PAC – Page 2 – Wee Choo Keong

PAC to investigate into the secret MAS-AirAsia share swap

November 3, 2011 by admin

During the Committee Stage of the Budget Debate this evening (2-11-2011), yours truly had to bring up the secret MAS-AirAsia share swap again because the Minister of Finance II did not answer the points raised during the Budget Policy Debate.

Dr Wafi: MAS – AirAsia share swap contravened Competition Act?

October 12, 2011 by admin

[caption id=”attachment_8461″ align=”aligncenter” width=”138″ caption=”Dr Wafi Nazrin Tan Sri Abdul Hamid:

Deputy Finance Minister told Parliament: MAS-AirAsia share swap based on share price on 5-8-2011

October 4, 2011 by admin

Awang Adek & Tony — YB Datuk Awang Adek with Datuk Tony (as he then was) during the "happy hours" in 2007.

Awang Adek looking worried — Mr Dep Minister must be thinking about his not so clever answers now!

YB Datuk Awang Adek, the Deputy Finance Minister told Parliament during Questions Time that MAS – AirAsia share swap of 20.5% MAS share against 10% AirAsia Bhd was based on closing price of both share counters on 5-8-2011. The Deputy Minister also told Parliament that said share swap was all about “KERJASAMA”/Co-operations between the two airlines. But he could not elaborate what he meant by “Kerjasama”/co-operation. He also said the public will be told of the “Kerjasama” from time to time. Why from time to time? Why not do a tell-all now. Are there anything to hide, Mr Deputy Finance Minister?

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