Warning To The reckless FinTech/Digital Microloan Gurus! – Part 2 (RM200 mil Airbus Bribery Scandals May Be A Criteria for Digital Banking Licence!)

The Three Gurus Are Suffering From Wilful Blindness!

AsiaMoney report 12 April, 2022 entitled BigPay: A capital idea for AirAsia pioneer” by Eric Ellis.

People wouldn’t have to give up their child away or their dog to get a mortgage can now get a loan in less than 3 minute based on information that is more relevant to them than all the financial information, said Tony Fernandes.

“Fernandes is hoping that BigPay and its 200-strong team will prove the tonic that restores group finances. BigPay‘s mission, he say, “is to become a leading challenger bank across Southeast Asia. We have established ourselves in Malaysia as one of the leading provides of digital banking services, and we want to expand our product sets, along with the growing model to new markets”.

“Other investors in BigPay include Malaysian government’s Malaysian Industrial Development Finance and IKhlas Capital, the private equity house controlled by regional luminaries such as CIMB’s former boss, Nazir Razak, and Indonesian businessman – politician Gita Wirjawan“.

The above quotes taken from the article with specific reference to AirAsia and its Fintech arm called BigPay. For the full article read HERE.

Tony Fernandes had painted a very rosy picture of BigPay in the said AsiaMoney report. For a start in its financial report filed with SSM /Companies Commission of Malaysia showed BigPay’s accumulated losses is RM59.062. The said report is reproduced below.

“Get Loan Quick Schemes / Microloans”

In a nutshell, Fintech in general is all about “Get Loan Quick Scheme” or “Buy Now Pay Later Schemes” in a matter of a few minutes as declared by Tony Fernandes of PN17 AirAsia in the above AsiaMoney’s article.

It must be noted that in Malaysia there are no laws to regulate such schemes! It was only recently that BNM, SC and MoF are discussing to put in place the “Consumer Credit Act“.

Yours truly is supportive of any “Get Loan Quick Schemes” made available to the public as long as public interests are protected at all time. Surely, Malaysians do not want to see the “Sublime Mortgage Bubble Burst” under the guise of “Get Mortgage Quick Scheme” like in America where many Americans and financial institutions like Lehman Brothers had gone burst, HERE.

Malaysians had the unfortunate experience of witnessing the burst of the infamous “Get Rich Quick Scheme / Skim Cepat Kaya” and the miseries suffered by many Rakyat, who had lost their lifesavings and burdened with debts. B40 and students are very vulnerable to such schemes and easily fall for such “Get Loan Quick Schemes”, “Skim Cepat Kaya” or “Buy Now Pay Later” in order to make quick profits, acquire things, which are not necessities or finance their lifestyles and thereafter burden with debts. The authorities especially Bank Negara Malaysia (BNM), Security Commission (SC) and Ministry of Finance (MoF) do not seem to learn from history. It is sad for our nation!

As the saying goes, “those who cannot remember the past are condemned to repeat it”! We must not allow the “little napoleons” in BNM, SC and MoF to put Malaysians to untold miseries! The Rakyat pay for their salaries and perks to look after our wellbeing and not to put our nation/Rakyat in miseries and despairs.

Good Governance In BNM, SC & MoF Must Prevail

We must insist on proper governance in its approvals power for any form of licence relating to “Get Loan Quick Schemes” or “Buy Now Pay Later” and/or selecting companies for the five Digital Banking Licences based on qualifications as enshrined in BNM’s SOP and not other “special relationship”. Good governance dictates that the Governor of BNM, Tan Sri Nor Shamsiah Binti Mohd Yunus, will stand up for BNM as our central bank and ultimately the Rakyat.

With the above backdrop, we shall discuss further the issue of good governance in BNM, SC and MoF, more appropriately the best un-elected Minister of Finance of all times, Tengku Zafrul Aziz, in wanting to dish out Digital Banking Licences and endorsement of Fintech/Microloans at will. Let’s hope that common sense shall prevail in BNM, SC and MoF at the end of the day. Let’s have the laws to control the schemes first before anything else!

BigPay, The Related Company Or Subsidiary Of AirAsia Group

BigPay is a related company or subsidiary to PN17 AirAsia (AA). It has been reported in the media and as announced by AA’s supremo, Tony Fernandes, that BigPay and its partners, MIDF and Ikhlas Capital,which is controlled by none other than the joker and former boss of CIMB, Nazir Razak, had applied for Digital Banking Licence from BNM.

Executives 1 & 2 Of PN17 AirAsia Were Featured In the Massive International Airbus Bribery Scandals – Airbus Paid RM200 Million To Both

In late January 2020, the UK Serious Fraud Office had brought several corruption charges against Airbus for paying many hundred of million ringgit of BRIBES to many airline heads namely Sri Lanka Air, Garuda and Airasia/AirAsia X. Airbus had admitted to the bribery scandals involving the said airlines and UK Crown Court had imposed a fine of £3.5 billion, HERE.

Count No: 1 In The Written judgment of The UK Crown Court on The Bribery Scandals

An excerpt of the UK Crown Judgement for the benefit of the three Fintech Gurus in Malaysia

Of course Malaysia’s 2 criminals or conmen of PN17 AirAsia top of the list in the Airbus bribery scandals. Should we be proud of 2 criminals / conmen for putting Malaysia in the world map for the said bribery scandal?

From Count No 1, it was clear that the bribes of RM200 mil was paid by Airbus to the 2 criminals / conmen known as AirAsia’s executives 1 & 2 where both of them were rewarded for order of 180 aircraft! Such bribes should have been handed over to AirAsia and AirAsia X for the benefits of their respective shareholders! But they kept for the bribes for themselves for their Sport team. This was how the 2 criminals / conmen had treated the rakyat / investing public! Surely, this was a serious issue for SC to probe but it was not to be as can seen later.

Indonesian Authorities Prosecuted & Jailed Garuda’s Former CEO, Emirsyah Satar

Soon after the UK Crown Court’s judgement, Indonesian authority prosecuted the former CEO of Garuda, Emirsyah Satar, and he was found guilty of accepting bribes totally about RM5 million ($1.4 million) only from Rolls Royce for order of aircraft. He was prosecuted in Indonesia and sentenced to 8 years jail, HERE. Unlike in Malaysia, these two criminals / conmen PN17 AirAsia’s executives 1 and 2 who received RM200 million from Airbus for order of aircraft and they are still running amok in our corporate scene and/or condoned and/or protected!

