Syed Zaid Albar Left SC In Disgrace – Good Riddance To BAD RUBBISH!

Shameless Syed Zaid Albar had resigned and bowed out as chairman of SC in disgrace. Thanks God that today is his last day as chairman of SC.

AirAsia Ordered 400 Aircraft From Airbus

In July 2016 it was an international news in the airlines industry that AirAsia had placed a slew of order for airbuses to the tune of a few hundred from Airbus SE. To be precise, AirAsia ordered an additional 100 Airbus from its existing orders of 300! The then CEO of Airbus, John Leahy, and Tony Fernandes of AirAsia were ebullient on the said orders, HERE. Of course, Tony Ferenandes was then the star of the big airshow in Farnborough and other parts of the world. With such big orders, Tony was the super hero and admired by many in the airline industries throughout the world.

Airbus representatives and Kamaruddin Meranun of AirAsia were on a publicity blitz over the said orders and even had a well publicised signing ceremony held in Kuala Lumpur. At the material time, Tony Fernandes and Kamaruddin Meranun, the supremos of PN17 AirAsia, were the stars which no others airline executives in the world could emulate.

At that material time, little did the world know that the slew of orders for aircraft by AirAsia was a quid pro quo whereby AirAsia’s two criminals known as executives 1 and 2 had been paid been paid more than RM200 million in bribes by Airbus. Please read the UK Crown Court Judgement in “Now Everyone Can Defraud AirAsia Shareholders”.

It is unclear that out of the 400 Airbus ordered, how many have been delivered and how many remained outstanding.

Airbus Had Admitted In The UK Crown Court To Have Paid More Than RM200 Million To Two Criminals Executives 1 & 2 of PN17 AirAsia For Aircraft Orders

In late January 2020 the UK Crown Court had adjudged that two criminals known as executives 1 and 2 of PN 17 AirAsia had received bribes of more than RM200 million from Airbus in exchange of aircraft orders. Airbus had admitted in the UK Court of having paid the said bribes to the said two criminals in PN AirAsia. Airbus was penalised with a fine of £3 billion, HERE.

This Airbus Bribery Scandals were widely publicised internationally and in Malaysia.

If the RM200 million were to be refunded as a discount to AirAsia, the said RM200 million could have been utilised by AirAsia to pay out as dividends to its shareholders. Instead the said two criminal pocketed the RM200 mil as bribes.

The two criminals executives 1 and 2 of PN17 AirAsia had acted against the interest of AirAsia and ultimately its shareholders, which was a matter of great concern to both authorities Bursa Malaysia and SC.

Bursa Malaysia Launched An Investigation Into The Airbus Bribery Scandals But Was Immediately Stopped By SC Under The Watch Of Shameless Syed Zaid Albar

In early February 2020, Bursa Malaysia was the first to announce that it had commenced investigation into the said Airbus bribery scandals and followed by MACC, HERE.

The Security Commission (SC) under the watch of that shameless Syed Zaid Albar, the chairman of Security Commission, had followed suit. However, SC had the audacity to instruct Bursa Malaysia to stop its investigations. At that material time, it appeared to be in order as SC has more powers under the law to investigate and prosecute the said two criminals. Little did we know that it was not what we thought it should be. It was just a scheme to stop Bursa from proceeding with its investigation into the said Airbus bribery scandals.

After More Than 2 Years Shameless Syed Zaid Albar Had Continiued To Play Dumb On The Investigation Of Airbus Bribery Scandals

More than two years have elapsed, there was no sign of SC investigating the said RM200 million Airbus bribery scandals. Despite many calls for this shameless Syed Zaid Albar and/or SC to announce the results of the said investigation, that shameless fella chose to play dumb, a curious habit for a person holding high office. Human decay in this shameless Syed Zaid Albar is extremely noticeable. It is a case of “Harap Pagar, Pagar Makan Padi”!

Out of the blue on 28 April 2022 this shameless Syed Zaid Albar tendered his resignation two and half years prematurely and to take effect today (31 May 2022), HERE.

What a great relief for those upright officers in SC and Malaysia! It is good riddance to bad rubbish!

