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Datuk Kamarudin Meranun

Now Everyone Can Bribe Directors of AirAsia & AirAsia X!

On 31 January 2020 the Learned UK Crown Court Judge, Dame Victoria Sharp P, delivered a damning Judgement / Verdict in a case between the Director of Serious Fraud Office of UK and Airbus SE for giving bribes to directors and employees of AirAsia and AirAsia X of Malaysia and others.

The Shares “SUAP” & RM10 Million Fine!

Today the learned High Court Judge, YA Tuan Nordin Hassan had set aside the decision of the Competition Appeal Tribunal in 2016 that MAS and AirAsia did not need to pay the fine as they did not infringe the Competition Act.  The learned Judge has reinstated a decision by the Malaysia Competition Commission (MyCC) that … Read more

To help Mr Mueller’s Grand Scheme to “Collaborate with AirAsia – Part 2

The babies are also collaborating!
The little napoleons in Khazanah love COLLABORATION/CCF so are the babies!

 

In PART 1 we stopped at the sorry state of Rural Air Service (RAS) and Fly Asian Express Sdn Bhd (now AirAsia X) where six aircraft were grounded due to un-airworthiness and another one was cannibalised for spare parts, and how MAS was left to pickup the pieces thereafter.

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Now Everyone Can See PAC Chairman At Work – Part 2

The extremely learned YB Datuk Nur Jazlan, Chairman of PAC and former Chairman of UDA
The extremely learned & independent Chairman of PAC and former Chairman of UDA ,  YB Datuk Nur Jazlan.

 

In Part 1 of this posting, yours truly has dealt with paragraphs 1 to 4 of the press statement dated 28-4-21024 (just 4 days before the opening of KLIA2) of the learned and very independent Chairman of PAC, YB Datuk Nur Jazlan.

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

"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.

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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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TS 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". They were so happy after the signing of the MAS-AirAsia share swap.
The iconic photo of the “Happy Family” of the MAS-AirAsia share swap. They were so happy after the signing of the MAS-AirAsia  share swap.

Updates @ 9:30 pm on 19-9-2013:  On 15-9-2011 The MD of Khazanah Tan Sri Azman Mokhtar has been quoted to have said that “The recently inked home jersey sponsorship with Barclay Premier club Queen Park Rangers is a good deal for the national carrier”. He also told newsman that “We think that we got a good deal to stand on its own commercially.  I think all the numbers are there, we just need to add value”.  Read HERE. 

Yours truly believe that at that material time many Malaysians also share the same thoughts as Tan Sri Azman Mokhtar, who is a known to be a corporate GURU in Malaysia.  Many have claimed that Tan Sri Azman Mokhtar through his BinaFikir‘s “WAU” had also saved MAS from the brink.  Please read below the events after 18-8-2011 where MAS was supposed to pay £3.2 million more than AirAsia for the said sponsorship and got less for it.  Was it a good deal after all?  

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In Part 1 of this article, it was clear that Khazanah, CIMB, MAS and AirAsia are fuilly aware of the provisions of the Competition Act 2010. MAS and AirAsia have sought the advice of the consultant, Bain & Co, on anti-trust laws/Competition Act 2011.

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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 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.”

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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Maybank Investment pumped in another RM6.8 million to stabilize share price of AirAsia X

Now Everyone Can Buy AA X share including Maybank!
On 24-7-2013 Maybank bought another RM6.863 million worth of AirAsia X shares to stabilize the share price.
NST Business reported 25-7-2013 that Maybank Investment Bank Bhd has purchased 5.49 million shares in AirAsia X Bhd yesterday to stabilise the stock’s price. The company told Bursa Malaysia yesterday Maybank IB had purchased the shares at RM1.25 each HERE.

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