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After reading all the hoo-ha about this ECMLibra thingy I can feel the heat, I bet KJ too can feel the heat. Is that the reason why he and Kali sold their shares? Will the sale of shares deflect the heat and will they be hauled up if wrongdoings are found later?
I believe the PM may be implicated in the matter for he is the Finance Minister overseeing the whole matter.
In a developed country such an issue would have forced an inquiry and the Finance Minister would be asked to step down. In Bolehland anything goes, semua-nya OK.

and the PM keeps quiet as usual

If the loan is made by them personally, sure there's some hard copy of the transaction to prove it right? Can the PAC please investigate this?

To be honest I am disappointed with Bahdawi. What has he done for the country since he got elected? He is too soft. Look at the people in his cabinet I didn;t do anything to Mr.Sami & Noh Omar the infamous minister that chased Chinese tourists out of the country. God Bless Malaysia

Dear Mr Kali, whether you personally loan Khairy or the company did, the thing is you did gain (direct or indirect) by helping him. To us, it's kind of "I scratch your back, you scratch my back thingy" you know.

Also, he is not any hard working bright guy, he is the son-in-law of the Prime Minister, who has control of the Ministry of Finance, an entity that you are very interested in.

As we are about to celebrate 49 years of independance, the current mess which involves the PM,SIL,Cabinet, only explains how matured our leaders are and how much they care about their tummy instead of the rakyat. It is sad that people in the streets are only talking about how quiet our PM is, how unprofessional SC is in handling the ecmlibra case, (putting siti and datuk k aside) instead of talking and sharring the achievements and strugle our fore fathers had gone through to achieve independance. I salute jeff for trying to initiate the spirit of kemerdekaan in this blog but clearly our ministers prefer to fight with iblis during this important month. Come on people, at the end of the day, they are all just fighting for their own pockets, not fighting for the rakyat. Lets pray and hope the future will be bright for our kids, without all these nonsense and lets pray for a prime minister who is capable of listening to us and firm and aggressive and without a son in law who's a football coach and a manager of a listed firm at the same time.

Will the ACA investigate KJ & his comrade for the mischief they have done? Or will they both be honoured with the 'Tan Sri' award or anything higher than that? God Bless Malaysia!

i believe there are numerous people who are brighter and more hardworking than KJ on this land, who will definitely want their legs up too.

but u can't deny he's the brightest among all, for choosing PM's daughter instead of MK. I would have chosen the latter if I were him. If he makes it far he can easily have 10 MKs in near future! smart a**!!

if i were kalimullah, i will not hesitate in making the 9 million + investment too, another smart a**!! brilliant investment that will bring in multi millions profit!!

chinese saying: "big tree gets more wind".. he should have be more patience and keep lower profile to get criticised less.

Actually...isnt it his own business who he wants to help? I dont see the reasoning behind the Voxpopuli comment, asking Kali for a leg up. Well everyone can ask, but it's his business who he wants to help!

And i beleive it's no one else business who he helps, unless ofcourse there is evidence of mis-use of public fund!

there seems to be over sensationalisation of kali-bashing! Lets focus on the substance...so whats the accusations? which someone has evidence of? i'm itchy!

goks,

The reasoning behind the Voxpopuli comment is to point out that there is a political motivation behind the 'help' handed out to KJ. Thus the relation to the ethical question that is being asked by everyone.

|^2SaNe|,

On a naive stand point of view, isnt this pure speculation? We are wanting to conclude that if KJ didnt buy into ECM, merger would NOT have happened?

Isnt this purely speculative? We dont know if the plan was already in the minds of David & Kali ...so happen...KJ gets in right before the merger proposal and now it's become a cronysm issue!

I wonder if anyone can find proof to show that the idea was mounted before and not as a direct result of KJ's involvement....or proof otherwise..that becoz of Kj buying in..the merger went through!

What seems to me is purely sensationalism by the media and the relevant folks to make it look that way!

That how powerfull journalism is ...the writer can choose hwo to steer the issue, often knowing what kind of results are expected!

While i dont think teh parties involved are entirely innocent ...these types of "buying into based on connection" is very common in the business world!

This issue comes up purely becoz of 2 reasons:

1) ECM had KJ shareholding
2) Avenue had G shareholding!

Questions is, if (1) didnt happen, will the merger still be an issue?

Pantai's sale of bumi share by the bumi traitor went unnoticed for some time ....untill the sale to parkway came into light!!!

Its amazing all those bafoons now shouting about bumi rights etc...had their balls curled in well, when their traitor sold bumi holding shares of pantai to a non-bumi!

journalism is amazing...

goks,

Because there is a question of ethics thus there is a need to address it. And because there is a powerful political link lends an urgent need to address these ethical question. It is a serious issue.

Maybe you are right that the journalist have seasonalise the matter but throwing the baby out with the bathwater is foolish.

Thus far the clarification by the public figures in question and even from the prime minister himself is not sufficient. The statements by them only begs more questions (mainly because in my opinion, they have avoided in answering any of them in the first place).

All these questions should be answered and none of them should be dismiss at all.

For the record, I think the question you raised should be answered by KJ,Kali and the PM themselves.

The SC never fully enforce corporate governance in companies in the past, and neither will it have the guts to do so now especially when The Son-in-law is in ECM-Libra Avenue.

Proof us wrong Zarinah and investigate the company.

Goks:

You seem an island here, but i'll join thee to keep thee company!

"there seems to be over sensationalisation of kali-bashing! Lets focus on the substance...so whats the accusations? which someone has evidence of? i'm itchy!"
-- precisely my point at earlier related posts touching ECM-Libra.

Running risk of being accused of "old record playing",I cite again that in 1997/98, a minister's son was given a "leg-up" -- notloan of RM10million, this is chicken feed-- of purported RM1.20BILLION, yes, RM1,200,000,000 -- by the banks to take control of at least FOUR KLSE-klisted companies. Then came the Asian fiancial crisis, and stockmarket crash, inclduing KLSE when stock prices came down some 60-70% within the next 2 years! NObody (Mahathir's present cronies, where were you? ENJOYING benefits from the banks which led to the banking crisis No? Needing tax-payers' monies for bailoiut, No?)

Goks, you're correct, if Kali wants to help his friends (cronies whatever terms you call it..), what business is it of Others unless you have evidence the law has been broken> Being a business journalist for some 10 years, I can tell you buying of shraes aounting to RM10million, even by lesser mortals, in ANY market is as common as Desi and goks drinking tehtarik at Mamak stall...
I agree that the Kali-bashinhg has sometimes gone OverBoard:(