Datuk Wang Adek Hussin Will Take Over As The New Executive Chairman of SC On 1 June 2022

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Left: Datuk Awang Adek Hussin, ex-Senator & Minister of Finance II, Tony Fernandes one of the supremo of PN17 AirAsia.

Datuk Awang Adek Hussin, the former Senator and Minister of Finance II, had been appointed by another Senator Tengku Zafrul, the Finance Minister, who was the former CEO of CIMB and Tune Money Sdn Bhd, which is an outfit of PN17 AirAsia, HERE.

Datuk Awang Adek will take office on 1 June 2022. Lets hope that Datuk Awang Adek has the guts to clean up SC by getting rid of the dead woods or the shameless Syed Zaid Albar’s “kuncu” / cronies for covering up the internationally known Airbus Bribery Scandals which involved the two criminals known as executives 1 and 2 of PN17 AirAsia who had been paid more than RM200 million bribes by Airbus.

Stay Tuned

Warning To The Reckless Fintech / Microloan Gurus! – Part 3 (Tony Fernandes & Others in PN17 AirAsia Wanted For Money Laundering & Criminal Misconducts In India!)

Updates @ 1:15 pm 22.4.2022

Fernandes & Kamarudin Meranun Were Involved In Caterham F1 Motorsport

During the happy days with Caterham FI motor Sport Team! Left to right: Kamarudin Meranun & 3rd from left: Tony Fernandes. Both are still the supremos of AirASIA & AirAsia X. Their celebrations in Caterham F1 motorsport team was short lived!
The GOOD OLD DAYS! Left to Right: Tony Fernandes, No: 1 man in PN17 AirAsia & reported in the press being wanted for money laundering and criminal misconducts in India. Extreme Right: Tan Sri Rafidah Aziz, the former Minister of International Trade & Industry Malaysia & current Chairman of AirAsia X. Rafidah was the director of AAX, who launched the so-called “Travel Pass“, just a week before the imposition of the MCO in March 2020!

According to Reuters report on 7.5.2015:

Caterham, founded by Malaysia AirAsia airline entrepreneur Tony Fernandes as Lotus Racing in 2010, failed to score a point in five seasons in Formula One and went into administration with 200 staff made redundant last October, HERE.

In April 2021 Caterham’s owners Tony Fernandes and Kamarudin Meranun, the famous two supremos of PN17 of AirAsia, suddenly sold it to VT Holdings for reason best known to themselves. Please read: “Tony Fernandes & Kamarudin Meranun Sell Caterham – Price Not Disclosed “.

Airbus RM200 Million Bribery Scandals Charge No: 1Clearly Incriminated AirAsia & AirAsia X Execs 1 & 2

The above is the charge stated in the UK Crown Court’s Written Judgement on the huge internationally known Airbus Bribery Scandals of all times!

The said Count 1 clearly identified the 2 Criminals / Conmen Executives 1 and 2 of PN17 AirAsia / AirAsia X being paid RM200 million Bribes by Airbus for orders of 182 aircraft. After more than 2 years Malaysia Security Commission (SC) under the watch of the shameless Syed Zaid Albar of SC took NO ACTION. This is what a dysfunctional SC is all about! It is an expert in covering up for big boys / ‘friends” but fast to prosecute the ordinary Rakyat with no connection! This is typical of the Malaysia Boleh!

Count 10 Against Former CEO of Garuda, Indonesia

In another UK Crown Court Written Judgment on the Rolls Royce‘s Bribery Scandals.

In another internationally known Rolls Royce Bribery Scandal involved the former CEO of Garuda, Emirshah Satar, who received a mere $293,000.00 from Rolls Royce was prosecuted and sentenced to 8 years jail. In Malaysia, the said 2 criminals / conmen of AA and AAX are not only protected but put on the pedestal by Bank Negara Malaysia, Security Commission and the un-elected Minister of Finance, Tengku Zafrul. This shows the dysfunctional system of good governance and enforcement in Malaysia. Please read the full UK Crown Court Judgment to understand how the Crown Court came to the decision.

