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MT COLUMNS How the RM9 billion ‘hole’ was left to the taxpayers

How the RM9 billion ‘hole’ was left to the taxpayers


Saturday, 21 August 2010 Super Admin
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In seven years, Tajuddin Ramli turned a profitable airline company that had more than half a billion ringgit in cash reserves into a company that was RM8 billion in deficit. In March 2007, the head of the CCID, Ramli Yusuff, wrote to the Prime Minister, going into great detail about what happened. But it was Ramli and not Tajuddin who was dragged before the courts on various fabricated charges -- where he was acquitted without his defence being called.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

 
Comments (26)Add Comment
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written by ak_malaysia, August 22, 2010 13:44:38
Voter get voter and kick out the BN. It is blatantly clear as daylight that BN/UMNO politicians are in politics not for the rakyat, king or country BUT FOR THE MONEY. Political power, connections and abuse of the laws (ISA, OSA used to conceal secrets and silence critics) are vehicles to facilitate the rape of our country and entrap the whole nation in bondage and slavery to their greed and corruption. Thanks to our dear RPK et el, the whole nation is now more enlightened as to WTF is happening to our country.

Ramli Yusoff SHOULD BE THE NEXT IGP AND RE-INSTATED AND HAVE ALL HIS RIGHTS AND PRIVILEGES RESTORED FULLY. Ramli as a brave, honourable man and well-qualified in terms of knowledge, education and experience should be the NEXT IGP. Ramli also has the character and moral fibre to uplift our beloved nation from all this shit. Definitely there was a cover up to protect certain people (Tun Mahatir was in cohort with the whole gang approving the buying back of MAS shares at WELL ABOVE THE PREVAILING MARKET PRICE causing heavy losses) Was Bodohwee sleeping on the job? How come a good man like Ramli and some of his officers got arrested and falsely charged while this Tajudin SOB got off scot free?

Malaysia is in deep shit with politicians spending time not only raping the nation but quarrelling among themselves and BN/UMNO messing around PR controlled states to destabilise them. Why cant they leave these states alone for them to do their job well for the rakyat? Why burn all the files, cart away all the computers etc the moment they lost all these states? What action if any, has been taken against all these people esp Khir Toyo? What about all those police reports?

Datuk Ramli should be in charge to kick their butts all the more so that they have abused and humilitated him to cover up their own sins! Thank God they didn't succeed despite 4 attempts! As the Chinese say: "Heaven has eyes!!"

Take good care Datuk and fight back to recover your reputation and good character. These assasins of your good name MUST BE MADE TO PAY for all the mental and physical anguish that you went through.
Sir, you are a gentleman for you even shook the hand of your prosecutor. I would, if I were you, give them my middle finger. Afterall, it's only human to do so! We pray that Rosli will be fully exonerated as there are still some good, God-fearing Judges who conscientiously abide by their oath of office without fear or favour!

Thank you Judges Supiang, Gunalan, Komathy for your righteousness and sense of duty to king and country. With your bravery, you have, somewhat, restored our faith in the judiciary. We pray we shall have a new breed of fearless and independent-mind judges like you, Lau Bee lian and the judge who decided in favour of Nizar in the Perak crisis.
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written by educationist, August 22, 2010 12:46:51
The IGP, the MACC chief will play musical chairs.
Both shall claim that the music is still playing, which is why they refused to take action.
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written by Pegasus, August 22, 2010 12:13:30
Those crooks will pay when they die, the almighty will judge them for their evil deeds
!

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written by Aria, August 22, 2010 12:10:37
These UMNO people want the Malays to have 30% equity in Malaysia’s economy. So these Malays who stolen the billions from MAS put the money into foreign banks. How many Malays is the money helping now? UMNO is just using the Malays to screw Malaysia ( that means the Malays too). People like Ibrahim Ali are just stupid people who are helping UMNO rip-off Malaysia.

