The MAS debacle
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The MAS debacle
This article pertains to the implosion of MAS's finances in the 90's......
RM8 billion MAS loss: Who is protecting Tajuddin?
By Qayum Rahman, Free Malaysia Today
Who is protecting former Malaysia Airlines Sdn Bhd (MAS) chairman Tajuddin Ramli from being investigated in relation to the RM8 billion loss the airline suffered in 2002? This was the question posed by PAS vice-president Salahuddin Ayub at a news conference earlier today.
Displaying a document related to the RM8 billion loss, he asked why the Malaysian Anti-Corruption Commission (MACC) had not taken action on a complaint lodged against Tajuddin.
He also asked why MACC had forwarded the complaint to the Commercial Crime Investigation Department.
“Who is protecting this criminal and this big case from being investigated?
“We want to know why MACC did not act on a report lodged by MAS against Tajuddin . MACC should have investigated the report but it instead forwarded the complaint to the Commercial Crime Investigation Departmednt,” he said.
Salahuddin also showed reporters a letter dated March 26, 2007 from the former Commercial Crime Investigation Department director Ramli Yusoff to then prime minister Abdullah Ahmad Badawi.
The letter detailed the allegation against Tajuddin.
“Ramli had a special meeting with Abdullah where he explained that the contents of the letter were sufficient evidence to charge Tajudin.
“Even the Commercial Crime Investigation Department had made several proposals for prosecution but no drastic action had been taken in the case,” he said.
Salahuddin added that there appeared to be a conspiracy between the MACC and the police.
“Going by this document, MAS is of the opinion that MACC’s disclosure of the matter to the police shows a collaboration to cover up the loss
By Qayum Rahman, Free Malaysia Today
Who is protecting former Malaysia Airlines Sdn Bhd (MAS) chairman Tajuddin Ramli from being investigated in relation to the RM8 billion loss the airline suffered in 2002? This was the question posed by PAS vice-president Salahuddin Ayub at a news conference earlier today.
Displaying a document related to the RM8 billion loss, he asked why the Malaysian Anti-Corruption Commission (MACC) had not taken action on a complaint lodged against Tajuddin.
He also asked why MACC had forwarded the complaint to the Commercial Crime Investigation Department.
“Who is protecting this criminal and this big case from being investigated?
“We want to know why MACC did not act on a report lodged by MAS against Tajuddin . MACC should have investigated the report but it instead forwarded the complaint to the Commercial Crime Investigation Departmednt,” he said.
Salahuddin also showed reporters a letter dated March 26, 2007 from the former Commercial Crime Investigation Department director Ramli Yusoff to then prime minister Abdullah Ahmad Badawi.
The letter detailed the allegation against Tajuddin.
“Ramli had a special meeting with Abdullah where he explained that the contents of the letter were sufficient evidence to charge Tajudin.
“Even the Commercial Crime Investigation Department had made several proposals for prosecution but no drastic action had been taken in the case,” he said.
Salahuddin added that there appeared to be a conspiracy between the MACC and the police.
“Going by this document, MAS is of the opinion that MACC’s disclosure of the matter to the police shows a collaboration to cover up the loss
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The answer : probably in the picture!
MAS was a buffet train then and still is. The big guys misappropriated millions to add to their ill gotten gains and smaller fishes snipped away thousands. Remember the double dipping when MAS was tied up with Jet Airways. The MACC should try to get the smaller fishes and then with luck, nap some medium sized one. Dare I hope?
MAS was a buffet train then and still is. The big guys misappropriated millions to add to their ill gotten gains and smaller fishes snipped away thousands. Remember the double dipping when MAS was tied up with Jet Airways. The MACC should try to get the smaller fishes and then with luck, nap some medium sized one. Dare I hope?
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Yeah, start with the small fish and get them to sing like a canary? Now, don't get me started on the corrupted low lifes that cause MAS to haemorrhage. It was bloody sickening that all our hard work and goodwill went to waste.
True, MACC should go after the double dippers. At least we will have some wayang and the lato g-string to crap bricks in the desert.
True, MACC should go after the double dippers. At least we will have some wayang and the lato g-string to crap bricks in the desert.
