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Thread: Harapkan Pagar, Pagar Makan Padi: Reveal details of Danaharta-Tajudin settlement, say BN and PR MPs

   
   
       
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    Harapkan Pagar, Pagar Makan Padi: Reveal details of Danaharta-Tajudin settlement, say BN and PR MPs

    Time to wrap up the lose ends in case BN loses in GE 13. One can never be too careful nowadays. We never know when the Rats will turn around and bite us.


    Reveal details of Danaharta-Tajudin settlement, say BN and PR MPs

    By Shannon Teoh
    February 15, 2012
    KUALA LUMPUR, Feb 15 — Politicians want details of the “out-of-court settlement” between national asset management firm Pengurusan Danaharta Bhd (Danaharta) and Tan Sri Tajudin Ramli made public.


    They said the public had a right to know how much of public funds were recovered in the settlement which was made confidential by the Court of Appeal yesterday.


    Barisan Nasional (BN) and Pakatan Rakyat (PR) federal lawmakers told The Malaysian Insider that the company set up to handle toxic assets during the 1997 Asian financial crisis must reveal if it managed to recover a substantial amount of the RM589 million owed by Tajudin.


    “The public has a right to know as it involved a state-owned company, whether or not it is Tajudin or anyone else. We should know how much was recovered, any interest rate to show how well Danaharta did,” Deputy Education Minister Datuk Wee Ka Siong said.


    The company’s page on the Bank Negara website says it has dealt with 2,902 non-performing loans (NPL) worth over RM50 billion and recovered 58 per cent of the amount as of 2005, surpassing “the typical 20 – 50 per cent range experienced by similar agencies in Asia.”


    “Without transparency, this is like a personal bailout fund for certain individuals. The public is justified in wanting to know if it was a bailout or a settlement which was good business,” said Selangor PAS deputy chief Khalid Samad, who is also Shah Alam MP.


    Danaharta and Tajudin ended their drawn out legal battle when they settled out of court yesterday after Putrajaya had directed in August all GLCs to drop civil suits against the former chairman of the national carrier and protégé of Tun Daim Zainuddin.


    But the terms of the settlement remain confidential between the two parties despite a High Court decision in December 2009 for Tajudin to pay Danaharta RM589.14 million with two per cent interest per annum backdated to January 1, 2006.


    Parties that are still involved in civil suits with Tajuddin include Telekom Malaysia Bhd, Telekom Entreprise Sdn Bhd, Technology Resources Industries Bhd(TRI), Celcom, CIMB, Naluri Corporations, Atlan Holdings Bhd, Atlan Properties and Multi Esprit Sdn Bhd.


    DAP strategist Liew Chin Tong (picture) added that as Danaharta had taken over bad debts to keep the economy going during the 1997 crisis, there are question marks over whether “we nationalised and socialised losses but now that things are better, allowing profits to be privatised.”


    “They have to pay for their own foolish investments,” the Bukit Bendera MP said.


    Tajudin was a poster boy of Tun Dr Mahathir Mohamad’s now discredited policy of nurturing a class of Malay corporate captains on government largesse. He flew high in the 1990s but fared poorly during the Asian financial crisis.


    The case between Danaharta and the tycoon arose after he executed a facility agreement on July 13, 1994 to borrow RM1.79 billion from a group of syndicated lenders to finance the purchase by him of a 32 per cent stake in MAS.


    However, from 1994 to 1998 he failed to service the original loan, causing it to become a non-performing loan (NPL).


    In 1998, Danaharta acquired the NPL from the lenders but Tajuddin also failed to settle his debts to Danaharta until it was in default of RM1.41 billion as at October 8, 2001.


    As part of a settlement agreement, Tajudin was to pay RM942 million in four instalments over three years and that he was permitted to redeem his charged shares at a minimum price per share.


    Tajudin, however, defaulted in the payment of the quarterly interest payable under the settlement agreement and on April 27, 2002, the plaintiffs terminated the settlement agreement and demanded RM1.61 billion from him.


    On April 29, 2002, Danaharta, together with its units Danaharta Urus Sdn Bhd and Danaharta Managers Sdn Bhd sold part of the charged shares consisting entirely of Technology Resources Industries (TRI) shares at RM2.75 per share, resulting in total proceeds of RM717.39 million.


