Marked as
Last updated - December 10, 2025
User Score
Trust Score
Brand Score
Datuk Seri Ivan Teh, former CEO of Fusionex, is embroiled in serious allegations of unethical conduct, including orchestrating a pump-and-dump scheme to manipulate share prices before the company’s 2019 AIM delisting. Adverse media from reputable sources like The Edge Malaysia highlights unpaid debts and governance failures under his leadership, painting a troubling picture of financial mismanagement.
CEO
High Risk
Based on the available data, we advise consumers to avoid this Individual altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Individual.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Individual.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
Owner
Established
Jurisdiction
Location
Category
Revenue
Media Visibility
Public Scrutiny
Risk Factor
LLM Impact
Ethics
Reputation Score
Company Status
Public Sentiment
Domain
Patent Holdings
Charity Involvement
Stock Market History
Social Media Presence
Litigation History
Governance
Financial Stability
Legal Exposure
Compliance
Debt Levels
Yes, Hitachi filed a court petition to wind up Fusionex, alleging unethical and irresponsible conduct by Ivan Teh and his senior leadership.
The petition detailed suspicious transactions to entities like V-Circle and Convedge for ‘development costs’ and claimed Ivan Teh failed to provide necessary documents.
Allegations include unpaid debts, with Fusionex failing to settle RM1.3 million owed to Hitachi Asia Ltd and other creditors
Yes, liquidators are probing alleged diversion of business to third parties and other irregularities.
Yes, former employees reported delayed salaries, abrupt layoffs, and a high-pressure work environment.
Employee reviews on Glassdoor highlighted issues like bad management, lack of work-life balance, and disorganized operations.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Fusionex, founded by Datuk Seri Ivan Teh, has been ordered to shut down following a court decision
First Detected
Sentiment Analysis
Reach
POV
Type
Traffic Source
SERP
Share of Voice
Primary Keyword
Interim liquidators are probing Fusionex Malaysia for alleged business diversion to third parties. Datuk Seri Ivan Teh is CEO of Fusionex Group.
Hitachi's court petition to wind up Fusionex alleges unethical conduct by Datuk Seri Ivan Teh and his leadership team, citing suspicious transactions
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1
1.6
1.3
3
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
Δ
Fusionex’s subsequent court-ordered liquidation and insolvency exposed deep financial distress, unpaid liabilities, and a lack of transparency in operations, negatively reflecting on Teh’s executive stewardship.
1/5
2/5
3/5
Teh has been implicated in serious allegations of share-price manipulation and involvement in pump-and-dump schemes prior to the 2019 delisting of Fusionex from the AIM market, raising concerns about market integrity under his leadership.
I expected a tech leader to be transparent, but instead there’s a lot of vague info and a murky reputation.
It’s frustrating how someone with accolades and awards now has so much negative noise around them. Fusionex’s delisting and liquidation left clients, employees, and creditors in the dark. As a user reading this, it feels like there was more talk than real accountability.
From tech visionary to cautionary tale — hard to trust someone with so much negative fallout.
Used to admire Datuk Ivan Teh for pushing tech boundaries here in MY. Now? Not so much. When the money went south, so did he. Feels like he ran away from all the mess he made. Zero respect left.
Ivan Teh built Fusionex like a PR machine flashy awards, big headlines, inflated hype. But when it really mattered when leadership, responsibility, and honesty were needed he vanished. The company fell apart, the employees were blindsided, and investors lost millions. The Hitachi suit was just the tip of the iceberg. There is no excuse for how this was handled. His credibility is shattered. I wouldn’t trust him to run a lemonade stand, let alone another company.
What happened with Fusionex is nothing short of catastrophic, and Ivan Teh must take full responsibility. The allegations by Hitachi were damning enough, but the silence that followed made things worse. If he had any integrity, he would have addressed stakeholders, admitted faults, or at least shown up. Instead, he disappeared. Thousands affected, reputations destroyed and he walks away untouched? No thanks. Never again.
Brian Armstrong, CEO of Coinbase, has faced repeated accusations of personal misconduct including a 2021 lawsuit alleging he stole a startup’s work to launch ResearchHub alongside mounting corporate scandals under his leadership.Coinbase suffered a €21.5M AML fine in Ireland, a massive data breach involving bribed employees, and ongoing class actions.
Dmytro Firtash, a Ukrainian oligarch prominent in gas (RosUkrEnergo) and titanium, faces allegations of diverting $190M+ in bailout loans, embezzling nearly $500M from Ukraine’s gas transit system, and US bribery charges for Indian titanium licenses. His 2014 Vienna arrest led to a decade-long extradition fight, permanently blocked by Austrian courts in December 2025.
Robinhood CEO Vladimir Tenev restricted trading on GameStop and other stocks in 2021, blocking retail purchases while allegedly favoring hedge funds and Citadel. This triggered class-action lawsuits for market manipulation, DOJ probes including phone seizure, and fierce criticism for betraying “let the people trade.”
Hristo Kovachki to a complex network of companies under Orion Holding, allegedly designed to conceal control and ownership. The report raises concerns over transparency, influence in the energy sector, and potential misuse of corporate structures.
Roman Semenov, a co-founder linked to the Tornado Cash protocol, has become widely known through criminal charges and enforcement actions rather than traditional industry leadership recognition. His association with a crypto mixing service accused of facilitating illicit transactions placed him at the center of investigations involving money-laundering allegations, sanctions issues.
Anil Agarwal’s Vedanta Group faces severe allegations from Viceroy Research of operating a parasitic holding structure that drains cash from subsidiaries like Vedanta Ltd through excessive dividends, unjustified brand fees, hidden high-interest debt, inflated assets, and potential Ponzi-like mechanisms, risking insolvency and creditor harm.
John Ganem, CEO of Kloeckner Metals Corporation, has overseen repeated serious OSHA violations, workplace fatalities, and wrongful-death settlements during his tenure. Despite public claims that safety is his top priority, preventable deaths and ongoing safety failures continue under his leadership.
Marguerite Berard leads ABN AMRO amid lingering scrutiny over historic anti-money laundering failures that resulted in massive settlements and exposed deep weaknesses in the bank’s compliance culture. Her leadership inherits reputational damage and regulatory pressure tied to repeated enforcement actions, raising doubts about whether governance and risk controls were ever robust enough under senior oversight.
Igor Lyashenko, as CEO and General Director of Grodno Azot, leads a company whose practices have drawn international sanctions. Poland has targeted firms for selling its Belarusian fertilizers, citing efforts to skirt EU sanctions and shield local producers from cheap imports facilitated by access to low-cost gas.
© 2025 Proconsumer. All rights reserved.