Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 4

"Now Everyone Are Not So Happy"
“Now Everyone In the Happy Family Could Not Smile” after  the MAS-AirAsia share swap was un-wound on 1-5-2012.

For Part 1, 2 and 3 of this topic please read HERE, HERE and HERE.

1-5-2012  The notorious MAS – AirAsia share swap was unwound by PM YAB Datuk Seri Najib, 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 4”

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”

Datuk Ibrahim Ahmad Badawi: “We want to work with MAS.”

Datuk Ibrahim bin Ahmad Badawi: “We want to work with MAS”.

On 26-10-2012 Datuk Hj Ibrahim bin Hj Ahmad Badawi, the brother of the former PM (YB Tun Abdullah Badawi) and also the Executive Chairman and majority shareholder of Brahim’s Holding Bhd (Brahim’s Holding) was quoted by the Star to have said: “We want to work with MAS.” For the full Star report read in HERE. Continue reading “Datuk Ibrahim Ahmad Badawi: “We want to work with MAS.””

MAS AGM tomorrow: Why Tan Sri Azman Yahya of SCOMI is not seeking re-election

Tan Sri Mohamed Azman Yahya, who is a director of MAS for many years dated back to the WAU days and also a director of SCOMI and Symphony House Bhd. Why is he not up for re-election?

Updates @ 9:05 pm on 21-6-2012: Tan Sri Wan Azmi binWan Hamzah steps down from MAS Board during the AGM. The other aviation experts like Tan Sri Azman Yahya, Tan Sri Tan Boon Seng of IJM, Dato’ Rohanan binti Rozhan from ASTRO and David Lau Nai Pek are holding on to their directorship even though they could not show what were their contributions for the past TEN MONTHS. Tan Sri Wan Azmi;s said decision should be applauded and a very responsible acts.

One would have thought that Tan Sri Azman Yahya is a very busy man with so many companies to take care of especially SCOMI. The four chose to remain for reasons best known to themselves. Will do another posting soon about those remaining.

 

Updates @ 12:50 pm on 21-6-2012: The minority shareholders were questioning the competent and integrity of members of the Board of directors of MAS. They have also expressed their discontent with regards to their performance. From 10: 10 am this morning until now, the Board was still facing heavy criticisms from the shareholders. They could not even proceed to pass Resolution 1 to approve the Financial Statement let alone their Re-elections. The Board have been subjected to severe embarrassment. Yours truly has been informed that Tan Sri Azman Mokhtar’s most trusted crony, Rashdan, did not attend the AGM. 

Yours truly must apologies for not been able to attend because your truly question on the BinaFikir‘s consultancy fees and the 12 companies involved in the fuel hedging losses for RM3.3 billion for Parliament was No: 4 on the list. It was answered at 10: 30 am this morning. It will be posted here later.

After the MAS-AirAsia share swap, the brainchild of the little Napoleons in Khazanah Nasional Bhd, MAS will now hold its AGM on 21-6-2012 at 10:00 am, MAS Academy. Continue reading “MAS AGM tomorrow: Why Tan Sri Azman Yahya of SCOMI is not seeking re-election”

Questions Time 19-06-2012: Non-Disclosure clause in the BinaFikir’s consultancy agreement on WAU

Jawapan Lisan 19-6-2012

Tuan Wee Choo Keong (Wangsa Maju) minta Menteri Kewangan menyatakan apakah sudah menjadi polisi tetap “standing order” di Kementerian untuk semua GLC dan/atau anak-anak syarikat seperti MAS yang berada di bawah kawalan Khazanah Nasional Bhd (Khazanah) apabila melantik firma konsultan atau syarikat-syarikat bagi perkhidmatan projek-projek tertentu, maka perjanjian untuk melantik firma-firma konsultan atau mana-mana syarikat wajib mengadakan klausa “SULIT” atau NON-DISCLOSURE” terhadap fi dan/atau nama firma penasihat dan/atau mana-mana syarikat tidak boleh didedahkan kepada Parlimen (contoh fi konsultan dibayar oleh MAS kepada BinaFikir Sdn. Bhd. untuk projek WAU dengan jumlah wang sebanyak RM200 juta dan nama-nama melibatkan 12 syarikat-syarikat terlibat dengan kerugian RM3.3 bilion “fuel hedging” untuk MAS? Continue reading “Questions Time 19-06-2012: Non-Disclosure clause in the BinaFikir’s consultancy agreement on WAU”