The Opposite Happened For Malaysian SC – Cover-UP?

When this bribery scandals broke out internationally, Bursa Malaysia was the first to launch an investigation into the said Airbus bribery scandals into the said 2 criminals of AA. SC followed suit and instructed Bursa Malaysia to stop the investigations as it was also investigating it, HERE.

After More Than Two Years – SC Is Still Sleeping On Investigations

More than 2 years have elapsed, SC under the watch of Datuk Syed Zaid Albar has not announced the result of its investigation into the said Airbus Bribery Scandals involving the said 2 criminals / conmen from AA. SC’s silence on this investigation is deafening! The shameless Syed Zaid Albar until this day dares not even to announce that its investigation is still on-going because he knew SC and himself will be laughing stock! Indonesia took a few months to prosecute the the former CEO of Garuda and put him in jail for 8 years in a matter of a few months. Whereas after more than 2 years all is well with the said 2 criminals / conmen. Please read HERE.

For full details of the UK Crown’s Written Judgement, read HERE.

We can only hope that by now these three fintech Gurus and/or their respective Tingkat 4 advisors are now appraised of the above Count No 1 against the two criminal / conman known as executives 1 and 2 of PN17 AirAsia in the said UK Crown Court’s Written Judgement and act accordingly.

If the three fintech Gurus are still not convince about the background facts and chose to wear blinkers in the evaluation of the status or qualifications of the applicants for Digital Banking Licence, please read further.

The Sole Shareholder of BigPay Is A Foreign Company, Big Pay Pte Ltd!

On 30.12.2005, TPAAY Asia Sdn Bhd was incorporated. On 4.4.2017 it subsequently changed its name to BigPay Malaysia Sdn Bhd (BigPay). Its current directors are Datuk Kamarudin Meranun (executive chairman of AirAsia Group Bhd), Ms Aireen Omar (as CEO of AirAsia). According to the SSM search as at 14.3.2022, BigPay’s financial statement showed that it had a recorded losses to the tune of RM59,062,000.00! BigPay is a loss making company. It must be noted that BigPay’s sole shareholder is a foreign company, Big Pay Pte Ltd (with no company registration number) holding 393,000,154 shares. We can only guess that it is a Singapore based company.

If it interest to know, kamarudin Meranun is also a known expert in “insider trading“! But he was fine RM3.5 million by SC for share tradings during the height of the scandalous “MAS – AirAsia Shares Swap / SUAP”!

Big Pay Later Sdn Bhd (BigPay Later) was incorporated on 20.7.2020. Its current directors are Ms Aireen Omar and Mr Omar-Slaim Dhanani, a Singaporean with its residential address at 65 Tiong Poh Road, unit 01-26, 160065 Singapore. Its sole shareholder is also a foreign company, BigPay Pte Ltd (with no company registration number) holding 2,00,000 shares.

The common directors in both BigPay and BigPay Later are Ms Aireen Omar, who is a household name in AirAsia and president of AirAsia Digital (formerly known as RedBeat Ventures), and Mr Omar-Slaim Dhanani, a Singaporean. The common shareholder of both companies is a foreign company Big Pay Pte Ltd.

As at this date there is no financial statement of BigPay Later Sdn Bhd filed with SSM.

It is unclear whether BNM has a policy that any company applying for Banking Licences of any kind must be 100% Malaysian owned or at least 50%. BNM seems to be very secretive about the qualification of the 29 applicants for Digital Banking Licence. Be that as it may, lets hope that BNM Governor will not allow herself to be led by the nose by the Tingkat 4 high ranking officers and/or the power that be

Yours truly hopes that the BNM Governor Tan Sri Nor Shamsiah and SC chairman Syed Zaid Albar will now be appraised of the above facts mainly AA is under PN17 and the 2 criminals / conman known as executives 1 and 2 of AA and AAX were embroiled in the Airbus bribery scandals. If not, both will be laughing stocks and more importantly they will bring BNM and SC into disrepute!

To be continued.

Stay Tuned – Next Change Part 3 (The joker Nazir Razak’s connection!).

“Budak Tingkat 4” Arę Running Amok!

Yours truly’s speech in Parliament

Updated on 23.4.2022.

Just as we thought that both Tan Sri Nor Yakcop, the then Minister in the Prime Minister Department, and Tan Sri Zarinah Anwar, the then Security Commission Chairman, had disappeared from the scene so were the “Budak Tingkat 4”, it is now transpired that there are many “Budak Tingkat 4” aka “4th Floor Boys” are back running amok in the GLCs, Security Commission, BANK NEGARA MALAYSIA and etc. It seems that there is one Tingkat 4 connected to the Minister too.

There is an unseen hand in putting in place the “Budak Tingkat 4” in the GLCs, government agencies and a Minister. This unseen hand, who had retired from politics for some years, is still very powerful and very much in play these days. He is still powerful to put in place the Budak Tingkat 4 in GLCs and several appointment in government. This retired politician is a household name in Malaysian politics 20 years. Rumour has it that he is still holding court several times a month with the Budak Tingkat 4 in an eatery in Damanasara Kim. May be planning all the appointments and doing deals!

It is an open secret that the “Budak Tingkat 4” were running very high and were then roaming the corridor of power with impunity! At that material time, even God feared them! “Tahu sama Tahu” who are the “Budak Tingkat 4” and they know it themselves.

The Famous Tan Sri Azman Mokhtar & Tan Sri Azman Yahya, The Governance Guru In BNM

Picture above: Tan Sri Azman Mokhtar and Rashdan (aka Danny) was the founder of BinaFikir Sdn Bhd, a consulting firm, which was incorporated in January 2002. Soon after it was incorporated, BinaFikir was appointed by MAS / Khazanah to restructure MAS. At that material time Tan Sri Noor Mohamed Yaakop was the then super powerful Minister of Finance 2. After the appointment of BinaFikir, in 2002 Azman / Rashdan aka Danny (co founder of BinaFikir) coined the term ”WAU” (Widespread Assets Un-Bundling). Under WAU, MAS was on a sale of strategic assets spree under the pretext of generating fund for MAS! Read HERE for details.

