Posted by andychucky28 > 2014-09-29 14:32 | Report Abuse

Proton also ask for money mah. 3 billion right?

Posted by alenac > 2021-10-07 17:44 | Report Abuse

Anwar (below) has questioned the past "robbery" of MAS but not the future optimistic projection of return of investment within 3 years of RM6 billions "fantasy". Another perception gap between what is achievable and otherwise. Is it then a con to justify the rescue?



"Have you ever thought for a second, what is the future of these 6,000 families? Was it their fault? Were they lazy, incompetent?

"Whose fault is it? Why punish these guys, when those who committed the crime are given adequate compensation?" the PKR de facto leader said during his lecture for the Asian Renaissance Course at the Centre for Reform Democracy and Social Initiative in Puchong, in Selangor today."

Dr Mahathir brokered a deal that saw Tan Sri Tajuddin Ramli take out a RM1.79 billion loan in 1994 to buy a 32% majority stake in MAS.

Tajudin, a former MAS executive chairman, was badly affected by the 1997 Asian financial crisis and ended up selling his stake in the ailing airline to the government for RM1.79 billion – or RM8 a share – the same sum he paid in 2001. However, the company’s closing share price at the time Tajudin sold MAS was RM3.68.

"What happened next? MAS lost billions of ringgit, and Tajudin was given a gift of RM586 million ringgit," said Anwar today.

State investment vehicle Khazanah Nasional Berhad announced yesterday that 6,000 jobs will be cut at the national carrier, which has lost at least RM3 million a day for the first half of the current financial year.

He pointed to the RM6.25 billion, 25-year catering contract awarded to Brahim's Holdings, which he said had burdened MAS for years.

"Never before has there been a deal involving giving a contract to anyone for 25 years. And this was given to the brother of a former prime minster," said Anwar, referring to Tun Abdullah Ahmad Badawi.

"All this weakened MAS and continued to burden it, until it has reached this point. Then came MH370 and MH17."

- See more at: http://www.themalaysianinsider.com/malaysia/article/why-punish-6000-mas-staff-over-putrajayas-incompetence-asks-anwar#sthash.rB4CgN74.dpuf' target='_blank'>http://www.themalaysianinsider.com/malaysia/article/why-punish-6000-mas-staff-over-putrajayas-incompetence-asks-anwar#sthash.rB4CgN74.dpuf

http://www.themalaysianinsider.com/malaysia/article/why-punish-6000-mas-staff-over-putrajayas-incompetence-asks-anwar