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 RashdanYusuf aka Danny & Dato’ Sri Nazir Razak of CIMB
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 Rover. On 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.”
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,.
Updated @ 4:45 pm 8-12-2011 from Kuching: Please read these two interesting articles “Did Danny Yusof nailed BN’s Coffin in Selangor” by ABITW, in HEREand “Now everybody can get screwed” by BigDog in HERE.
Left - Rt: Dato' Kamarudin Meranun, Tan Sri Azman Mokhtar, Tan Sri Md Nor, Tan Sri Tony Fernandes, En Rashdan & Datuk Seri Nasir Tun Razak, CIMB CEO They were all members of a very happy family!