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 RashdanYusuf aka Danny & Dato’ Sri Nazir Razak of CIMB
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.”
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,.
Y.B. TUAN WEE CHOO KEONG [WANGSA MAJU] minta MENTERI KEWANGAN menyatakan jumlah kos MAS untuk “uplift” seramai 35,000 penumpang-penumpang AirAsia X Sdn. Bhd. (AAX) di bawah Perjanjian “Re-Accommodation” yang bertarikh 28-3-2012 dan sehingga Mei 2012, berapakah jumlah bayaran yang telah dibuat oleh AirAsia/AAX Sdn. Bhd.:-
Rashdan (left in pic). AJ showing thump up for Rashdan. AJ said that “Rashdan was vilified and maligned in blogsphere”.
Updates @ 11:15 am on 15-6-2012: Please read an interesting article by Outsyed The Box in HERE.
Below are theTWOe-mails byEn Ahmad Jauhari Yahya(AJ) Group CEO of MAS,wherein he announced the acceptance of the resignation of his Deputy GCEO,En Mohamad Rashdan Yusofaka Danny (Rashdan), who is Tan Sri Azman Mokhtar (Amok)’s most trusted crony.
AJ and Rashdan (in pink shirt partially hidden behind the stewardess on the right) coming back from Paris on the new A380 on 30-5-2012
At lastShane NollanofPlaneConsult, who was tainted with conflict of interest, is finally out of MAS for good. He was supposed to have been given an extension until end July 2012 by the top management of MAS. Shane Nollan’s pre-mature departure must be an abrupt decision.
Updates @ 12:30 pm on 31-5-2012: Rumour has it that Mr Shane Nollanof PlaneConsult, who had played a very significant role in the uplifting of the 35,000 passengers from AAX Sdn Bhd with very low fares and the Re-Accommodation Agreement, has ended his “honeymoon” as Acting Commercial Director of MAS yesterday. Was his tenure ended abruptly? Is PlaneConsult still doing the “CONSULTING” work for AJ?
It seems that Rashdan, the Amok’s most trusted crony, is still running “AMOK” in MAS. He was seen accompanying AJ in the inaugural A380 flight from Paris to KL yesterday.
Can someone in MAS help to confirm the above? Thank you
YB Datuk Seri Ahmad Husni Hanazlah, Minister of Finance II said that MAS has been instructed to submit its projection plans to the Government to monitor its performance and ensure it remain competitive. MAS has been also instructed to submit its projection plans for the next five years to the government. For full report in Sun Daily please read in HERE.
