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TS Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 1

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  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 Rashdan Yusuf aka Danny & Dato’ Sri Nazir Razak of CIMB

Updates @ 6:50 pm on 11-9-2013:  “The avenging goddesses eventually caught up with anyone who had outraged all decency by killing their father, marrying their mother or serving red wine with fish.” By Jonathan Guthrie of Financial Times, UK

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 RoverOn 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.”

Deloitte was fined 14,000 Pound Sterling
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,.

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AirAsia & MAS were fined RM10 million each for violation of Competition Act

The architects of the MAS-AirAsia share swap and CCF
The “Happy Family” of the MAS-AA share swap & CCF.  From 2nd left: Datuk Kamarudin Meranun of AirAsia, Tan Sri Azman Mokhtar (MD of Khaznah), Tan Sri Md Nor Yusof, Chairman of MAS, Tan Sri Tony Fernandes of AitrAsia, Rashdan aka Danny, nominee of Khaznah & Datuk Nazir Razak, the CEO of CIMB Group.
En Mohamed Rashdan Yusuf aka Danny  (left in pic). AJ showing thump up for Rashdan. AJ has said that "Rashdan was vilified and maligned in blogsphere".
The two main key players in MAS at the height of the MAS-AA share swap. Pic: AJ and En Mohamed Rashdan Yusuf aka Danny . AJ and his then “co-pilot” showing thump up for MAS-AirAsia share swap?. AJ has said that “Rashdan was vilified and maligned in blogsphere”.

The Malaysia Competition Commission (MyCC) said in a statement that the country’s two dominant carriers would each have to pay a RM10 million (US$3 million) penalty for collaborating to integrate some routes in which they had  earlier competed.

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Selamat Hari Kemerdekaan ke 56

Selamat Hari Merdeka
Selamat Hari Kemerdekaan ke 56 kepada MALAYSIA

Izinkan saya mengucapkan Selamat Hari Kemerdekaan kali ke 56 kepada seluruh rakyat Malaysia dan juga kepada pemimpin-pemimpin negara yang menjadikan Rakyat Sentiasa Didahulukan.

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Datuk Bandar KL: What is so special about GTC Global Sdn Bhd to be awarded with RM200M CCTV Project?

Datuk Bandar KL, Yg Bhg Datuk Ahmad Phesal bin Talib
Datuk Bandar KL, Yg Bhg Datuk Ahmad Phesal bin Talib, has just confirmed that the RM200 million 1,200 CCTV Project has been awarded to GTC Global Sdn Bhd, a company dealing with integrated security surveillance system

At long last, on 21-8-2013 Datuk Bandar Kuala Lumpur, Yg Bhg Datuk Ahmad Phesal Talib, has confirmed that DBKL has appointed GTC Global Sdn Bhd to look into the installation and maintenance of 1,200 closed circuit television.  Datuk  Ahamd Phesal has also confirm the contract is worth RM200 million, HERE.

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Expats & Seabury Consulting are the flavours of AJ

Dr Mahamadon Abdullah, who was a loyal

Bloomberg says Malaysia will commence operation to crackdown on violence crimes on Monday

The crest of the Royal Malaysian Police Force
The crest of the Royal Malaysian Police Force

Bloomberg News just reported (12:00 am 18-8-2013) that the police will use a section of its Crime Prevention Act for the first time to hold suspects without filing charges in a crackdown on violence following a wave of killings, according to a copy of an internal police memo seen by Bloomberg News.

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BK Sidhu quoting sources again, Idris Jala & AJ had to clarify

The highly acclaimed journalist Ms BK Sidhu, who has just being promoted as the new Editor of StarBiz, had quoted an unknown source that the AirASIA X IPO SHARE will be over-subscribed by 3 to 4 times which later turned out to be FALSE.

JMM wants Tan Sri Aziz as the new Chairman of MAS

Tan Sri Md Nor & Tan Sri Aziz
Left: Tan Sri Md Nor & Tan Sri Abdul Aziz Zainal. Pictures taken from NST.

Jaringan Melayu Malaysia (JMM) has called for Tan Sri Abdul Aziz Zainal, the former Malaysian ambassador to France and General of Malaysian Arm Forces, to take over the chairmanship of MAS from Tan Sri Md Nor Md Yusof.  JMM is confident that Tan Sri Abdul Aziz would be able to bring MAS back to its former glory, in HERE.

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