Thereafter in 2004, TS Azman Mokhtar was appointed as MD of Khazanah Holdings, HERE. Presumably TS Noor Yaakop was instrumental in the appointment. He held on to the post in Khazanah for far too long (2004 – 2018 – 14 years). During his reign in Khazanah there was embroiled numerous controversies.

Out of the blue, in December 2021, Azman Mokhtar has been appointed Chairman of Tabung Haji, read in HERE. Of course, there is no other more qualified person than Azman Mokhtar!!

Azman and Rashdan became the hero of the industry during the reign of Tingkat 4 / Badawi Adminjistraion.

In March 2020 TS Azman Yahya (in the above picture next the TS Azman Mokhtar) was appointed as a board member of BANK NEGARA. He was also handpicked to be the Chairman of Board of Governance in Bank Negara, a powerful position. During the Noor Yaakop and Azman Mokhtar days in Khazanah, Azman Yahya the Governance Guru was appointed to head Danaharta, which was embroiled with controversies too. Azman Yahya’s long list of appointments in government agencies and public listed companies are listed Bloomberg report in HERE. Presumably all these companies must be performing very well!

Perhaps the prerequisite of a person to be appointed to high position in BNM or other government agencies that oversee evaluation and approval for licences for licences or permits in BNM or government agencies, is one must be embroiled in controversies or some form of scandals!!

During the height of the scandalous MAS-AirAsia Share Swap (SUAP), which was the brainchild of Azman Mokhtar of Khazanah and another financial genius Nazir Razak (ex-CEO of CIMB Bank and now head of Bank Pembangunan and Danajamin), the said “GOVERNANCE GURU” Azman Yahya was appointed as a board member of MAS, HERE & HERE. Of course, the Governance Guru has no clue about aviation industry except to do … . Tau sama tau la!

The said WAU and the MAS-AirAsia Share SUAP were totally failed projects as there were hatched in a wanton manner by several Budak Tingkat or its group with certain agendas, which are best known to them. It was a case, “Bina tak Fikir” Project!

Azman Yahya is a famous man whose name surfaced every where – even in a private property disputes between Kamaluddin Abdullah and Naza. Please read in HERE.

The Woman of The World, Datuk Rohana Rozhan, the Tim Leissner’s Playmate!

It was at the same time as Azman Yahya that famous and powerful Datuk Rohana Rozhan, ex CEO of ASTRO, was also appointed to the board of MAS. It was revealed in New York Court by Tim Leissner of Goldman Sach that he was then having “Fun” with Rohana for many years and she had blackmailed him to buy her a house worth £10 million in London in exchange for not exposing him of his involvement in the 1MDB scandals, HERE. This was the professional standard of an editor of a news agency then. Lets hope that now most if not all the editors of newspapers and news portal are professional.

These “Budak Tingkat 4” and/or their cronies are very powerful and influential who were and are holding high positions in the country administration including Bank Negara Malaysia.

BANK NEGARA, The Nation Central Bank

We can only hope that the Governor of our Central Bank (Bank Negara Malaysia), Tan Sri Nor Shamsiah, will put protecting the image, integrity of BANK NEGARA and more importantly PUBLIC INTERESTS well above the desires of someone in the evaluation of which 5 companies of the 29 are really qualified to be awarded with the Digital Banking Licence and/or Buy Now Pay Later Scheme (BNPL). For the background of Digital Banking Licence please read in HERE.

It must be noted that if Digital Banking Licence /BNPL are in the wrong hand, it can only spell disaster for the financial market in Malaysia and bring untold miseries to the Rakyat!

As we all know that currently there are no rules or laws to regulate the operations of Fintech, Digital Banking Licence and/or BNPL. BANK NEGARA in a statement last week had admitted that BNM, SC and Ministry of Finance are NOW ONLY discussing about putting in place a new law called Consumer Credit Act to regulate the operations of Digital Banking Licensee and/or BNP, HERE. Can you all imagine this is happening in Malaysia! It is a case of “Closing the stable door after the horse has bolted”!

As it were there are many Rakyat have voiced out their concerns with easy approval to get loans many folds above the applicants’ salary for the BNPL Scheme. It seems it is getting out of control! Don’t tell us that BANK NEGARA Governor and her Tingkat 4 officers are oblivious to all the postings in Socmed!

Image and Integrity of BNM and Protecting Public Interests are of Utmost Importance

For the sake of our beloved Malaysia and the Rakya, we trust that the Governor Tan Sri Nor Shamsiah will strictly adhere to the stringent procedures and rules that have been put in place in BANK NEGARA and that she will not be pushed around to do someone bidding in the approval of Digital Banking Licence and/or BNPL licence or permit.

We also trust that BNM under the watch of Tan Sri Nor Shamsiah will not reduce itself to that of Security Commission under the watch of shameless Datuk Syed Zaid Albar, HERE. Don’t be one of the many “BINA tak FIKIR” gang!

We can only hope that Governor of BNM and others in BNM will be mindful of the unseen hand and the manipulations of “Budak Tingkat 4” and gang. Please be mindful that the Rakyat are watching closely in what BNM is or will be doing on the Digital Banking Licence and/or BNPL.

Stay Tuned.

Tony Fernandes: “I Got MAS Under My Armpit!”

Tony Fernandes, the No 1 in AirAsia. He was embroiled in the Airbus bribery scandal where Airbus had admitted in the court of UK that it had paid RM205 million to AirAsia executives 1 & 2.

The “KEY PLAYERS” in the MAS – AirAsia Share “SUAP”. Left: Azran Osman-Rani, former CEO of AAX, the famous Kamarudin Meranun (caught for insider trading), Azman Mokhtar aka Amokh (the then MD of Khazanah & “Bina Tak Fikir” boy), Mohd Noor (the then MAS chairman), Tony Fernandes (the famous CEO of AA – wanted for money laundering in India), Rashdan aka Danny (the other “Bina tak Fikir” boy and appointed as top officer of MAS by Amokh) and the equally famous Nazir Razak (former Chairman of CIMB & brother of Dato’ Najib [former Premier)

The excerpt of the speech of yours truly in Parliament on 20 June 2012 on how MAS was Raped, the ‘Anakkonda” and about the then “Bina Tak Fikir” morons in Khazanah.

