SCwatch


LETTING TAJUDDIN RAMLI OFF THE HOOK : UMNO’S FEAR OF HIM SPILLING THE BEANS ABOUT THEIR ‘STRUCTURED COOPERATIVE’ PACT TO MILK THE COW?

Why was I not surprised that Tajuddin Ramli will ultimately be let off the hook for the many charges made against him by the likes of MAS, Telekom (Axiata) and Naluri?

Why will I not be surprised when ex Sime Darby CEO, Ahmad Zubir Murshid, will also be let off the hook from the many charges of improprieties?

I still recall the government selling a 32.9% stake in MAS to Tajuddin for RM1.79 billion in  1994 from Bank Negara Malaysia….. a significant sum during that time …… after which the airline went into a tail-spin.

The government’s response to the big hole caused by Tajuddin – buy back the stake for the same amount i.e. RM1.79 billion although its market value on the KLSE was only a proportion of that amount!

Let’s not forget that Tajuddin was given the 1st license to operate the cell-phone business under Celcom. It was a cash-cow for him …… and its value soared on subsequent listing.

Why did it plummet subsequently …… requiring rescue from Telekom Bhd …… which btw also sued him for improprieties?

Did Tajuddin (or Zubir for that matter) carry out those improprieties for their own personal benefit ……. OR were they the well known cronies for other parties?

Won’t this climb-down confirm the Rakyat’s suspicion of the sinister collaboration between politicians and corporate cronies?

One reason given for the ‘let-off’ ….. that reflected the government’s real fear ….. was that Tajuddin was counter-suing the plaintiffs.

Tajuddin was going to spill the beans!

I imagine Zubir (ex Sime Darby CEO) will be encouraged by this development.

Click HERE about attempts to placate the cronies. 


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