I bought a small lot of Transformers awhile ago on ebay and it finally came and this was among them has anyone seen this before? Its like a bootleg blaster but it is a radio (the electronics still work also)
Zartan's got it nailed on the head... check out the link to the picture here for the American KO release, it's in the same colors as the one you have!
nice find, its a pretty nice figure w/ light up megatron head and good quality plastic. the weird thing about that is the taiwan "knockoff" was released in '85 BEFORE the south american version so the hasbro international radio-robot was originally a bootleg.