Tuan Yang di-Pertua, saya juga ingin membangkitkan di sini di mana penyataan- penyataan untuk jawab lisan yang kita bentangkan di Parlimen, boleh dikatakan kebanyakan soalan-soalan Ahli-ahli Parlimen yang dibentangkan di Dewan yang mulia ini, soalan kita mengenai dengan isu (a) tetapi kementerian menjawab isu yang lain. Tidak jawab dengan terus-terang. Belok sini, belok sana. Putar belit. Inikah kerajaan kita sekarang? Saya harap kementerian ambil beratlah khasnya Kementerian Kewangan. Timbalan Menteri ada di sini. Soalan mengenai Bina Fikir Sdn. Bhd, satu firma konsultan. Memanglah dia dulu dimiliki oleh Tan Sri Azman Mokhtar, Ketua Khazanah sekarang dan juga Mohammed Rashdan Mohd Yusof. Timbalan Group CEO di MAS. Jadi dia tidak berani hendak memberitahu konsultan CV. Katanya kerahsiaan. Non disclosure. Rahsia apa?

Yang Berhormat Timbalan Menteri pun sudah tahu. Rakan Yang Berhormat Timbalan Menteri pun tahu. Buat janji di dalam Dewan ini kata hendak beritahu. Janji di dalam Parlimen hendak beritahu kos konsultasi fi ini berapa untuk projek WAU untuk MAS pada tahun 2003? Akan tetapi sampai sesi Parlimen hari ini, masih tidak mampu hendak maklum kepada Dewan. Akan tetapi adalah saya dengar-dengar ada sumber kata finya adalah RM1.67 juta sahaja. Itu autalah. Itu mana boleh terima. Itu semua satu kekeliruan, satu pembohongan. Konsultasi fi itu memang mereka pecahkan masuk komisen dan sebagainya. Yang satu tahunya konsultasi fi Bina Fikir

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pada masa itu adalah 20% daripada semua dana MAS pada masa itu. Berbilion-bilion ringgit dana MAS pada masa itu termasuk kapal terbang, termasuk LSG, MAS Catering, semua ini.

Jadi, janganlah hendak bohong lagi. Jangan buat pura-pura tidak tahu dan saya juga hendak bangkitkan di sini bahawa baru-baru ini kita boleh nampak soal MAS dengan AirAsia share swap ini, saya tidak mahu bangkitkan sudah di sini tetapi saya tengoklah saham ini atau share swap ini telah direverse oleh Yang Amat Berhormat Perdana Menteri. Terima kasihlah ambil tindakan yang baik sekali tetapi syarikat MAS telah dijejaskan oleh share swap ini. Kita boleh baca dalam surat khabar baru-baru ini kelmarin dan dua tiga hari dahulu di mana Tan Sri Tony Fernandes, CEO AirAsia menyatakan “kalau share swap itu dilangsungkan dan diteruskan, dia dan rakannya, Datuk Kamaruddin Meranun ini boleh membaik pulihkan MAS dan boleh menyelamatkan MAS, turn around MAS”. This is the joke of century.  Satu untuk bahan ketawa padahalnya share swap ini untuk mereka cannibalize harta-harta MAS.

Kita boleh nampak. Selepas share swap apa berlaku? Yang pertama, tindakan apa? Hancurkan FireFly Jet Services. Berhentikan jet services supaya FireFly tidak boleh terbang daripada Johor Bahru ke Kota Kinabalu, ke Kuching dan ke antarabangsa sedangkan FireFly telah membeli kalau tidak salah lima atau enam jet untuk bersaing kepada semua airline termasuk AirAsia tetapi FireFly telah diancam.

Apakah Tan Sri Tony Fernandes ini bercakap selepas share swap itu ditandatangani oleh rakan dia, Tan Sri Azman  Mokhtar, Ketua Khazanah? Selepas itu, “I got MAS under my armpit”, dengan izin. Wah, angkuh tidak? Penyamun negara ini, perompak negara ini boleh cakap begitu dan banyak lagi. Letakkan anak buah dia, Rozman Omar sebagai CFO MAS, Azhari Dahlan sebagai MAS Engineering.

Dato’ Haji Tajuddin Abdul Rahman [Pasir Salak]: [Bangun]

Tuan Wee Choo Keong [Wangsa Maju]: Rakan saya Yang Berhormat Pasir Salak, saya tahu dia sokong AirAsia, dia sokong Tan Sri Fernandez. Silakan Yang Berhormat Pasir Salak.

Dato’ Haji Tajuddin Abdul Rahman [Pasir Salak]: Terima kasih Yang Berhormat Wangsa Maju dan juga terima kasih Tuan Yang di-Pertua. Saya memang sokong AirAsia dahulu sebab dia memperlihatkan satu kebolehan seorang berbangsa Malaysia, seorang usahawan dari no way dan entah daripada mana-mana boleh menjayakan satu perusahaan yang begitu berjaya sekali dalam bidang industri penerbangan. Harapan saya dia akan menjadi contoh yang baik kepada usahawan-usahawan yang lain.

Akan tetapi kebelakangan ini saya merasa agak dukacita melihatkan perubahan dari sikap beliau yang menunjukkan keangkuhannya apabila saya mendengar kenyataan yang dibuat oleh beliau di kaca televisyen mengugut kerajaan berhubung dengan Terminal LCCT. Dia dengan begitu berani sekali dan begitu lantang sekali menyatakan beliau tidak akan bekerjasama dengan Malaysia Airport Berhad sebagai pemaju LCCT dan mendakwa bahawa beliau tidak dirundingi

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untuk projek ini dijayakan. Itu satu perkara. Dia ingat ini perkara kecil kah? LCCT ini dengan izin,

involve a lot of money, billion of ringgit. He can’t just say like that, “Go to hell with LCCT”. Who is he? Dengan izin. Itu satu.

Keduanya, sedikit lagi, dia juga membuat kenyataan katanya dia hendak membuka dia punya pusat, hab dia di Jakarta, Indonesia. Ini memberikan mesej bahawa dengan izin, he’s leaving Kuala Lumpur, he’s leaving Malaysia. Why? He wants to be Indonesian citizen? What? Dengan izin, where he come from? From a club, musical club, musician out of no way. Now became somebody. Sudah tidak sedar diri? Inilah dianya. Jadi saya tidak sokong lagilah.

