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,.
After inking the secret MAS - AirAsia share swap agreement, they were all smiling at the rakyat! They look like a happy family. Don't they? From left: Datuk Kamarudin Meranun, Tan Sri Azman Mokhtar, Tan Sri Md Nor Md Yusof, Tan Sri Tony Fernandes
The sudden announcement of the secret MAS – Air Asia share swap was a repeat of the sale of the 70% of MAS Catering Sdn Bhd (MCSB) some eight years ago in 2003, aka“Golden Era” for the lucky few!. The said sale of MCSB was sealed during the time of DATO’ MD NOR bin MD YUSOF (as he then was), the then the Managing Director of MAS. He was also instrumental in the commissioning of BinaFikir Sdn Bhd to restructure MAS under the pretext of transforming MAS into an “asset light airline” under the project name “Widespread Assets Un-Bundling” aka “WAU”, in HERE. WAU! MAS definitely got lighter and lighter after being WAUed by the Bina dulu, tak Fikir langsung! Continue reading “Tan Sri Nor Yakop, Tan Sri Azman, Rashdan & Tan Sri Md Nor: Spare YAB PM, Please!”→