    As at December 31, 2005, the amount outstanding was RM589.14 million and on May 11, 2006, Danaharta and the subsidiaries commenced action to recover the money.


    Tajudin alleged in his affidavit that he was directed by former prime minister Tun Dr Mahathir Mohamad and Daim in 1994 to buy a controlling stake in MAS to bail out the government.


    Tajudin claimed that his purchase was a forced “national service”, disguised as an arm’s length commercial deal, because the government wanted to appease the investment community and the public.


    Dr Mahathir however denied in his autobiography published last March that he and Daim had forced Tajudin to bail out MAS in 1994 for RM1.8 billion, claiming instead that Tajudin was “elated” over his purchase.
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    He's obviously right.

    KUALA LUMPUR, Feb 16 — The government’s out-of-court settlement with Tan Sri Tajudin Ramli may be a cover-up to hide alleged corruption involving Cabinet ministers, Datuk Seri Anwar Ibrahim has alluded.

    “My concern is that they are afraid that, with Tajudin proceeding with the case, he will expose corruption... deals which may involve the prime minister and finance minister at the time,” Anwar told reporters during an event in Subang Jaya today.


    The PKR de facto leader was responding to Tajudin’s out-of-court settlement with Pengurusan Danaharta Bhd (Danaharta), which marked an end to the six-year dispute over millions of ringgit that the former Malaysia Airlines (MAS) chairman owed to the national asset management firm.


    The settlement resulted from a directive issued by Putrajaya in August last year, telling all government-linked companies, including MAS, to drop their suits against Tajudin.


    The settlement comes after a lengthy legal dispute following a High Court decision in December 2009 ordering the ex-MAS chief to pay the state asset management manager RM589.14 million plus two per cent interest per annum, backdated to January 1, 2006.


    Today, Anwar said the case was a matter of public interest as it involved taxpayer funds and should not be settled privately.

    http://www.themalaysianinsider.com/m...eld-ministers/
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    'Veracity of Tajudin's affidavits questionable'



    COMMENT There's no doubt that parties in any civil suits have the right to reach an out of court settlement on the terms and conditions agreed to by all those involved.

    However, if the agreement in writing or by mutual understanding, includes the purpose of concealing any criminal or illegal acts, or an act which is not illegal but achieved through illegal means, then such an agreement is deemed a criminal conspiracy.

    If it can be proven that the settlement agreement, reached between Tajudin Ramli (left) and several GLCs was also for the purpose of screening any parties from legal punishment, or to suppress evidence of criminal wrongdoings of any person, which in itself is a criminal act, then such agreement falls within the meaning of a criminal conspiracy.

    It is immaterial whether the illegal act is the ultimate object of such agreement,or is merely incidental to that object.

    Over and above that, no person or party are allowed to introduce any false evidence or misleading facts or untrue information in any judicial proceeding, be it civil or criminal.

    Based on the numerous information in the public domain, Tajuddin Ramli is believed to have affirmed at least two affidavits in the course of the proceedings.

    Inner circle wheelings and dealings

    In the first counter claim, Tajudin alleged that in 1994 he was directed by then prime minister Dr Mahathir Mohamad and Daim Zainuddin to buy a controlling stake in Malaysia Airlines to bail out the government.

    Tajudin claimed that this purchase was a forced "national service",disguised as an arm's length commercial deal because the government wanted to appease the investment community and the public.

    Mahathir (right) has denied Tajudin's allegations. Instead, Mahathir said he knew that Tajudin had bought into the company because the latter felt it was a good investment.

    That Tajudin would not have invested RM1.8 billion unless he could get a good return. Mahathir's denial can be found in pages 710-711 of his memoirs."A Doctor in The House"published March 2011.

    Until and unless Tajudin is able to prove his averments, his affidavit can be taken to contain false affirmation.

    In the second affidavit in February 2012,Tajudin has cited Minister in PM's Department, Mohamed Nazri Aziz's letter dated Aug 8, 2011, as a directive of a settlement by several government-linked corporations (GLCs) in a suit against him.

    However, records show that in the middle of August 2011, Nazri had issued a public statement, firmly stating that his Aug 8 letter was only "advice" and not a "directive".