Nombor dua, last sekali Yang Berhormat, I think we can urge the government, kita boleh mengesyorkan kepada kerajaan…

Timbalan Yang di-Pertua [Datuk Dr. Wan Junaidi bin Tuanku Jaafar]: Yang Berhormat Wangsa Maju, masa 20 minit Yang Berhormat ya.

Dato’ Haji Tajuddin Abdul Rahman [Pasir Salak]: Mengesyorkan kepada kerajaan – How about you? You agree or not Yang Berhormat Wangsa Maju? Let give one more license, beri satu lagi lesen kepada satu syarikat yang boleh mengendalikan penerbangan tambang murah ini. Dia ingat dia seorang sahajakah yang boleh buat? Orang lain pun boleh.

Tuan Wee Choo Keong [Wangsa Maju]: Terima kasih Yang Berhormat Pasir Salak.

Dato’ Dr. Mohamad Shahrum Osman [Lipis]: Sedikit sahaja Yang Berhormat Wangsa Maju. Lipis.

Tuan Wee Choo Keong [Wangsa Maju]: Pertama kali saya boleh bersetuju dengan Yang Berhormat Pasir Salak. He is a convert. Terima kasihlah…

Dato’ Dr. Mohamad Shahrum Osman [Lipis]: Yang Berhormat Wangsa Maju, Lipis sedikit sahaja.

Tuan Wee Choo Keong [Wangsa Maju]: Memang saya setuju dengan Yang Berhormat Pasir Salak di mana kerajaan perlu keluar satu lesen lagi supaya biar ada satu lagi persaingan dalam low cost carrier ini. Apa Yang Berhormat Pasir Salak cakap beliau setuju kerana usahawan Malaysia Tony Fernandez ini, my foot usahawan Malaysia ini, dia dapat jadi satu syarikat daripada dua kapal terbang – dia sentiasa cakap besar, omong kosong bahawa dia daripada dua kapal terbang akhirnya jadi 100. Kerana apa? Kerana dapat bantuan daripada kerajaan. Bukan oleh kerana dia sendiri.

Dato’ Dr. Mohamad Shahrum Osman [Lipis]: Okey, Lipis.

Tuan Wee Choo Keong [Wangsa Maju]: Seperti RAS. No, kerana tidak ada masa.

Dato’ Dr. Mohamad Shahrum Osman [Lipis]: Sedikit sahaja, hendak tanya ini.

Tuan Wee Choo Keong [Wangsa Maju]: Rural Air Services. Dia ambil daripada MAS pada tahun 1997. Kerajaan kasi juga. Terus memberi RM250 juta kepada mereka untuk dua tahun. Dalam setahun sudah lingkup, sudah banyak masalah di Sabah dan Sarawak. Sahabat-

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sahabat di Sabah dan Sarawak di sini pun tahu. Sampai Ahli Parlimen pun bangkit dalam Parlimen di sini termasuk Tuan Yang di-Pertua saya difahamkan.

Dato’ Dr. Mohamad Shahrum Osman [Lipis]: Tidak bagi ya?

Tuan Wee Choo Keong [Wangsa Maju]: Yang Berhormat Kota Belud mungkin tidak adalah. Dia ada sahabat karib dia di atas itu, kawan dia.

Datuk Abd. Rahman Dahlan [Kota Belud]: [Bangun]

Tuan Wee Choo Keong [Wangsa Maju]: Maaf Yang Berhormat Kita Belud sebab tidak ada masa. RM250 juta dikasi. Dalam setahun, berhenti. Tujuh kapal terbang sudah rosak dan satu untuk cannibalization, dia punya specialize Tony Fernandes ini, untuk cabut spare part untuk baiki kapal terbang. Inikah seorang usahawan Malaysia? What rubbish. Semuanya hype dalam surat khabar, memainkan dalam surat khabar.

Baru-baru ini cakap KLIA2. Siapa yang minta KLIA2? KLIA2 ini diminta oleh Tan Sri Tony Fernandez dan Jerry, AirAsia, dan kerajaan rela buat. Jangan kata LCCT. LCCT buat tiga kali. Pertama kali RM125 juta. Kedua RM100 juta lebih juga renovation. Ketiga kali, semua lebih daripada RM300 juta. LCCT seperti warehouse ini oleh Syarikat Fajar Baru daripada Rembau. Itu terlampau mahal. RM300 juta untuk LCCT.

Sekarang kerajaan rela bantu pula bina KLIA2 untuk AirAsia tetapi dia tidak cukup duit. RM3 bilion kalau tidak salah, atau pun amat besar. Sebentar dia hendak aero bridge, sebentar dia tidak mahu aero bridge. Sebentar dia hendak ini, dia hendak itu. Di mana lagi di dunia ini kerajaan sentiasa mematuhi, hendak menurut? Saya harap sudah sampai masa di mana kerajaan kita jangan tunduk kepala lagi. Kalau mereka hendak pergi ke Jakarta, silakan. Please go as soon as possible supaya kita tidak ada masalah dalam negara kita lagi oleh penyamun ini, penyamun negara, perompak negara ini. Dahulu seperti ular lidi sahaja. Dapat bantuan, jadi ular sawa. Putar belit, boleh telan. Sekarang saya dengar…

Datuk Bung Moktar bin Radin [Kinabatangan]: Dia jadi naga sekarang.

Tuan Wee Choo Keong [Wangsa Maju]: Saya dengar sekarang sudah jadi anakonda. Sekarang kita kena ambil tindakan. Semua airport tax yang di hutang oleh AirAsia ambil tindakan. Bayar dengan segera. Kalau tidak, berhentikan semua kemudahan untuk mereka atau pun stop semua. Mereka tidak boleh land dalam Malaysia. Sila pergi ke Jakarta. Saya hendak tengok, hendak lihat di Jakarta sama ada beliau boleh dapat kemudahan di mana AirAsia boleh berhutang airport tax RM125 juta pada sesuatu masa untuk berpuluh-puluh tahun.

Ever since his debt in this corporation dan selepas itu bayar dapat 30% diskaun. Itu kerana apa, kerana bantuan. Pada masa itulah daripada 2003 itu sampai 2009, itulah pada masa itu dapat banyak bantuan daripada kerajaan Yang Amat Berhormat Tun Abdullah dan juga bukannya dapat dana RM250 juta sahaja. Kerajaan pada masa itu juga keluarkan satu dasar yang baru. Apa, air rationalization policy.

