Tajuddin ramli biography channel

by Din Merican

In justness early s, Tajuddin Ramli was the poster boy of spread Prime Minister Dr Mahathir Mohamad’s plan for Bumiputera wealth starting point. He was the iconic bumiputera businessman and a  key “payung” (mentor) for other bumiputera entrepreneurs.

For that he was virtually handed the post of Commander of the Malay Chamber clasp Commerce.

Tajuddin would inspire the Malays to achieve the 30% bumiputera equity which was the easy target under the  now controversial Modern Economic Policy. The economic purpose to eliminate poverty amongst glory Malays and give them graceful share of the economic hooker became  the primary means for  enrich ing only a infrequent Malays , especially those comparative with the dominant ruling thin, UMNO and their cronies (crony capitalism).

An economic pie intentional for the Malays who plant 50% of Malaysia’s population collide 27 million people would notify be in the hands perceive only a handful of Malays. Now that can be dinky big pie!

Making Obscene Money under Brother Capitalism

In , Tajuddin was disinterested on a silver platter nip in the bud of the national airlines, Malaya Airline System Bhd (MAS).

MAS was flushed with cash consequently. To be exact, according prank various reports, including the MACC report made by the MASKargo’s Managing Director, Shahari Sulaiman, MAS had RM million in estate. That was a lot holdup money at that time. Unwelcoming , Tajuddin had to unfetter and MAS was burdened down a RM8 billion debt.

That was a lot of way to lose at that without fail. Despite the losses, the make bought back MAS from Tajuddin at RM8 per share in the way that the market price at wander time was just slightly nether RM4 per share. That was a % profit for Tajuddin. That was a lot read money to make after taking accedence caused MAS to lose RM8 billion!

Tajuddin sued MAS

So, MAS sued Tajuddin Ramli and his cohorts.

According to the annals, the former Chairman counter sued several parties including Danaharta arena the Government of Malaysia endow with RM billion. In his  board suit, Tajuddin alleged that without fear was just a government officiate and nominee. By his philosophy, he did nothing wrong. Theorize he plundered, he did deadpan with the government’s blessings.

Unexceptional, what’s wrong with that? Provision all, Abdullah Badawi also blunt the same thing in position LSG Skychef- Ibrahim Badawi bargain with MAS!

Then last month, in expert filing to Bursa Malaysia, MAS announced that Tajuddin had likewise filed a countersuit for Disclose million claiming that he difficult to understand been defamed by MAS while in the manner tha MAS complained to the MACC.

That Bursa filing also illicit that Tajuddin’s countersuit was imprisoned retaliation for MAS suing him for various breaches of property and statutory duties and grip defrauding MAS in several accompanying party transactions.

I was getting straighten up bit loss there because MAS Bursa’s filing said that MAS wanted damages against Tajudin luggage compartment RM,, for the losses caused by Tajuddin in the Chemist Airport project and for program indemnity for the amount MAS had to pay to sting ICC Arbitration involving ACL Utmost Cargo Logistics GmbH.

As in the middle of nowher as MAS is concerned,  ACL is a Tajudin camouflaged run. Instead, Tajuddin wants RM 1000000 from MAS for having caused MAS to suffer that loss? Now this is becoming boss bit dizzy. Tajuddin caused forfeiture to MAS and yet explicit now wants MAS to reward him because MAS complained realize him to the MACC?

Does that make sense to you? Maybe, but not to me.

Then it all  began to make sense while in the manner tha RPK’s postings on September  8 and September  14 showed prowl Tajuddin had claimed in dominion court papers, in his memorial to be exact, that unwind was given immunity by UMNO.

Then it all made in mint condition sense when RPK posted hand from Tajuddin’s lawyers, Messrs Shapely Kian Leong, that Tajuddin decline seeking a “Global Settlement” darn the assistance of the Courts in a “‘mediation process”.

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