Malaysian Government's F1 fantasy a winner in Norfolk;Najib contradicted;Needs to explain gift to Tony Fernandes

Readers can decide for themselves from the reports below if it is wrong to conclude that the Malaysian taxpayer has and will for time to come, pay for Tony Fernandes's F1 Team. Readers should note that the team's "Sepang HQ" is still in its "planning stages", a euphemism , readers will agree , for money that is unlikely (and God willing will never have) to be spent.

Malaysian taxpayers and others who might dispute the fact that it is Tony Fernandes's team are simply referred to this entry on the official Formula One website and the publicity that it has generated:

Company Name: 1Malaysia F1 Team Sdn Bhd
Team Name: Lotus F1 Team
Country: Malaysia
Team Principal: Tony Fernandes
http://www.formula1.com/news/headlines/2009/9/9934.html

According to Malaysian PM Najib:

This is the Malaysian team. The car was designed at the SIC, manufactured at the SIC, tested at the SIC and the car is Malaysian-made. Even the pit-stop team consists of Malaysians,” he said.

Asked on the budget and the total investment by the Government, Najib said: “The Malaysian government’s investment is through Proton.”

http://thestar.com.my/news/story.asp?file=/2009/9/15/nation/20090915181208&sec=nation
According to reports out of
Norfolk:
NEWS that the iconic Lotus name will be returning to the Formula 1 starting grid next year is not only welcome news for British motorsport but also for the Norfolk economy. Adam Gretton assesses the impact on the local supply chain and advanced engineering companies.

....with Malaysian-based financial backers and the future design, research and development set to take place at Malaysia's Sepang circuit, the resurrected Lotus team will have a more international feel when it returns to the pinnacle of motor racing in March.

Officials from the newly formed Lotus F1 Team yesterday said that the car would still have strong Norfolk connections, despite the Asian influence and a need to bring in expertise from across the UK.

Adverts are set to appear in the motoring and local press in the coming days for a range of jobs at the 50,000sq ft centre, which was built by Toyota, but was never used for F1 development.

Ten miles away, the Hethel Engineering Centre, which is a hub of start-up companies, has also submitted a list of 10 East Anglian businesses which would benefit from joining the Lotus F1 Team supply chain.
“It is nothing but good news and it is positive in every respect and will create jobs and sustain jobs. It is building on all of the motorsport heritage, the Lotus name, and skills. We have to accept that we are in a global market and the main investment is coming from Malaysia, but there is a strong link with Norfolk and the best of Norfolk will be utilised,” he said.

Norfolk-born technical director Mike Gascoyne said he was keen to employ local people at the team's base at the Racing Technologies Norfolk (RTN) centre at Hingham. He added that the new car would also feature Norfolk-made components and parts by making use of the wealth of expertise from the county's advanced engineering companies.

http://www.dissmercury.co.uk/content/dissmercury/news/story.aspx?brand=DMAOnline&category=news&tBrand=DMAOnline&tCategory=news&itemid=NOED17%20Sep%202009%2008%3A53%3A58%3A163

The Lotus F1 Team has been set up under the holding company 1Malaysia F1 Team, a joint venture between the government and Malaysian businesses, with support from the Motorsports Association of Malaysia, Naza Motor and

Air Asia, plus Malaysian universities.

The team has agreed an engine supply deal with UK-based Cosworth and a wide variety of technical partnerships, including those with Berkshire-based Xtrac
http://www.edp24.co.uk/content/edp24/news/story.aspx?brand=EDPOnline&category=News&tBrand=EDPOnline&tCategory=xDefault&itemid=NOED16%20Sep%202009%2007%3A36%3A15%3A583

Comments

Post a Comment

Popular posts from this blog

"Not new or worthy of consideration" : WA Corruption & Crime Commissioner confirms but dismisses Anne Azza Aly 's referring queries about PAVE, her work to Malaysia

Image
by Ganesh Sahathevan       John McKechnie The issues raised on my related RealpoltikAsia blog in the posting:  ALP's Anne Aly's Phoenix Consulting of Dubai provides covert intel training-Who does she report to in Dubai, and then there is the matter of Malaysia....... were brought to the attention of The Hon John McKechnie QC,the current Commissioner, WA Corruption and Crime ,given the security implications that arise from the connections between PAVE and one David (Dave) Allen, currently Assistant Director Intelligence,WA CCC. McKechnie's response is as follows: Thank you for the email. I am the Corruption and Crime Commissioner. I will decide if and when Mr Allens security clearance should be reconsidered but nothing in this email is either new or worthy of consideration. The Hon John McKechnie QC Readers have now confirmation from no  less a personage than the WA CCC Commissioner himself, a former judge and QC,of the fact of Aly's Dubai connection, and her ref...
Read more

If Damien Tudehope's COVID hotel quarantine fee statements are correct, SLHD revenue reported in financial statements signed by former CEO Teresa Anderson is overstated, and false

Image
 by Ganesh Sahathevan                     Tough talking Damien Tudehope may not have the power to impose th.  bulk of his quarantine fee, if any Readers will recall that former NSW Police Commissioner Mick Fuller (now a PwC partner) said in his notice that Revenue NSW " will be charging a mandatory quarantine fee". Readers will also recall that the rormer NSW Minister For Financial Services, Damien Tudehope insisted that the quarantine fees charged by Sydney Local Health District, pursuant to the NSW Health Services Act include charges for police security. However, there is nothing  in the SLHD's financial statements for the relevant periods (see links below) to reflect any payment from the COVID quarantine fee revenue being made over to NSW Police. SLHD's revenue must then have been overstated, by the CEO concerned Teresa Anderson.  SLHD Financial Statements https://www.health.nsw.gov.au/annualreport/Publicat...
Read more

Strata managers' aversion to contact with tenants can leave strata managers exposed to personal liability

Image
 by Ganesh Sahathevan      Advice for living in, or buying into, a strata community Strata managers are employed to manage strata schemes which are often home to renters as well as owners. However, in evasion of that which they are paid to do there are instances where strata managers have attempted  to evade their duties by refusing to  deal with tenants.   Even this writer can recall an instance where the strata manager warned that it was against the law for tenants to contact him directly.  The instances where strata managers have refused to deal with tenants occur when the issues raised concern fairly pedestrian maintenance issues, for example blocked plumbing and the like. Having said that, tenants do actually have a legal right to a great many things, including being informed (and presumably make representations) when strata schemes consider re-development. Strata managers who seek to stand in place of strata committees  are even more e...
Read more