    Danger of personal assumptions

    To date, Nazri has not retracted his statement in regard to the said letter. Thus the status of the said letter remains as an "advice" and not a directive.

    If Tajudin were to claim that the said letter was a directive, then it was made based on his own personal interpretation and assumption.

    Benefit of the doubt should be given to Nazri, since not only is he a senior minister but more a writer of that said letter, he should be in a better position to explain the purpose of that letter.

    Until and unless Tajudin is able to prove the said letter is a "directive", then this affidavit also can be taken to contain misleading affirmation.

    I am of the view that until such time the veracity of Tajudin's affidavits are determined, one can presume that his bundles of documents in this matter are tainted with illegality and falsity.

    I am also of the view that the attorney-general being the chief legal advisor to the government, should have stepped in to intervene in this matter and to put on hold any settlement agreement to safeguard public interest since there are clear indications that some criminal acts and misrepresentations are involved in securing the settlement.

    It is also incumbent upon the police to commence an immediate investigation on the two affidavits.

    Furthermore it is in the best interest of the police to conduct a thorough investigations, in view of the fact that the management of MAS themselves in their official report to MACC in May, 2009, had alleged collusion between the police and AG's Chambers in the investigations of their police reports against Tajudin, to the extent of investigations being compromised.
    Police should investigate

    For that matter MAS did not hesitate to name the senior police officer suspected to be involved.

    Should the investigations find Tajuddin had affirmed false statements in the affidavit or in both the affidavits then, the appropriate action must be taken against him, irrespective of whether the settlement exercise is completed or aborted.

    In the event Tajudin is cleared of any wrongdoings, criminal or otherwise, then the police should point their guns at the MAS management at that point in time for lodging several false police reports.

    Now that the case between MAS and Tajudin have been postponed to May 10, 2012 gives police ample time to look into Tajudin's affidavits and to take the appropriate actions.

    After all, they only need a couple of days to look into the veracity of both the documents.

    This postponement also gives the MAS management ample time to relook and reconsider their position. They must realise that they were the ones that started the reports against Tajudin since 2002.

    MAT ZAIN IBRAHIM is former Kuala Lumpur CID (Criminal Investigation Department) chief.
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    Don't pretend you were a 'blur blur' PM, Dr M told

    DAP parliamentary leader Lim Kit Siang urged former prime minister Dr Mahathir Mohamad not to pretend he was a very ‘blur blur’ prime minister with regard to all the scandals during his rule, especially the Malaysian Airlines (MAS) fiasco.

    “Mahathir should not try to wriggle out of his responsibility to the nation to account for the MAS scandal,” said the MP for Ipoh Timor in a statement today.

    Yesterday Mahathir dismissed former law minister Zaid Ibrahim’s call that he should write a book to reveal the truth surrounding the MAS saga.

    “I’m not in charge of MAS... how can I write a book. I can make some comments, that’s all,” said the maverick politician.

    Mahathir also challenge his detractors to lodge a complaint on the settlement reached in the court cases between former MAS chairperson Tajudin Ramli and government-linked corporations (GLCs) if they can prove corruption in the deal.

    His response did not go well with Lim, who said Mahathir “is trying to re-write the history of his 22 years as prime minister to make Malaysians believe that he was a very ‘blur blur’ prime minister who did not know what was going on in the various Ministries under him”.

    Besides the MAS debacle, Mahathir also disclaimed responsibility for the sacking of Lord President Salleh Abas and two supreme court judges in 1988, the mass arrests using the Internal Security Act (ISA) under Operasi Lalang, and a series of financial scandals under his watch, said Lim.

    ‘A master of selective memory’

    “Mahathir has proven during the royal commission of inquiry into the VK Lingam videotape scandal that he is a master of selective memory, but this does not qualify him to rewrite the history of his 22 years as prime minister, particularly episodes causing far-reaching bane to the healthy political, economic and social development of the country.

    “What is Mahathir’s credibility when he can totally disclaim responsibility for the major scandals under his premiership, or is the MAS scandal, which has destroyed an internationally-acclaimed airline causing the country tens of billion of ringgit of losses, another heinous crime without criminals” like Mahathir’s first financial scandal in 1983 - the RM2.5 billion Bumiputra Malaysia Finance (BMF) scandal?” he queried.

