PAC to probe ECM-Libra/Avenue Capital deal
Sharir Abdul Samad cannot pretend that he heard nothing at the July 18 briefing session for Umno FT held at the Nikko Hotel recently.
That was the session during which Umno grassroots brought up the issue of the 'merger' between ECM Libra, linked to Kalimullah Masheerul Hassan as the chairman and joint CEO, and Avenue Capital, a GLC owned by the rakyat through the Treasury.
So yesterday, Sharir has to pull out one the many hats he is wearing, this time as the chairman of the Parliamentary Public Audit Committee (PAC) , to put ECM-Libra on the spot. He wants to know how the deal, of a smaller entity swallowing a bigger one, went through.
SOURCE: Utusan Malaysia, July 24, 2006
Utusan Malaysia and Oriental Daily News have the story.
Comments
Will Shahril called Kalimullah and KJ to appear before PAC?
Posted by: kumango![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 24, 2006 05:04 PM
What happened to PAC's finding on total cancellation cost of Crooked half-bridge?
Posted by: sonicwall![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 24, 2006 05:38 PM
Tahniah, PAC! Penggabungan tersebut amat mencurigakan kerana balance statement Avenue Capital amat menguntungkan untuk ECM Libra. Tahniah PAC dan PAS! Patut adakan due diligence pada ECM bagaimana Kalimunah & Khairy boleh jadi towkay ECM! Kena saman bekas MD, Avenue Capital juga, orang kamceng si Khairy.
Posted by: williamC![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 24, 2006 06:16 PM
Shahrir only dares to call Semi Value...KJ and all the other God and Priest are untouchable...
Posted by: PenangWang![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 24, 2006 06:35 PM
sigh...
What do you guys expect the findings gonna be? sigh...
Posted by: joejak![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 24, 2006 06:55 PM
it si good that PAC took the initiative but whether the findings will be kept a secret is yet to be known. perhaps all just sandiwara. afterall KJ is SIL of AAB. If other big fish has yet to be fried u expect the SIL to go down first?
Posted by: groo![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 24, 2006 07:00 PM
Its good to see tyat PAC is pro-active in this case. As long as it does not have any personal political agenda....
However, the way I see it, PAC will call the relevant parties to their hearings but in the end...as usual the findings will be kept under lock and key...
Pls PAC, do what is right all the way...no more half bridges...
Till then...G'nite M'sia, wherever u are...
Posted by: nightcaller![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 25, 2006 07:32 AM
... maybe PAC can also go find out how Bank Bumiputra Commerce managed to swallow Southern Bank. Why don't swallow Bank Simpanan Nasional ?
Posted by: xfrenzy![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 25, 2006 09:18 AM
Wayang kulit lah, Jeff. Remember Pak Lah already said he had no prior knowledge of the deal, and this comes from the Finance Minister of the country. Sad isn't it ?
Posted by: Godfather![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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July 26, 2006 10:33 AM
Once my lecture say money in politic will never go away...in the the east when money goes to party or individual is known as corruption in the west it is known as politic donation...let face it guy this thing will never go away just i would like to advise those who is involve to use abit of brain to make deal with abit of discreptency...after all even the blind one(that Wahid guy from INDO)..is taking money what you expect those who grad from Cambridge!!!
Posted by: hellllo![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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August 10, 2006 05:27 PM