DR 20.6.2012 80

Dato’ Abd. Rahman Dahlan [Kota Belud]: 15 saat Yang Berhormat.

Timbalan Yang di-Pertua [Datuk Dr. Wan Junaidi bin Tuanku Jaafar]: Yang Berhormat ada satu minit Yang Berhormat.

Timbalan Yang di-Pertua [Datuk Dr. Wan Junaidi bin Tuanku Jaafar]: Yang Berhormat Kota Belud, saya ingat tak payahlah itu Yang Berhormat Kota Belud. Satu minit.

Tuan Wee Choo Keong [Wangsa Maju]: Dan pada masa itu, bawah air rationalization policy ini, 90 route daripada MAS diberi kepada AirAsia. Sebab itulah jadi boleh cakap besar, omong besar sekarang seperti seorang anakonda. Ini bukan saya cakap, mereka yang cakap. Kawan-kawan saya yang cakap dan kedua, sekarang kerajaan kita jadi hamba kepada dia. Apa ini? Apa kerajaan ini? Kerajaan kita kena cakap dengan dia, kalau you hendak you pindah kepada KLIA2 kalau tidak kita akan tutup LCCT pada masa yang sesuai. Dia hendak atau tidak itu masalah mereka dan yang penting sekarang, MAB jangan jadi takut kepada Air Asia. Jangan sebagai seorang anak tiri, sebab sekarang kerajaan pun tak sama.

Timbalan Yang di-Pertua [Datuk Dr. Wan Junaidi bin Tuanku Jaafar]: Yang Berhormat, masa dah habis Yang Berhormat. Masa dah habis.

Tuan Wee Choo Keong [Wangsa Maju]: Ya, saya gulung dalam beberapa saat Tuan Yang di-Pertua. Saya harap kementerian khasnya Kementerian Kewangan ambil tindakan dengan segera terhadap perkara ini. Jangan jadi dianaktirikan oleh satu syarikat kucing kurap ini. Business modelnya yang sentiasa bohong. Dia gunakan banyak surat khabar memainkan berita sahaja. Ini tak sihat. Kita hendak genuine businessman dalam negara kita. Kerajaan perlu bantu genuine businessman bukan seorang anakonda ini. Saya harap ambil tindakan dengan segera dan juga MAB jangan takut. Kalau mereka tak bayar apa-apa cukai ataupun apa-apa kemudahan di LCCT atau KLIA II yang akan datang, ambil tindakan.

Timbalan Yang di-Pertua [Datuk Dr. Wan Junaidi bin Tuanku Jaafar]: Baik, Yang Berhormat.

Tuan Wee Choo Keong [Wangsa Maju]: Berhentikan semua kemudahan kalau dia tidak bayar.

Timbalan Yang di-Pertua [Datuk Dr. Wan Junaidi bin Tuanku Jaafar]: Yang Berhormat Wangsa Maju, masa dah habis ya.

Tuan Wee Choo Keong [Wangsa Maju]: Terima kasih Tuan Yang di-Pertua.

Dato’ Haji Tajuddin Abdul Rahman [Pasir Salak]: Tuan Yang di-Pertua.

Timbalan Yang di-Pertua [Datuk Dr. Wan Junaidi bin Tuanku Jaafar]: Semua. Ular lidi, ular sawa, ular anakonda semua dah kena marah Yang Berhormat, tak apalah.

Tuan Wee Choo Keong [Wangsa Maju]: No, ini memang betul pun Tuan Yang di-Pertua.

For the full speech 20 June 2012 (original posting), HERE. The article on Airbus bribery scandal:  Now Everyone Can Bribe Directors of AirAsia

Please read the related articles in HERE & HERE.

Now Everyone Can Bribe Directors of AirAsia & AirAsia X!

On 31 January 2020 the Learned UK Crown Court Judge, Dame Victoria Sharp P, delivered a damning Judgement / Verdict in a case between the Director of Serious Fraud Office of UK and Airbus SE for giving bribes to directors and employees of AirAsia and AirAsia X of Malaysia and others.

In her judgment, Dame Victoria Sharp said: The seriousness of the criminality in this case hardly needs to be spelled out. As is acknowledged on all sides, it was grave.”  “The number of countries subject to intense criminal investigation by the various agencies, and the scale and scope of the wrongdoing disclosed in the Statement of Facts demonstrate that bribery was to the extent indicated, endemic in two core business areas within Airbus,” she added

The said judgment arose from an application asking the UK Crown Court for approval to defer prosecution agreement reached between the UK Serious Fraud Office (SFO) and Airbus SE. In the said Judgement Airbus has to pay Euro 990,963,713 into the Consolidated Fund through SFO.  Yours truly has incorporated below the full writtenJudgment for those who would want to read it.

Backgrounds – AirAsia / Tony Fernandes Was On Shopping Spree

Captain Loke, our shameless Malaysia Minister of Transport, was seen in public together with his buddy Tan Sri Tony Ferndandes recently. They must be discussing about how the outbreak of the deadly Coronavirus in Wuhan!

On 23 June 2011 the buddy of our Minister of Transport, Anthony Loke aka “Captain Anthony Loke”, Tan Sri Tony Fernandes of AirAsia proudly announced AirAsia purchased 200 A320 neo aircraft from Airbus, this was a record deal in history, HERE.  Of course,  AirAsia had been deferring deliveries of some of the ordered aircrafts.

On 19 July 2018 Tan Sri Tony Fernandes, the CEO of AirAsia Group, had again announced that AirAsia had purchased another 100 aircraft from Airbus so that AirAsia X could fly out from Malaysia to London and other European cities like Vienna and Prague, HERE.  In 2020 we are still waiting for AirAsia X to fly to London, Vienna and Prague but no sign at all.

According to the above press reports, within 3 years AirAsia had bought a total 300 aircraft from Airbus.  According to the said Grounds of Judgment AirAsia had bought 406 aircraft!

No other airlines in the world could match AirAsia when purchasing aircraft is concerned.  AirAsia X has been making losses and yet it was able to buy new aircraft. Malaysia boleh!

