TBI Kuningan’s Mystery Fee

Look at Screen Dumps #19 and #20 and you will find one section which says ‘management services’. It looks quite innocent and innocuous but it it may be the single biggest smoking gun of dodgy accounting practices on the whole tax-evading scam of an income statement. You see the deduction made for these management services…

Cammy’s Thoughts on Interview #56

I just read Sean’s interview with the TBI Bekasi teacher. I wanted to add a few thoughts about the teacher’s comments. 1) TBI franchise schools are not supposed to do price increases in September, so the teacher is absolutely right to wonder whether Binsar has done this with official approval. Price increases are only supposed…

TBI Semarang 2008-2012 RIP

We can now confirm that TBI Semarang has shut its doors and gone bankrupt. This is the second TBI school which has closed down within the last two months, exposing the current management mafia as inept, clueless and directionless. It is a particular slap in the face for Luke Preece, who campaigned ruthlessly in 2010…