Ganesh Sahathevan

Vincent Tan in 2008: "If I'm so influential, surely I would have lots of projects," he said. (DR MAHATHIR IS MY FRIEND, SAYS VINCENT TAN 29 January 2008,Bernama Daily Malaysian News) Vincent Tan in 1994: "it is important to be friendly with the government of the day. People always say that I get projects because I am close to the prime minister. Do you think I would keep getting projects if I didn't deliver them successfully?" (GET RICH QUICK - THE MALAYSIAN AFFAIR. By Maurice Chittenden, Nick Rufford, John Davision and Mark Skipworth. 13 March 1994,The Sunday Times) And the very few projects: Sports Toto was privatised to Tan in 1985. In 1993, Indah Water won the privatisation of the national sewage disposal project. Tan's Berjaya group had the largest 20% block in Indah Water then. (Merdeka Special: Evolution of Corporate Malaysia By Leela Barrock ,3 September 2007 The Edge Malaysia (Weekly) In 2004, the government of Prime Minister Abdullah Bad...

Vincent Tan Chee Yioun on his relationship with former PM and Finance Minister (98-'03) Mahathir Mohamad: “I owe whatever success I have in business to him,” he said, adding that he was very grateful to the former premier. “..... I'm very pleased that he said I’m an old friend,”.. (http://thestar.com.my/news/story.asp?file=/2008/1/30/nation/20172668&sec=nation) Elsewhere: ....Dr Mahathir was an excellent, good and helpful man who had given him a lot of guidance in business. "I'm pleased when Dr Mahathir (during his testimony in the inquiry) regarded me as his close friend," he added (http://www.bernama.com.my/bernama/v3/news.php?id=311047) Given the above Mahathir must now explain how when he was Minister for Finance, the Employees' Provident Fund or Kumpulan Wang Simpanan Pekerja entered into transactions that led it to hold stock in Berjaya and related companies, on behalf of Vincent Tan Chee Yioun. The following are extracts from a number of Berjaya an...

According to THE EDGE: Announcing the deal on Jan 25, BCorp said Net Edge Online and Tong had accepted its(BCorp) offer to acquire their entire 82.77 million Nexnews shares at RM1.60 each and 6.19 million warrants at 42 sen a unit. The acquisition will be satisfied by the transfer of 164.85 million units of existing 0% irredeemable convertible unsecured loan stocks (ICULS) of 50 sen nominal amount each 2005/2015 in BCorp at 75 sen each, as well as BCorp group assuming the RM15.6 million term loan taken by Net Edge Online. So, Tong Kooi Ong,"financial genius" is prepared to take junk bonds rather than cash in exchange for giving-up his beloved Edge? The bonds are zero-rated-so no interest, but are convertible, but who wants BCorp stock? Having said that the question that needs to be answered: Why is Vincent buying back full control of THE SUN? I was there when it last happened, and he did not make any money on it. In fact that episode left him with accumulated losses of RM 120...

On January 11 2007 Bloomberg reported: AirAsia Bhd., Asia's biggest discount carrier by fleet size, will stop making bets on the price of oil, after incorrect forecasts contributed to a 16 percent slide in shares over the last month. ``It's a nightmare because the volatility is crazy,'' Chief Executive Officer Tony Fernandes said in a Bloomberg Television interview yesterday. ``We took a bet that oil won't go above $90 a barrel and it has and it's staying there.'' Crude oil rose to a record $100 a barrel earlier this month instead of falling as AirAsia had predicted. If the price of oil remains at that level, earnings could fall by $2.6 million a month because of speculative hedging, according to Christopher Eng, an analyst at OSK Research Sdn. in Kuala Lumpur. ``There has been significant selling from AirAsia's foreign shareholders,'' Eng wrote in a Jan. 9 report. The drop is ``related to AirAsia's fuel-hedging policy, which some parties...