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BANK NEGARA: Now Every PN17’s Related Companies Can Apply For Digital Banking Licence!

Update on 30.3.2022 @ 5:15 pm: At last Bank Negara Malaysia has woken up about the problems that will arise from “Buy Now Pay Later Scheme” (BNPL). It is only now that BNM, SC and MOF are looking into passing new laws to regulate BNPL Scheme. What a joke! It is a case of “closing … Read more

Dep MOF: SC and Bursa KL have commenced investigations into insider trading and non-announcement of the secret MAS – AirAsia share swap

YB Senator Datuk Awang Adek with Tan Sri Tony Fernandes during the "Sleepy Era"

In reply to yours truly questions on the secret MAS – AirAsia share swap during the Committee Stage of the Budget Debate on 2-11-2011, HERE,  the Deputy Minister of Finance, YB Senator Datuk Awang Adek, told Parliament before noon today as follows:

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SC should investigate whether there were insider trading on AirAsia’s shares

[Updates:  As at 4 pm today (12-8-2011) the price of the AirAsia’s was traded at RM3.48. Prior to its suspension on 8-8-2011 the said share has hit an unprecedented high of about RM4.10 on Friday (5-8-2011 – 2 days before it was suspended from trading pending the formal announcement of the so-called share swap agreement being reached) only to be closed at RM3.95. 

Ever since the lifting of the suspension of trading of AirAsia’s share, it has lost almost 50 Sen, equivalent to about 13%, as at 4 pm today. I believe that it will go down further in days to come.  As I have said before, the AirAAsia share has been bullish since 21-7-2011.

I am certain that the whole transactions of the said AirAsia’s shares for the last few days were on the computer screen of the Security Commission and the record of which can be easily ascertain by the Security Commission. Food for thought for the Security Commission.]

Since 21-7-2011 AirAsia’s shares have been on the unprecedented upbeat hitting as high as RM4.16 per share, in HERE, and MAS registered a movement between the range of 40 Sen, in HERE.  On Saturday the 6-8-2011,The Malaysian Insider, published a sources story with clinical accuracy and perfect timing, in HERE.  On Friday, one day before that spot on sources story by the said Malaysian Insider, AirAsia’s share closed at RM3.95, in HERE, and MAS RM1.62. On Monday 8-8-2011 (2 days later) after the publication of that famous sources story both AirAsia and MAS were suspended from trading. How coincidental!

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