If one compare the above Charge No: 1 in the Airbus case and Charge No: 10 in Rolls Royce’s Bribery Scandals, it is as obvious as tomorrow sun will rise that the Airbus Bribery Scandal connected to executives 1 and 2 of PN17 AirAsia and AirAsia X are many times more serious! Yet our authorities in Malaysia like BNM, SC and the un-elected Minister / Ministry of Finance “BUAT TAK TAU” (playing dumb) to the serious offences committed by the said 2 criminals / conmen of PN AirAsia, who have been adjudged in the UK Crown Court. It appears that the TRIO are not only condoning but openly protecting the 2 criminals.

Tony Fernandes & Kamarudin Meranun – Top Executives of AA & AAX Are Also Playing Dumb

Left to Right: 2nd from left Tony Fernandes of AirAsia, 3rd Airbus CEO Guilazume Faury & 4th Kamaruddin Meranun of AirAsia applauding the order of aircraft form Airbus – Picture taken during the exchange of documents after signing Aircraft Purchase Agreement in Kula Lumpur on 30 August 2019. (Photo: Shutterstock)

On or about 30 January 2020 the Airbus Bribery Scandal broke out in UK. A few days later, both Tony Fernandes and Kamarudin Meranun had denied all allegations as stated in the UK Crown Court Written Judgement on the said AIRBUS Bribery Scandals. It was a natural responds. AirAsia board of director had set up a so-called investigation into the bribery scandals and found nothing of interests as expected. Of course, both of them were given a clean bill of health!

However, until this date, both of them are still playing dumb on the identities of these 2 criminals / conmen known as executives 1 and 2 of PN17 AirAsia and AirAsia X as stated in the said Written Judgement.

Tony Fernandes Was Wanted In India For Alleged Money Laundering Charges & Criminal Misconducts

In May 2018 it was reported that Tony Fernandes / AIrAsia had been accused to have paid $5 million bribes to Indian government official to obtain flying permits, HERE.

“AirAsia has been accused of bribing government officials for overseas flight permits and violating rules preventing foreign airlines from controlling Indian operators”. Tony Fernandes is one of the 3 official wanted in India. He had ignored 2 previous summons. A full press report in India, HERE.

Please read the Asian Aviation report dated 4.2.2020 entitled : “AirAsia Fernandes airline’s chairman, caught in Airbus Corruption Investigation” (CEO and chairman step down temporarily and deny all allegations as probes continue in Malaysia, Britain and India.)

This is not the only legal jeopardy in which Fernandes is ensnared. Regulators in India have demanded he appear for the country’s Directorate of Enforcement to answer charges that the airline tried to strong-arm the government and the directorate has filed money laundering charges against AirAsia officials. The charges were originally filed in May 2018 and said AirAsia officials tried to manipulate government policies through corrupt means to get an international licence for its Indian venture, AirAsia India. This is the excerpt from the Asian Aviation report. For the full report please read HERE.

The Edge Market had also reported on 17.1.2020 that Tony Fernandes was wanted by the Enforcement Directorate (ED) in India to answer the alleged money laundering.

The Business Today business fortnightly said on its website that both the ED and the Central Bureau of Investigation had in 2018 launched their respective probes in alleged financial irregularities and criminal misconduct when the airline was lobbying to obtain its licence for its Indian operations.

“Along with Fernandes, AirAsia group president Tharumalingam Kanagalingam, also known as Bo Lingam, and businessman Arun Bhatia, who held substantial equity in the airline, have also been summoned. Senior group executive S Ramadorai, as well as former CEOs Naresh Alagan and have also been asked by the agency to join the probe,” the portal said. This is the excerpt of the Edge Market report. For full report please read in HERE. This scandal was widely reported India in 2020, HERE.

Tony Fernandes, Bo Lingam Did Not Show Up

It has been reported in 2020 that Tony Fernandes, Bo Lingam and others did not show up when the case was called up in Court, HERE. Why? Guilty as charged? Subsequently, in December 2020, Reuters had reported that PN17 AirAsia had sold its stake in AirAsia India to Tata & Son for RM151 million, HERE.

