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ARCHIVES The billions that MAS lost: the shit is finally hitting the fan

The billions that MAS lost: the shit is finally hitting the fan


Thursday, 17 December 2009 Super Admin
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This Monday, lawyer Rosli Dahlan will, again, be in court to face trial for allegedly not responding to an ACA (now MACC) letter. But that is actually not his real crime. If so, then what is? Well, there are actually two parts to this story. One involves ensuring that Musa Hassan gets to stay on as Malaysia’s IGP. The second involves hiding the fact that MAS has lost billions in taxpayers’ money. Let us recap what Malaysia Today wrote awhile back.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

On 7 July 2009, Malaysia Today published ‘The Untold MAS Story: part 1’ (parts 2-8 can be read at the links below). And this was what we wrote then:

In 1994, when Tan Sri Tajudin Ramli took control of MAS through his company, Naluri Berhad, Malaysia’s national airline had a cash reserve in excess of RM600 million. Seven years later, in 2001, when the government bought back MAS for the same price that Tajudin paid, the national airline had accumulated losses in excess of RM8 billion.

What happened to the RM600 million in cash? How did MAS lose as much as RM8 billion over just seven years after showing a profit before that? And why did the government buy back an almost bankrupt airline for the same price that it was sold to Tajudin?

We are talking about a plus of RM600 million down to a minus RM8 billion. Yet there was no discount on the share price. Tajudin got back every cent he paid after ‘bleeding’ the national airline to the tune of almost RM9 billion.

One man decided to launch an investigation into the affairs of MAS to get to the bottom of the whole thing. This man is Datuk Ramli Bin Yusuff, the Director of the Commercial Crime Division (CCD). And this man is now on trial after getting arrested for allegedly abusing his authority and for not declaring his assets.

The basis for launching the investigation was because MAS had earlier made two police reports. The police reports are Dang Wangi Report No. 347/02 dated 4 January 2002 and Dang Wangi Report No. 12532/05 dated 4 May 2005.

The police investigation revealed that MAS had been the victim of fraudulent transactions, breaches of fiduciary duties, and breaches of various statutory duties. And the people guilty of these crimes are Tajudin, his business associates, as well as his family members.

But it was not Tajudin who was arrested and charged for fraud and abuse of power. Instead, Ramli, the head of the CCD, was arrested and charged for abuse of power and for not declaring his assets.

Even before the investigation against Ramli could be launched to establish whether he really did commit any crime as alleged, the Anti-Corruption Agency leaked information to the media that Ramli is guilty of not declaring RM27 million in assets.

Corruption investigations and information related to it come under the Official Secrets Act. How, therefore, could this information be made public when the investigation was still ongoing and nothing had been established yet? It was not known yet whether Ramli had really committed any crime and if so whether the assets he was alleged to have not declared does come to RM27 million. Nevertheless, the details of the investigation were made public as if he had already been proven guilty.

 

Ramli then engaged a lawyer, Rosli Dahlan (picture above), to handle his case and the lawyer submitted a set of accounts to prove that not only does Ramli’s assets not come to RM27 million but also that he had properly declared everything he owns. Furthermore, all his assets had been acquired in the proper and legal way and not through fraud or corruption.

And that was when they also arrested and charged the lawyer for allegedly also not declaring his assets.

Why do they want to shut the lid on the MAS investigation? Why does the government wish to protect Tajudin? Is it maybe because it is not Tajudin who is behind the shady dealings but that he is merely acting as the nominee or front man for those who walk in the corridors of power?

There is more in this series of revelations about how the police officer ends up behind bars while the criminal with links to Putrajaya walks free with billions in his pocket. In the next episode (parts 2-8 below), Malaysia Today will show the confidential reports related to the police investigation.

