Shameless Syed Zaid Albar had resigned and bowed out as chairman of SC in disgrace. Thanks God that today is his last day as chairman of SC.
AirAsia Ordered 400 Aircraft From Airbus
In July 2016 it was an international news in the airlines industry that AirAsia had placed a slew of order for airbuses to the tune of a few hundred from Airbus SE. To be precise, AirAsia ordered an additional 100 Airbus from its existing orders of 300! The then CEO of Airbus, John Leahy, and Tony Fernandes of AirAsia were ebullient on the said orders, HERE. Of course, Tony Ferenandes was then the star of the big airshow in Farnborough and other parts of the world. With such big orders, Tony was the super hero and admired by many in the airline industries throughout the world.
Airbus representatives and Kamaruddin Meranun of AirAsia were on a publicity blitz over the said orders and even had a well publicised signing ceremony held in Kuala Lumpur. At the material time, Tony Fernandes and Kamaruddin Meranun, the supremos of PN17 AirAsia, were the stars which no others airline executives in the world could emulate.
At that material time, little did the world know that the slew of orders for aircraft by AirAsia was a quid pro quo whereby AirAsia’s two criminals known as executives 1 and 2 had been paid been paid more than RM200 million in bribes by Airbus. Please read the UK Crown Court Judgement in “Now Everyone Can Defraud AirAsia Shareholders”.
It is unclear that out of the 400 Airbus ordered, how many have been delivered and how many remained outstanding.
Airbus Had Admitted In The UK Crown Court To Have Paid More Than RM200 Million To Two Criminals Executives 1 & 2 of PN17 AirAsia For Aircraft Orders
In late January 2020 the UK Crown Court had adjudged that two criminals known as executives 1 and 2 of PN 17 AirAsia had received bribes of more than RM200 million from Airbus in exchange of aircraft orders. Airbus had admitted in the UK Court of having paid the said bribes to the said two criminals in PN AirAsia. Airbus was penalised with a fine of £3 billion, HERE.
This Airbus Bribery Scandals were widely publicised internationally and in Malaysia.
If the RM200 million were to be refunded as a discount to AirAsia, the said RM200 million could have been utilised by AirAsia to pay out as dividends to its shareholders. Instead the said two criminal pocketed the RM200 mil as bribes.
The two criminals executives 1 and 2 of PN17 AirAsia had acted against the interest of AirAsia and ultimately its shareholders, which was a matter of great concern to both authorities Bursa Malaysia and SC.
Bursa Malaysia Launched An Investigation Into The Airbus Bribery Scandals But Was Immediately Stopped By SC Under The Watch Of Shameless Syed Zaid Albar
In early February 2020, Bursa Malaysia was the first to announce that it had commenced investigation into the said Airbus bribery scandals and followed by MACC, HERE.
The Security Commission (SC) under the watch of that shameless Syed Zaid Albar, the chairman of Security Commission, had followed suit. However, SC had the audacity to instruct Bursa Malaysia to stop its investigations. At that material time, it appeared to be in order as SC has more powers under the law to investigate and prosecute the said two criminals. Little did we know that it was not what we thought it should be. It was just a scheme to stop Bursa from proceeding with its investigation into the said Airbus bribery scandals.
After More Than 2 Years Shameless Syed Zaid Albar Had Continiued To Play Dumb On The Investigation Of Airbus Bribery Scandals
More than two years have elapsed, there was no sign of SC investigating the said RM200 million Airbus bribery scandals. Despite many calls for this shameless Syed Zaid Albar and/or SC to announce the results of the said investigation, that shameless fella chose to play dumb, a curious habit for a person holding high office. Human decay in this shameless Syed Zaid Albar is extremely noticeable. It is a case of “Harap Pagar, Pagar Makan Padi”!
Out of the blue on 28 April 2022 this shameless Syed Zaid Albar tendered his resignation two and half years prematurely and to take effect today (31 May 2022), HERE.
What a great relief for those upright officers in SC and Malaysia! It is good riddance to bad rubbish!
Datuk Wang Adek Hussin Will Take Over As The New Executive Chairman of SC On 1 June 2022
Left: Datuk Awang Adek Hussin, ex-Senator & Minister of Finance II, Tony Fernandes one of the supremo of PN17 AirAsia.
Datuk Awang Adek Hussin, the former Senator and Minister of Finance II, had been appointed by another Senator Tengku Zafrul, the Finance Minister, who was the former CEO of CIMB and Tune Money Sdn Bhd, which is an outfit of PN17 AirAsia, HERE.
Datuk Awang Adek will take office on 1 June 2022. Lets hope that Datuk Awang Adek has the guts to clean up SC by getting rid of the dead woods or the shameless Syed Zaid Albar’s “kuncu” / cronies for covering up the internationally known Airbus Bribery Scandals which involved the two criminals known as executives 1 and 2 of PN17 AirAsia who had been paid more than RM200 million bribes by Airbus.