Thursday, November 28, 2024

NSW LPAB evasion coincides with Top Group share price, trading volume volatility - typical signs trading on non-public information, but ICAC NSW still silent

 by Ganesh Sahathevan 




The NSW LPAB's  evasion in failing to provide a clear statement on the status of Top Education Group's LLB course (see below) coincides with anomalies in  Top Group's  share price and trading volume (see above). 

The spike in trading volume in June (see above)  coincides with  the period in which Top's law school accreditation was to expire, and the  sudden dip in share price in July indicative of share price reacting to bad news. As mentioned below, Top has not updated the market on any thing that might adversely affect share price but it is a matter of public knowledge that the law school's accreditation was to expire on 30 June 2024.   

These are signs trading on non-public information, but ICAC NSW remains silent.


To Be Read WIth  


Sunday, November 24, 2024

Communist Party China linked Top Education Group law school scandal deepens- Australian law school regulator NSW LPAB, led by NSW Chief Justice Andrew Bell refusing to say if Top's law school has been reaccredited

 by Ganesh Sahathevan 



Unlike previous years,  Top Education Group Ltd's  latest annual report says nothing  of the relevant regulator, the  NSW Legal Profession Admission Board (LBAP)  renewing Top's license to issue law degrees, which should have expired on 30 June 2024.



Accreditation of law courses 

The LPAB determines applications from law schools in NSW for accreditation or reaccreditation of law courses that provide the academic qualifications prerequisite. Law courses are usually a Bachelor of Laws (LLB), a Juris Doctor (JD), or in the case of the Board’s course of instruction, a Diploma in Law (DipLaw). Law School accreditations are usually for a five-year period. 

Law School accreditations are usually for a five-year period. In November 2023 the Board reaccredited the following existing law courses: 

• Macquarie University LLB and JD 

• University of Newcastle LLB and JD 

• University of Notre Dame LLB


And then, a few  paragraphs down the page: '

As of 30 June 2024, apart from the LPAB’s Diploma in Law course, there were 20 accredited law courses being offered in NSW by 13 institutions: 

• Australian Catholic University (LLB) 

• Australian National Institute of Management and Commerce (IMC) (formerly Top Education Institute (LLB)).........

Meanwhile Top Education Group Ltd (trading as Australian National Institute Of Management And Commerce has recommenced enrolling students in its LLB course. New enrolments had been suspended in June 2019, just after re-accreditation by the NSW Legal Profession Admission Board on 29 June 2019.


Mr Bell and his NSW LPAB should not be permitted to play word games at the expense of students, prospective students and graduates of Top's law school. In addition,  it does appear as if Top's share price is being manipulated with information that is more likely than not held at the NSW LPAB. 


END 

SEE ALSO 



Top Education Group Ltd's share price rise continues.No new material HKEX announcements since March 2024.
NSW Department of Communities and Justice's NSW LPAB and Tertiary Education Quality and Standards Agency are the most likely sources of price sensitive information


image.png







SEE ALSO 

Monday, May 20, 2024

HKEX listed Top Education Group share price still showing signs of manipulation, Australian regulator NSW Legal Profession Admission Board officers are the most likely source of price sensitive information- NSW LPAB known to lack transparency despite being a public regulator 

 by Ganesh Sahathevan 



Top Education Group Ltd's  share price, which a few months ago was  flat lining at HK 0.04, but with strong buying support, continues to exhibit manipulation (see Yahoo Finance chart above). The company's law school re-accreditation expires on 30 June 2024 and the  apparent manipulation is similar to that witnessed in 2019 when it last received re-accreditation. 


Re-accreditation is price sensitive, and that  information should only be known to the  NSW Department of Communities and Justice 's NSW LPAB , which has refused to answer questions about the Top Education Group Ltd ramp and dump IPO in 2018,and spike in share price prior to the re-accreditation in June 2019.


TO BE READ WITH 

Tuesday, March 23, 2021

Zhu Minshen's Top Group share price spiked 26% before re-accreditation on 27 June 2019: NSW LPAB personnel should have been the only persons with knowledge of the price sensitive information

 by Ganesh Sahathevan 

Zhu Minshen's Top Group share price spiked 26%, from a then new record low of 0.27 HKD, to a high of 0.32 HKD in the week before re-accreditation on 27 June 2019. It continued its climb to a high of 0.36 HKD, from which it has since sunk to a new record low of 0.22 HKD.

