Birds of same feather in co-hort together
We are eager and keen to start a series of issues on the "fraudulent" new Deputy Chairman cum Chairman of the Executive Committee of Khazanah, Tan Sri Nor Mohamed Yakcop.
However, the latest episode on KLIA2 with Air Asia CEO, Aireen Omar strange statement demanding for an Inquiry as highlighted by Bigdogdotcom [Read here] attracted immediate attention.
Make no bones about it, Tan Sri Tony Fernandez, or for our convenient he is to be called Tony F, had long wanted Tan Sri Bashir Ahmad Abdul Majid removed as CEO of MAHB. [Read Rocky Bru here.]
The weakness in accusing MAHB at fault for delaying the construction of KLIA2 is that it is Tony F's own doing. An expected delay in the near future will also be Tony F intentional doing too. He will twist it to be the fault of MAHB.
And again, he will demand for Bashir's removal. Busuk hati si udang geragau ini.
Our own insider in MAHB said, KLIA2 is 90% completed. There is no need for such hurrah from Tony and his Air Asia management.
In the earlier phase, it was Tony F's long list of demands that was responsible for the delay.
Our insider who knows very well the project management of KLIA2 said, Tony F's people had been involve in every step of the way from the very beginning, attend every meetings, and aware of the plans and progress.
But, they only raised issues when the particular phase was about to get started. They have endles helah and pick on issues. Being the obliging Melayu they are, MAHB played to their wishes, thus the many delays.
Then Tony F turned around to backstabbed MAHB to say publicly they did not want this and that and raised the issue that KLIA2 is over priced.
Tony Pua, who seem to be on Tony F's payroll, echoed every issue that Tony raised to add a political dimenstion to the pressure on MAHB.
That is a sneeky and dishonest way of getting things done. 
In the last phase of the construction, which will involve system, there will be more encounters of the third kind between MAHB and Air Asia.
We have no details but it is basically CITA or common check-in system. Tony F will insist the airport use their system but the airport has decided on their own selected system.
Other airlines have no problem to conform to the specified system by MAHB. Dare to bet our daughter's saving in Bank Simpanan Nasional passbook that Tony will make an issue.
But there is more than that.
Despite the KLIA2 being almost 90% complete, Air Asia has not started making any preparation to move.
Part of their plan to move will involve building their own office building. Months back there was the issue of Air Asia planning to build a tower whose height is not technically and safety-wise acceptable.
Why not preparing?
Financial Storm
Our insider strongly believed Air Asia do not and never want to move to the new LCCT.
They don't care that the current LCCT is jammed and packed with the non conducive environment replicating a wet market in Chow Kit. Everyone can fly but Air Asia will treat them like maggots from the feet of houseflies.
Addition 15/6 7:30PM
At Kota Kinabalu, MAHB has built the Terminal 2 dedicated for Low Cost Carrier, as once demanded by Tony F.
Terminal 2, that was renovated to serve Air Asia as an LCCT, was completed and reopened in January 2007. [Read in Wikipedia here.]
Till today, Air Asia refused to move from Terminal 1 to Terminal 2. The EC has gave written instruction to Air Asia twice, but they are adamant to not move.
The latest development is that Air Asia is buying time to delay agreed financial commitment because they see a financial storm in the making for them.
Their plan to buy Indonesian Batavia Air was aborted and their boast about Indonesia being greener grass has stopped.
Air Asia Japan also closed shop. Their collaborating partner, ANA took over.Could there be more in the making?
First quarter profit down.
The perfect storm will be when Malindo Air is fully operational and is at every destination of Air Asia.
Saving Air Asia
Who does not know that Nor Yakcop, Kalimullah, Khairy and Tony F are all in cohort?
Definitely, Dato Nazir Razak of CIMB is there in the orgy. Otherwise, he would not have given words of support to the suspiciously gay Azran Osman Rani.
Azran studied at Stanford University, just cross the Golden "Gay" Bridge from San Francisco and after Sausolito. Stanford is one the first few American universities that acknowledge LGBT.
We seemed familiar with the place, do we?
He maybe gay but he is not the son of Dato berSeri-seri Anwar Ibrahim's brother, arwah Rani.
The reason Nazir is willing to embarass his own brother by supporting Azran's "official" position to tick off Utusan Malaysia is to boost confidence in Air Asia X IPO.
CIMB has got their Charles Dickens deep inside Air Asia. It means Tony F's eventual fall (God willing) can be a real bad loan headache for Nazir, CIMB and ultimately Minister of Finance, Dato Najib.
Do not forget that the whole MAS-Air Asia collaboration (CCF) win-win bull is about saving Air Asia and fleecing MAS.
Tony F has MAS staffed with all his people. [Read Wee Choo Keong's latest revelation here.] Immediately upon CCF, the main threat to Air Asia, Fireflyz was closed and Dato Eddie Leung dipencen. Nazir must save Air Asia, himself and brother.
What is there about defending bum basher Azran's reverse racism?
Suspiciously Overpriced
Thus the over priced IPO of Air Asia X.
Par value 15 sen stocks floated at 10 times price. [Read Wee Choo Keong here.]
Most likely the series of IPOs by Air Asia on the Kuala Lumpur and regional bourses was to pass the buck to the public all over the region. Remember we said that Air Asia can become a systemic risk that can result in regional crash of the regional bourse?
The problem is Air Asia X was said to have a business model issue earlier and changed it to a medium haul airline. Supposed it is now fine, how is it to sustain stable earning based on only flights?
What is this bullshit about going to North Asia when they had end tie with ANA?
Hello SC! That does not protect public investors.
Please tangkap Nazir and investigate him like how they did on Starbiz's BK Siddhu. Dare or not?
Conflict of Interest
Here is a stinky bit.
CIMB is owned by Khazanah, MAHB is subsidairy of Khazanah. While Air Asia has Khazanah as 9% only shareholders.
We are quite sure that when KLIA2 was delayed, this was made aware in MAHB and Khazanah.
Nor Yakcop maybe Khazanah's new Deputy Chairman but he had been all along a member of the Board of Directors. Not only that, Nor Yakcop is in on every other transaction of Khazanah. That will be divulge in the near future.
Some may say he is a genius and talent. If only they know better, they will realise that he is a fraud. Many of the so-called smart, educated, and urbane young people in Pemandu thinks he is a genius. So that tells about their so-called intelligence.
Financial world's all-time biggest loser
Nor Yakcop maybe seen as talking like a knowledgeable man but tell us what success has he done?
Any claim of success of his is debatable. His only success could perhaps be the Bilateral Payment Arrangement but it failed the moment oil price and CPO got out of whack.
Selective Capital Control is not just his effort. There were many that was involved. His effort was merely to suggest learning from the Chile experience. All currency trader know of that too. But, as told by my friend, we emulated China!
While his success are limited and questionable, his failures are without doubt and humongously big.
As a start, he lost RM16 billion in foreign exchange trading. The destruction of the Bumiputera Commercial and Industrial Community is several multiple more.
Nor Yakcop is the financial world's all time biggest loser. It is not enough for him to be in Malaysian Book of record, he should be in the Guiness Book of World Records.
Need we say more.
"Fraud"?
Back to MAHB, Nor Yakcop and the Board must have known and done enquiry on the delay. Otherwise, he is not doing his job and is sleeping like Pak Lah.
They would have known the reason for the delay is Air Asia. If he does not, then he is a fake who does not know what he is doing as Director.
What is he doing getting to close with Tony F to the detriment of Khazanah's more significant interest in MAHB and CIMB?
As someone who is buddy buddy with Tony F, why can't he used his friendship to achieve a win-win situation for MAHB and Air Asia?
If Nor Yakcop can threaten every corporate player in town back in the wild post-financial crisis days like he did on Tan Sri Halim Saad, Tan Sri Tajuddin and Realmild's empat budak Melayu, why can't he tell Tony F that "we will investigate you" like he did before.
Quite sure there is a lot of "fraudulent" and life threatening going-ons in the business and operational practices of Air Asia.
Basically Nor Yakcop is in collusion with Tony F and a much bigger "fraud" than the alleged fraud he did to Halim Saad.
He must be up to something. A fake and "fraud" like Nor Yakcop must be scheming something for Tony F to benefit immensely.
If there is something for Tony F, will there not be something for him too? Perhaps, some construction contract and divert some money to Dubai and return back washed clean. Or to get Tony F to support his many ventures under family proxies?
The code among thieves: I scratch your balls and you scratch my balls. The mistresses deal with the hard-ons.
Edited: 15/6 11:00 AM