    Earlier on, Tajudin claimed he bought over controlling stakes in MAS for RM1.8 billion on the instructions of Mahathir and former finance minister Daim Zainuddin in 1994. Mahathir, however, denied the allegations.

    In 2000, the government bought back the loss-making airline for RM8.00 per share, more than twice its market value, after Tajudin’s loans became non-performing and were taken over by then-national asset management agency Danaharta.

    Lim questioned whether the alleged ‘secret deal’ between Tajudin and Mahathir was linked to the recent court settlement between Tajudin and the GLCs.

    “Is it because of this secret deal... that explains the lack of transparency in the recent settlement in court between Tajudin and GLCs, casting a dark shadow on the (Prime Minister) Najib (Abdul Razak)’s premiership on accountability, good governance and integrity and sure to cause a further plunge in the country’s Transparency International Corruption Perception Index next year?”
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    Court disorder


    While legal battles on the ground zone in on the rare earth mining project, an airline tycoon is ‘hovering overhead’ beyond the reach of the law.

    RM589.14 million of public funds seem to have flown out the window, along with the court case of former Malaysia Airlines (MAS) chief Tajudin Ramli versus Pengurusan Danaharta Bhd (Danaharta).

    Danaharta, which manages unpaid loans, had filed a suit against Tajudin following the latter’s failure in servicing a multi-million ringgit loan taken to purchase large stakes in MAS. The court then ordered Tajudin to pay Danaharta RM589.14 million at 2 per cent annual interest.

    However, a private and confidential settlement made between Tajudin and Danaharta means the court order is now dropped.

    Tajudin had claimed that his purchase of MAS stakes was on the instructions of then Prime Minister Datuk Seri Dr Mahathir and Finance Minister Datuk Seri Daim Zainuddin. Mahathir denied issuing such an order. Minister in the Prime Minister’s Department, Datuk Seri Mohd Nazri had also reportedly informed litigants that all suits against Tajudin would be settled out-of-court.

    Transparency International Malaysia chairperson Paul Low has classified the case as an abuse of power. A former city CID chief also urged the police to investigate if the settlement was made to screen any ‘parties from legal punishment or to suppress evidence of criminal wrongdoings’.

    While condemnation is hurled at the judiciary, a Kampung Pandan imam’s expression of criticism would be a ‘shoe-in’ for being the boldest, if not downright shocking. Hoslan Hussain had flung his shoes at three judges, when he was ordered to vacate his premises because of disciplinary problems. The imam claimed that the real reason he was being removed was because he had been highlighting corruption and abuse of funds at the Ar Rahimah mosque.
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    Dr M says had no choice but to bail out Tajudin Ramli’s MAS


    By Shannon Teoh
    February 24, 2012

    Tun Dr Mahathir Mohammad defended his administration's bailout of Malaysia Airlines, saying it was "urgent" to "turn the company around." — File pic

    KUALA LUMPUR, Feb 24 - Tun Dr Mahathir Mohamad admitted today his administration's 2001 bailout of Malaysia Airlines (MAS) resulted in a loss of public funds but was necessary to turn the national carrier around."People don't lose money for nothing but the takeover was very urgent because we had to turn the company around," the former prime minister (right) said of the move to buy MAS back at more than twice the market value at a cost of RM1.8 billion.

    The government took control of MAS after paying RM8 per share to Tajudin instead of the market value of RM3.68.

    But he pointed out to reporters today that the government had lost taxpayers' money many times and accused the media of "being selective in focusing" on the MAS-Tajudin Ramli saga.

    "The government lost money when it cancelled the double tracking and electrification between Ipoh and Padang Besar. We lost about RM8 billion," he said of the project that was shelved by his successor Tun Abdullah Badawi after taking power in 2003.

    Dr Mahathir, who is still highly influential in Umno despite stepping down as president, had criticised Abdullah for cancelling the project, which was eventually revived in 2007.

    His policies have been the subject of scrutiny in recent weeks after the Najib administration decided to settle out of court the outstanding RM589 million debt owed by Tajudin from the loan he took to buy MAS in 1994.

    The settlement sum was undisclosed, prompting intense public criticism and calls from lawmakers across the political divide for taxpayers to know how much of public funds had been recovered.

