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Warning To The Reckless FinTech / Digital Microloan Gurus! – Part 1

The sudden emergence of Digital Microloan that is of concern to the nation. Yet there is no law in place to protect the Rakyat/B40 from being exploited. Zafrul most irresponsible to encourage rakyat: “Don’t Ask: GoPinjam”. When in debt, is Zafrul going to settle the debts for them.

Wheeling & Dealing in MCMC? Part 3 – MoF said “NO” to direct award of contract but …

Yg Bhg Dato' Mohamed Sharil Mohamed Tarmizi, the Chairman of MCMC
The well dressed and highly respected Chairman of MCMC, Yg Bhg Dato’ Mohamed Sharil Bin Mohamed Tarmizi.

 

A week has elapsed and the MCMC Chairman, Yg Bhg Dato’ Mohamed Sharil Mohamed Tarmizi, is still exhibiting his elegant silence on the issue of MCMC awarding the Programe Marketing office (PMO) to Orenda Kuantum Digital Sdn Bhd (Orenda Kuantum Digital) by way of direct award. 

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Now Everyone Can See The Chairman of PAC At Work – Part 1

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

 

Public Accounts Committee (PAC) is a Select Committee set up by Parliament. Its role is to overseeing or scrutinising government expenditures approved by Parliament.  Generally, in the Westminster style of Parliament like ours, by convention PAC normally take up matters raised in the Auditor-General (AG)’s Report.

 

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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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Rashdan sworn in Allah’s name that he didn’t upgrade his maid to First Class

The VOYAGE REPORT on the Deputy Group CEO of MAS during flight MH122 on 1-1-2012. Md Nor, AJ, Rozman Omar, CFO, and Shane Nollan, the Acting Commercial Director of MAS, care to comment?

Updates on 30-3-2012: Please read an interesting article by ABITW entitled “As long as MAS is here, no fear”.

Updates @ 11:30 pm on 28-3-2012: Parliament ended at about 10:00 pm just now. Will post what YB Datuk Awang Adik, the Deputy Minister of Finance, has replied in Parliament as soon as yours truly got a copy of the Handsard. Of course, he didn’t answer all the pertinent questions raised by several MPs especially “why was there a need for CCF to couple with share swap?” and what yours truly have asked in HERE & HERE during the policy Debate on the Royal Address. He was skirting around.

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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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Questions Time 01-11-2011: 2006 Menteri Kewangan meluluskan “soft loan” RM250 Juta kepada Agroscience Sdn Bhd

National Feedlot Corporation Sdn Bhd

Tuan Wee Choo Keong [Wangsa Maju] meminta Menteri Kewangan menyatakan sama ada Kementerian sedar bahawa “soft loan” berjumlah RM250 juta yang disalurkan kepada Agroscience Sdn Bhd pada tahun 2003 bertujuan untuk mengawal kemasukkan daging halal import telah disalahgunakan dan pembentukan National Feedlot Corp Sdn Bhd yang merupakan sebuah pertubuhan dikawal oleh orang yang sama berada dalam syarikat Agroscience Sdn Bhd dan Real Food Company Sdn Bhd dan apakah status “soft loan” tersebut?

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Question on En Reezal Merican has been rejected for Questions Time!

 Tuan Wee Choo Keong (Wangsa Maju) minta Menteri Kewangan  menyatakan jumlah keseluruhan hutang kepada syarikat swasta dibawah arahan pegawai Kementerian (En Rizal Merican) tanpa kuasa dan/atau tanpa mengikut prosedur antara tahun 2003 hingga 2009:

i.  berapakahkah jumlah hutang tersebut yang telah dibayar oleh Kementerian;

ii. apakah tindakan akan diambil mengenai baki jumlah hutang tersebut lebih kurang RM3 juta; dan

iii.  apakah tindakan telah diambil terhadap pegawai Kementerian tersebut kerana mengarahkan pembelanjaan tanpa kuasa dan/atau tidak mengikut prosedure yang sedia ada?

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The questionable consultant fees paid by Khazanah Bhd

It was most shocking to discover that the Ministry of Finance did not bother to provide the answers to one of my Parliamentary Questions for written answers, HERE, which was supposed to be answered in the October – December 2010 Session. I knew that it was not going to easy for the Khazanah Bhd to provide answers to this question. The main reason being that millions of Ringgit have been paid out to the so-called consultants for projects during the Tun Abdullah period, which was also popularly known as the “4th Floor Administration”.  Malaysia was then headed by the de facto PM, you know who lah …. It was also the honey moon period for the government where there was little scrutiny by the opposition.

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