When Tajudin Ramli took over MAS, the national airline company had RM600 million in cash reserves. When he left MAS seven years later, the national airline company had a hole of RM8 billion, a gap of about RM9 billion!!!!
Why would the government want to drop its case against him?
Worst still was that Ramli Yusuff, the Director of the Commercial Crimes Investigations Department (CCID) of the Royal Malaysian Police (PDRM), and lawyer Rosli Dahlan, paid a heavy price for pursuing Tajudin Ramli.Both ended up being hauled into court against trumped-up charges. While Tajudin remained free and still extremely wealthy, Ramli lost his job and his shot at being the next IGP while Rosli lost his clients.
TODAY....
KUALA LUMPUR Aug 11 — Transparency-International Malaysia TI-M president Datuk Paul Low questioned the Najib administration’s decision to settle all out-of-court suits between government-linked-companies GLCs and Tan Sri Tajuddin Ramli saying today Putrajaya has a duty to protect the public’s interest.
He was responding to The Malaysian Insider’s report earlier today citing de facto law minister Datuk Seri Nazri Aziz’s directive to all GLCs including Danaharta and Malaysian Airlines MAS to drop all claims against Tun Dr Mahathir Mohamad’s poster boy for Bumiputera entrepreneurs as the Ministry of Finance MOF has agreed to settle the payment
“When they say settle something exactly what does it mean Nobody knows how it’s to be settled or how much on what basis and justification Is the government paying on behalf of the GLCs
Is it a bailout Who are parties involved “Who instructed Nazri Was it the Finance Ministry the Cabinet or the prime minister We don’t know ” Low told The Malaysian Insider when contacted
He reminded the ruling Barisan Nasional BN federal government that it was accountable for spending taxpayers’ money He said the government could not simply step into a legal dispute that involved a public-listed company even if it had government ties and added the government must show how the country and the public benefitted from such a decision
“This arrangement does not reflect well on the government In good governance the buck stops at the CEO or the board of directors The government has to answer ” he added
The head of the local anti-graft watchdog urged Putrajaya to come clean on the decision noting that it was a “test of good governance” for the ruling political coalition Opposition lawmakers said the out-of-court settlement demonstrate yet another example of political patronage
The Najib administration’s move to settle all outstanding claims against Tajuddin appears to be an attempt to wipe the slate clean in a financial saga that goes back decades to the height of Dr Mahathir’s administration
Tajuddin was a high flyer in the 1990s along with individuals such as Tan Sri Halim Saad but the 1997 Asian financial crisis saw most of them crashing to the ground
Although Najib is expected to call a general election within the year it has been reported that BN is short of funds to fight polls nationally after committing its machinery to retain its two-thirds majority in the April 16 Sarawak state election
The ruling coalition was said to have spent over RM500 million in the closer-than-expected race after party intelligence said that victory was only assured in 25 of the 71 state seats.
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