Any more failures, Azman should proudly hang himself with his Kolet ties on The Star reported husband to former CEO of Iskandar Investment Berhad CEO, Arlida Ariff charged for graft yesterday.
This is but another failure of "analyst" Tan Sri Azman Mokhtar and the organisation he leads, Khazanah Nasional Berhad.
Read The Star news below:
Husband of former Iskandar project official charged with graft (Updated)Read Big Cat here for comments. If only the operator IRDA Watch blog here had not close the blog and left their past postings on, the past indiscretion happening can be referred.
The Star Online
Tuesday December 27, 2011
JOHOR BARU: The husband of a former top official of Iskandar Investment Berhad (IIB) was charged at the Sessions court here with asking and receiving RM1.6mil from a construction company as an inducement to get a tender project from IIB.
Mohd Amin Suhaimi, 52, pleaded not guilty to all three charges against him for asking and receiving money from Detect Engineering Sdn Bhd to get a tender project to build a boarding school in Pulai from IIB worth RM40.84mil.
In the first charge, he was alleged to asked RM816,900 in cash from Detect Engineering Sdn Bhd director Mohd Hassan Madon, 48, through Mohd Iskandar Fahmi Abdullah, 52, who acted as the middleman.
The offence allegedly took place at a hotel along Jalan Harimau in Taman Century here around 5pm on April 22 last year.
In the second charged, Amin was alleged to received RM500,000 in cash as a fee from Hassan through Mohd Iskandar, at a parking lot inside a shopping complex along Jalan Wong Ah Fook around 4pm on June 4, 2010.
He was also alleged to received RM316,900 in cash as a fee for helping the company to get the project from IIB, at a parking lot inside a shopping complex along Jalan Trus between 2pm and 3pm on June 9 last year.
Amin allegedly committed an offence under Section 16(a)(A) of the Malaysia Anti-Corruption Commission Act 2009 and was charged under Section 24 of the same Act.
The charge carries a jail term of up to 20 years and a fine of not less than five times the amount of bribe or RM10,000, whichever is higher.
Sessions Court judge Mohd Nasri Nordin then set bail at RM100,000, told the accused to surrender his passport and fixed Jan 27 as mention for the case.
MACC officer Abdul Ghafar Abdul Latif prosecuted the case while Shamsul Sulaiman represented the accused.
Iskandar spells Khazanah.
The failed CEO of IRDA, Harun Johari who is Amokh's MCOBA friend was absorbed into Khazanah into an agricutural marketing company. The company is waiting time to go under.
One should wonder what has Khazanah achieved since their existence? What is said to be on track to contribute to national development in 2006?
Most of their investments are those made by Government in the past. They failed in their assigned turnaround of MAS, Proton, and UEM.
Khazanah fumbled on the MAS turnaround for years and will completely sent the National carrier to it's demise. Their intentional effort to prop up Air Asia at the cost of MAS will come with a political cost to the Government and be part of a regional financial disaster bigger than Pan Electric in the making.
Proton have been only stop-gap measure of short sighted positioning. It is only doing what in auto term described as rebadging. There is nothing visionary of what is being done.
Even the current new models are not in keeping with the latest market demand for increased fuel efficiency. Heard it is not selling. And, we are aware about the going-ons at one former wakil rakyat's by the name of Fatah's hometown.
UEM is hidden away from the public's radar by delisting and one will only know of their listed UEM Land. It will make money without thinking of the long-term socio-economic, political and security implication to the nation.
But what happen to the failed businesses in Qatar, and perhaps other areas of the world.
With an analyst at the top, one can't expect Khazanah to turnaround businesses. Let alone to perform an important role to make new strategic investment.
Government had given them a RM1 billion grant for food, thanks by stealing a University lecturer's project paper and idea. Unless one is Ethos Consulting, McKinsey, BCG, and other orang putih brand of consulting, one's idea will get stolen.
Almost all their agriculture venture failed.
Khazanah have a string of failed projects in their new investments. Corruption and leakage like IIB graft charges is every where in the whole Khazanah organisation.
But Amokh the "analyst" can say that on balance they got so much return, and he feels it is okay as compared to blah blah blah ... and given market condition, we are blah blah blah ...?
Amokh ... I thought it is supposed to emulate Temasek. You are not supposed to be merely an analyst managing fund or fund manager and Khazanah is not a fund management company!
- Another Brick in the Wall
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