nirmala is de best boss I ever had, IT coliks++, I even respected the SRI family, until I knew their dark trades from Tan Sri Maniam. I still showed respect to them as all living beings (G.O.D's Creto), but will never forget this injustice. I just wish that every1 will get back their RIGHTS and dignity and move on. Cursing and swearing will only dig our graves deeper.

We r still waitin' 4 any response from Sri Mohana Lingham, families and friends. Please refer to :- The Challenge

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