Malaysian Insider being sued?

It is believed that former Malaysia Airlines Chairman Tan Sri Tajudin Ramli is taking news portal The Malaysian Insider to court.

Details are cloudy at the moment. However it is believed to be about the alleged RM 8 billion losses accumulated during Tajudin’s time controlling and managing the national carrier. The Oppositions continued to harp on the matter with a malice political intent against the Government.

On 31 March 2011, The Malaysian Insider published “MACC clears A-G of graft allegations”. It can be seen that in the article, the writer put it as:

“Tajuddin was MAS executive chairman from 1994 to 2001 During his tenure the national airline experienced losses totalling RM8 billion — its biggest ever — which led to complaints being lodged against him”

This could be deemed as slandeorus as during Tajuddin’s time, Malaysia Airlines recorded an aggregate of RM 753 million in losses before tax. Of that, RM 1,398 million was attributable to losses caused by foreign exchange. It is yet have been proven anywhere on the arithmetic how the RM 8 billion losses are calculated and derived

MALAYSIAN AIRLINE SYSTEM BERHAD
AUDITED GROUP FINANCIAL STATEMENTS
YEAR END YEAR REVENUE RM’000 PROFIT/LOSS BEFORE TAX RM’000 PROFIT/LOSS AFTER TAX RM’000 FOREX PROFIT/LOSSRM’000 TOTAL BORROWING RM’000 AVG EXCHG RATE 1 USD:RM
Pre TR 31 MAR 1993 3,735,952 157,896 145,424 18,559 3,143,225 2.59
Jul 94 31 MAR 1994 4,081,150 16,135 7,679 -47,082 5,693,925 2.68
31 MAR 1995 4,780,087 149,892 139,269 -17,887 5,186,354 2.53
31 MAR 1996 5,713,312 251,161 233,030 -7,105 5,933,661 2.53
TR 31 MAR 1997 6,484,950 349,409 333,975 37,456 6,108,941 2.48
31 MAR 1998 7,051,326 -225,362 -256,639 -718,401 10,653,290 3.64
31 MAR 1999 7,471,861 -669,735 -696,696 -392,765 10,295,987 3.80
Feb 01 31 MAR 2000 8,160,737 -236,890 -255,703 -546,908 10,339,912 3.80
31 MAR 2001 8,956,145 -386,635 -413,318 294,631 9,150,875 3.80
52,699,568 -752,025 -908,403 -1,398,061
31 MAR 2002 8,377,901 -846,493 -831,595 112,584 8,968,009 3.80
31 MAR 2003 8,674,578 333,935 338,952 -118,871 0 3.80
31 MAR 2004 8,587,826 345,165 462,708 27,585 0 3.80
post 31 MAR 2005 10,950,882 364,453 328,746 15,690 0 3.80
TR 31 DEC 2005 8,850,810 -1,241,177 -1,261,188 17,874 0 3.78
31 DEC 2006 13,171,838 -73,092 -133,737 -42,469 1,050,000 3.53
31 DEC 2007 14,686,130 840,911 852,743 -65,482 859,672 3.31
31 DEC 2008 15,035,303 264,661 245,697 -82,653 1,418,988 3.46
31 DEC 2009 11,309,855 461,990 493,106 26,620 2,319,580 3.42
99,645,123 450,353 495,432 -109,122

The amount for the suit is sketchy but it is strongly believed to be in the nine-digit range.

Malaysian Insider Chief Editor Jahabar Sadiq

We were told The Malaysian Insider Sdn Bhd, Chief Editor Jahabar Sadiq and writer Syazwan Kamal were named as defendants.

MI has been on a stream of rogue reporting and stirring up issues lately. They prefer to take a perspective which will stir up the majority’s emotion further and make the essence of the story for the Government and any of its associates to look bad. When the story about Malaysia Airlines-AirAsia share swap broke, MI skewed the story with a sinister agenda and instead, was harping on the lies of demonising Tajudin.

These former disciples of Kalimullah “Riong Kali” Hassan also manipulated facts for the very maluce intent, which include to confuse the public at large. Even statements made by Prime Minister Dato’ Seri Mohd. Najib Tun Razak. So much so, Jahabar had to publish an apology to PM Najib Tun on 19 August.

This would be a landmark case for online news reporting and commentary in Malaysia.

*Updated 900pm

Published in: on August 25, 2011 at 14:01  Comments (18)