The Famous Tharumalingam Kanagalingam aka Bo Lingam

From left: 2nd left: Bo Lingam, 3rd the famous insider trading expert Kamarudin Meranun, 4th Tony Fernandes, wanted in India as reported, 5th Anthony Loke, the former Minister of Transport for only 22 months cum “super salesman” for AA.

In early 2021 Bo Lingam has been promoted as the acting Group CEO of PN17 AirAsia Aviation Group at the time when AirAsia set up the so-called investigation into the international Airbus Bribery Scandals where executives 1 and 2 of PN17 AirAsia were found to have received RM200 million BRIBES from Airbus by UK Crown Court.

Aren’t The Above Scandals Enough To Wake Up The TRIO / 3 Stooges?

From left: The shameless chairman of SC, Syed Zaid Albar, the un-elected Syok Sendiri Minister of Finance, Tengku Zafrul and the governor of BNM, Tan Sri Nor Shamsiah (The TRIO / renown Fintech Gurus!)

Don’t tell us that Tan Sri Nor Shamsiah of BNM, the shameless Syed Zaid Albar of SC and un-elected Minister Tengku Zafrul are still oblivious of the above, AirAsia is under PN17 and it’s criminals /conmen known as executives 1 and 2 were criminally implicated in the RM200 million Airbus Bribery Scandals! AA’s supremo Tony Fernandes was also wanted in India for money laundering activities and criminal misconducts in the dealing with the authorities in India as reported above.

Let’s hope that TRIO / 3 stooges will now wake up from their slumber and for once stand up to protect their respective image, if there is any left, and do the right thing on the issues of Microloans / Digital Banking Licence and others as expected of them. However, if the TRIO are still not convince, please proceed to the website of UK Serious Fraud Office and download the two UK Crown Court Judgments pertaining to the Airbus and Rolls Royce Bribery Scandals. For the ease of reference and benefit of the hundred if not thousand of officers including the Tingkat 4 in BNM, SC and MoF, here are the link for the UK Serious Fraud Office, HERE. (Just in case they still have problems this is the website of SFO UK: https://www.sfo.gov.uk/our-cases/#aza).

Should BNM/SC/MoF Approved Digital Banking Licence / Microloan Licence To Applicant With Obvious Bad Records?

The un-elected Minister Zafrul, shameless Syed Zaid Albar of SC and Governor of BNM and should take cognisance that when a customer with just a tiny black dot in his or her record or impending financial issue applying for a banking facilities of any kind, the bank will REJECT it outright.

How about an applicant for Digital Banking Licence was classified under PN17 by Bursa Malaysia and 2 of its directors are implicated in the international Airbus Bribery Scandals where both directors were found by the UK Crown Court to have been paid RM200 million bribes by Airbus for aircraft orders? Common sense should prevail and public interests dictate that BNM should NOT even bother consider such an applicant from the word go let alone approve it!

Should the Trio or 3 stooges waste their precious time and public fund to consider an applicant for Digital Banking Licence where its CEO or one of its directors is wanted by a foreign enforcement agency like our MACC/SPRM or SC for money laundering activities and criminal misconducts in their application for licences? Please don’t tell Malaysians that the answer is YES!

Are Malaysians asking too much from these 3 public officials / 3 Stooges whose salaries are paid by “Duit Rakyat” / public funds to take the appropriate actions against the said 2 CRIMINALS / CONMEN? Or are we to accept the famous Malay proverb “Harapan Pagar, Pagar Makan Padi” (a direct translation for the benefit of foreign readers “Expects the fence, the fence eaten the padi”) as the new SOP for BNM, SC and Ministry of Finance? God forbids!

Let’s also hope that the Trio / 3 stooges will not be part of the “Gaji Buta Syndrome“!

To be continued – Stay Tuned – Next Change on joker Nazir Razak, former CEO of CIMB and now the chairman of Bank Pembangunan Bhd & head of Perihatin Danajamin Guarantee.

Related articles:

Warning To The Reckless Fintech / Microloan Gurus! – Part 1, HERE.

Warning To The Reckless Fintech / Microloan Gurus! – Part 2, HERE.

PN17 AirAsia Executive 1’s Email to Airbus “I Want My 16M Nowas appear in the UK Crown Court Written Judgment in, HERE.