NSW LPAB personnel should have been the only persons with knowledge of that price sensitive information; with regards the results of the review, and the date of notification. 



                                                   


                                         






TO BE READ WITH 



Thursday, January 14, 2021

Zhu Minshen Top Group law school enrolments still frozen: Regulator NSW LPAB & its Chairman , the Chief Justice NSW Tom Bathurst, maintain silence, despite re-accrediting Zhu's law school in 2019 for five years

 by Ganesh Sahathevan

         Ambassador Cheng Jingye Pays an Official Visit to the State of New 
                          South Wales   (2016/08/16)


The Acting Dean of  Zhu Minshen's Top Group law school Katherine Lindsay , has confirmed in writing, that the law school is still not enrolling news students.  As reported the Top Group froze enrolments in 2019 , for the 2020 year, shortly after receiving re-accreditation from the regulator, the NSW Legal Profession Admission Board, and its chairman, the Chief Justice NSW Tom Bathurst. 




TO BE READ WITH 

Sunday, August 9, 2020

Zhu Minshen Top Group law school froze enrolments in 2019 after NSW LPAB reaccreditation: NSW LPAB & its Chairman , the Chief Justice NSW Tom Bathurst, have provided no explanation

by Ganesh Sahathevan


                          Ambassador Cheng Jingye Pays an Official Visit to the State of New 
                          South Wales   (2016/08/16)

The following statement appears at the bottom of Zhu Minhen's Top Education law school website:


* Law school is currently not accepting any new enrolments for its Bachelor of Laws course

The Acting Dean of the law school,  Katherine Lindsay , has confirmed in writing :

No new law students have been admitted  in 2020.

The decision to freeze enrolments appears to have been made after the NSW Legal Profession Admission Board reaccredited Top's license to issue law degrees on 27 June 2019. 

The NSW LPAB and its Chairman, the Chief Justice NSW Tom Bathurst, have provided no public explanation and have maintained their usual silence. 

Top is listed on the Hong Kong Stock Exchange but the HKEX has not been informed of this freezing of law school enrolments, despite Top relying on its "one and only" and "very unique" law school to sell its IPO.

TO BE READ WITH 



Friday, September 27, 2019

Zhu Minshen announces that NSW LPAB review "went smoothly": AG NSW Mark Speakman and officers unconcerned by Clive Hamilton's disclosures of threats, intimidation and defiance of AFP directives ,share price collapse

by Ganesh Sahathevan



The LPAB''s tick of approval does not seem to have reversed the downward trend in share price.Indeed it does look as if the LPAB has ignored all together the fact that Top's market capitalisation has collapsed since listing. Note that Top's shareprice has fallen 14.29% over the past month,compared to 1.13% for the overall market as measured by the Hang Seng Index

In the words of Zhu Minshen, chairman and CEO of his Top Education Group Ltd:



Bachelor of Law Re-accreditation 

The scheduled re-accreditation process of our Bachelor of Laws (‘‘LLB’’) went smoothly. On 27 June 2019, TOP received formal notification from the Legal Profession Admission Board of New South Wales (‘‘LPAB’’) to accredit TOP’s LLB for a further five-year period commencing from the notification date.
(TOP EDUCATION GROUP LTD
ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019)




All this despite the revelations of open defiance of an AFP directive, threats and intimidation disclosed in Clive Hamilton's "Silent Invasion",which have been previously reported on this blog:

In his 2018 book "Silent Invasion" Professor Clive Hamilton reports that Top Education Group's Zhu Minshen organised  students , including students from his Top Education Institute to protest  against Tibetans at the  2008 rally , which counted towards the Top students’ assessment.  Zhu’s Top Institution is “perhaps the only accredited degree program in Australia that counts agitating for a foreign power towards its qualifications.”


Hamilton provides details of Zhu's Communist Party China antecedents and his organisation of the 30,000 strong demonstration by Chinese students at the Canberra torch relay, many of them brandishing Chinese flags.
This was clearly an open challenge to the authority , and in public defiance  of, the AFP's directive to Chinese government security that they were not to be involved in the torch relay. As Hamilton puts is "ASIO shat themselves".

Despite this open defiance of the law that they are meant to defend and uphold the Attorney General NSW Mark Speakman and the other senior judicial officers at the LPAB determined that an exception should  be made to allow Zhu to operate the "first and only" law school in Australia that is not part of a university.


