
The sudden announcement of the secret MAS – Air Asia share swap was a repeat of the sale of the 70% of MAS Catering Sdn Bhd (MCSB)

The sudden announcement of the secret MAS – Air Asia share swap was a repeat of the sale of the 70% of MAS Catering Sdn Bhd (MCSB)
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Now I see. the cannibalising MAS began in 2003. Now is just to follow thru. The personalities are all clearly set out. the Share Swap is just another scam! Thank you YB for taking the time to give us an account of it. very interesting reading.
MAS has been raped in 2003 under Tan Sri Md Nor during the Badawi government.
Good evening YB, I know you are going to have a tough time in October. Esp if you are the only one forcing the issue. But please persevere! The only way for this matter not to be swept under the carpet is if there are many voices in parliament echoing the frustrations felt by the citizens.
How I wish that the opposition will champion this instead of all the silly, irrelevant stuff that they like to bring up.
Hi Sharifah
I will do my best to bring this matter to Parliament. This is a very serious matter that the sale of Mas Catering Sdn Bhd may have contributed to the losses of MAS. I will psst an update to this posting later.
Thnak you for your encouragement.
Thank you.
Regards
weee choo keong
AWESOME YB, you are 99.9999% correct. The battle has just begun… Guerilla style. Btw you look like a tiger on tv3. The crooks better run now or they will end up like the Gaddafis.
Hulala! I couldn’t believe what I read! WAU! WAU! WAU! It was a ral WAU tehn. It was true that this was and is the way to make MAS “lighter”. And at the same tie make the pcoket heavier so that Everyone Can Fly Higher!
Shameless Md Nor and Shameless lots!
YB WCK, go go go, one have to stop those Cannibbals once and for all. All this while they r just like cat with nine life, always able to get away with their looting and thieving…rakyat shoulder YB with countless support.
Dear YB Wee,
We the rakyat simply need more MPs like you who could raise issues of public accountability through well researched points. I am not sure though how much support you would get from either side of the bench but trust me, you are not a lone crusader.
Thank you for your valuable comments. I know that it is not going to easy, I will definitely try my level best to get the Parliamentary machineries going against them if they still press after the glaring facts that I have published in this blog.
By the way I have already tabled six questions on this scandalous share swap alone. I am entitled to table ten questions for oral answers. I am only entitled to ten every session. Therefore, I had to scarify several important questions. But it is worth my while to do so because this share swap will determine the future of MAS, OUR national carrier and OUR AMBASSADOR worldwide. I hope that some of my friends/constituents will understand why I soldier on despite all the obstacles and the LOBBYISTS at work. You know who I meant.
With yours and the help of other Malaysians I believe we. We must help our PM to carry out his immediate goals to put 1Malayia on track and the abolishment of several draconian laws, which YAB PM has just announced tonight. I really hope that they will not burden YAB PM with their problems.
I pray that these people are still GOD FEARING and will allow reasons to major their will – call off this scandalous share swap. Get the real aviation professionals to manage MAS and I believe that MAS can fly to a majestic height that we have never seen before. It is our national duty to defend and fight for MAS for the better of our WAU BULAN. The WAU was KOYAKed by the sale of MCSB before it took off.
Thank you for your encouragement and reading my blog.
With kindest regards
wee choo keong
.
YB CK Wee
In your last para you said
“Please take notice that if YB Tan Sri Nor Mohamad Yakop and company are mindful in pressing ahead with the scandalous secret share swap”.
For them to comply to your request, they would have to rescind the agreement(s), which we were told had been “signed-sealed-and delivered”. I think this would be quite impossible, even for the PM to do.
So please be prepared to ask your list of questions. Even if they are prepared to rescind the agreements, we expect you to go ahead and ask your questions. Not because the MAS-AA deal was stopped, BUT it is to stop similar deals to be repeated in the future.
As your analysis had clearly shown, the MAS-AA deal was itself a repeat of the MAS Catering Sdn Bhd case. Similarly the MAS-AA case is a also mirror of the earlier purchase of Avenue Capital by ECM Libra.
As Sharifah had said – the opposition MPs should also speak up. To add to her suggestion, i would like to include also the BN MPs. If the UMNO MPs wish to keep quiet, MCA, Gerakan, MIC MPs must speak up.
The Rakyat are so aggrieved and tired of these wrong-doings. We are prepared to vote for the opposition in the GE13 just to signal to the BN Government, that these bad behaviours has to stop NOW. We cannot affords to let Malaysia be condemned to join the heap of no-hope African states.
Ekonomis Kampong
Economist Kampong
Thank you for your comments and other comments.
