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20th Oct 2005, 01:05
MAS sues Tajudin and duo for RM174m
PETALING JAYA: Malaysia Airline System Berhad is suing its former executive chairman Tan Sri Tajudin Ramli and two others for RM174.6mil over losses suffered by the company during his tenure.
The suit was filed at the Shah Alam High Court yesterday.
According to an announcement on the Bursa Malaysia website, Tajudin was named as defendant together with former MasKargo vice-president Ralph Manfred Gotz and Uwe Juergen Beck, a former consultant of the company.
MAS claimed that it had suffered losses resulting from, among other things, the breaches of duties owed by the defendants to the company during Tajudin’s tenure as executive chairman.
The company claimed that the losses were related to its cargo operations in Hahn Airport, Germany, from March 1999 to July 2001.
MAS is seeking a total of RM174,620,695 from the defendants.
It was reported in July that the Federal Commercial Crime Department was investigating the award of the MasKargo service operations contract at Hahn airport.
It was reported that officers from the department had interviewed scores of past and present top executives and officials of MAS.
Among the top executives quizzed were Tajudin, former company secretary Rizana Mohd Daud who is Tajudin’s sister-in-law, former director Wan Aishah Wan Hamid and Gotz.
A report was lodged following an audit report by the new management after the Government bought back the national carrier.
Dr Mohamadon Abdullah, who was then MAS corporate services senior general manager, made the report on Jan 9, 2002.
The report was over two controversial cargo ventures – in Hahn in 1999 and in Sharjah, the United Arab Emirates, in 2000 – that saw MAS losing RM11mil monthly.
The deals were said to have been opposed by the board of directors but nevertheless executed, and two senior officials quit in protest.
:ouch:
PETALING JAYA: Malaysia Airline System Berhad is suing its former executive chairman Tan Sri Tajudin Ramli and two others for RM174.6mil over losses suffered by the company during his tenure.
The suit was filed at the Shah Alam High Court yesterday.
According to an announcement on the Bursa Malaysia website, Tajudin was named as defendant together with former MasKargo vice-president Ralph Manfred Gotz and Uwe Juergen Beck, a former consultant of the company.
MAS claimed that it had suffered losses resulting from, among other things, the breaches of duties owed by the defendants to the company during Tajudin’s tenure as executive chairman.
The company claimed that the losses were related to its cargo operations in Hahn Airport, Germany, from March 1999 to July 2001.
MAS is seeking a total of RM174,620,695 from the defendants.
It was reported in July that the Federal Commercial Crime Department was investigating the award of the MasKargo service operations contract at Hahn airport.
It was reported that officers from the department had interviewed scores of past and present top executives and officials of MAS.
Among the top executives quizzed were Tajudin, former company secretary Rizana Mohd Daud who is Tajudin’s sister-in-law, former director Wan Aishah Wan Hamid and Gotz.
A report was lodged following an audit report by the new management after the Government bought back the national carrier.
Dr Mohamadon Abdullah, who was then MAS corporate services senior general manager, made the report on Jan 9, 2002.
The report was over two controversial cargo ventures – in Hahn in 1999 and in Sharjah, the United Arab Emirates, in 2000 – that saw MAS losing RM11mil monthly.
The deals were said to have been opposed by the board of directors but nevertheless executed, and two senior officials quit in protest.
:ouch: