Musa, Anwar and other politico-corporate development

In box readers did not notice, Musa the Fox campaign picture was private from this blog this morning. It is officially lifted.

Sime Darby's Annual as good as Extraordinary General Meetings yesterday went well. Resolutions tabled for the EGM approved. Mainstream paper reported of Dato Bakke Salleh voiced intention not to accept the scheme.

And Tun Musa Hitam did the lady thing to not find re-election as Sime Darby Chairman.

However, it has got nothing to do with the previous posting calling for him not to find re-election. [Readhere.]He had programmed for it as good as told shareholders during the AGM.

"I had dictated to offer Sime Darby for 3 years from 2007. However, due to the series of reasons, which preference was behind until now. you hand over the reins of this good association to the subsequent era of leaders. you do so with an easy heart."

Here onward, let the issue lay.

While it is easy for Musa, it is not getting easier for Dato Seri Anwar Ibrahim.


The justice of interest has ruled which Anwar will be required to appear in justice as declare in the legal box by Hong Leong bank opposite shareholders of Aras Murni Corporation Berhad (AMCB).

[Read the past postings:Opening of Anwar's Pandora BoxandSecurity Risk of Hood Osman.]

Actually, there is ostensible to be the bigger explanation from the past to come as good as haunt him. Not this one.

First thing first.

Why is PNB still keeping this dude, Hood Osman with the monetary legal box up his neck?

Isn't having the CEO with the legal box subjecting the association to risk?

What's wrong with Tan Sri Hamad Kama Piah?

Doesn't he review practice contracts which they contingency be free from bankruptcy? The least he could do is put Hood upon gardening leave.

Hamad improved watch his steps.

There have been most unpalatable rumours circulating with courtesy to the building the whole of the 100 floors Menara PNB. Rumours have been saying the Menara PNB Project Office, if there is one yet, is beginning to be ade factobusiness arm of the Persatuan Anak Kelantan Malaysia.

Does he think BN can win in Kelantan as good as it is time to dish out rewards?

Hood together with couple of others have been sued by an aged crony of Anwar Ibrahim, Tan Sri Quek Leng Chan's Hong Leong Bank with regards to an aged loan since AMCB to takeover Kewangan Usaha bersatu (KUB).

Deal as good as loan left sour as good as Quek wants his income back. Perhaps, the distant sighted Quek do not see any prospect w! ith Anwa r Ibrahim.

Freedy Kevin highlighted in his blogherethat:

The Court of Appeal here upon Wednesday allowed an interest brought by the businessman to rectify his matter of defence to embody the impasse of antithesis leader Datuk Seri Anwar Ibrahim as the authority behind the RM445mil understanding to take Arus Murni Corporation Bhd (AMCB), which was owned Kewangan Bersatu Bhd (KBB).

The businessman dare to take up the loan because Anwar was involved.

"When asked by his lawyer, D. Paramalingam, how the companies as good as individuals were related, Low said: "From what you know, they have been all cronies of Datuk Seri Anwar Ibrahim."

Is this the male Pakatan Rakyat wants to lead this nation in the fight opposite corruption? Imagine, the people falling for the allegations he made upon crime but he himself is corrupt.

Oooo... let's wait for this justice box first. The monetary liaison upon Anwar will concerned billions!

As distant as you know, Tun Musa never had the history of corruption.Our regard is which he is the domestic animal. He cannot shed his habit as politician, his poise as statesman as good as his manouvring like the politician.

In the time to come, you cannot means to go upon like this. Prime Minister has already proposed making Board of Directors of IMDB comprise of professionals as good as n! o politicians.

The Star inform today upon Musa:

Musa retires as Sime chairman

PETALING JAYA: Former emissary prime apportion Tun Musa Hitam, 78, has relinquished his in front of as executive as good as authority of Sime Darby Bhd after land those positions for more than five years.

In an AGM as good as EGM which were hold concurrently, Musa voiced which he did not find for reappointment citing his age cause as good as after steering the organisation out of the doldrums. The group's appetite as good as utilities incurred the whopping RM1.7bil in waste in 2010.

Shareholders which attended the assembly pronounced Musa voiced his wish to retire in view of the stream healthy monetary in front of of the world's largest-listed palm oil writer by acreage.

Sources pronounced Musa had already disclosed his preference to step down multiform months ago as good as he had scaled down some of his activities.

"I had dictated to offer Sime Darby for 3 years from 2007. However, due to the series of reasons, which preference was behind until now. you hand over the reins of this good association to the subsequent era of leaders. you do so with an easy heart," Musa told the shareholders in the morning.

Musa will additionally relinquish the chairmanship of the Sime Darby house arrangement as good as assignment committee, Sime Darby Plantation Sdn Bhd, Sime Darby Unimills, Sime Darby Hudson & Knight as good as the Kuala Lumpur Golf as good as Country Club.