I have already tabled six questions for oral answer on the subject matter. The battle is definitely on bro. Even if they back down, which I don’t think so, because the stakes are too high.
Well I hope that Najib’s government will let reasons to major its will. I believe we if we all join hands and fight this scandalous share swap. Even if it was already suap lets make sure they mudah!
Thank you for your help and encouragement. I am also a kampong boy but not quiet an Economist like you. He! He!
With kindest regards
wee choo keong
WeeChooKeong,
Tahniah .Satu laporan yang amat mengerunkan.
Dalam kanun undang undang negara , di manakah kita bolih dakwa setiap nama yang terlibat dan di sebut ?
Ini kerja siapa dan jenis apa ?
Lanun ?
Keturunan Slater Walker ?
Securities Act ?
Companies Act 1967 ?
Corrupt Parctices ?
Insider trading ?
Take over code ?
Anda peguam kan, tolong huraikan ?
Kalau cukup , bila nak tubuhkan RCI ?
Terima Kasih dan teruskan .
Perkara dan isu saperti tak bolih lepas dan jangan lepas.
arjuna waspada
changkat lobak.
what a happy family. they were all smiling away. But we are fu.k all the way. We will get them at the end of the day. Don’t worry YB. You have said it all and they have not been able to rebut in all the postings so far. the Alwafeer Air was enough for me to f..ck them.
Note: sorry had to edit a bit. Cannot allow those words otherwise.
How can you bring up this matter when you abandoned PR and became Bebas /BN friendly with Zulkifli and Zahrain ? You are going to do this to support Najib, so how can you expect other PR MPs or BN MPs to support you when all you want to portray is polishing Najib !
Why haven’t you written anything about Synergy Drive whereby CIMB boss made millions in fees in merging Sime Darby , Gutrie and Golden Hope plantation companies ? Have got no issues with Nazir Razak of CIMB who is paid RM 1.2 million a month ?
I can foresee nothing is going to happen as everything is in accordance to Malaysian laws.
Umar
Thank you for your comments.
How to stay with organisation that deceived its members and members of the public? How to tolerate politics of “Cakap Tak Serupa Bikin”, Nepotism and Willful Blindness? I have been very patient thinking that they will change but they have not. Look at how the land scandals in Selangor. They have set up Selcat and what happened. It became Dead Cat. Have you heard anything about it. Their politics are politic to Putrajaya and to be installed a PM. That is the only struggle. The people want nation building and not politicking. We want the country to prosper. We want the country to progress in an orderly fashion. Why soak yourself in an organisation when you longer share their aspiration to Putrajaya for Putrajaya sake? I am in the political arena long enough and I know that they have not changed. I can no longer tolerate so I leave.
I have spoken about Golden Hope and Sime Darby in Parliament. Please pass information/evidence on Synergy Drive and Nazir to me. I don’t speak in Parliament for the sake of speaking. Our voice will be heard when we present facts. Please send the information/evidence to my e-mail.
thank you.
Regards
wee choo keong
yb wee
these people are devoid of malu. High time you expose their vile acts in
bringing down a gomen linked kompeni.
quote fr the long running chingkie series [1] which gomen wants to chingkify
the nation , now properly applies to the crooked fellas-
if one loses money , it is ok bekoz we can work to get the money
if one loses a pangkat , it is a loss but it is still ok
but when these crooked fellas lose the sense of shame -they loat everything
mantan pm, yb’s , bina f..kers whatever have no more shame and therefore
lost their self respect
wan tan mhee
note: had to amend to avoid ill feeling amongst races.
Dear Malaysians,
The GLiC has made another BIG blunder by appointing the new MD due to many reasons below:
a. he is already 56 years old thus no pressure for him to perform, just collect gaji buta before retiring
b. his only experience in aviation is flying an experimental aircraft
c. he will be the scapegoat just like Fuaad, Jala and Azmir if the EXCO screw up and believe me the EXCO will screw up.
d. indirectly an admission that GLiC succession planning has failed big time
e. Please continue…..
Our highly courageous YB (who is not even in the aviation industry but very knowledgeable) has started the ball rolling and it is a BIG SHAME if we do not fight with him.
MASEU, MESA and true leaders, you must take it up to YAB PM as soon as possible since MAS ship is sinking very very fast and you are still on board. Otherwise it is a fait accompli.
We are ready to surface and see below for our contribution:
http://rockybru2.blogspot.com/2009/06/six-things-mas-must-do.html
http://rockybru2.blogspot.com/2009/06/mas-responds-to-hbloggers-posting.html
MORE TO COME!