Any job, contract, university sit, etc must be given on merit or the outcome will not be good. Every Malaysian must learn to stand on their own feet and not be given handouts from the government. Malay achievement targets cannot be set without a good plan, and the plan cannot involve giving out handouts ( I am not going into details of what I mean handouts). The other races of Malaysia must put a stop to this rip-off from UMNO.

I say down with UMNO.
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written by Taikohtai, August 22, 2010 10:51:56
Time for Malaysians to learn a thing or two from the Aussies. Labor Party got rid of our PM and now we got rid of them! Yes, Aussies know how to get EVEN and that's the best medicine.
If Malaysians were to get rid of BN, most of the ills shall be cured and the country can start to recover from its worst nightmare. And the winning formula is right in your hands!
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written by OrangKaya, August 22, 2010 08:36:12
PKR should lodge a report on Taijuddin and Mamak and open the case with Ramli as the main witness. Time to go after the mamak and umNOputras.
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written by budak kampong, August 22, 2010 07:39:33
every person who gets to know the abuse is a vote for PR. suggest every reader print five copies and distribute to their friends and expand the voters base for PR.
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written by budak kampong, August 22, 2010 07:35:34
those who are in power and refusing to act only showed they are benefitting from Tajuddin's looting.
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written by Davy McChester, August 22, 2010 03:26:17
Mahathir's kind of billionaire: Teach them to rob the taxpayer through the back-door and declare the thief as the billionaire. Once you make that kind of declaration and accord him all the publicity ,like in the case of this crook ,how can you go before the public and say he stole the billions. So ,the cover is one to cover the shame at whatever cost including torturing the whistle blower ,the good few men protecting the public coffers. Mahathir sailed smoothly in Malaysian political waters because he had the sword of Damocles hanging over any distractors of his agenda. He tightened the screws & had a black book for his distractors . By introducing all kinds of laws to stifle democracy ,among which the most popular one that gives the thieves free hand is the " keep-your-mouth-shut -laws(simply stamping Rahsia on any "crooked schemes). The lesson learnt here is : Do not allow the "ketuanan" issue,which is UMNO's current clever ploy ,a distraction, to overlook UMNO's years of pilferage of public coffers. Go after UMNO's Ali-Babas and redistribute their ill gotten wealth ,which will be enough to complete the race wealth equitable process overnight.
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written by onnetline, August 22, 2010 00:25:22
Tarjuddin Ramli,.......... where the fcuk are you hiding, Toon M's favorite bastard ?
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written by a guest, August 21, 2010 23:10:44
malsia1206. . ., I think you miss one really probable reason, i.e., Sleepyhead former PeeM did read the letter from Dato' Ramli. But he dosed of by the 2nd paragraph. . .zzzzzzzzz!

And one more thing, after that thief siphoned MAS cash reserve high and dry through his parasite family and crony companies, he asked the UMNO regime government to bail him out of the belly-up MAS using tax-payers money. The UMNO regime government paid RM1.27 billion share at around RM8 per share when the open market price of MAS share was only RM3! Remember, that was our money. . ., the peoples' money that UMNO regime in collaboration with the thief looted our money.

And the most sickening thing, to add salt to the wound, we should not forget that the thief walks away scot-free while the whistle-blower and his lawyer was harassed by the UMNO regime bloody lapdogs IGP, the AG and the MACC.

To the UMNO regime, their lapdogs and, most of all the thief. . ., we will not forget this and we will not forgive it either.. . ., never!