Musa is still the authority of Lion Industries Corp Bhd, United Malayan Land Bhd, CIMB Group's general advisory row as good as the World Islamic Economic Forum.

EPF authority Tan Sri Samsudin Osman will be the interim authority untila emissary is appointed.

On the meetings, Minority Shareholder Watchdog Group (MSWG) CEO Rita Benoy Bushon said: "Many questions were riased by all shar! eholders together with the MSWG. Our questions were answered sufficient in the AGM."

On the group's employee share option scheme (Esos) offer which was passed, she pronounced questions were lifted to find construction upon the scheme together with when it would beissued.

"It was settled which the Esos would only be granted to employees which fulfil sure opening criteria, as good as the Esos would be granted to about 5,000 employees above the executive position.

"The shares would only be granted after 3 years," she said.

It is learnt which boss as good as organisation arch executive military officer Datuk Mohd Bakke Salleh had voiced his intention not accept the Esos option.

Don't mislead la ... it is not ESOS.

The Edge Daily inform below:

Musa springs the surprise

KUALA LUMPUR: Seventy-eight-year-old Tun Musa Hitam retired as authority as good as executive of Sime Darby Bhd during the group's AGM yesterday.

The proclamation caught most by surprise, even yet the former emissary prime apportion had hinted in the past which he would retire from the Sime Darby house when the "time is right" as good as after the conglomerate had put the house in sequence following the RM1.7 billion waste suffered in 2010.

In the matter issued to Bursa Malaysia yesterday, Sime Darby pronounced Musa had voiced his desire not to find re-appointment as the executive of Sime Darby, as good as therefore retired upon the conclusion of th! e group' s sixth AGM.

Tan Sri Samsudin Osman will offer as interim chairman. Tan Sri Hamad Kama Piah Che Othman, the emissary chairman, is approaching to pretence the chairman's post as he is now boss as good as organisation arch executive of Permodalan Nasional Bhd, the majority shareholder of Sime Darby with the 51% stake. The Employees Provident Fund is the second largest shareholder with the 11.75% stake.

Musa's proclamation came as the warn because he had not indicated which he would leave the house when the notice for the AGM was sent out to shareholders the couple of weeks ago.

Sime Darby pronounced Musa explained to the house yesterday sunrise which he had, during the time, been unable to promulgate his loyal intention for multiform reasons, together with the desire to contain speculation.

Musa additionally pronounced he had creatively programmed for his early retirement most earlier. "I had dictated to offer Sime Darby for 3 years from 2007. However, due to the series of reasons, which preference was behind to now. Now, as you hand over the reins of this good association to the subsequent era of leaders, you do so with an easy heart," he told shareholders during the AGM.

Sime Darby pronounced Musa will additionally relinquish the chairmanships of the Sime Darby house arrangement as good as assignment committee, the play of Sime Darby Plantation Sdn Bhd, Sime Darby Unimills, Sime Darby Hudson & Knight as good as the Kuala Lumpur Golf as good as Country Club (KLGCC).

Musa was allocated to the house of Synergy Drive Bhd in Sep 2007 as authority as good as non-executive director. Synergy Drive acquired Kumpulan Sime Darby Bhd, Golden Hope Plantations Bhd as good as Kumpulan Guthrie Bhd in 2007 as good as was listed upon Bursa Malaysia in November 2007 as Sime Darby Bhd.

Musa is now authority of Lion Industries Corp Bhd as good as United Malayan Land Bhd, both of which have been listed upon the Main Market of Bursa Malaysia. He is additionally upon the CIMB group's general advisory row as good as the World Islamic Economic Forum, as good as the part of of the International Advisory Board Rotterdam as good as the part of of the advisory house of the Malaysian Journal of Diplomacy as good as Foreign Relations.

During his chairmanship of Sime, the organisation saw the net distinction shoot up to RM3.5 billion in the fi! rst year of operations as the merged entity. But trouble proposed to uncover in 2009, when the appetite as good as utilities multiplication available massive cost overruns in the Qatar projects.

This brought down the group's distinction to RM727 million in monetary year 2010 ended Jun 30, ensuing in former CEO Datuk Seri Ahmad Zubir Murshid being told to step down.

Later, Sime Darby filed the civil fit opposite Zubir as good as 4 others over their purported purposes in the RM1.7 billion losses. Zubir additionally faces the criminal assign in relation to crime during his tenure during the helm of Sime.

Sime Darby's shares sealed down dual sen during RM9.73 yesterday.

Musa just can't help it in being the politician. It reminded us of his warn resignation as Deputy Prime Minister in 1986. He pennyless the heart of most Johoreans as good as supporters then.

Anyway ... he is the lady after all.

Happy early retirement from Sime Darby, sir. Good luck with your other work.

- Another Brick in the Wall

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