To help Mr Mueller’s Grand Scheme to “Collaborate with AirAsia – Part 2

The babies are also collaborating!
The little napoleons in Khazanah love COLLABORATION/CCF so are the babies!

 

In PART 1 we stopped at the sorry state of Rural Air Service (RAS) and Fly Asian Express Sdn Bhd (now AirAsia X) where six aircraft were grounded due to un-airworthiness and another one was cannibalised for spare parts, and how MAS was left to pickup the pieces thereafter. Continue reading “To help Mr Mueller’s Grand Scheme to “Collaborate with AirAsia – Part 2”

Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 3

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 the architects of the violation of the Competition Act.

On 8-8-2011 the MAS-AirAsia share swap was inked by Tan Sri Azman Mokhtar, the MD of Khazanah, and Tan Sri Tony Fernandes of AirAsia. The the Advisor of the said share swap was none other than Dato’ Seri Nazir Razak of CIMB.   On 6-9-2013 both MAS and AirAsia were fined RM10 million each for “collaborating to integrate some routes in which they had  earlier competed” under the said share swap.  Part 1 was about the inking of the said MAS -AirAsia share swap with the advice from Datuk Seri Nazir Razak / CIMB and Bain & Co, HERE and Part 2 was the chronology of events after the said share swap before the appointment of AJ as  Group CEO of MAS, HERE.   Continue reading “Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 3”

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”

The highhandedness of the TRIO & their inaction over RM31 million debt against AAX

The notorious TRIO

Below is the email from a reader which should be a posting by itself to show the style of the top management of MAS under the TRIO namely Tan Sri Md Nor Yusof (Chairman of MAS) (Md Nor), En Ahmad Jauhari Yahya (AJ) (Group CEO of MAS) and En Mohammed Rashdan Yusof aka Danny (Rashdan) (Deputy Group CEO of MAS). Continue reading “The highhandedness of the TRIO & their inaction over RM31 million debt against AAX”