TS Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 2

The "Happy Family". They were so happy after the signing of the MAS-AirAsia share swap.
The iconic photo of the “Happy Family” of the MAS-AirAsia share swap. They were so happy after the signing of the MAS-AirAsia  share swap.

Updates @ 9:30 pm on 19-9-2013:  On 15-9-2011 The MD of Khazanah Tan Sri Azman Mokhtar has been quoted to have said that “The recently inked home jersey sponsorship with Barclay Premier club Queen Park Rangers is a good deal for the national carrier”. He also told newsman that “We think that we got a good deal to stand on its own commercially.  I think all the numbers are there, we just need to add value”.  Read HERE

Yours truly believe that at that material time many Malaysians also share the same thoughts as Tan Sri Azman Mokhtar, who is a known to be a corporate GURU in Malaysia.  Many have claimed that Tan Sri Azman Mokhtar through his BinaFikir‘s “WAU” had also saved MAS from the brink.  Please read below the events after 18-8-2011 where MAS was supposed to pay £3.2 million more than AirAsia for the said sponsorship and got less for it.  Was it a good deal after all?  

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In Part 1 of this article, it was clear that Khazanah, CIMB, MAS and AirAsia are fuilly aware of the provisions of the Competition Act 2010. MAS and AirAsia have sought the advice of the consultant, Bain & Co, on anti-trust laws/Competition Act 2011. Continue reading “TS Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 2”

TS Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 1

The Happy Family of the MAS-AirAsia share swap and the architects of the violation of the Competition Act.
The iconic photo of the “Happy Family” of the MAS-AirAsia share swap and  architects of the violation of the Competition Act. From 2nd left; Datuk Kamarudin Meranun, Tan Sri Azman Mokhtar, Tan Sri Md Nor Yusof, Tan Sri Tony Fernandes, the Khazanah Whiz Kid Mohamad Rashdan Yusuf aka Danny & Dato’ Sri Nazir Razak of CIMB

Updates @ 6:50 pm on 11-9-2013:  “The avenging goddesses eventually caught up with anyone who had outraged all decency by killing their father, marrying their mother or serving red wine with fish.” By Jonathan Guthrie of Financial Times, UK

Updates @ 6:10 pm on 10-9-2013: “Deloitte has been fined a record £14m for failing to manage conflicts of interest during its role as an adviser to collapsed British carmaker MG RoverOn Monday the Financial Reporting Council, which brought the case against Deloitte, said the outcome of an independent tribunal was a “strong vindication” for its six-year-long probe into Deloitte’s work for companies involved with the carmaker in the lead-up to MG Rover’s collapse.”

Deloitte was fined 14,000 Pound Sterling
The international accounting firm Deloitte was fined 14 million Pound Sterling by UK authority. Will we ever see our authorities taking the same actions here?

In the case of the MAS-AirAsia share swap, there were two advisors namely Dato’ Sri Nazir Razak and Bain & Co but it is unclear about their scope of appointment.  For full report of the fine imposed against Deloitte, please read HERE & HERE,.

Continue reading “TS Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 1”

15-3-2012 Questions TIme: Under AJ & Rashdan RM24.9m consultancy fees paid to date

Tan Sri Azman Mokhtar and his crony, Rashdan

Tuan Wee Choo Keong [Wangsa Maju] minta MENTERI KEWANGAN menyatakan berapakah jumlah kos Konsultan yang dibayar oleh Khazanah Nasional Continue reading “15-3-2012 Questions TIme: Under AJ & Rashdan RM24.9m consultancy fees paid to date”

Dr Wafi’s advice to all employees of MAS

Dr Wafi Nazrin Tan Sri Abdul Hamid, Head of Legal / Risk Department of MAS.

Dr Wafi Nazrin Tan Sri Abdul Hamid, the Head of Legal and Risk Department of MAS and an expert in competition law, has given a very good advice to the members staff of MAS on the MAS – AirAsia’s “Collaborative Frameworks”. Please read his e-mail and the reply from one of the MAS unions below. Read Here for related article. Continue reading “Dr Wafi’s advice to all employees of MAS”