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I doubt the pariah lato had long enough arms to dip that far. He was just a low life scumbag who gave F/Os a hard time. Just a two bit pariah! Camel was in cahoots with TJ, still doubt even this **** head could dip into the golden chest. Naaah……..these two were small time ballsucking ****heads. TJ was into big stuff. The whole epic was put out in Malaysia Today quite sometime back. It`s Bolehland……..don`t expect the truth to surface!
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Some insiders suspected that the pariah double dipped when he was seconded to Jet Airways; took gaji from both sides. The MAS-Jet agreement was quite vague wrt emoluments to the secondees, so the condehless pariah took advantage of the loophole ( or any smelly hole! )
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Malaysian malaise
As an outsider let me tell you what I think anout this MAS debacle, it's the definition of the Malaysian malaise. You just have to look at the number of responses to this thread. Complete apathy, couldn't care less attitude. Only bellyaching in the cockpit, over dinner or in the crew lounges. Always expecting others to fight on your behalf. Hear this and hear it well; others will NOT HELP YOU but WILL HELP TO SCREW YOU.
The few wasted years I spent in SEA in the 90's taught me that the MAS pilots and employees are the most yellow bellied people around with the management pulling wool over their eyes 100% of the time. Even their own association chiefs screwed and scammed the pilots with impunity.
With this kind and apathy and gross ignorance even of your basic rights, the powers to be will certainly have you all for breakfast, lunch, dinner and supper to boot. Wake up people!
The few wasted years I spent in SEA in the 90's taught me that the MAS pilots and employees are the most yellow bellied people around with the management pulling wool over their eyes 100% of the time. Even their own association chiefs screwed and scammed the pilots with impunity.
With this kind and apathy and gross ignorance even of your basic rights, the powers to be will certainly have you all for breakfast, lunch, dinner and supper to boot. Wake up people!
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Chrome you really are a racist prat, what tipsy said might not be diplomatic but he hit the nail smack bang on the head. Infact the malaise tipsy is alluding to is exactly that most malaysians love to whine but when its time to stand up and be counted they all run for cover waiting to see who if any will put the first foot forward. If its favorable they will all come out and pat you on the back if its not they will pretend they don`t know you.
TF knows that all too well and thats why he got away with as much as he has with Airasia, he knows no one will dare and challege the status quo it will always be a win win for him, don`t believe me , go on i dare you.
TF knows that all too well and thats why he got away with as much as he has with Airasia, he knows no one will dare and challege the status quo it will always be a win win for him, don`t believe me , go on i dare you.
Last edited by 320busdriver; 19th Aug 2010 at 12:14.
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well said
well said 320busdriver, this people is just all losers, full of crap and alot of hypocrite's hiding in their own snake skin, smell first your own backyard before you smell other, bunch of losers.
r's
r's
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Tipsy, I do take umbrage at your assertion that all the MAS employees were yellow bellied. We do have pilots who tried to put up a good fight but unfortunately were done in by fellow pilots and MAPA. MAPA turned a blind eye when seniors were bypassed; snaky pilots brown nosed to get themselves promoted ahead of others.
Having said that, Tipsy merely reiterated an " inconvenient " truth. There are plenty of chickens amongst MAS ranks, running away clucking to their coops whenever the management turn on the heat. Most are jaguh kampung, boasting to relatives, ex- school mates, friends about the great job as MAS pilots but utterly impotent facing the onslaught of deteriorating T & Cs.
I have no magic solution but we need to grow a little spine; to tackle the MAS malaise, we need to get rid of the patrons of the corrupt ranks of the upper management. To do that, we need to ensure that the SB doesn't go around threatening labour activist with the much hated ISA. So much to do folks, are you up to it?
Having said that, Tipsy merely reiterated an " inconvenient " truth. There are plenty of chickens amongst MAS ranks, running away clucking to their coops whenever the management turn on the heat. Most are jaguh kampung, boasting to relatives, ex- school mates, friends about the great job as MAS pilots but utterly impotent facing the onslaught of deteriorating T & Cs.
I have no magic solution but we need to grow a little spine; to tackle the MAS malaise, we need to get rid of the patrons of the corrupt ranks of the upper management. To do that, we need to ensure that the SB doesn't go around threatening labour activist with the much hated ISA. So much to do folks, are you up to it?
