Yours truly has been pressing YB Senator Datuk Donald Lim, the Deputy Minister of Finance to fulfill his promise to Parliament that he will provide the information as to how much MAS paid BinaFikir Sdn Bhd for the WAU Project in 2002.
From the above reply given by the said Deputy Minister, it was crystal clear that those little Napoleon in Khazanah Nasional Bhd and MAS are very powerful and they could deprive Parliament of information by hiding behind the Confidential Clause in the consultancy agreement, in HERE.
It was most ridiculous that the said little Napoleons in Khazanah and MAS were ale to dictate what information can or cannot be tabled in Parliament. In this case, they have decided that the consultancy fees of BinaFikir Sdn Bhd and the name list of the twelve companies involved in the fuel hedging that caused RM3.3 billion losses to MAS, in HERE, should be kept in secret.
Yours truly believes that the said BinfFikir‘s consultancy fees must be very BIG and the list of the twelve companies may implicate certain influential personalities. Hence, the cover-up under the guise of “Confidential Clause or Non Disclosure” Clause in the said agreements.
If it interests you to know, in January 2002, Tan Sri Md Nor Yusof was the MD of MAS and he appointed BinaFikir Sdn Bhd as MAS consultant – WAU restructuring (Corporate Finance Advisory, 2002), in HERE.
It was during WAU that 70% of MAS Catering Sdn Bhd was sold to Gubahan Saujana Sdn Bhd which was under the controlled of Datuk Hj Ibrahim bin Ahmad Badawi, the brother of former PM, in HERE.
A few months later, the name of MAS Catering Sdn Bhd was changed to LSG Sky Chef Brahim’s Sdn Bhd.
At that material time, Tan Sri Azman Mokhtar (Amok) and his most trusted crony, En Mohammed Rashdan Yusof aka Danny (Rashdan), who was embroiled in the scandal of upgrading his baby and maid to the First Class Cabin on 1-1-2012, were the founders of BinaFikir Sdn Bhd. In a short span of a few years during the reign of the former PM, YB Tun Abdullah Ahmad Badawi, BinaFikir Sdn Bhd Bhd has grown into a big and sought after consultant firm. Several big GLCs have appointed it as their consultant.
BinaFikir Sdn Bhd was incorporated in early January 2012 and below was their “great achievements”:
The BinaFikir‘s List of “Great Achievements” includes the 2005 Tenaga, Malakoff & Other- Power project bid, 2007 Strategic adviser to Government of Malaysia and Multimedia Development Corporation (MDeC) in relation to the Innovation Roadmap for the National Innovation System (Strategic Consulting), 2009 restructure of MAHB and others in HERE.
From 2002 until May 2004, Amok was the MD of BinaFikir Sdn Bhd. On 1 June 2004, Amok was appointed MD of Khazanah Nasional Bhd (Khazanah) by the then PM, YB Tun Abdullah Ahmad Badawi, in HERE.
When Amok was appointed as MD of Khazanah, his most trusted crony Rashdan was the head of BinaFikir Sdn Bhd until August 2008. On 27-8-2008 it was sold for RM8 million, in HERE.
On 17-5-2010 Amok’s most trusted crony Rashdan was parachuted into Khazanah and was appointed as the Executive Director of Investment, in HERE.
We will see for how long the little Napoleons in Khazanah and MAS could keep the consultancy fees paid to BinaFikir and the list of 12 companies involved in the fuel hedging losses of RM3.3 billion for MAS under wrap.
Since all the players during the WAU Project namely, Tan Sri Md Nor and Amok’s most trusted crony Rashdan, are now back in actions again in MAS, they should be brave enough to make public the BinaFikir’s consultancy fees for WAU and the list of the 12 companies involved in the fuel hedging. In any event, Amok is now the MD of Khazanah and he had full knowledge of all the facts pertaining to the above matters. Silence is no longer the option.
Yours truly has tabled several questions on the above matters for answer in the coming Parliamentary Session, which will commence on 12-6-2012. The Questions will be published in this Blog soon.