    Tajudin, 65, had served as the airline’s executive chairman from 1994 to 2001 and was a poster boy of former Finance Minister Tun Daim Zainuddin’s now-discredited policy of nurturing a class of Malay corporate captains on government largesse during the Mahathir administration.

    But Dr Mahathir denied today his government had handpicked Malays to be billionaires, saying the different races were represented at all levels of the economic ladder.

    He said when he was prime minister from 1981 to 2003, “other races also became millionaires and billionaires,” pointing to the likes of Berjaya’s recently retired chairman Tan Sri Vincent Tan, Hong Kong-based Robert Kuok and communications magnate Ananda Krishnan.

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    The MAS Saga: victims continue to fall

    NO HOLDS BARRED

    Monday, 27 February 2012 Super Admin

    Hafarizam’s claim that RPK’s allegations was mala fide and was aimed at dragging him and Zaki “into scandal and disrepute” is laughable. In the first place, Zaki is infamous for his playboy ways and has never had the credibility to become the Chief Justice. This was the man UMNO appointed as Chief Justice despite after he admitted in the Shariah Court that he married illegally in a textile shop in Perlis in order to get a Thai marriage certificate, which he later burned when the woman he married sought to enforce her rights as his second wife.
    NO HOLDS BARRED


    Bukit Aman Deep Throat

    In 2006, Malaysia Today started the series on the MAS story about how the national airline company, a company with a cash reserve of RM600 million in the bank, was pushed to the point of bankruptcy with RM8.8 billion in liabilities. MAS was bailed out by the Widespread Asset Unbundling (WAU) rescue scheme using taxpayers' money. Malaysia Today exposed that MAS’s former Chairman, Tan Sri Tajudin Ramli, could plunder MAS at will because it was all part of UMNO’s bigger plans at filling its political coffers and enriching its powerful members, especially its former Treasurer, Tun Daim Zainuddin.

    That this was all part of UMNO’s plans was revealed in several affidavits filed by Tajudin Ramli in his court papers against MAS and supported by recent court testimonies of other UMNO cronies such as Dato Seri Rahman Maidin who once helmed MRCB and Tan Sri Halim Saad of Renong in other cases that came up for trial over the past year.


    The UMNO modus operandi is still continuing, as can be seen from the NFC RM250,000 million Scandal involving Shahrizat Jalil’s family and the Kinrara-Damansara Expressway (Kidex) RM2.2 billion project involving the ex-Chief Justice and UMNO’s Legal Advisor. In the NFC scandal, the MACC dragged its feet and passed the buck to the police by saying that the investigations did not fall under the ambit of the MACC Act. Suddenly, the MACC is curtailing its own powers when it comes to investigating UMNO big guns!

    Not wanting to be made a whipping boy in this whole episode, the police have now passed the buck to AG Gani Patail to take action by disclosing that they have recommended to AG Gani Patail that Shahrizat’s husband and children be charged for CBT.

    In the Kidex matter, the RM2.2 billion project was awarded to Emrail Sdn Bhd and Zabima Engineering Sdn Bhd, both without any highway construction experience, but were awarded still because the players of these two companies are UMNO lawyer Hafarizam Harun and former Chief Justice Zaki Azmi. RPK revealed that is their reward for their efforts to ensure the ousting of the Pakatan Rakyat state government in Perak.


    Hafarizam’s claim that RPK’s allegations was mala fide and was aimed at dragging him and Zaki “into scandal and disrepute” is laughable. In the first place, Zaki is infamous for his playboy ways and has never had the credibility to become the Chief Justice. This was the man UMNO appointed as Chief Justice despite after he admitted in the Shariah Court that he married illegally in a textile shop in Perlis in order to get a Thai marriage certificate, which he later burned when the woman he married sought to enforce her rights as his second wife.


    So, what mala fide and ill-repute on RPK’s part is Hafarizam talking about?
    Back to the MAS case, Malaysians would still remember the extent UMNO would go to cover up for Tajuddin in the MAS Scandal. In 2006, then MAS Managing Director Idris Jala accompanied Dato Ramli Yussuf, then the Director of Commercial Crimes Investigation Department (CCID), to brief then PM Abdullah Badawi about Tajudin’s misconducts. Ramli Yusuff even prepared a report recommending that Tajudin should be charged. For doing that, some months later, Ramli was discredited by the mainstream media as a corrupted cop. Ramli engaged Lawyer Rosli Dahlan to defend him.


