Can the Securities Commission ensure that the wrongdoers are punished and not let off with a slap on the wrist?



On False statements: Transmile announces losses

MS: So the directors of Transmile have admitted to massive losses. This saga so far is noteworthy for the paucity of information from within the board, especially its chairman who has a Tunship and who should hold the public in greater esteem.

What are the actions to be taken against the defrauders who caused this losses? Does the existing board have clean hands or are they interested in fending off dirt falling (rightfully) on them?
Can the Securities Commission step in to ensure all wrongdoers are punished and not let off with a slap on the wrist, and worse, continue in office at fat salaries/allowances.

This is a major fraud by corporate Malaysia and the blame must fall squarely on all concerned including related persons like auditors. Allowing lapses like in Perwaja will make our market (again) a laughing stock. The SC has a duty to the investing public to reassure them, or the joke is on them.


On Perwaja: Icon of ill-planning, embezzlement, corruption

Brian Fong: PT Tan is right. Eric Chia is just the fall guy.

Based on past history, most GLCs failed and lost money big time. Some of the head honchos managing these GLCs came with vast industry experience, like Chia. However, most have no credentials to show, and experience or not, all of them failed! The question is: Why and how did it happen? (the failure, the losing of millions and billions of rakyat related monies!)

The funny thing is no authority seem keen to investigate what went wrong, where it went wrong, how did it go so wrong.

Our lackadaisical university should do the right thing and conduct a study on all these failures and use it as an economic lesson for the future generations. But I think all these deans are too busy putting up signboards engaging in self-glorification and kissing up to politicians, heck come to think of it - they are given the job by the politicians!


On Apostasy - no justification for Islam to change policy

Jonathan Kent: I agree wholeheartedly with Abdul Rahman Abdul Talib. There is firm scientific evidence that those sentenced to capital punishment rarely if ever go on to commit further crimes after their sentence is carried out. There's further incontrovertible evidence that innocent people who suffer capital punishment meted out in error also rarely go on to commit crimes. Death is clearly not only a deterrent but more pertinently a preventative measure.


On Kavyeas, you'll hear from our lawyers

Vijay: I would like to congratulate the CEO of Ctos for a well-presented rebuttal to the statements and allegations made by the deputy minister. No doubt Kavyeas will have something to say in return.

It is of course Chung's right (in accordance with the Constitution and our laws, as he puts it) to place his company in the best possible light from his point of view. However, his reference to the deputy minister's wife was somewhat cheap, uncalled for, and hitting below the belt. In the process, Chung only managed to lower his standing in the public eye and lose a considerable amount of the support he may have otherwise earned.

I do not think Blanche Kavyeas is in any way a party to the present dispute and Chung's making reference to her only serves to strengthen the deputy minister's argument that Ctos indulges in non-relevant issues.


On Attempt to defend JJ fails

Bai Yuen Sheng: I wonder how our Science, Technology and Innovations Minister Jamaludin Jarjis is going to propel Malaysia to the forefront of science and innovations with such a lowly intellect and EQ. I don't think the work is cut out for him. How is he going to muster the youth energy of all races to focus on the issues on hand with his racist remarks? Let's put in an intellect and decent person in charge of this vital sphere.

The Shrimp Warrior: I refer to the recent exchange of letters about our (questionable) honourable minister of science and technology's behaviour among our students in America.

Having just watched the recent Pentas Ikon Malaysia showdown between eight of the most popular solo recording artistes, it suddenly occurred to me that if such a non-talent as Mawi can command such a following in Malaysia, why then should the calibre and maturity (or lack thereof) of our cabinet ministers surprise us?

Mawi is now in the top four. God save our nation.


On Sibu police: Media barred on Bukit Aman order

Annoymous: I am surprised to see that Sibu police chief ACP Nicholas Sebastian's said Sibu reporters sit in the police station 24 hours and doing nothing. I think everyone knows that this is a lie. Does he mean that reporters do not need to write news? Reporters also sleep at the police station? If so, I think I should salute them for their spirit.

The IGP has clarified that Bukit Aman never issued directive to bar the reporters. He also said reporters should know the real situation that happens in these places. The IGP is very fair. What he meant is that the police have nothing to hide. The public have a right to know what is going on in the place also.

I wish the Sibu police chief learns from IGP. Work mesra, cepat dan betul.


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