On 29 February 2012En Ahmad Jauhari Yahya,(AJ) ,En Mohammed Rashdan Yusof aka Danny(Rashdan), Tan Sri Azman Mokhtar's ex-businesss partner inBinaFikir Sdn Bhdand crony, andEnRozman Omar(Rozman), a newly crowned CFO of MAS as well as ex high ranking military officer of AirAsia, briefed a media of a opening of MAS for a 4th Quarter as well as FY 2011. They have constructed total shaped upon theUNAUDITED ACCOUNTSof MAS to a media which showed MAS has suffered outrageous waste to a balance ofRM2.524 billion.The pronounced waste contingency haveshaken a Government as well as nation. Whywas there a desperate need to make such a sudden briefing/announcement during this sold time? It was finished some 12 days before a derivation of Parliament upon 12-3-2012. What a coincidence!
Of course, they didn't strongly e! mphasise which a total quoted subsequent from theunaudited accounts as well as a upon tip of Disclaimer. Yours truly has a payoff of reception a display slideentitled:"Malaysia Airlines, 4th Quarter & FY2011 Financial Results,MH Pulse Financial Briefing"byAJ (Group CEO), Rashdan (Deputy Group CEO) as well as Rozman (Group CFO),the famousTRIO.
The TRIO took greatPRIDEin revelation a universe which how "sick" was MAS. Perhaps a TRIO was anticipating which they could garner a await of a republic for them and, most of all,TO ! JUSTIFY< /strong>what they have meaningless finished until right away as well as charted to do in a future!. ReadHERE. Perhaps to additionally justify a tip MAS AirAsia share swap, CCF as well as a practice of 10% choice to squeeze AirAsia X Sdn Bhd by Khaznah Nasional Bhd, which is headed by Tan Sri Asman Mokhtar, a ex-business partner of Rashdan in BinaFikir Sdn Bhd. Hence, a TRIO suspicion it fit to trick a Government as well as republic with a equipment as well as total quoted as partial of a losses. The pronounced "briefing" was seen as a"propaganda exercise"in being meaningless or senseless as well as a waste of open fund! Below have been a pronounced equipment which shaped partial of a outrageous losses:
Fuel price increasing by 25% (RM305m)
Non-fuel price increasing 50% especially due to a single more provisions:
- Redelivery of aircraft RM602m
Impairment of freighters RM314m
Stock obsolescence RM179m
Unrealised forex interpretation gains RM22m, Derivative gains RM28m
The upon tip of supposed waste totaledRM1.277 billion! You do not have to be a might to know which a upon tip of equipment cannot be treated with colour as partial of MAS losses. Which accountants or consultants did a TRIO use which suspicion them such creative accounting?
If those equipment as well as total were constructed by Rashdan, who was Tan Sri Azman Mokhtar ex-business partner in BinaFikir Sdn Bhd, yours truly could understand since Rashdan together with Tan Sri Azman Mokhtar were both in BinaFikir Sdn Bhd as well as wer! e two of a arch architects which were responsible for a projectWAUin 2002 which has made"MAS an item light airlines". MAS has became lighter after a disposal of 70% of a share in MAS Catering Sdn BhdtoGubahan Saujana Sdn Bhd, a company controlled byformer PM Tun Abdullah bin Hj ahmad Badawi's brother, Datuk Hj Ibrahim bin Hj Ahmad Badawi. Soon thereafter, MAS signed a a single sided catering agreement for25 yearswith MAS Catering Sdn Bhd, which name has since been changed to LSG Sky Chef Brahim Sdn Bhd. No consternation Rashdan was seen to be talking about disposing"non-core assets"of MAS. ReadHERE.
Yours truly hopes which Rashdan is not thinking ofMAS Engineering, MasKargo as well as MAS Academyas "non-core assets". AJ, you have been a real fast learner!
The aboveDISCLAIMERwas a partial of a slide show for pronounced briefing. Please examine a "Disclaimer" properly. The TRIO let a cat out of a bag by a pronounced DISCLAIMER. It clearly settled that" it may not contain all materials of a Company as well as itsACCURACY IS NOT GUARANTEED". "Neither Malaysian Airlines System Berhad ("MAS" or "the Company") nor a affiliates, directors, shareholders, a employees, agents as well as advi! sors mak e any representation per as well as assume shortcoming or guilt as well as assume no shortcoming or liabilities for a correctness as well as entire of or any error or repudiation of information compiled herein." "No assurancecan be! given w hich destiny events would occur as well as a company's assumptionis scold as well as projections can be achieved."The pronounced lecture by a TRIO had already been discredited by their solitary reliance upon a unaudited accounts. The DISCLAIMER has done it to be of ZERO value!
How could a TRIO holding such high posts of Group CEO, Group Deputy CEO as well as Group CFO of MAS, spending MAS account in a appointment of so many ostracise consultants as well as preparation of a pronounced lecture as well as during a same time a TRIO chose to dissent all shortcoming or liabilities for a correctness as well as entire of a information presented to a nation? The TRIO depicts a half baked government who has no clue as to what have been their role as tip managers of MAS. What a joke!
With such supposed lecture shaped upon unaudited accounts as well as assimilated with a DISCLAIMER, it would crop up which MAS does need a TRIO after all since they have done clever negative statements about MAS as well as a same time a TRIO disclaimed "responsibility, guilt as well as a accuracy" of what they have presented in a pronounced lecture upon 29-2-2012. The TRIO have right away assimilated a "Panamera Deadwoods Department" due to their solitary education of drawing outrageous salaries as well as perks, making meaningless decisions for MAS as well as contributing to a "LEAKAGES" in MAS. During such difficult duration for a aviation industry, MAS does not need such characters to ensure which the inhabitant airlines MAS will be grounded sooner than expected.
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