END 

See Also 



Law Council Australia 's exception for Zhu Minshen despite Law Council declaring China's justice system "a joke"












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Ananda Krishnan is dead, review of trustee Chan Chee Beng's position long overdue, action by regulators in Malaysia should no longer be forestalled

 by Ganesh Sahathevan 

Photo from 1959 of the Melbourne University SRC. Ananda standing at far left.He was presidnet of the SRC while at Melbourne University,at the height of the White Australia Policy



Billionaire Ananda Krishnan's death  raises questions of succession, and in particular about control over his assets, nominally held via a series of trusts. In Malaysia his  trustees and   managers have been regarded as above the law, given Ananda's standing, and given the inextricable link between politics  and business in  Malaysia. Among them is Chan Chee Beng, whose position as trustee has been intenable for quite some time. Given Ananda's death , Chee Beng departure should follow. 



TO BE READ WITH 

Tuesday, January 19, 2021

Usaha Tegas' Chan Chee Beng: Are there trust law issues given PanOcean Management Limited's position as trustee ,and Chan's regulatory settlement for insider trading in Maxis warrants, which are trust assets.

 by Ganesh Sahathevan 


The following are excerpts from the Bumi Armada 2018  Annual Report: 

Chan Chee Beng has more than 39 years of experience in general and financial management, investment banking and accounting including stints with Ernst & Young and Morgan Grenfell & Co. Ltd prior to joining the Usaha Tegas Sdn Bhd (“UTSB”) Group in 1992 as Head of Corporate Finance. He is currently a Director of UTSB Management Sdn Bhd.

Usaha Tegas Sdn. Bhd. (“UTSB”) is a party related to the Company by virtue of its substantial equity interest in Objektif Bersatu Sdn. Bhd. (“OBSB”), a substantial shareholder of the Company. The ultimate holding company of UTSB is PanOcean Management Limited (“PanOcean”). PanOcean is the trustee of a discretionary trust, the beneficiaries of which are members of the family of Ananda Krishnan Tatparanandam (“TAK”) and foundations including those for charitable purposes. Although PanOcean and TAK are deemed to have an interest in the shares of the Company through UTSB’s deemed interest in OBSB, they do not have any economic or beneficial interest in such shares as such interest is held subject to the terms of such discretionary trust.


A director of a wholly-owned subsidiary of  a trustee may  well have duties to the trust and its beneficiaries that are subject of legislation in  the jurisdiction of incorporation, and the jurisdictions in which it conducts its business. 

These legal questions arise given Chan's regulatory settlement for insider trading in Maxis shares, which are trust assets. 


TO BE READ WITH 


Sunday, December 15, 2019

Chan Chee Beng remains a director of a number of listed and private companies despite a "regulatory settlement" with the SC with regards insider trading of Maxis warrants:Is the leniency 1MDB related? .

by Ganesh Sahathevan 



image.jpeg





Chan Chee Beng is at present the man who runs Ananda Krishnan's Usaha Tegas Sdn Bhd.
He has since 1992 been the person in charge of all corporate finance matters. He is more than likely to have been involved if not been in charge of, the Tanjong-1MDB power station deals.
In 2015 the Securities Commission Malaysia made the following announcement.



REGULATORY SETTLEMENTS IN 2015

Regulatory Settlement with Chan Chee Beng

On 15 December 2015, Chan Chee Beng entered into a settlement with the SC in the sum of 

RM1,944,438.78 when he agreed without admission or denial of liability, to settle a claim that the SC

 was proposing to institute against him for communicating inside information contrary to section 8

89E(3) of the Securities Industry Act 1983 (“SIA”) to his late wife Yeoh Phaik Choo who then traded  in the call warrants of Maxis Communications Berhad (“Maxis”) between 23 April 2007 and 27 April 2007. 

The information is related to the notification from Usaha Tegas Sdn Bhd (UTSB), a substantial shareholder of Maxis that UTSB and its affiliates intended to launch a voluntary general offer through a special purpose vehicle for all the ordinary shares of Maxis, as set out in an announcement made by Maxis to Bursa Malaysia on 30 April 2007. 

Following this announcement, Maxis further announced on 3 May 2007 the details of the conditional take-over offer including the offer price of RM15.60 for each offer share. The settlement was reached following a letter of demand sent by the SC pursuant to its civil enforcement powers under the securities laws, where the sum Chan was required to disgorge was equivalent to 1.5 times the difference between the price at which Yeoh acquired the call warrants and the price at which the call warrants would have been likely to have been acquired at the time of the acquisition, if the information had been generally available. 


