Dep MOF: SC and Bursa KL have commenced investigations into insider trading and non-announcement of the secret MAS – AirAsia share swap
Tag: KLSE
PAC to investigate into the secret MAS-AirAsia share swap
During the Committee Stage of the Budget Debate this evening (2-11-2011), yours truly had to bring up the secret MAS-AirAsia share swap again because the Minister of Finance II did not answer the points raised during the Budget Policy Debate. Yours truly also questioned the Public Account Committee (PAC) whether it will investigate the said share swap. YB Dato’ Hj Azmi Khalid (MP for Padang Besar) told Parliament that PAC has decided to investigate into the secret MAS-AirAsia share swap. He has also told Parliament that when PAC visited KLIA and LCCT yesterday, he saw that many Firefly AirAsia aircraft were grounded. This must be part of the so-called “Collaborative Frameworks” as announced on 9-8-2011 by Tan Sri Azman Mokhtar, the MD of Khazanah and a former business partner of En Mohamed Rashdan Yusof (the newly crowned Deputy CEO of MAS) in BinaFikir Sdn Bhd. Continue reading “PAC to investigate into the secret MAS-AirAsia share swap”
KLSE: Please investigate why no announcement when the “MAS-AirAsia” share swap was almost “MAS-AK”!
During the WAU exercise MAS, all the three famous personalities namely, Tan Sri Azman Mokhtar, Mohamed Rashdan Yusuf aka Danny (both from Binafikir Sdn Bhd, the super consultant company) and Tan Sri Dato Md Nor Md Yusof have played a very significant role. Tan Sri Md Nor Yusof, was the chairman of MAS then. A few days before the share swap, which was shrouded with utmost secrecy, Tan Sri Dato’ Md Nor Md Yusof was appointed the non-executive chairman of MAS. How co-incidental!
Continue reading “KLSE: Please investigate why no announcement when the “MAS-AirAsia” share swap was almost “MAS-AK”!”
SC should investigate whether there were insider trading on AirAsia’s shares
[Updates: As at 4 pm today (12-8-2011) the price of the AirAsia’s was traded at RM3.48. Prior to its suspension on 8-8-2011 the said share has hit an unprecedented high of about RM4.10 on Friday (5-8-2011 – 2 days before it was suspended from trading pending the formal announcement of the so-called share swap agreement being reached) only to be closed at RM3.95.
Ever since the lifting of the suspension of trading of AirAsia’s share, it has lost almost 50 Sen, equivalent to about 13%, as at 4 pm today. I believe that it will go down further in days to come. As I have said before, the AirAAsia share has been bullish since 21-7-2011.
I am certain that the whole transactions of the said AirAsia’s shares for the last few days were on the computer screen of the Security Commission and the record of which can be easily ascertain by the Security Commission. Food for thought for the Security Commission.]
Since 21-7-2011 AirAsia’s shares have been on the unprecedented upbeat hitting as high as RM4.16 per share, in HERE, and MAS registered a movement between the range of 40 Sen, in HERE. On Saturday the 6-8-2011,The Malaysian Insider, published a sources story with clinical accuracy and perfect timing, in HERE. On Friday, one day before that spot on sources story by the said Malaysian Insider, AirAsia’s share closed at RM3.95, in HERE, and MAS RM1.62. On Monday 8-8-2011 (2 days later) after the publication of that famous sources story both AirAsia and MAS were suspended from trading. How coincidental!
Continue reading “SC should investigate whether there were insider trading on AirAsia’s shares”
Questions Time: 10-03-2011 Sime Darby’s Forensic Report
Tuan Wee Choo Keong (Wangsa Maju) minta MENTERI KEWANGAN menyatakan sebab-sebab mengapa laporan forensik ke atas kerugian Sime Darby Bhd yang berjumlah melebihi RM2 billion yang telah disiapkan tetapi tidak dibentangkan di Parlimen seperti mana yang dijanjikan oleh Kerajaan di Parlimen bahawa Kerajaan akan membentangkan laporan tersebut apabila ia telah siap.
JAWAPAN: Continue reading “Questions Time: 10-03-2011 Sime Darby’s Forensic Report”
Wee Choo Keong 