The untold MAS story: part 2 

The untold MAS story: part 3 

The untold MAS story: part 4 

The untold MAS story: part 5 

The untold MAS story: part 6 

The untold MAS story: part 7 

The untold MAS story: part 8 


Comments (33)Add Comment
...
written by Angela Ooi, December 20, 2009 09:16:51
MAS is like UMNO's very own property to use and abuse without interference. Mas needs qualified honcho, someone like Saw Lye Huat who was associated with MAS for a long time in the old days. I read somewhere, Singapore gave him a lucrative offer to go set up their 'no frills' airline.
...
written by yatchee, December 18, 2009 21:08:50
I WAS AT ONE CERAMAH IN TAMAN TUN BEFORE 8TH MAR GE,RPK DID SAY IT ALREADY.THAT IS BABI TAK MAKAN ,TAPI RASUAH MAKAN.WHAT FCUKING BN GOVERNMENT IS THIS.JUST KICK BN OUT LAH TO ALL ANAK BANGSA MALAYSIA.
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written by Sabahfan, December 18, 2009 16:50:49
From the costumers point of view, the services by MAS now is worst than air asia... in fact Air asias customer service and internet is a bit more efficient than MAS... which is supposed to be the pride of Malaysia.... MAAAALLLUIUUUUUU lah
...
written by Fart Fart Wah, December 18, 2009 15:54:03
Which MOOOlayu actually ran an organization and really brought it to great heights???No Moolayu from UMOOOONO can say this although UMoooNO bankrupted the country trying to help this daylight ALI BABA AND THE FOURTY THIEVES. This new set of MOOlayus were more intent on cheating and eating what belongs to the ordinary Melayu. There is not a single GLC company whcih can boast that has done justice with Mal INC. Malay INC is a terowong to pass all our IBU Pertiwi's riches to a few selected UMOOOnO buggers and BN AH Longs and fat Chetiars. Today we have MCA screwing the chinese, MIC finished srewing the Indians and UMoooNO still screwing the Malays. If you talk about Sime Darby...stolen from the British...it is on the run buying up and merging...If it had been run by the original masters ..they would have doubled what Sime is dripping out...I billion in profits or slightly over the year. This figure could have poured out 3 times if if had been managed by the early fellows.. This is the only company I see working a bit more independent from the government's apron strings though dependent on some of its contracts.Maybank is a sorry "pulling on the government" strings survivor even after the forced merger with so many stronger banks).Close all the pipes(and gifts on silver plates) from the government and compete on an open field with other banks..i think Public Bank would shame it. and triple its profits of 1 billion it is pissing out. BSN and other banks linked to the government are surving under the dress of the UmooNo government. Without smelling her "nasi kangkang" ...they are as good as dead wood. They cannot compete with other banks too. Perwaja was raped raped and reraped. Proton was raped and raped and being raped. MAS was raped..24 hours..and today they it was reported that the rape gave them 8 billion..( not bad for a rape) And MACC is quiet. Now how did Hassan of Negeri SEmbilan transfer 10 million out of the country..another rape.../We have Tian Chua's proof of rape again from the highest level of the govenment???? Is not this all the money from our IBU PERTIWI????
wHEN WILL THE MALAYS STOP THIS RAPE..AND THE CHINESE AND INDIANS JOIN IN to stop this blatant robbery and rape of Malaysia?????
...
written by SeriousLy, December 18, 2009 10:25:22
And for money, all in BN is killing each other in the process! How many in PR is joining BN...We will find out soon enough just before PRU13!
...
written by Tom n Jerry, December 18, 2009 06:03:10
The two biggest scandals(apart from those of TDM) total almost RM20 billion;which would be enough to tide this nation over at least for the next two years;for those of you who are still ignorant about these scandals;I am referring to the PKFZ and MAS;its imperative any of our slimey politician who is worthy of his position should pursue this matter with devotion minus that lackadaisal attitude and bring the culprits to book!
...
written by BAYANGKARA, December 17, 2009 19:48:50
As MT’s revelations come on thick and fast, Tun Mamakutty's infamous chronicles grow by leaps and bounds.

Our beloved Tunku's museum would be dwarfed by Mamakutty's museum of hell when we've done with the shit he is leaving behind. The billions are still being counted and heaven knows if we will ever reach the bottom.

It is imperative for a PR government to use one of the white elephants Mamakutty built to house all the evidence of unbridled plunder of the country's wealth and the rakyat's money. Let that be a national monument of shame to remind posterity that we can never let another leader like Mamakutty and another party like UMNO to ruin the country.........because Malaysians mudah lupa.
...
written by lunas oh lunaih, December 17, 2009 17:48:41
oooh no wonders they appoint PAK LAH as MAS advisor, as gratitude for not taking action against TAJUDDIN and who khows.
...
written by capricorn, December 17, 2009 17:39:39
Sorry brothers, the fan has collapsed due to so many shit from so many cases hiting the fan
...
written by capricorn, December 17, 2009 17:37:20
That is why the UMNO cronies were scrambling to get on board any GLC. Once they get on board, they plunder all the reserves. These people know not a shit about business except to rob. They are like pirates (lanuns) who take over a ship, plunder and then abandon ship..
...
written by JohnQ, December 17, 2009 17:25:51
Only when Tun mamak call to the GOD on his expire day will he noted every fault and evil whn HE say to him

