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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Charge ex-Malaysia Airlines boss over losses: opposition AFP - Tuesday, August 17 Send IM Story Print KUALA LUMPUR, Aug 16, 2010 (AFP) – Malaysia's opposition Islamic party on Monday called for those responsible for reported multi-billion-dollar losses at Malaysia Airlines under a previous management to be charged in court. The Pan-Malaysia Islamic Party (PAS) said that some 8.0 billion ringgit (2.5 billion dollars) in losses were racked up during the tenure of former executive chairman Tajudin Ramli between 1994 and 2001. PAS vice president Salahuddin Ayub said police carried out a probe in 2007 but that the wrongdoers had not been punished. "As it is now, the case is buried. The losses are 8.0 billion ringgit. The government cannot protect the culprits. I hope Prime Minister Najib Razak will put his foot down and let the law take its course," he told reporters. "This is a big scandal. Why is there no action against him (Tajudin)?" said Salahuddin, who is also a member of a special committee within the Malaysian Anti-Corruption Commission. Malaysia Airlines in 2002 lodged a police report against Tajudin over allegations of management irregularities. Last May senior Malaysian Airlines staff lodged another police report saying one of the biggest losses was by a project to migrate Malaysia Airlines cargo operations in Amsterdam and Frankfurt to a single hub in Hahn, Germany. In its 2009 annual report the airline said it had in 2006 filed suits against Tajudin and three others for losses amounting to 174.6 million ringgit for "amongst others, breach of fiduciary duties and conspiracy to defraud the company." It filed a similar suit against Tajudin and four others for damages worth 90 million ringgit. PAS's demand comes after the government charged former transport minister Ling Liong Sik in connection with a multi-billion-dollar government overspend on a free trade zone, in one of the country's biggest financial scandals. Malaysia Airlines is now a success story, having just a few years ago been on the verge of collapse, forced to sell off its headquarters and firing thousands of staff to avoid bankruptcy. The flag carrier sank to its lowest ebb in 2005 when it racked up losses of 1.3 billion ringgit (386 million dollars) over nine months. But under a new, dynamic management, it underwent sweeping reforms and swung back into the black by 2007. Recommend Send IM Story Print Related Articles UN warns of diseases in Pakistan floods AFP - 1 hour 29 minutes ago Prosecutors appeal KRouge prison chief sentence: court AFP - 2 hours 58 minutes ago Prosecutors appeal Khmer Rouge torturer's jail term Reuters - Tuesday, August 17 Pakistanis block highways to protest slow flood aid Reuters - Tuesday, August 17 Thailand ends emergency rule in more areas AFP - Tuesday, August 17 News Search Top Stories Tearful German pop star confesses in HIV trial Russia says beating fires as weather switches Eurozone inflation rises to 1.7% in July Zsa Zsa Gabor calls in priest for final rites Hurricane formation linked to sea color: study More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Eight killed, 12 injured in California desert race Zsa Zsa Gabor calls in priest for final rites Tearful German pop star confesses in HIV trial Hurricane formation linked to sea color: study Belgian man dies of South Asian superbug More Most Viewed » Obama endorses mosque plan near Ground Zero Argentine students crack three-decade-old murder mystery 40 US billionaires pledge half wealth to charity Visitors attack Taiwan 'haunted house' actors Calcium supplements linked to heart attacks: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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