    What the public may not realise is that it was Rosli Dahlan, as the MAS external lawyer, who had exposed Tajuddin’s related third party contracts and has been fighting all the MAS cases against Tajuddin and his camouflaged third party companies. To erode Dato’ Ramli’s credibility for writing the report to Abdullah Badawi, they needed to first bring Rosli down. This they did by making the MACC brutally arrest and charge him just the day before Hari Raya of 2007. Then, on 1st November 2007, Dato Ramli was stripped off his rank as Commissioner of Police and charged for purportedly unauthorised use of a Police Cessna. The rest of Rosli’s and Ramli’s story were already reported previously by Malaysia Today.


    So, only in Malaysia do the real crooks get off while the innocent whistle blowers get charged.


    As proof that all that Malaysia Today had reported in the MAS Story series since 2006 are the truth and nothing but the truth, five years later, on 8th August 2011, Minister Nazri Aziz issued his infamous letter directing MAS to sack Rosli’s firm and replace them with the UMNO lawyer Hafarizam. This was in order that all the shenanigans in the GLCs including in the MAS cases will not be discovered.


    Last Tuesday, 21st February 2012, Tajuddin settled with Danaharta, Telekom Malaysia Bhd, Naluri Corporation, Celcom (M) Bhd, Atlan Holding Bhd and CIMB Group. The only GLC not settling yet is MAS. Sources say that it is because Rosli is still leading the MAS series of litigation despite his name not appearing in the case.


    On the settlement, Transparency International Malaysia Chairperson, Paul Low, issued a statement that the case indicated blatant abuses of power and a lack of prudence in the managing of the country’s finances, resulting in losses of public funds. Low also warned that following the court settlement, Malaysia’s aspiration of having good governance has also come under scrutiny:


    “His (Tajuddin’s) claim that the government (through the assurance given by the then Prime Minister and Minister of Finance) had indemnified him of any liability incurred in his purchase of the MAS shares from Bank Negara needed to be substantiated and disclosed by the institutions and the ministers concerned.


    We are extremely concerned as to the lack of public disclosure of the reasons for what seems to be a ‘arbitrary write-off’ of the RM589 million loan owed by Tajuddin relating to his purchase of MAS shares,” Low told Malaysiakini.


    Since CJ Zaki’s retirement, there is some independent streak in the Malaysian judiciary. So, later this week, all that Malaysia Today had reported about the MAS story since 2006 would unfold in court when the MAS cases come to trial before Justice Rosila Ayob. Let’s see if something happens to this Judge for “judicial indiscipline” for not following the Court of Appeal, which had already allowed Tajuddin’s request for adjournment in the MAS cases before that court.

    To prevent the MAS trial from proceeding smoothly, early this year one of MAS key witnesses, Raja Azura Mahayudin, who prepared the audit report of Tajuddin’s related party contracts, was moved out of MAS. She has been rewarded with a position as CEO of the Peneraju Bumiputera Foundation Fund. That was how they bought Idris Jala’s silence by making him a Minister in charge of PEMANDU.

    On the other hand, Shahari Sulaiman, the man who lodged an MACC report on 20th May 2009 against Tajuddin and others who covered up the case, was quietly removed from his position as Managing Director of MASKargo on some obscure allegations of corruptions. To discredit Shahari as a witness in the MAS cases, and to remind Shahari of what they did to Dato Ramli in 2007, the MACC ransacked Shahari’s house on 1st November 2011 in full view of his wife, children and neighbors.


    Déjà Vu!

    Then, in further repeat of what happened in 2007 to Dato Ramli and Rosli Dahlan, just last week, on 22nd February 2012, Shahari Sulaiman was hauled up by the MACC and subjected to a 13-hour interrogation grilling. To inflict maximum damage and fear, the MACC also gave notice that they will also grill Shahari’s wife, who has nothing to do with the husband’s business affairs.

    Dato Ramli and Rosli may have been acquitted by independent-minded Sessions Court Judges, but AG Gani has pursued and is still pursuing appeals in the High Court, the Court of Appeal and the Federal Court against them. These appeals against Ramli and Rosli appear totally senseless when the country can see bigger abuses committed by UMNO goons and cronies not acted on by AG Gani Patail.