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Not chickenlah my friend but **** scared of being flung down 14 floors from MACC hq like a certain martyr TBH a year ago. Imagine giving info on the MAS corruption and called to be a witness at 5pm until the wee hours of the morning; your wife and parents will die of heart attack just thinking about what's gonna happen to you. It's this fear, fear of being in a body bag should one squeal on the big bosses.
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Imagine giving info on the MAS corruption and called to be a witness at 5pm until the wee hours of the morning; your wife and parents will die of heart attack just thinking about what's gonna happen to you. It's this fear, fear of being in a body bag should one squeal on the big bosses
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If you are not being thrown down the stairs... they blow you up with a gen
"Malaysian policemen to hang for killing Mongolian woman
Posted: AP.. 09 April 2009 1030 hrs
KUALA LUMPUR: Two Malaysian policemen (The two officers found guilty of the murder, Chief Inspector Azilah Hadri and Corporal Sirul Azhar Umar, are from an elite unit that guards the prime minister and deputy prime minister) were sentenced to death Thursday for the murder of Mongolian woman Altantuya Shaariibuu, in a sensational case the opposition has tried to link with new premier Najib Razak.
Altantuya's body was blown up with military-grade explosives in a jungle clearing, leaving only shattered bone fragments as evidence."
It's Malaysia..Asia truly Asia...
"Malaysian policemen to hang for killing Mongolian woman
Posted: AP.. 09 April 2009 1030 hrs
KUALA LUMPUR: Two Malaysian policemen (The two officers found guilty of the murder, Chief Inspector Azilah Hadri and Corporal Sirul Azhar Umar, are from an elite unit that guards the prime minister and deputy prime minister) were sentenced to death Thursday for the murder of Mongolian woman Altantuya Shaariibuu, in a sensational case the opposition has tried to link with new premier Najib Razak.
Altantuya's body was blown up with military-grade explosives in a jungle clearing, leaving only shattered bone fragments as evidence."
It's Malaysia..Asia truly Asia...
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Gotta agree with Tipsy on this one. I, too, spent a number of years in MAS. The apathy and lack of understanding of employer/employee rights in industrial relations was indeed appalling. I am talking about the vast majority in general; most choose to bury their head in the sand and accept whatever that is dished out by the management. They do certainly have a few exceptional guys who have wide experience and very cosmopolitan views but most were just hilly billies raised to positions well above their stations by the government's affirmative action. As the goverment dole out goodies and freebies to keep the dominant populace happy, the sense of apathy was engendered.
The then management under TR in the 90's robbed the employees and shareholders blind and the pilots were traumatised by the " camel " regime followed by the so called pigmy. The pilots were totally impotent out of ignorance and fear.
The then management under TR in the 90's robbed the employees and shareholders blind and the pilots were traumatised by the " camel " regime followed by the so called pigmy. The pilots were totally impotent out of ignorance and fear.
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The blatant looting in MAS began before TR's time but on a smaller scale. During Kamaruddin's time, the omnoputras and royal families made millions through RM2 shell companies and the GSA fiasco. This is a post form another thread :
MAS scams
Years ago, I was in Seattle for an acceptance/delivery flight of a B734 but Boeing refused to release the plane due to lack of financing. Enquiries to MAS HQ drew a blank and we sat around helpless. Finally after some protracted haggling for 2 weeks, Boeing finally released the plane.
Back in KUL, I found out from a Bank Negara bigwig that MAS was almost done in by their own greedy directors and political patrons. It seemed that after the 1991 Gulf war, there was a severe downturn in the aviation industry and a lot of leasing companies like ILFC, GPA, etc gave up their options to purchase B734s.
Earlier in the late 1980's to cater for expansion, MAS commissioned a study by a consortium of banks to look into air travel expansion and development in the domestic and regional market from the year 1990 onwards for a period of 7 years. After some seemingly exhaustive studies, this consortium of banks stipulated a growth of about 10% a year for 5 years tapering off before 1996, hence they recommended a 50%-70% increase in the B734 fleet. MAS then had about 15 B734's and the consortium consented to financing further purchase of up to 12 more B734 aircraft. This exhaustive study was tabled to the MAS board for approval. The consortium never heard from MAS again, but MAS shortly announced purchase of over 40 more B734s!!! So where did MAS get the financing for such a humungous aircraft order?
