JEBAT MUST DIE
In the end, Tune Air Sdn Bhd which controls Air Asia, bought 20% of cheap MAS shares while tax payers had to buy the much higher Air Asia shares. To make matters worse, the share price of Air Asia dropped the very next day thus the tax payers lost more money barely 24 hours after the deal was announced.
As Khazanah lost money over the deal, the new shareholders of MAS; Tony Fernandes and Kamaruddin Meranun gained more money as MAS shares jumped to RM1.79; 19 sen more than the price they had to pay to get the 20% stake.
After Khazanah lost RM18 billion worth of investments made in 2008, Azman Mokhtar is still being trusted to play with tax payers’ money while the government has no control over him. In fact, for this huge loss, his contract was extended for another 3 years!