Dear YB,
What a braves report. These gorrillas in khazanah and others will stop at nothing to continue cannibalising everything from MAS. Wonder why Menteri Kewangan keeps silence on the matter and Tun M do not say a word in his blog compared to his object when TF want to build Labu airport before. Wish there should be more like you in parliment YB.
YB very2 interesting article and I just read write up by Outsyed Box how MAS being “played out” by TS Tony Fernandez with regard MAS sponsor QPR FC jersey worth RM18mil.I hope YB will speak up without fear and favour during this coming Parliament session.Responsible citizens and sound peoples will give you 100% support.Wish you all the best and May God Bless you and family.
I like your words on ” the nation interst should be above all including money” in the earlier article. This is what lacking from Khazanah people. I have dealt with them for some years now when the started up till today. The has changed into an arrogant organization – could not care less about Malaysia interest. Fir example we the Mida / Miti are busy promoting for investment in Malaysia, those idiot invest billion in parkways. That did not include others investment overseas. We have to stop this. If you notice , most of the employees are Cambridge / Oxford educated . Probably there are Perception there those guys are brilliance. They are nothing more than idiots, lack of patriotism and a bunch of arrogance donkey. Please continue to push for the amount they paid to the consultants – you will be surprise the kind of the consultants they are using.
MAS Liberator
What exco? EXCo members: Md Nor know only to dispose good asset of MAS like MAS Catering Sdn Bhd, Azman yahya, Tony Fenandes, Kamarudin Meranun and Rashdan. Azman Yahya a director of Scomi. You know lah. Tony and Kamarudin from AA how to look after the interest of MAS. So obvious. You also know lah. Rashdan the eager beaver. Full of hot air and arrogance. Its doomsday for MAS with EXCO like this. Sudahlah. Just wait for MAS to gulung tikar and AA to be the main airline for Malaysia.
After the share swap was signed until now, what have the whizz kid Rashdan achieved? cancelled Firefly full load flights during Hari Raya, termination of Johor baru to KK & Kuching, change Firefly name to Sapphire and spending RM18 million of mAS money to sponsor Tony Fernandes’ QPR.
Whizz kid from the toilet of Cambridge, do you think the above your achievement? if yes, please go back to your toilet and study again lah. Idiot. You just want to screw up MAS thats all.
Testing
yb wee
terima kasih dan taniah kpd YB daya usaha pendedahan tersebut
setelah mendengar pendedahan melalui berita TV3 semalam saya terus exses blog yb dan ingatan sy kembali kpd satu kenyataan yang dibuat oleh Tony Fernandes aka “airbus3rd” . it was back in May 2008 i could still remember cos i was on MC leave and TV3 news shows a slot of Tony Fernandes challenging Idris Jala for a live debate and today as to confirm wat i heard 3.5yrs ago i did a search and yes the statement is as follows:-
I think TV3 should do a live debate and end this once and for all aa.. btw myself and Idris Jala u know Clinton and Obama can do it i m ready ok and it wl be on top rated show better than “Parliament”
better than “parliament” wat does he meant by that? kalu bg sy ini adalah adalah satu penghinaan terhadap parliment dan penghinaan terhadap Yang diPertuan Agong.
sila exses Airlines Want Go For Debate 20 May 2008 listen, dengar dan nilailah phrase tersebut
Tahniah, rakyat seperjuangan. Kita perlu nyahkan penyangak semua.
That was how Md Nor Md and the rest help MAS! If MAS is ok when WAU was in place then how to do a share swap now. YB please think lah. If MAS ok how can AirAsia survive until now.
To save MAS the first thing the PM had to do is to get rid of Tan Sri Nor Yakop, Tan Sri Azman Mokhtar and the whiz kid Rashdan. Then Datuk Azman Yahya, a Scomi. You know why lah. You think it is so easy to be a SCOMI boy?
If this first step is not done now then forget about. MAS will be cannibalized into pieces. at the end we will be left with the employee where the government ha to step in to help.
After 10 years, they still have not learned and this prove that they are not smart after all.
These crooks never learn. Just look at the Gaddafis, Mubarraks and Ben Ali.
MAS Union, do not be scared.
The whole Govt. machinery cannot catch Raja Petra and they have to revoke ISA instead.
YB, I wish to point out that your claim that MCSB was profitable and contributing to the profits of MAS was wrong.Please check the audited accounts of MCSB prior to the sale. The sale of 70% realised cash for MAS to assist in its turnaround. The Concession was given to ensure that the purchasers has an opportunity to obtain a fair return of its investment from the support of the concession revenue. Subsequently, the new managed entity made profits and dividends were paid to MAS. I fear you were misinformed and I believe your conclusions are unfair since its based on disinformation. I do not wish to support any party but the facts must be revealed not on mere heresay.