The BN official related that when the aircraft purchase study was presented, the MAS directors immediately see $$$ in front of their greedy eyes. The st up their own aircraft leasing companies like Bunga Raya, bunga Cengkeh etc to be based in the Carirbean British and American Virgin Islands. These were $2 shell companies but got their financing from greedy US banks......SO THEY DID NOT NEED FINANCING FROM THE CONSORTIUM OF MALAYSIAN BANKS!!!
After the Gulf War in 1991 caused a downturn in the aviation sector, international aircraft leasing companies like ILFC and GPA quickly cut their losses and rejected their options for more B734 purchases. THE MAS DIRECTORS JUMPED AT THE CHANCE TO EXPEDITE THEIR PURCHASE BY TAKING OVER THOSE OPTIONS, hoping to make a killing with their shell companies. All was well and dandy for a few months until the US financers stop pumping money as they know that the end game was near...so the shell companies set up by the greedy MAS directors and their corrupt political patrons were starved of cash and they couldn't pay Boeing for the planes. Hence when we turned up in Seattle for aircraft acceptance and delivery, Boeing wanted nothing to do with us!
So the MAS MD went back to the Malaysian consortium of banks to help bail out the mess.....they told him to fly a kite! So he went begging around in the UK and US, and finally managed to get some financing at exorbitant rates.
I was sceptical of this revelation until I found evidence.....before financing was choked off from the shell companies in the British/American Virgin island; the B734s had proud Malaysian leasing companies like bunga cengkeh, bunga mawar on their owner's plaques in the cockpit. Aircraft that came after the financing debacle had MAS as the owner!!!
So MAS was a money buffet train ravished by our own $$$$ hungry demons. No hope lah; it is forever the same story till today.
Years ago, I was in Seattle for an acceptance/delivery flight of a B734 but Boeing refused to release the plane due to lack of financing. Enquiries to MAS HQ drew a blank and we sat around helpless. Finally after some protracted haggling for 2 weeks, Boeing finally released the plane.
Back in KUL, I found out from a Bank Negara bigwig that MAS was almost done in by their own greedy directors and political patrons. It seemed that after the 1991 Gulf war, there was a severe downturn in the aviation industry and a lot of leasing companies like ILFC, GPA, etc gave up their options to purchase B734s.
Earlier in the late 1980's to cater for expansion, MAS commissioned a study by a consortium of banks to look into air travel expansion and development in the domestic and regional market from the year 1990 onwards for a period of 7 years. After some seemingly exhaustive studies, this consortium of banks stipulated a growth of about 10% a year for 5 years tapering off before 1996, hence they recommended a 50%-70% increase in the B734 fleet. MAS then had about 15 B734's and the consortium consented to financing further purchase of up to 12 more B734 aircraft. This exhaustive study was tabled to the MAS board for approval. The consortium never heard from MAS again, but MAS shortly announced purchase of over 40 more B734s!!! So where did MAS get the financing for such a humungous aircraft order?
The BN official related that when the aircraft purchase study was presented, the MAS directors immediately see $$$ in front of their greedy eyes. The st up their own aircraft leasing companies like Bunga Raya, bunga Cengkeh etc to be based in the Carirbean British and American Virgin Islands. These were $2 shell companies but got their financing from greedy US banks......SO THEY DID NOT NEED FINANCING FROM THE CONSORTIUM OF MALAYSIAN BANKS!!!
After the Gulf War in 1991 caused a downturn in the aviation sector, international aircraft leasing companies like ILFC and GPA quickly cut their losses and rejected their options for more B734 purchases. THE MAS DIRECTORS JUMPED AT THE CHANCE TO EXPEDITE THEIR PURCHASE BY TAKING OVER THOSE OPTIONS, hoping to make a killing with their shell companies. All was well and dandy for a few months until the US financers stop pumping money as they know that the end game was near...so the shell companies set up by the greedy MAS directors and their corrupt political patrons were starved of cash and they couldn't pay Boeing for the planes. Hence when we turned up in Seattle for aircraft acceptance and delivery, Boeing wanted nothing to do with us!