    Dates seem important in all these. This is the Water Dragon year. Apparently Dato Ramli was born on 29th February 1952, which was a Water Dragon year. So, Dato Ramli is not just a Water Dragon baby but also a leap year child, which makes him very special -- thus, explaining why all these “special” things happened to him. The Chinese believe that if one completes the five cycles of the Water Dragon year, once will go straight to heaven. I have this to say to Dato Ramli: having gone to the abyss of hell in the past five years, he deserves to now go to heaven.


    Happy Birthday, Dato Ramli!



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    Tajudin deal connected to 1992 forex losses?

    FMT Staff
    | February 27, 2012
    Popular blogger Raja Petra says the settling of Tajudin's debts is proof that Malaysians today are still paying for huge losses suffered in the 1992 financial scandal.


    PETALING JAYA: Did the government agree to the RM589 million out-of-court settlement of Tajudin Ramli’s debts because it wanted to cover up the extent of the massive foreign exchange (forex) losses made under Dr Mahathir Mohamad in 1992 and 1993?

    This was the question raised by popular blogger Raja Petra Kamarudin in his article published today in Malaysia Today.

    He claimed that the lopsided out-of-court agreement with former MAS executive chairman Tajudin Ramli over the Malaysia Airlines takeover fiasco was to ensure that the truth about the forex losses suffered almost 20 years ago did not resurface.

    “The settling of Tajudin’s debts is proof that Malaysians today are still paying for the RM100 billion Mahathir financial scandals,” he said.

    Raja Petra added that Tajudin himself had claimed in his court documents that Mahathir instructed him to acquire a 32% stake in MAS in 1994 to “bail out Bank Negara which had experienced massive losses in foreign exchange”. This was, however, denied by Mahathir.

    “In other words, Tajudin was just doing ‘national service’ on the instructions of Mahathir,” said Raja Petra.

    “And the whole objective of this exercise… was to cover Malaysia’s massive forex losses.”

    “Hence, you can’t look at this MAS multi-billion disaster in isolation. You need to look at it in the context of the earlier scandal, the forex disaster, which the MAS exercise is supposed to cover,” he said.

    Raja Petra also said that most Malaysians have forgotten the forex scandal, “or somehow do not see the link between that old episode and the current MAS scandal”.

    He further said that a police investigation had also revealed that there was an alleged collusion between the police and the Attorney-General’s Chambers (AGC) to not prosecute Tajudin for allegedly committing offences which resulted in MAS losing RM8 billion.

    He claimed that the powers-that-be has filed the criminal matter under NFA (no further action), just as the civil matter has been settled out of court.

    “Was this to ensure that the real purpose of the MAS exercise would not become public knowledge?

    “Was it so that Malaysians would never find out that the RM8 billion MAS hole was to cover an even bigger forex hole that was created back in 1992 and 1993?” he asked.

    Part of Umno’s plans

    In another article, also published today in Malaysia Today, Raja Petra said that Tajudin “could plunder” MAS at will because it was all part of Umno’s bigger plans at filling its political coffers and enriching its powerful members.
    That this was all part of Umno’s plans was revealed in several affidavits filed by Tajudin in his court papers against MAS, he added.

    It was also supported by recent court testimonies of other Umno cronies like Rahman Maidin who once helmed MRCB and Halim Saad of Renong in other cases that came to trial over the past year.

    He added that the Umno modus operandi was still continuing as can be seen from the National Feedlot Corporation scandal involving Shahrizat Abdul Jalil’s family and the Kinrara-Damansara Expressway (Kidex) RM2.2 billion project involving the former Chief Justice and Umno’s legal adviser.

    In the MAS matter, Raja Petra claimed that Umno covered up the scandal despite a report prepared by the then Commercial Crimes Investigation Department director Ramli Yussuf.

    He said that Ramli had briefed Prime Minister Abdullah Ahmad Badawi in 2006 about Tajudin’s alleged misconduct and was even ready to recommend that Tajudin be charged.

    He added that to erode Ramli’s credibility, the powers-that-be also decided to bring down his lawyer Rosli Dahlan.