The monies recovered will be applied in accordance with section 90A(7) of the SIA. Chan at the material time was an executive director of UTSB as well as a non-executive director of Maxis.


The above would normally mean that the person or persons involved would be forever barred from holding any sort of position of authority in especially companies listed on the BursaMalaysia, or which control them, Chan remains in many of these;the questions does arise as to whether his too is a case of a 1MDB linked person being given special treatment by the BN and now PH governments.
The answers to question of why, what for and to whose benefit are questions that ought to be made public immediately.

END 




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Sunday, November 24, 2024

Communist Party China linked Top Education Group law school scandal deepens- Australian law school regulator NSW LPAB, led by NSW Chief Justice Andrew Bell refusing to say if Top's law school has been reaccredited

 by Ganesh Sahathevan 



Unlike previous years, Top Education Group Ltd's  latest annual report says nothing  of the relevant regulator, the  NSW Legal Profession Admission Board (LBAP)  renewing Top's license to issue law degrees, which should have expired on 30 June 2024.



Accreditation of law courses 

The LPAB determines applications from law schools in NSW for accreditation or reaccreditation of law courses that provide the academic qualifications prerequisite. Law courses are usually a Bachelor of Laws (LLB), a Juris Doctor (JD), or in the case of the Board’s course of instruction, a Diploma in Law (DipLaw). Law School accreditations are usually for a five-year period. 

Law School accreditations are usually for a five-year period. In November 2023 the Board reaccredited the following existing law courses: 

• Macquarie University LLB and JD 

• University of Newcastle LLB and JD 

• University of Notre Dame LLB


And then, a few  paragraphs down the page: '

As of 30 June 2024, apart from the LPAB’s Diploma in Law course, there were 20 accredited law courses being offered in NSW by 13 institutions: 

• Australian Catholic University (LLB) 

• Australian National Institute of Management and Commerce (IMC) (formerly Top Education Institute (LLB)).........

Meanwhile Top Education Group Ltd (trading as Australian National Institute Of Management And Commerce has recommenced enrolling students in its LLB course. New enrolments had been suspended in June 2019, just after re-accreditation by the NSW Legal Profession Admission Board on 29 June 2019.


Mr Bell and his NSW LPAB should not be permitted to play word games at the expense of students, prospective students and graduates of Top's law school. In addition,  it does appear as if Top's share price is being manipulated with information that is more likely than not held at the NSW LPAB. 


END 

SEE ALSO 



Top Education Group Ltd's share price rise continues.No new material HKEX announcements since March 2024.
NSW Department of Communities and Justice's NSW LPAB and Tertiary Education Quality and Standards Agency are the most likely sources of price sensitive information


image.png







SEE ALSO 

Monday, May 20, 2024

HKEX listed Top Education Group share price still showing signs of manipulation, Australian regulator NSW Legal Profession Admission Board officers are the most likely source of price sensitive information- NSW LPAB known to lack transparency despite being a public regulator 

 by Ganesh Sahathevan 



Top Education Group Ltd's  share price, which a few months ago was  flat lining at HK 0.04, but with strong buying support, continues to exhibit manipulation (see Yahoo Finance chart above). The company's law school re-accreditation expires on 30 June 2024 and the  apparent manipulation is similar to that witnessed in 2019 when it last received re-accreditation. 


Re-accreditation is price sensitive, and that  information should only be known to the  NSW Department of Communities and Justice 's NSW LPAB , which has refused to answer questions about the Top Education Group Ltd ramp and dump IPO in 2018,and spike in share price prior to the re-accreditation in June 2019.


TO BE READ WITH 

Tuesday, March 23, 2021

Zhu Minshen's Top Group share price spiked 26% before re-accreditation on 27 June 2019: NSW LPAB personnel should have been the only persons with knowledge of the price sensitive information

 by Ganesh Sahathevan 

Zhu Minshen's Top Group share price spiked 26%, from a then new record low of 0.27 HKD, to a high of 0.32 HKD in the week before re-accreditation on 27 June 2019. It continued its climb to a high of 0.36 HKD, from which it has since sunk to a new record low of 0.22 HKD.

NSW LPAB personnel should have been the only persons with knowledge of that price sensitive information; with regards the results of the review, and the date of notification. 