"You Have FAILED in your living life, my dear", " Now pls take another exit down on my left"
...
written by biggun129, December 17, 2009 16:25:06
The Malaysian 's Law is such, 'For those who is not guilty, they will landed behind the iron bar!", and 'For those who is guilty, they will stay outside the Iron Bar and enjoyed their loots!", why RPK was detained under Kamunting Camp? Because RPK is not Guilty! Why RPK and PI Bala have to be 'Fugitive Blogger' or 'Runaway Fugitive", all because both of them are 'Telling the truth, nothin but the truth!". This is our country, a country that drive away the Good and retain the Bad! So, if you want to feel comfortable to be rich and famous in our country, I think you know what to do! ! ! Remember, if you dont 'Change' the style of voting during the next GE, life will be as usual ! Malaysia remains a 'Lawful' criminal breed country!
...
written by Nixcloud, December 17, 2009 15:58:54
don't forget that the people in power in UMNO are practicing the UMNO sect of Islam. pork, alcohol, gambling all haram to the rakyat but hisap puting can drink beer... and the mother of all that is haram a.k.a. corruption is again haram when non-cronies practice it BUT perfectly legal when UMNOputras practice them. when police practice corruption, it is to carry out the duty in the name of the royal family. when members of the ruling government practice corruption, it is also in the name of Agong as the parliament is appointed by the Agong. ini bukan panggil 'derhaka'-ka?

i personally don't care who or what prosecute the old crow, but somebody in power please start prosecuting this people who have stolen my hard-earned tax money...mamakthir, ling liong shit, fat san choon, damn zainuddin.... the list is endless
...
written by Angela Ooi, December 17, 2009 14:39:23
Who would you name as winner of the 'dUMNOputra Biggest Crook Award?' Remember to tabulate the $$ evaporation in the Billions, not chicken-feed millions. Incredibly none has been charged and put in jail. It's galling, these slimeballs and their family are living luxuriously while the rakyat eke a living, penny-pinching to make ends meet!
...
written by Jbao, December 17, 2009 14:31:45
When the big fellas eat big, the small fellas like the maintenance technicians say, well I can also make some additional money from the missing nuts and bolts, etc And the Chef says, well every meal I take off 1 prawn, I can also make some add bonuses (tax free) etc etc and everybody down the line does the same. Then what? One day one of the plane crash; causes - poor maintenance, passengers suffer from food poisoning due to bad food etc - who is to blame? Who started the rot rolling? What happens to MAS is like what is happening to the country and thousands of govt enterprises private companies all over the country. We are doomed! And who started us on this downhill trend? The answer is ...........! (please fill in your pick).
...
written by a guest, December 17, 2009 13:38:52
KJ and Najib may have been rivals before, but they both apparently may have something very much in common. A personal disdain for the GOM of politics.
One's contempt is an open secret whilst the other is seething distaste bordering on loathing.
Is that perhaps the reason the need to use a proxy?
...
written by storm62, December 17, 2009 12:12:00
How many of you who have rm27 million wants to work as a cop???

These idiots think Malaysians are stupid.
...
written by Sashi Nair, December 17, 2009 11:59:28
All this bloody 'mat-salleh' consultants in Malaysia ripping us off, Heck every mat salleh in town is a consultant of some kind, we worship the mat salleh and bollywood types so much and their biggest admirer, own very own (Mr. Know it all), Dr. M
...
written by Jit Dharma, December 17, 2009 11:58:48
Under one-party rule, the biggest crime is to upset the apple cart. This unofficial law
serves as the arbiter of every action. This 'law' defines the legality and justification of
every act of tyranny and brutality that can be thrown against the powerless citizenry.
Ramli's crime is that he didn't have the good sense to know how well connected
Tajuddin was and how the 7 billion was siphoned off. It now appears that the money
was used for several very important side projects involving the ruling elite.
...
written by SocratesI, December 17, 2009 11:52:32

This was all Maha-ShitHead's and Damn Zainuddin's doing ! Which is why Damn has run away and started his own fleet of banks in Africa, while Maha-ShitHead cannot retire quietly as all of his CORRUPT & destructive "projects" designed to enrich himself and his family, and to impoverish Malaysia keeps coming to light !! Which is why he is desperately trying to re-ignite the flames of May 13 through various means to divert the attention away and find his most convenient scapegoats in Malaysia, the Chinese to take the heat, by fanning racial issues.

we must not let Maha-ShitHead succeed in his devilish endeavours, and we must bring him and his cronies to JUSTICE ... before he dies (I hope he suffers for all he has done to the Rakyat of Malaysia) May he live long and suffer.
.
...
written by arazak, December 17, 2009 11:49:17
MAS, PETRONAS or any GLC companies, the Tuan UMNO thougnt they belong to them and their cronies and not the country's or its people. Hence, they can steal and loot whatever money they wishes from these companies.