    “This they did by making the MACC brutally arrest and charge him just the day before Hari Raya of 2007. Then, on Nov 1, 2007, Ramli was stripped off his rank as Commissioner of Police and charged with purportedly unauthorised use of a police Cessna (aircraft),” he said.

    He also claimed that another key witness in the MAS trial, Raja Azura Mahayudin, who prepared the audit report of Tajudin’s related party contracts, was moved out of MAS, and appointed as the CEO of the Peneraju Bumiputera Foundation Fund.

    “On the other hand, Shahari Sulaiman, the man who lodged a MACC report on May 20, 2009, against Tajudin and others who covered up the case, was quietly removed from his position as managing director of MASKargo on some obscure allegations of corruption.

    “To discredit Shahari as a witness in the MAS cases, and to remind Shahari of what they did to Ramli in 2007, the MACC ransacked Shahari’s house on Nov 1, 2011 in full view of his wife, children and neighbours,” he said.

    Also read:

    One disaster to cover another disaster (part 1)
    The MAS Saga: victims continue to fall

    py

  10. #10
    Join Date
    Oct 2008
    Posts
    13,392
    Dr. Mohamadon Abdullah a.k.a. Dr Don, one of the pioneers of MAS wrote:

    Malaysia Airlines grew from a small Domestic & Regional Carrier to a major player in Airline Premier League.

    Engineering developed from a Line Maintenance Facility to become a major Aircraft Overhaul Facility in the region (initially supported by expatriate staff but ultimately replaced by Malaysians, through a structured Nationalization programme).

    Flight Catering operated from a small flight kitchen and became a preferred Catering Supplier.

    Flight Operations has been recognized as one the best in the world and our Pilots are in great demand, due to a rigid technical training and human factors programmes.

    There are many more areas that we can really be proud of. Management Succession Plan was emplaced.

    All these were destroyed in 1994 as a result of the so called “restructuring”and the “virtual airline” concept.

    I recall 254 years of engineering “experience” were cast aside by just a stroke of a pen.

    Malaysia Airlines Academy was planned to be a Centre of excellence but now has become “Manipal University”.

    Today, MAS has engaged many foreign expertises either through direct recruit or through “Consulting” services (which result in $$$$$ outflow).
    Credit and recognition must be given to the pioneer Leaders who took the airline from operating BN2s, F27 and B737-200 to the modern fleet of B747s, B737s, B777s, DC-10s and Airbus series.

    Now a foreigner who has no inkling of why MAS was established and has developed (and never gone through the pains of the early years) has been appointed an Advisor.

    Imagine, a foreign Company is providing Catering Services at Malaysia’s major Aviation Hub.

    What a JOKE after 55 Years of Independence! Where is that Malaysian Pride? It is indeed a NATIONAL TRAGEDY.

    Mohamadon Abdullah
    >>>>>>>>>>>>>>>>>>>

    Former MAS Managing Director Tan Sri Abdul Aziz Abdul Rahman wrote;


    I have just read your article and would like to add my views. I am of the view that the air transport industry in the country has over the years been mired by wrong government decisions and periodical mismanagement by the operators.

    The current state of affairs of MAS has been caused by:

    (i) Some 15 years ago MAS management was messed up and the very fabric of its operation was destroyed and until now it has not been fully revived despite efforts being made to revive it.

    (ii) The situation has been compounded by the wrong decisions of the government to allow Air Asia to operate on domestic and regional routes in the beginning and later on long haul routes without any proper study on the impact.

    (iii) The authorities failed to appreciate the role and responsibilities of a National Carrier and wrongly placed MAS to compete against a private low cost carrier. It should be noted that it was wrong to convert Air-Asia’s license from international routes not operated by MAS into domestic routes without any study on the impact.

    (iv) Those concerned have failed to appreciate that Malaysia ’s air transport premier travel market is very small and that the market is very ‘price sensitive.

    There is no way that MAS can compete against Air Asia. Up to now I must say that ‘Nasi hampir jadi bubur’. If they carry out their proposed scheme I confirm that ‘ Nasi terus jadi bubur’.

    I am surprised that so many clever people cannot under stand simple arithmetic.

    You may distribute my comments to the members of your network.

    With kind regards,
    Tan Sri Abdul Aziz Abdul Rahman.
    py

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