Hashim
Thank you for your comments.
If it was not profitable Datuk Ibrahim Hj Ahmad Badawi’s company (Gubahan Saujana Sdn Bhd) would not have bought 70% of MAS Catering Sdn Bhd. Since you know so much perhaps you should explain:
1. Since MAS catering was not doing: Gubahan Saujana Sdn Bhd was able to sell 51% of its 70% to Tamadam Bonded Warehouse Sdn Bhd for RM130 millions and 49% to LSG (a subsidiary of Lufthansa). Perhaps you can tell us all how much was the selling price of the 49%?
2. Why Tan Sri Md Nor did not annouce the back to back agreement that MAS must buy all its food supplies and cabin related services from MAS Catering (now LSG Sky Chefs Brahim) after the sale of its 70% share?
3. If this was not a one sided contract, please tell us why it was not one sided i.e. whether the prices of supplies are negotiable and what are hte safeguards in place in hte agreement that protect MAS.
4. No one in the right mind would have sold 70% MAS Catering. why sold to Gubahan Saujana Sdn Bhd?
4. What was the selling price of the 70 % share?
5. Why there was no open tender for the sale of the 70%?
6. If MAS Catering was doing so badly, do you think LSG (a subsidiary of Lufthansa) will be so stupid to buy 49% of the 70% of Gubahan”s share in MAS catering?
Perhaps these questions are beyond you because you are just doing your job to put your comments. These are the questions Khazanah, YB Tan Sri Nor Yakob and Tan Sri Md Nor Md Yusof had to explain in Parliament this October.
Anyway thank you very much for your attempt to do what you were trying to do. Let move on from you. October is not far away.
Thank you.
Have a good weekend for all.
With kindest regards
wee choo keong
5. Tell us what was the selling
It is a scam in the first place. Tony needed MAS badly. Look at the announcement of the share swap on 8.8.2011. The beside the shares change they went straight to screw Firefly, which is making money. Firefly had to change name. Why Why WHy? Tony is scared of Firefly because Firefly is doing well and rakyat are plesed.
AirAsia is doing well. My foot. From the day of its inception until now no dividen has been given to shareholders. AA ding well is a myth and everyday we are bombarded by press reports and press statement by this Tony. Put rofessional into MAS and no interference to stifle MAS tehn we will really see MAS flying high again.
Look at MAS Catering. How the then managment under Md Nor, who is now the chairman, sold it to Datuk Ibrahim bin Hj Ahmad (Badawi) then entered into a back to back exclusive agreement that MAS must buy all its supplies from MAS Catering for 25 years. Why the exclusive agreement? Md Nor must explain why did he sell and why was it necessary to enter into the exclusive agreement for 25 years. This was how they screw MAS and then claimed that MAS had to be saved.
MAS had to be saved form people like Md Nor, Azman Mokhtar and Tony.
Well done again, YB. Whack the sceptics too. Hoi tidor kah, kalau ilmu sejengkal jangan main di laut dalam. Ptuiii, these idiots never learn, ha.
THis was one of the way that these f..kers have been helping MAS. How about the restrictions they have been putting on MAS regarding its fares so that it can’t compete with AA.
No wonder MAS has made losses and then came the WAU and now share swap. Wo have they been helping? Now YB said it was Datuk Ibrahim bin Hj Ahmad. How come without Badawi at the back. May be he was shy of the name. Who wouldn’t?
Hashim
You have defended the sale. You are a great guy with no identity in cyber space. Show us who you are then talk. Anyway please answer the questions posed by YB in his answers to your comments.
YB’s posting are full of hard facts. I have been reading YB’s posting so far contained factual statements. Teruskan perjuangan. We are with you to fight them. Don’t entertain such faceless people like Hashim. Why are Nor Yakob, Azman mokhtar, Rashdan and Md Nor Md Yusof are keeping so quiet – deafening silence. thnak you.
I dont think these source can make any change at all….. it has been done…. Goodbye Old Mas… welcome mother f..ker Airasia…. you can now access at any Mas f..king hole anytime….your access is acceptable in Mas …..
note: just a slight edition. No vulgarity lah. thank kyou
hashim is just a penulis sundal-no brain talk shit all day. Look this is not an umno
meeting where almost all of who attended have no education or even those
with education also want to be sundal. Umno sundalised men and women alike….
Tamadam buying Dewina Host for $20 million ?
Dewina Host is not even worth 1 million !