by Ganesh Sahathevan
Quite apart from the MACC issues, SDB seems to have ignored the fact that AirAsia and AirAsia X , and in particular its senior management led by Tony Tajuddin Fernandes and Kamaruddin Mehranun, have been the subject of adverse findings by the UK Serious Fraud Office, which have subsequently been incorporated into the findings of fact in UK court decisions in favour of the UK SFO in the matters of Rolls Royce and Airbus (see reports below).
SDB may have as a result breached Malaysian anti-money laundering and money laundering rules. That SDB was unaware of the UK SFO findings is inconceivable; these are matters that were reported widely , worldwide.
TO BE READ WITH
Thursday, April 23, 2020
Lke Airbus, Rolls Royce also may be prevented from dealing with Tony "Tajudin" Fernandes, AA and AAX
by Ganesh Sahathevan
How a CEO of any company might find himself with nothing to do even at these times is beyond this writer.T
he case of Tony Fernandes reminds this writer ofTajuddin Ramli, former of MAS.The parallels are frightening,
and hence the nameTony "Tajuddin" Fernandes.
Apart from the Airbus admission (see below), Rolls Royce who supply AA and AAX jet engines and related services may also be prevented from dealing with AA and AAX given Rolls Royce's admissions to the SFO. Readers may recall that when the Rolls Royce/SFO story broke AA
responded with a press statement that implicated the entire AA and AAX board:
AirAsia Group head of communications Audrey Progastama Petriny, in a statement to Malaysiakini, said AirAsia and AirAsia X board of directors and management were kept informed at all times of the transactions relating to the jet.
TO BE READ WITH
by Ganesh Sahathevan
How a CEO of any company might find himself with nothing to do even at these times is beyond this writer.T
he case of Tony Fernandes reminds this writer ofTajuddin Ramli, former of MAS.The parallels are frightening,
and hence the nameTony "Tajuddin" Fernandes.
Apart from the Airbus admission (see below), Rolls Royce who supply AA and AAX jet engines and related services may also be prevented from dealing with AA and AAX given Rolls Royce's admissions to the SFO. Readers may recall that when the Rolls Royce/SFO story broke AA
responded with a press statement that implicated the entire AA and AAX board:
AirAsia Group head of communications Audrey Progastama Petriny, in a statement to Malaysiakini, said AirAsia and AirAsia X board of directors and management were kept informed at all times of the transactions relating to the jet.
TO BE READ WITH
How a CEO of any company might find himself with nothing to do even at these times is beyond this writer.T
he case of Tony Fernandes reminds this writer ofTajuddin Ramli, former of MAS.The parallels are frightening,
and hence the nameTony "Tajuddin" Fernandes.
Apart from the Airbus admission (see below), Rolls Royce who supply AA and AAX jet engines and related services may also be prevented from dealing with AA and AAX given Rolls Royce's admissions to the SFO. Readers may recall that when the Rolls Royce/SFO story broke AA
responded with a press statement that implicated the entire AA and AAX board:
AirAsia Group head of communications Audrey Progastama Petriny, in a statement to Malaysiakini, said AirAsia and AirAsia X board of directors and management were kept informed at all times of the transactions relating to the jet.
TO BE READ WITH
Tuesday, April 21, 2020
Airbus will not, cannot deal with AirAsia, AirAsiaX-AA, AAX fleet is entirely Airbus, so how much are AA and AAX worth?
by Ganesh Sahathevan
AIRASIA SUPERSIZES ITS FLEET TO LOWER FARES
This was the case just under a year ago
Reuters reported:
Airbus (AIR.PA) has put six jets made for one of its largest customers up for sale after giving up on Malaysia’s AirAsia (AIRA.KL) taking delivery of them, sources familiar with the matter told Reuters.
Airbus's sale comes after its admission before UK's Criminal Court that it bribed AA officials,which Tony Fernandes and Mehranun admitted was a reference to them. That admission effectively prevents Airbus from future dealings with AA and AAX:
by Ganesh Sahathevan
AIRASIA SUPERSIZES ITS FLEET TO LOWER FARES
This was the case just under a year ago
Reuters reported:
Airbus (AIR.PA) has put six jets made for one of its largest customers up for sale after giving up on Malaysia’s AirAsia (AIRA.KL) taking delivery of them, sources familiar with the matter told Reuters.
Airbus's sale comes after its admission before UK's Criminal Court that it bribed AA officials,which Tony Fernandes and Mehranun admitted was a reference to them. That admission effectively prevents Airbus from future dealings with AA and AAX:
AIRASIA SUPERSIZES ITS FLEET TO LOWER FARES
This was the case just under a year ago
Reuters reported:
Airbus (AIR.PA) has put six jets made for one of its largest customers up for sale after giving up on Malaysia’s AirAsia (AIRA.KL) taking delivery of them, sources familiar with the matter told Reuters.
