Thursday, March 22, 2007

oh well

"....Nor Mohamed Yakcop came to power on the back of advising former Prime Minister Mahathir Mohamad in imposing capital controls and a Ringgit peg as a cure to the Asian financial crisis of 1997. Previously allied to Anwar Ibrahim protégé Wan Hasni as advisor to the Abrar group of companies, Nor Mohamed had also worked as a Bank Negara officer, a role where he lost RM15 billion on bad foreign currency trading bets. It was said that Nor Mohamed made so much money from the foreign exchange foray that he bought a racehorse for the Melbourne Cup race and named it after Bank Negara....

....So Sarvananthan was quickly made Director of Investments in Khazanah. At the age of 29, Sarvananthan, who had no business experience at all in Malaysia, was put in charge of restructuring Khazanah’s businesses and most importantly its equity investments. In spite of his apparent qualifications, Sarvananthan knew nothing about Khazanah’s agenda, nor was he knowledgeable about the Malaysian financial and business environments. This seemed no obstacle though as he was made the most important decision-maker in the so-called Khazanah revamp. ...."

http://www.malaysia-today.net/Blog-e/2005/09/khairy-chronicles.htm

http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_mukherjee&sid=alqJwwuG2Vu4

http://www.malaysia-today.net/Blog-s/2006/01/mas-chronicles.htm

http://maverickysm.blogspot.com/2004_05_01_maverickysm_archive.html

http://www.khazanah.com.my/docs/mc200411-FinanceAsia.pdf

No comments: