The Untouchables at Khazanah, TM and Axiata-Part 1

The chronicle of the story does NOT match the internal annals you have. Are you starting to see similar statements coming from Khazanah, TM as well as Axiata?
From Oct 2004 to February 2006, Alcatel bribed supervision officials in Malaysia to obtain trusted inform relating to the open proposal which Alcatel ultimately won, the result of which yielded the telecommunications stipulate valued during you estimate US$85 million. It was additionally reported which the TM employees who perceived bribes were "foreign officials" inside of the definition of the US Foreign Corrupt Practices Act as well as "were in the poignant in front of to change the process decisions Telekom Malaysia made." It added the Basel-based Alcatel Standard done poignant lump-sum payments through US bank accounts to dual consultants labeled "Malaysian Consultant A" as well as "Malaysian Consultant B", purportedly for marketplace research. "Alcatel Standard paid US$200,000 to Malaysian Consultant A in 2005 for the series of 'market reports' describing conditions in the Malaysian telecommunications market. Similarly, Alcatel Standard paid US$500,000 to Malaysian Consultant B in 2005 for the 'strategic comprehension report'. "However, the work product these consultants rebuilt could not justify the distance of Alcatel Standard's payments. In fact, Malaysian Consultant A as well as Malaysian Consultant B did not crop up to render any legitimate services to Alcatel Malaysia in tie with these
In alternative words the dual buggers who perceived USD 700,000 conned Alcatel into profitable them the money. The giver has admitted their crime. They admitted they bribed. They have been fined as well as legally prosecuted. See here? Unless the charge is associated to the crime, afterwards the charges stick. Otherwise you rubbish open income as well as time. As the passing mention- you charged Khir Toyo for securing the piece of land during the most cheaper price which when it was initial obtained? Stupidity is not the crime! . If it is, afterwards you should alter the seller. Pull out all of Khir's teeth. Court order him from eating tempe. Where is the crime? That charge contingency describe to the crime.
Same thing with Sime Darby. Why didn't it usually inform to the police? Or to MACC? Unless the charges have been associated to the little crime, the charges will usually be the wipe-out.
Unless you have the opposite set of laws which contend what the dual guys did wasn't the crime, you will actually see the matter during the commencement of this article. It will be the cabinet fast assembled to cover the backsides of most people. People from Khazanah, people from TM then, people from MOF even.
So, it is really perplexing, which you have been usually starting with an investigative committee. It would crop up which what TM as well as Axiata have been you do is to arrange the group to cover the misdeeds of the little people. TM or Axiata shouldn't rubbish their time as well as income (whose money?) to whitewash this part as well as should usually make the military inform about the crime carrying been committed.
So:-
Telekom Malaysia Bhd (TM) has set up the house sub-committee to examine the Alcatel Lucent SA (ALU) kickbacks scandal which implicates dual Malaysian officials in the US$85 million (RM263.5 million) stipulate given out by the internal telecoms giant. Regional mobile phone use provider Axiata Bhd has additionally promised to examine the temptation case as it occurred in 2006 when it was the TM division well well known as Telekom Malaysia International (TMI). Both public-listed companies, which share the common shareholder sovereign resources fund Khazanah Nasional Berhad announced their respective investigations in filings to Bursa Malaysia last night.
Bursa Malaysia? Wasn't this the classification headed by the former Shell Legal Manager who has actually once said, which anything sanctioned by Khazanah should be treated with colour as gospel truth? That those most admired denizens du! ring Kha zanah have been the Malaysian chronicle of The Untouchables?
Let's go over the obvious. Any preference on capex expenditures by any of the Khazanah owned companies contingency have been referred to Khazanah. Azman Mokhtar who swears by the various coloured manuals which Khazanah operates by, will never concede any capex expenditures upheld without notice. He is after all an honorable man. He has brought the brand new enlightenment of handling Khazanah. His character is cheese compared to chalk of previous stewards of Khazanah.
It's the brand new age Khazanah which acquires shares as well as sell down in the open market. It doesn't want to sell to PNB? Isn't which strategic? To me, what Khazanah is you do is additionally similar to the standard BUmiputera who gets shares as well as afterwards cash out. Same sting operations. Khazanah is afterwards as rotten as those Bumis who got shares as well as sold RM52 billion of the 54 which were released to them underneath NEP. It's the brand new age Khazanah which is additionally debt ridden as well as issues sukuk as well as bonds here as well as there.
As to CAPEX spending generally if they have been outrageous decisions on who to appoint as vendors contingency additionally be done inside of the full believe of Khazanah.
When TM got the permit to operate the 3G services, it carried out proposal exercises to secure the best vendors. Vendors contingency have been evaluated in conditions of acceptability, lane record as well as technical reputability. Hence, when TM called for tenders to supply them with the equipment, most were invited including those with lesser lane record such as Huawei of China. Well well well known players such as Erickson, Nokia were additionally invited.
In the initial proviso of installing the 3G services Huawei of China appeared to be the the one preferred vendor. The appointment of Huawei as the businessman for the Klang Valley was pushed hard by several directors of TM. It was roughly supposed but for the persisten! ce of th e little people who insisted which Huawei lacked the lane record. The resolution offered by Huawei was supposed by usually one or dual countries during which time. On the alternative hand the solutions offered by alternative obvious as well as attempted vendors such as Nokia as well as Erickson were applied in most some-more countries. As the compromise, it was motionless which Nokia would be appointed businessman for the Klang Valley as well as Huawei can be used to exam the technical capabilities in peripheral areas such as Penang as well as Johor.
To recap: in proviso one which is bottom period, Nokia as well as Huawei were the vendors.
We come to the second phase. When time came for expanding the 3G services, following the some-more or reduction compromised proceed during the initial phase, the same protocols were followed. Huawei as well as Nokia as well as others with proven lane annals were invited to bid for tenders for the enlargement of the 3G services.
Read carefully this. When everyone of the solutions providers had been called, Azman Mokhtar perceived the gentle poke from someone in MOF to " tolong Alcatel kalau boleh". This someone from MOF (remember during this time, MOF has MOF1 as well as MOF2) contingency have been the persuasive nudger; because Azman MOkhtar interpreted which tolong kalau boleh tolong as mesti tolong.
But Azman Mohtar is an honorable man. He swears by the yellow book, green book as well as what books.