DD, Tun D and Double D-Day at Protasco

Not an ordinary boardroom tussle

Dynamic Duo here refers to uber bloggers Big Dog and A Voice, not the two tussling men in the picture above. And one thing I've learned is that whenever the DD breathe fire onto an issue in synchronicity, you can expect a major corporate crisis or socio-political drama to be unraveled soon after. 

They have been at it enough times before: they campaigned to say NO to the blatant takeover attempt of IJN, denied Tony Fernandez and Sime Darby the contentious Labu airporrt, forced Francis Yeoh to drop out of a controversial deal with the Sultan of Johor (and these two are anak Johor, mind you!), and derailed a Khazanah plan to hand Malaysia Airlines to its bitter rivals Air Asia via an ingenious share swap agreement that was later nullified by the Prime Minister himself. And, for the uninitiated, they were also an integral part of the old blogosphere that waged a cyber war against an Umno president and brought his entourage down unceremoniously (and last I checked one of them is still a life member of that party!). 

So when the DD started to churn out a posting after another on their blogs related to this public-listed company called Protasco, I sense a corporate storm lurking ahead. 

Tun Daim: Unlikely to be impressed
with where his ex is going

D aim Zainuddin won't exactly be in the eye of that storm - he had sold out his shares in Protasco to the younger man in the top pic (left) after a  falling out, purportedly, with the uncle (right) - but it's interesting to know that Tun D was there.

Some people believe, in fact, that the former Finance Minister had never left Protasco! 

The shareholders of Protasco have two EGMs to attend later this month called by the opposing parties on the Board to try and cancel each other out. For sure, however, the fight won't end on the 26th or the 28th as police reports have been lodged, legal threats issued, and statements recorded to the authorities. Expect the SC and Bursa to fly in. Maybe even the men in black at the Malaysian Anti-Corruption Commission (which will be awkward since a high ranking person from the MACC is seated right smack at the top of Protasco!).

To be continued ..

In the meantime, read these postings by the Big Dog and A Voice:
1. The Mad Hatter by Big Dog -- What is MACC doing in Protasco?
2. Pursue the right culprit at Protasco by A Voice