MT readers, listen up. . ., every time when you receive the Borang B or A from Lembaga Hasil Dalam Negeri. . ., curse the UMNO regime, the thief ex-MAS Chairman, the AG, IGP and the lapdog MACC. . ., all of them are a party that loots our money and they should not be forgiven, in this world or the hereafter!!!
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written by malsia1206, August 21, 2010 22:09:14
1. The former PM Tun Badawai probably never even get to see Ramli's letter.
2. In any case, if he did, Mahathir would deal his card and that's the end of the episode.
3. In Malaysia, they commit the most blatant corrupt practices defiantly
4. And these are the same guys who get away with their crimes
5. Because they had political blessings from Putrajaya
6. UMNO is the biggest culprit. And all their leaders are stealing to bleed this country dry. They are not politicians but big-time thieves, robbers and high-profile criminals.
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written by NSTPravda, August 21, 2010 19:08:15
Read my Qur'an swearing pink pouting lips: But it was Ramli and not Tajuddin who was dragged before the courts, but of course. This shows how flexible we are in our accounting and accountability. It also show that we in UMNO has the power to make things up as we go along sucking up all the ringgits to support and supplement our meagre livelihood. It also show that my predecessor need to stick around to wipe out the rest of the audit trail. All in all you must admit that MAS was a good and easy money making cash cow. Al-UMNOdollarlah, semua-nya OK!
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written by tom73my, August 21, 2010 18:59:14
we should now add another recommendation :- Charge sleepy head for failing to act in the interest of rakyat Malaysia resulting in loss of taxpayer money.
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written by storm62, August 21, 2010 18:00:43
All whistle blowers against APNO cronies are to be JAILED.....and that's the rule.

You don't like it? You can leave this country!
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written by panca, August 21, 2010 17:44:28
Ramli Yusuff, is our future hope to clean up the force tainted by umnoputars, and the many few good men within the institution must quickly emerge in support of such worthy cause to restore the good name to protect the nation against tyranny, weed out ill cells within. The force reputation with a rotten has brought it way down. He Ramli, is qualified academically too and well trained to lead.

This should be a reality for a better Malaysia. The new government must be prepared for this.
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written by doggone, August 21, 2010 17:39:58


Under enormous pressure to reveal the scandal involving MAS, Najib Tun Razak told reporters that the public will be able to go online and see for themselves where the bailout money is being spent.

"Thanks, but we'll stick to downloading porn." came an instant reply from the attendant who was filling up his glass.
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written by syd, August 21, 2010 17:25:01
Thank goodness airasia came and woke them up.
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written by cheekhiaw, August 21, 2010 17:04:05
Kelantan is getting world fame for its fight against state thievery...

http://www.zerohedge.com/article/malaysian-province-moves-gold-and-silver-based-currency-main-islamic-event-last-100-years

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written by temanmu, August 21, 2010 16:38:44
Mahathir and his criminal-in-arms, Daim, are the main culprits.

In Malaysia, the Mafia is more powerful then the BN govt!
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written by cheekhiaw, August 21, 2010 16:35:18
Saya pantang di cabar, jadi saya lari...
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written by eloofk, August 21, 2010 16:31:27
Try making a formal complaint to the PM about Abu Kassim and see whether you'll be appreciated or get locked up???
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written by jokersland, August 21, 2010 16:30:39
In Bolehland, nothing is impossible when one is well connected. Our former sleepy head slogan, Kakilang, Gerombolan, Temberang. And now we have 1Malaysia, Gua Mahu Punya.
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written by casper, August 21, 2010 16:00:36
The case of Tajudin Ramli was so obvious a case of grand larceny. Sums involved amounted to hundreds of million, one way contract signed, dereliction of duty, abuse of duty of care owed by this "entitlement" monkey, in short, Tajudin Ramli ran foul of Criminal Breach of Trust that even a novice lawyer won't have too much trouble proving.

Tell you what, vengeance should not be a prerogative but when time comes when we are able to initiate a shake up of the Judiciary, its Bench and Prosecutor's Office, may I suggest action be taken on this Abu Kasim piece of shit and his bosses before him, for their active role in shielding UMNO/BN Minister's, associates and cronies.

The above is no threat BUT a promise.
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written by magickriver, August 21, 2010 16:00:20
Each day it becomes more and more obvious that Ramli Yusoff really should have been the IGP, noty the crooked Musa Hassan who only knows how to scheme and plot mischief against good people like Anwar.
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written by malgal, August 21, 2010 15:33:38
rakyat calling abu kassim where are yooooouuuuu.

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