Airbus's sale comes after its admission before UK's Criminal Court that it bribed AA officials,which Tony Fernandes and Mehranun admitted was a reference to them. That admission effectively prevents Airbus from future dealings with AA and AAX:
Airbus admission prevents further business with Airasia: BDO Governance Advisory findings meaningless. given Airbus admission before the UK Crown Court,and cannot be a substitute for MACC, police, SC investigation
AA and AAX's fleet is entirely Airbus. AA and AAX's growth is impeded, and operational issues, such as maintenance and parts, are likely. Add to that AA and AAX's financial problems, and what really are these companies worth? Are they worth anything at all?END
AA and AAX's fleet is entirely Airbus. AA and AAX's growth is impeded, and operational issues, such as maintenance and parts, are likely.
Add to that AA and AAX's financial problems, and what really are these companies worth? Are they worth anything at all?
END
Monday, March 23, 2020
Airbus might be family but AML/CTF rules mean Airbus cannot deal with Tony Fernandes (and now the AA,AAX board members have implicated themselves)
by Ganesh Sahathevan
This is touching
However, the above and the BDO Governance Advisory finding changes nothing. Additionally, AA and AAX directors may have now implicated themselves.
The real issue here is:How are AA and AAX going to maintain, build and finance their fleets that are comprised entirely of Airbus planes.
END
To Be Read With
by Ganesh Sahathevan
This is touching
However, the above and the BDO Governance Advisory finding changes nothing. Additionally, AA and AAX directors may have now implicated themselves.
The real issue here is:How are AA and AAX going to maintain, build and finance their fleets that are comprised entirely of Airbus planes.
END
To Be Read With
This is touching
However, the above and the BDO Governance Advisory finding changes nothing. Additionally, AA and AAX directors may have now implicated themselves.
The real issue here is:How are AA and AAX going to maintain, build and finance their fleets that are comprised entirely of Airbus planes.
END
To Be Read With
Airbus admission prevents further business with Airasia: BDO Governance Advisory findings meaningless. given Airbus admission before the UK Crown Court,and cannot be a substitute for MACC, police, SC investigation
AND
Airbus-AirAsia admissions made under UK Bribery Act 2010,which gives UK Govt extraterritorial jurisdiction: Tony Fernandes said F1 was very much part of AA, AAX brand building, Fernandes admission may subject AA,AAX to UK Bribery Act jurisdiction
by Ganesh Sahathevan
Tony Fernandes, Catreham F1 and AirAisa captured in
a single image.
Reacting to the Airbus-Airasia bribery admission Tony Fernandes said:
We built an amazing brand and F1 was a big part of it.
Reuters quoting a statement issued by Fernandes and Kamaduddin Mehranun reported:
“Caterham F1, the company alleged to have been sponsored improperly by Airbus, was at the relevant time a Formula 1 racing team that had gone round the globe promoting amongst others AirAsia, AirAsia X, GE and Airbus,” Fernandes and Kamarudin said in the statement.
The above statements may have brought AirAsia and AirAsiaX within UK Bribery Act jurisdiction, which premises jurisdiction based on business activity , not merely incorporation and business presence.That the statements have been made by the senior executive directors of the companies involved makes the connection that much stronger. For a simple to read explanation of how the UK Bribery Act 2001 works, see article below.
END
by Ganesh Sahathevan
Tony Fernandes, Catreham F1 and AirAisa captured in
a single image.
Reacting to the Airbus-Airasia bribery admission Tony Fernandes said:
We built an amazing brand and F1 was a big part of it.
Reuters quoting a statement issued by Fernandes and Kamaduddin Mehranun reported:
“Caterham F1, the company alleged to have been sponsored improperly by Airbus, was at the relevant time a Formula 1 racing team that had gone round the globe promoting amongst others AirAsia, AirAsia X, GE and Airbus,” Fernandes and Kamarudin said in the statement.
Tony Fernandes, Catreham F1 and AirAisa captured in
a single image.
Reacting to the Airbus-Airasia bribery admission Tony Fernandes said:
We built an amazing brand and F1 was a big part of it.
Reuters quoting a statement issued by Fernandes and Kamaduddin Mehranun reported:
“Caterham F1, the company alleged to have been sponsored improperly by Airbus, was at the relevant time a Formula 1 racing team that had gone round the globe promoting amongst others AirAsia, AirAsia X, GE and Airbus,” Fernandes and Kamarudin said in the statement.
The above statements may have brought AirAsia and AirAsiaX within UK Bribery Act jurisdiction, which premises jurisdiction based on business activity , not merely incorporation and business presence.
That the statements have been made by the senior executive directors of the companies involved makes the connection that much stronger. For a simple to read explanation of how the UK Bribery Act 2001 works, see article below.
END
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