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Warning To The reckless FinTech/Digital Microloan Gurus! – Part 2 (RM200 mil Airbus Bribery Scandals May Be A Criteria for Digital Banking Licence!)

The Gurus Are blind to the RM200 mil Airbus Bribery Scandal. It seems that such a serious criminal conducts is a criteria for Digital Banking Licence!

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

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.  

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Tony: Why AirAsia & X still send aircraft to MAS Engineering?

AirAsia A320 undergoing maintenance works in MAS Hangar No: 5 in KLIA
AirAsia A320 and AirAsia X undergoing maintenance works in MAS Hangar No: 5 in KLIA

AirAsia A320 and AirAsia X A330 aircrafts are a regular sight in MAS Hangar 5 in  KLIA.  It seems that Hangar 5 has been reserved exclusively for AirAsia and AirAsia X at the expense of MAS.

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Your MP's Question of the Week #52

Earlier today PM Najib Razak has sworn in his newly hand-picked cabinet that we expect will be one that is as committed as he is in serious nation-building urged on by the battle-cry crafted by none other than himself – “One Malaysia. People First. Performance Now.”

To be fair, anything less than 100 days is way too early for us to begin to judge this new cabinet on any kind of performance delivered on the promises of the Prime Minister. However, there’s nothing to stop Najib from immediately focus his attention on the performance of the GLCs which have been notorious for losing millions, if not billions, of the rakyat’s money on a protracted basis even in monopolistic businesses which include entities like TNB and Proton.

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