So the MAS MD went back to the Malaysian consortium of banks to help bail out the mess.....they told him to fly a kite! So he went begging around in the UK and US, and finally managed to get some financing at exorbitant rates.
I was sceptical of this revelation until I found evidence.....before financing was choked off from the shell companies in the British/American Virgin island; the B734s had proud Malaysian leasing companies like bunga cengkeh, bunga mawar on their owner's plaques in the cockpit. Aircraft that came after the financing debacle had MAS as the owner!!!
So MAS was a money buffet train ravished by our own $$$$ hungry demons. No hope lah; it is forever the same story till today.
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Perhaps a short history lesson on MAS will put this in perspective. From its inception in the 70s to the late 80s, MAS was chugging along fine albeit with some inevitable small time corrupt practices where thousand or hundreds of thousand were filtered off. However from the early 90s, corruption went big time where millions were siphoned off culminating with this TR fella virtually ripping off MAS wholesale.
With saw huat lye and then tan sri aziz, MAS created a small niche market offering the " malaysian experience " to discerning air travellers. In the mid 80's when the snake charmer keralite black magician toon kutty established his hold over the malaysian psyche, MAS began to feel the pressure from the government. Some B737 VIP planes were procured to enable the PM charters whereby the PM dept hardly ever pay for the services. Then came the 1987 umno elections which the toon kutty " magically" won and in the ensuing political fiasco, tengku razaleigh left to form semangat 46. With his kelantanese background tan sri aziz threw his lot behind ku li and that spelled the end of his tenure in MAS.
In came a snaky guy called dato kamaruddin who allowed the directors and their umno patrons to set up shell companies that siphoned millions out of the coffers. This dato kamaruddin was a frequent golf kaki of the pariah g string and it was at this time when this reptilian MAPA president signed of the f/os' first class privilege travel, encouraged wanton bypass in pilot promotion in cohoots with Rat in management and tried establishing his " audit " empire in flight operations. The company lost millions with the shell companies digging into its kitty and the pilots were screwed big time by the pariah's dalliance with his strange bedfellows in the management.
The damage done in flight operations allowed the camel to collect enough ammunitions to stage a " coup " when TR was " invited " to buy over MAS in 1995. With the unreparable damage done by the camel, dr con was roped in to stem in the rot but the rot continued right into the pigmy's regime. The rot remains...........
TR connived with the dime and toon kutty to relieve himself of the rotting company in 2001 and I think the rest is fairly recent in memory.
With saw huat lye and then tan sri aziz, MAS created a small niche market offering the " malaysian experience " to discerning air travellers. In the mid 80's when the snake charmer keralite black magician toon kutty established his hold over the malaysian psyche, MAS began to feel the pressure from the government. Some B737 VIP planes were procured to enable the PM charters whereby the PM dept hardly ever pay for the services. Then came the 1987 umno elections which the toon kutty " magically" won and in the ensuing political fiasco, tengku razaleigh left to form semangat 46. With his kelantanese background tan sri aziz threw his lot behind ku li and that spelled the end of his tenure in MAS.
In came a snaky guy called dato kamaruddin who allowed the directors and their umno patrons to set up shell companies that siphoned millions out of the coffers. This dato kamaruddin was a frequent golf kaki of the pariah g string and it was at this time when this reptilian MAPA president signed of the f/os' first class privilege travel, encouraged wanton bypass in pilot promotion in cohoots with Rat in management and tried establishing his " audit " empire in flight operations. The company lost millions with the shell companies digging into its kitty and the pilots were screwed big time by the pariah's dalliance with his strange bedfellows in the management.
The damage done in flight operations allowed the camel to collect enough ammunitions to stage a " coup " when TR was " invited " to buy over MAS in 1995. With the unreparable damage done by the camel, dr con was roped in to stem in the rot but the rot continued right into the pigmy's regime. The rot remains...........
TR connived with the dime and toon kutty to relieve himself of the rotting company in 2001 and I think the rest is fairly recent in memory.
