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Sekiranya anda menyenaraikan blog ...LISTED!!! dan/atau VOICES AROUND di blog anda, tetapi blog anda tidak tersenarai di dalam "Honour List" di bawah ini, mohon tinggalkan mesej di VOICES AROUND

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Wednesday, August 17, 2011

MAS AirAsia Story - After the failure of WAU can we trust them again? Wasn’t it a clear case of conflict of interest? Where was the corporate governance in this so-called share swap?


During the WAU exercise MAS, all the three famous personalities namely, Tan Sri Azman Mokhtar, Mohamed Rashdan Yusuf (both from Binafikir Sdn Bhd, the super consultant company) and Tan Sri Dato Md Nor Md Yusof have played a very significant role.  Dato’ Md Nor Yusof, was the chairman of MAS then. A few days before the share swap, which was shrouded with utmost secrecy, Tan Sri Dato’ Md Nor Md Yusof was appointed the non-executive chairman of MAS. How co-incidental!

From the so-called share swap and the adverse press reports on MAS, it seemed that WAU was a total failure. Yet, all the said three personalities were back in action as the “SAVIORS” for MAS. Of course, we must not forget Tan Sri Tony Fernandes, the CEO of AirAsia, known to have owed airport taxes to the tune of almost RM120 million! When I pressed the Ministry of Transport and MAHB to take actions against AirAsia on the airport tax debts, AirAsia had no choice but to pay with a discount of some RM30 million. A handsome reward for owing airport tax with no interest but special discount. No wonder AirAsia was a successful low cost airline with unprecedented high share price increased from 21-7-2011 until it was suspended from trading on 8-8-2011.
If on 6-8-2011 the Malaysian Insider was able to publish with such clinical accuracy of the so-called share swap deal, in HERE, it was clear that the share swap deal must have been agreed upon (“already MAS-AK”) several days before the publication of the story by Malaysian Insider based on “sources”.  Lets see what the KLSE is going to do on this.
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