Updates on 7-2-2020 @ 5:30 pm: PMO has clarified that the press reports of what YAB Dr Mahathir Mohamed had said about the Airbus had bribed the AirAsia executive 1 and 2 are inaccurate. What the PM had said was: “If payment goes to the individuals then it is a bribe”. If the benefits goes to the individual it is also bribe. Please read HERE.
Updates on 6-2-2020 @11:30 pm: Sri Lanka arrest its former airline chief executive Chandrasena and his wife over the Airbus bribery scandal exposed in the Judgment of the UK Crown Court on 31-1-2020. In the same Judgement the evidence is crystal clear that Airbus had paid bribe of RM204 million to two AirAsia executives 1 & 2, HERE.
The Statement of Facts and Approved Judgment in the case of Serious Fraud Office UK vs Rolls Royce Energy System Inc (RR) dated 17 January 2017 provides a clear insight into the modus operandi of the top executives and/or senior officers in AirAsia Group and AirAsia X internationally. It was all about personal enrichment at the expense of the rakyat (investing public).
With their track records in this RR case and the recent Airbus bribery scandal, one will not be very wrong to suspect they had been and still are operating with the same or similar modus operandi in Malaysia or other countries. Can our past and present Ministers and/or top officials in the enforcement agencies like Security Commission, Bursa Kuala Lumpur and others speak up on these “uncovered” corrupt practices? Of course, their motto is “silence is golden” at this difficult time for their “friends”. These top executives of AirAsia Group and AAX referred to in the said two cases of RR and Airbus have brought Malaysia into disrepute internationally.
Let see what actions the Ministry of Transport and the Ministry of Sport & Youth (on the chairman of Stadium Board) under “Malaysia Baru” are going to take or for how long both are going to play dumb in the light of the findings of bribery or corrupt practices in connection with the top executives of AirAsia Group and AirAsia X.
For background articles please read, HERE, HERE, HERE & HERE.
The 2017 RR Case in UK
The RR case was about the top executive or senior of AirAsia Group who in 2011 wanted to buy a PRIVATE JET and was devising a scheme for the maintenance cost of the said private jet to be paid through the account of AirAsia X with RR. The private jet was finally bought in late 2011. There were more than sufficient evidence found in the said RR case on how blatant was the modus operandi of the said executive and/or senior officers of AirAsia Group and AirAsia X in securing the free maintenance for the AirAsia Group executive’s personal jet at the expense of the shareholders of AirAsia X!
The Judgement & Statement Of Facts On The RR Scandal
They AirAsia Group executive and AirAsia X senior executive were specifically referred to in the Judgement of the Learned Honourable Justice Sir Brian Leveson, the President of the UK Queen’s Bench Division (court) in UK. The Statement of Facts comprised of 52 pages. This bribery or corrupt practice case was investigated by SFO and Department of Justice USA (DOJ).
The said Rolls Royce’s bribery / corrupt practice case also happened in Indonesia (Garuda), Thailand (Thai Airways), India (Defence), Russia, Indonesia (Energy), Nigeria (Energy), Indonesia (Civil), China and of course, Malaysia (AirAsia & AirAsia X) can not be left out.
In the said Statement of Facts of the UK Crown Court, there were three important personalities from AirAsia Group and AirAsia X, They were referred to as:
“AirAsia Group (AAG) executive”
“AAX executive”
“AAX senior employee”
Count 12 Of The Statement Of Facts (AirAsia & AirAsia X)
Summary of Count 12:
RR Failure to Prevent Bribery between 1 July 2011 and 30 November 2013.
RR failed to prevent its employees from providing an Air Asia Group (
2 thoughts on “Now Everyone Can Defraud Shareholders Of AAX”
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In the Rolls Royce case 2 crooks in airasia have been cheating minority shareholders in AirAsia X as simple as that.
In the Airbus case the same 2 crooks are cheating the minority shareholders in AirAsia and AirAsia X. From the evidence no one should ever touch the share of AA & AAX if u value your money. If you buy shares in AA or AAX you are as good as throwing your money into the long kang. Stay away from AA or AAX.
Now we want to see what the useless SC, Bursa and MACC are going to do to these 2 crooks / con men!
AIrAsia Executive 1 and 2 are 2 known corporate con men. SC cannot pretend to close their eyes like in the Rolls Royce case. MACC should investigate into why SC didn’t take any action during Datuk Ranjit Singh (previous chairman of sc) time. These 2 executive 1 & 2 are good in buying the officers in the enforcement agencies. Luckily they could not buy or interfere with the investigations done by Serious Fraud Office of UK. Is the new SC chairman Syed Zaid Albar??? Anyone care to give an insight on this guy??