AirAsia Bhd
Hong Kong-based GMT Research has issued a report questioning airline AirAsia Bhd‘s accounting practices, accusing it of using transactions with associate companies to boost its earnings, according to a copy obtained by Reuters.
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. 