...
written by Aduh, December 17, 2009 11:46:51
........................................ and those who excreted the shit are now running around like blue arse fly trying to gather every bit of the splattered shit to hide it under the carpet.
...
written by jokersland, December 17, 2009 10:28:51
This is Malaysia Boleh, Apa Apa Pun Boleh but for the wrong reasons. The courageous who wish to deliver their obligations by the rules but step on the wrong shoes on the powerful will always ended up usually in the cold storage. All the crooks will always be let free to plunder again in daylight. Definately Tajudin is only a puppet act as a frontman. Thanks to the NEP for making all these plundering to make it become a reality.
...
written by KotaDamansara73, December 17, 2009 09:41:41
UMNO says:

"Goverment money is our money. Petronas money is our money. You guys have no rights to complaint. This is our Malay rights. OUR MALAY RIGHTS IS NOT QUESTIONABLE. WE can take anybody's money in Tanah Melayu.

THis is 1Malaysia. We, UMNO Putra are number 1 Citizen, the rest of you are number 2 citizen. THIS IS 1MALAYSIA.

How we handle Mas is none of your Chinese and Indian business. THIS IS 1MALAYSIA. We are number 1 Citizen, the rest of you are number 2 citizen.

This is Tanah Melayu. And we are the Wira dan Hulubalang Melayu. "
...
written by asguard, December 17, 2009 09:28:37
That show far they are willing to hide the ugly facts...that they screw-ups too much...each and every time... then use the tax payers money to rescue! This got to be stopped!
...
written by Bigjoe99, December 17, 2009 09:11:21
If Najib wants to pay off his cronies, he should forced Rosmah to sell her jewelleries and his kids should borrow from banks that they have to pay off before he gets a cents!!!
...
written by Bigjoe99, December 17, 2009 09:09:30
Again, we need our own Boston Tea Party. PKFZ, Syabas, Matrade-Naza deal, GST and this is a good reminder...
...
written by Ghifarix, December 17, 2009 09:03:23
We have in cured the Zionist disease; which is believing in our own lies worst yet when we pay handsomely the Mat Saleh to repeat those lies.
I recalled the arrogance and disrespect from MAS in their pricing and their unruly fat arse brigade and male sexist they call flight attendants.
...
written by Davy McChester, December 17, 2009 08:46:08
The "ketuanans" should take cue from this article. You are not immune from being framed up or being retaliated when you disrupt the power-to-be corruption and bribery mills, preying into their money making modus operandi.Anyway,this moron Tajuddin Ramli was a disaster to MAS and the Malaysian tax-payer. His business "acumen" to turn around MAS or boost it ,was through shitty business transactions.His famous method was the known primitive one: selling and leasing back MAS aircraft. He was hailed as a genius ! And this robber was the blue-eyed boy of Malaysia's biggest misfortune/disaster ,none other than the corrupted Mahathir ,the curse to all Malaysians.
...
written by Proarte, December 17, 2009 06:12:16
Tajuddin Ramli was Mahathir's Blue Eyed Boy and hailed as a successful 'New Malay'. Well, we now know he was acting as a front man for the 'Father of all Corruption and Racism' in Malaysia.

Mahathir recently said that corruption was 'haram' , 'seperti makan babi'. Why did Mahathir make a career of 'makan babi' and surround himself with people who love to 'makan babi' ?
...
written by Sudahlah tu, December 17, 2009 05:29:45
kes-kes yang bersabit ataupun melibatkan golongan elit sentiasa tidak kesampaian daripada dihadapi dan disabit mengikut sistem penghakiman negara sebab semua hakim-hakim yang berkuasa juga berasuah... wayang kulit aje
...
written by wongnoball, December 17, 2009 04:29:31
Looks like Rosmah Botok & Najis wants to Bury Tun Dr. Munafik Mohammed in SH*T before he dies so that they are clean and Najis-Rosmah tag team is Pure & Clean. That seems to be the game in case you people don't know. That is Pay back to Tun Bapa Kemerosotan Malaysia for CHoosing Badawi instead of Najis. Rosmah Botox is really Gloating and Arrogant.....face like Rais Yatim..if Have slipper also would like to Slap her silly with it.......we wait for Najis Heart to have a sudden Attack like his Father ...then we deal with her....but she already have Billions stashed up in Europe, USA....and will Run away like Daim. These Scums must Rot in Jail...nothing else will satisfy Rakyat Anger anymore.....Death is too easy exit strategy for them...we want to see them SUffer on Earth and in HELL!!
...
written by temanmu, December 17, 2009 04:02:59
In Indonesia, two honest anti-corruption officials were "framed" by the police & AG and were arrested. They were smart as the wire-tapped the conversation which exposed the conspiracy!

The Indonesian public was 100% supportive of them!

We must show our support for honest police officers like Ramli too!

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