Count No: 1 of The Charges Against Airbus & Connected To Directors/Staffs of AirAsia & AirAsia X

Airbus had admitted to many counts of payments of bribe to directors of companies and government official. Each of the counts on the Indictment concerns similar conduct, the detail of which can be found in the Statement of Facts.  In brief, persons associated with Airbus, not exclusively its employees, offered very substantial sums of money by way of bribes to third parties in order to secure the purchase of aircraft, by civil airline companies, in counts 1 to 4; and by the Government of Ghana, in count 5.

Malaysia is of course top of the list of charges. The two directors and staffs of AirAsia and AirAsia X have made us famous overnight!  We should be proud of the said two directors AirAsia and AirAsia X, who have been identified as AirAsia executives 1 and 2!

In Paragraphs 39 and 40 of the said Judgement, the Learned Judge had stated the following:

Count 1:     Malaysia

Paragraph 39 of the Grounds of Judgment

The first count alleges that contrary to section 7 of the Bribery Act 2010, between 1 July 2011 and 1 June 2015, Airbus SE failed to prevent persons associated with Airbus SE from bribing others concerned with the purchase of aircraft by AirAsia and AirAsia X airlines from Airbus, namely directors and/or employees of AirAsia airlines where the said bribery was intended to obtain or retain business or advantage in the conduct of business for Airbus SE.

Para 40

Para 40 AirAsia and AirAsia X are two major airlines in Southeast Asia, headquartered in Malaysia and were significant customers of Airbus at the time of the offences. Between October 2005 and November 2014, AirAsia and AirAsia X ordered 406 aircraft from Airbus, including 180 aircraft secured during the indictment period by way of improper payment (made by EADS France SAS, later Airbus Group SAS), and the offer of a further improper payment. The improper payment consisted of $50 million (and Airbus employees also offered but did not pay an additional $55 Million) paid to directors and/or employees of AirAsia and AirAsia X airlines as sponsorship for a sports team. The sports team was jointly owned by AirAsia Executive 1 and AirAsia Executive 2 but was legally unrelated to AirAsia and AirAsia X. The additional improper payment was prevented by the October 2014 freeze on payments to BPs described at para 29 above.”

The Directors Of AirAsia and AirAsia X

Director of AirAsia: 3rd from left: Datuk Kamarudin Meranun 5th from left: Datuk Abdul Aziz bin Abu Bakar & 6th from left:Tan Sri Tony Fernandes

AirAsia X – Board of Directors

1.  Tan Sri Rafidah Aziz (senior Independent Non-Executive Chairman

2.  Datuk Kamarudin Mernanun (Non-Independent Non-Executive Director)

3.  Tan Sri Tony Fernandes (Non Independent Non-Executive Director)

4.   Dato’ Yusri Mohamed Yused Yusof (Independent Non-Executive Dirtector)

5.   Lim Kian Onn (Non-Independent Non-executive Director)

6.   Tan Sri Asmat Kamarudin (Independent Non-Executive Director

7.   Dato’ Fam Lee Ee (Non-Independent Non-Executive Director) (MCA Youth)

AirAsia Bhd – Board of Directors 

1.  Datuk Kamarudin Meranun (Non-Independent Non-Independent  Executive Chairman)

2.  Tan Sri Tony Fernandes (Non Independent Executive Director & Group CEO)

3. Dato’ Abdel Aziz @ Abdul Aziz bin Abu Bakar (Non-Independent Non-Executive Director)

4.  Dato’ Mohded Khadar (independent Non-Executive Director and Chairman of Audit Committee

5.  Dato’ Fam Lee Ee (Independent Non-Executive Director) (MCA Youth)

6.  Mr Stuart L Dean (Independent Non-Executive Director).

7.  Noor Neelofa Mohd Noor (Independent Non-Executive Director)

Historical Facts On The Two Top Brass of AirAsia:  Tony Fernandes & Kamarudin Meranun

1.   Tony Fernandes Was Probed By Indian Authorities On Allegations of Bribery To Obtain Flying Licence

Left to Right:  Datuk Kamruddin Meranun, Captain Loke the Minister of Transport and good buddy of Tony Fernandes and Tan Sri Tony Fernandes

On 29 May 2018 it has been reported by Reuters that Indian police said they have filed a case against AirAsia group Bhd, the airlines C EO Tony Fernandes  and its domestic entity ion India over allegations of corruption and breaking rules in obtaining a flying licence. The Central Bureau of Investigation (CBI) accused the airline, some of its employees and third parties of violating India’s foreign direct investment rules while obtaining the license, and of bribing government officials in an attempt to get regulations relaxed to allow AirAsia India to fly international routes.

In its complaint, the CBI said the airline, Tony Fernandes and others “chose to beat the legal frameworks and policies of the aviation sector of India” and lobbied government officials “to secure mandatory approvals, some of them through non-transparent means”.  Please read HERE.

On 16 January 2020. it has been reported in  Business Today of India that AirAsia Group Bhd’s Tony Fernandes has been summoned by Enforcement Directorate (ED) In India for questioning regarding irregularities of funds and even criminal misconduct by AirAsia when it was lobbying for its operational licences in India, HERE.

It is not known whether to date Tony Fernandes the Group CEO of AirAsia had submitted himself for the said investigation.

2.   Datuk Kamarudin Meranun Was Involved In Insider Trading  During MAS-AirAsia Share “SUAP”

Datuk Kamarudin Meranun proudly showing his  MAS credential during the infamous MAS-AirAsia shares “SUAP”.

In 2011 Datuk Kamarudin Meranun was believed to have made some huge trading profits out of the proposed “MAS-AirAsia share SUAP” deal between the substantial shareholders of then MAS and AirAsia Group Bhd. It was an insider trading, HERE.

As a result of the finding of the said insider trading by  the Security Commission, Datuk Kamarudin Meranun, the Executive Chairman of AirAsia Group, had to enter into a settlement with the Security Commission and paid RM3.64 million for acquiring 5.66 million MAS shares between 1-5 August 2011, HERE.

The said share “SUAP” was engineered by the morons in Khazanah under the former MD of Khazanah, Tan Sri Azman Mokhtar, and it was announced on  7 August 2011,HERE.

In September 2019, the morons in Khazanah were up to their old tricks this time it was trying to merge MAS with the ailing AirAsia X, which had been making huge losses for some years, HERE.

