MyCC fines MAS & AA: Four should pay out of their own pockets

Tan Sri Siti Norma Yakop: Malaysia's new Iron Lady?

"We were right. The ‘Malaysia Airlines – Air Asia Share Swap’ that we opposed two years ago, not only turned out to be a failed business call, has now been proven to be commercially disastrous. Both companies were fined RM10 million each for the monopolistic collaboration."- Amokh, Tony, Danny, and Nazir should pay, 

The blogger Zakhir Mohmad, who runs bigdogdotcom, may sound like a braggart in his latest posting but the fact of the matter is, the bloggers told them so. Azman Mokhtar, the Khazanah boss, would remember the things we said at our Ramadan midnight rendezvous at the KL Hilton when the share swap deal was first announced. The bloggers told him exactly who would play MAS out and who would be eaten alive by MAS employees. And then we wrote on our blogs to tell them how wrong the QPR ad deal involving MAS money was. Wee Choo Keong, then a Yang Berhormat and now a Yang Berkhidmat, wrote on his blog and spoke up in Parliament about why MAS should not be told to stop flying those routes. 

Many have accused these "right wing bloggers" of all sorts of unpleasant things, like being dengki and trying to be cleverer than the wizards themselves. With the Malaysian Competition Commission's decision to fine MAS and Air Asia RM10 million each, I wonder if the bloggers are not, indeed, cleverer. 

Now Zakhir thinks FOUR men should be asked to pay the total RM20 million fines out of their own pockets:

"Since the ‘share-swap’ deal came and put together by Fernandes, Danny, Nazir and Azman, therefore they also should joint and severally bear responsibility for Malaysia Airlines’ RM 10 million fined imposed by the Malaysia Competition Commission.  After all, they were those who had the fiduciary duty as directors for comprehensive responsibility, which include to look into all the finer things, security, commercial practices and anti-trust laws.

"Making them pay out of their own pocket would be fair thing to do, considering that Malaysia Airlines was fined for ‘unfair’ market practices that they was reluctant right from day one."

As long as the employees of Malaysia Airlines and Air Asia are not the ones who have to pay at the end of the day ...

YB Wee, meanwhile, says the legal fraternity is mighty proud of Tan Sri Siti Norma Yakob, the chairman of the Malaysian Competition Commission. We all are.