                                                   


                                         






TO BE READ WITH 



Thursday, January 14, 2021

Zhu Minshen Top Group law school enrolments still frozen: Regulator NSW LPAB & its Chairman , the Chief Justice NSW Tom Bathurst, maintain silence, despite re-accrediting Zhu's law school in 2019 for five years

 by Ganesh Sahathevan

         Ambassador Cheng Jingye Pays an Official Visit to the State of New 
                          South Wales   (2016/08/16)


The Acting Dean of  Zhu Minshen's Top Group law school Katherine Lindsay , has confirmed in writing, that the law school is still not enrolling news students.  As reported the Top Group froze enrolments in 2019 , for the 2020 year, shortly after receiving re-accreditation from the regulator, the NSW Legal Profession Admission Board, and its chairman, the Chief Justice NSW Tom Bathurst. 




TO BE READ WITH 

Sunday, August 9, 2020

Zhu Minshen Top Group law school froze enrolments in 2019 after NSW LPAB reaccreditation: NSW LPAB & its Chairman , the Chief Justice NSW Tom Bathurst, have provided no explanation

by Ganesh Sahathevan


                          Ambassador Cheng Jingye Pays an Official Visit to the State of New 
                          South Wales   (2016/08/16)

The following statement appears at the bottom of Zhu Minhen's Top Education law school website:


* Law school is currently not accepting any new enrolments for its Bachelor of Laws course

The Acting Dean of the law school,  Katherine Lindsay , has confirmed in writing :

No new law students have been admitted  in 2020.

The decision to freeze enrolments appears to have been made after the NSW Legal Profession Admission Board reaccredited Top's license to issue law degrees on 27 June 2019. 

The NSW LPAB and its Chairman, the Chief Justice NSW Tom Bathurst, have provided no public explanation and have maintained their usual silence. 

Top is listed on the Hong Kong Stock Exchange but the HKEX has not been informed of this freezing of law school enrolments, despite Top relying on its "one and only" and "very unique" law school to sell its IPO.

TO BE READ WITH 



Friday, September 27, 2019

Zhu Minshen announces that NSW LPAB review "went smoothly": AG NSW Mark Speakman and officers unconcerned by Clive Hamilton's disclosures of threats, intimidation and defiance of AFP directives ,share price collapse

by Ganesh Sahathevan



The LPAB''s tick of approval does not seem to have reversed the downward trend in share price.Indeed it does look as if the LPAB has ignored all together the fact that Top's market capitalisation has collapsed since listing. Note that Top's shareprice has fallen 14.29% over the past month,compared to 1.13% for the overall market as measured by the Hang Seng Index

In the words of Zhu Minshen, chairman and CEO of his Top Education Group Ltd:



Bachelor of Law Re-accreditation 

The scheduled re-accreditation process of our Bachelor of Laws (‘‘LLB’’) went smoothly. On 27 June 2019, TOP received formal notification from the Legal Profession Admission Board of New South Wales (‘‘LPAB’’) to accredit TOP’s LLB for a further five-year period commencing from the notification date.
(TOP EDUCATION GROUP LTD
ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019)




All this despite the revelations of open defiance of an AFP directive, threats and intimidation disclosed in Clive Hamilton's "Silent Invasion",which have been previously reported on this blog:

In his 2018 book "Silent Invasion" Professor Clive Hamilton reports that Top Education Group's Zhu Minshen organised  students , including students from his Top Education Institute to protest  against Tibetans at the  2008 rally , which counted towards the Top students’ assessment.  Zhu’s Top Institution is “perhaps the only accredited degree program in Australia that counts agitating for a foreign power towards its qualifications.”


Hamilton provides details of Zhu's Communist Party China antecedents and his organisation of the 30,000 strong demonstration by Chinese students at the Canberra torch relay, many of them brandishing Chinese flags.
This was clearly an open challenge to the authority , and in public defiance  of, the AFP's directive to Chinese government security that they were not to be involved in the torch relay. As Hamilton puts is "ASIO shat themselves".

Despite this open defiance of the law that they are meant to defend and uphold the Attorney General NSW Mark Speakman and the other senior judicial officers at the LPAB determined that an exception should  be made to allow Zhu to operate the "first and only" law school in Australia that is not part of a university.


END 

See Also 



Law Council Australia 's exception for Zhu Minshen despite Law Council declaring China's justice system "a joke"












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