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Ernst & Young

Geeko 2.0 : A Troubling Reemergence Of An Insolvent BXC Travellers In MAHB?

After lying low for five years, the key players behind Geeko 1.0 have made a striking comeback with a new deal again with Tencent, the Chinese equivalent of Google, as bait under the guise of BXC Traveller Sdn Bhd (BXC). The players needed a new facade as Geeko was too infamous and stink!

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!

MAS AGM tomorrow: Why Tan Sri Azman Yahya of SCOMI is not seeking re-election

Tan Sri Mohamed Azman Yahya, who is a director of MAS for many years dated back to the WAU days and also a director of SCOMI and Symphony House Bhd. Why is he not up for re-election?

Updates @ 9:05 pm on 21-6-2012: Tan Sri Wan Azmi binWan Hamzah steps down from MAS Board during the AGM. The other aviation experts like Tan Sri Azman Yahya, Tan Sri Tan Boon Seng of IJM, Dato’ Rohanan binti Rozhan from ASTRO and David Lau Nai Pek are holding on to their directorship even though they could not show what were their contributions for the past TEN MONTHS. Tan Sri Wan Azmi;s said decision should be applauded and a very responsible acts.

One would have thought that Tan Sri Azman Yahya is a very busy man with so many companies to take care of especially SCOMI. The four chose to remain for reasons best known to themselves. Will do another posting soon about those remaining.

 

Updates @ 12:50 pm on 21-6-2012: The minority shareholders were questioning the competent and integrity of members of the Board of directors of MAS. They have also expressed their discontent with regards to their performance. From 10: 10 am this morning until now, the Board was still facing heavy criticisms from the shareholders. They could not even proceed to pass Resolution 1 to approve the Financial Statement let alone their Re-elections. The Board have been subjected to severe embarrassment. Yours truly has been informed that Tan Sri Azman Mokhtar’s most trusted crony, Rashdan, did not attend the AGM. 

Yours truly must apologies for not been able to attend because your truly question on the BinaFikir‘s consultancy fees and the 12 companies involved in the fuel hedging losses for RM3.3 billion for Parliament was No: 4 on the list. It was answered at 10: 30 am this morning. It will be posted here later.

After the MAS-AirAsia share swap, the brainchild of the little Napoleons in Khazanah Nasional Bhd, MAS will now hold its AGM on 21-6-2012 at 10:00 am, MAS Academy.

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MAS PROCUREMENT CONTACTS (RM794.73 Million) – Part 1

The TRIO aka “THREE STOOGES“

After the MAS-AirAsia share swap and CCF have been inked by Tan Sri Azman Mokhtar (Amok), the MD for Khazanah,, MAS was managed by an Exco comprising of En Mohammed Rashdan Yusof aka Danny, the Amok’s crony and Ex-business partner in BinaFikir Sdn Bhd, Tan Sri Tony Fernandes and Datuk Kamarudin Meranun both from AirAsia Sdn Bhd representing Tune Air Sdn Bhd. That was the arrangement agreed to by Amok. Several days after the inking of the said secret share swap and CCF, Rashdan flew to London to commit MAS to sponsor QPR for 18 million Pounds, in HERE.   

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Aj & Rashdan: “WHAT COST CUTTING?” Part 3 – Zero Fare for uplifting 30,000 passengers of AirAsia X

The MAS online ticket for Mr Jain Abhihab that showed payment for fuel surcharge of RM390 only and fare Zero cost

Updates @2:40 pm 16-3-2012: The police report has been officially lodged at about 12 noon under Kg Baru Subang Report No: 1810 / 12. The detail of the said police report will be posted later.

Updates @ 9:30 am 16-3-2012: A police report will be lodged at 11:30 am at Jalan Bandar Police Station regarding this matter.

En Ahmad Jauhari Yahya (AJ), the Group CEO of MAS and En Mohammed Rashdan Yusof aka Danny (Rashdan), Deputy Group CEO of MAS and an Amok’s crony, have stressed on cost cutting under their New Business Plan to save MAS.  Are they seriously walking their talks or just a slogan for people with consultant mentality to fool the Government and the entire nation?

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15-3-2012 Questions TIme: Under AJ & Rashdan RM24.9m consultancy fees paid to date

Tan Sri Azman Mokhtar and his crony, Rashdan

Tuan Wee Choo Keong [Wangsa Maju] minta MENTERI KEWANGAN menyatakan berapakah jumlah kos Konsultan yang dibayar oleh Khazanah Nasional

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AJ & Rashdan: “What Cost Cutting?” Part 2 – PlaneConsult

Updates @ 1:30 am on 15-3-2012: PlaneConsult is not the only consultant firm hired by MAS. Ernst & Young is another consultant firm that has been appointed to teach MAS Corporate Division how to do their work. It seemed that AJ and Rashdan, Amok’s crony and ex-business partner in BinaFikir Sdn Bhd, are heavily relying on consultants to do the thinking for them. It has been for some weeks that “two young sweet little” officers from Ernst & Young are in MAS Corporate Division. Quite frankly, it is a case of teaching “grandmothers how to suck eggs”.  MAS had to pay good money as salaries and perks to these two handpicked “corporate gurus” by Tan Sri Azman Mokhtar and yet they needed consultants to think for them. It is laughable.

Under the circumstances, saving MAS is a foregone conclusion! Perhaps it is also a case of “Kepimpinan Melalui Tauladan”. Under Tan Sri Azman Mokhtar leadership, it has became Khazanah’s culture to engage consultant firms to think for them. The Government must account to Parliament what is the total payment made to consultant firms during Tan Sri Azman Mokhtar’s reign In Khazanah from June 2004 until today.     

Updates @ 6:45 pm on 14-3-2012: YB Datuk Nancy, Batang Sadong MP, criticised the MAS – AirAsia share swap and CCF and called for the Government to reverse or cancell the them forthwith as it was not in the interest of the country.  Yours truly believes that there will more MPs calling for the said share swap to be reversed as it was a failure from day one. It is hoped that Tan Sri Azman Mokhtar, MD of Khazanah and the ex-business partner of Rashdan when they were together in BinaFikir Sdn Bhd, will take note. 

Cost cutting to turn around MAS said the TRIO. The TRIO consists of En Ahamd Jauhari Yahya (AJ) Group CEO of MAS, En Mohammed Rashdan Yusof aka Danny (Rashdan), who is Tan Sri Azman

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