Recently we have also heard that the morons in Khazanah were trying to again “handover” MAS on a silver platter to AIrAsia. Thank God that there was immense public pressures against the said disposal and it has gone quiet at least for now.  Knowing the backgrounds of the said morons in Khazanah they will strike again. We must closely watch them.

Who Are the AirAsia Executives 1 & 2?

AirAsia changed the livery on its aircraft to BN’s GE 14th Campaign slogan, “Hebatkan Negaraku”. Left:  Datuk Kamarudin Meranun (in white shirt), (the non-independent Executive Chairman of AirAsia Group). Centre: Najib. Extreme right: Tony Fernandes (in black shirt)(the Group CEO of AirAsia).  Please guess who were the AirAsia Executives 1 or 2.

Who were the AirAsia Executive 1 and AirAsia Executive 2 ?  Yours truly believes that all of you know who they were!  It is an open secret. If by chance you do not know, please make a guess and you will no doubt hit the bull eye.

Over To Puan Latheefa Koya  / MACC / SPRM

The arrest and detention of Dato’ Dr Siew Ka Wei (Ancom Bhd executive chairman) and Elizabeth Ken, the CEO of Geeko Tech Sdn Bhd and media specialist of Redberry Media Group, which is another outfit of Siew ka Wei. Redberry is connected to Ancom Bhd.

MACC/SPRM should be interested to examine thoroughly the Grounds of Judgment and take the necessary actions. Thereafter, SPRM / MACC can always NFA (No further Action) it after a few months like what it had done on several high profile cases. Rumour has it that the scandalous ‘Speedy Gonzales” Geeko RM100 million deal involving Dato’ Siew Ka Wei, who is the executive chairman of Ancom Bhd, and Elizabeth Ken, the Redberry Media Specialist, had been classified as “NFA” (No Further Action). Please read HERE.

$50 million Paid To the Directors Of AirAsia As “sponsorship” Of the Sport Team, Which Was Jointly Owned By the Executive 1 & 2 But Legally Unrelated To AirAsia & AirAsia X!

Count No: 1 at para 40 of the Grounds of Judgment

… The improper payment consisted of $50 million (and Airbus employees also offered but did not pay an additional $55 Million) paid to directors and/or employees of AirAsia and AirAsia X airlines as sponsorship for a sports team. The sports team was jointly owned by AirAsia Executive 1 and AirAsia Executive 2 but was legally unrelated to AirAsia and AirAsia X. The additional improper payment was prevented by the October 2014 freeze on payments to BPs described at para 29 above.

Was the “Sport Team” referred to in part of Count 1 above  was the Caterham F1 Team?  If it is.  According to Wikipedia: The Caterham F1 was a Malaysian, later British owned Formula One team based in the UK. which raced under a Malaysian licence.  The Caterham brand competed in the Formula One World Championship in. 2012 – 2014, following the acquisition of British sport car manufacturer Caterham Cars by former owner and team principal  Tony Fernandes, forming the Caterham Group, HERE.

During the happy time in Caterham

(L to R): Riad Asmat (the son of Tan Sri Asmat – director of AA) of AirAsia (MAL) Caterham F1 Chief Executive Officer with Datuk Kamarudin Meranum of AirAsia (MAL) Caterham F1 Shareholder; Mike Gascoyne (GBR) Caterham Group Chief Technical Office; and Tony Fernandes of AirAsia  (MAL) Caterham Team Principal at a Caterham F1 Team Photograph.
25.03.2012. Formula 1 World Championship, Rd 2, Malaysian Grand Prix, Sepang, Malaysia.

Tony Fernandes Sold Caterham To A Swiss Group

In October 2014 Tony Fernandes announced then the sale of Caterham. Please see the Guardian report entitled “F1 team Caterham threaten former owner Tony Fernandes with legal action“.  According to the UK Guardian Newspapers report, Tony Fernandes spent £250 million on the organisation and then sold it. Please also read Paul Tan’s posting, HERE.

Lets wait for the Airbus scandal to unfold a little bit more then we will get a clearer picture on the scandal.  For now we hope that the AirAsia Executive 1 or 2 will come out to clarify what had been stated in the said Grounds of Judgment.

Over to Security Commission & Bursas KL (KLSE)

The $50 million (equivalent RM204 million) bribe paid by Airbus to the AirAsia Executives 1 and 2 should be treated as income for airAsia and AirAsia X.  However, according to paragraph  39 of the said Grounds of Judgment the RM205 million was paid under the scheme of “sponsorship” to  a sport team which was unrelated to AirAsia or AirAsia X. In short the RM205 million was paid to the personal company of AirAsia executives 1 and 2.

No doubt this RM204 million that was received from Airbus was not reported in the respective Annual Accounts of AirAsia Bhd and AirAsia X Bhd. If the RM204 million was reported it would have changed the respective Annual Accounts of AirAsia X drastically.

In the best interest of the investing public, the Security Commission (Suruhanjaya Sekuriti) and Bursa KL are duty bound to launch an immediate investigation into the receipt of the said bribe of RM204 million by AirAsia executives 1 and 2.

The Full Grounds of Judgment / Verdict Of UK Crown Court 

If you don’t want to read the whole judgment, please proceed to paragraphs 39 – 40 at page 10 – 11 for the payments made to the directors and employees of AirAsia and AirAsia X.


Grounds of Judgment page 2


Grounds of Judgment page 3


Grounds of Judgment – page 4


Grounds of Judgment – page 5


Grounds of Judgment – page 6


Grounds of Judgment – page 7


Grounds of Judgment – page 8


Grounds of Judgment – page 9


Grounds of Judgment – page 10


Grounds of Judgment – page 11


Grounds of Judgment – page 12


Grounds of Judgment – page 13


Grounds of Judgment – page 14


Grounds of Judgment – page 15


Grounds of Judgment – page 16


Ground of Judgment – page 17


Grounds of Judgment – page 18


Grounds of Judgment – page 19


Ground of Judgment – page 20


Grounds of Judgment – page 21


Grounds of Judgment – page 22


Grounds of Judgment – page 23


Grounds of Judgment – page 24


Grounds of Judgment – page 25


Grounds of Judgment – page 26


Grounds of Judgment – page 27


Grounds of Judgment – page 28


Grounds of Judgment – page 29


Grounds of Judgment – page 30


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”