Business offset okay but should be made public, says economist

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Responding to earlier remarks by Dr Mahathir Mohamad, Yeah Kim Leng says this will create a level playing field among competitors. FMTNews AirAsia

The Malaysian Anti-Corruption Commission and the Securities Commission are investigating bribery allegations against AirAsia, AirAsia X.

He was responding to Prime Minister Dr Mahathir Mohamad who earlier today said that asking for an offset in a business transaction was a normal practice, provided the money was not pocketed. “And whether you regard an offset as a bribery, that’s up to you,” he told reporters after an event in Putrajaya.Mahathir was asked to comment on corruption allegations involving budget airline AirAsia and Airbus.

 

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PM on AirAsia-Airbus scandal: It’s normal to have ‘offsets’ in businessPUTRAJAYA: It is normal to ask for an “offset” in business dealings provided the money is not taken for personal use, says the Prime Minister. It’s not normal to have the top two in a company alleged receiving bribes from a foreign company! chedetofficial This is the reason why Mahathir must go. He defines corruption as he sees it. Not according to global standard. What's next? Cronies are acceptable because proceeds not going into his own pocket? Backdoor gov is ok because it is 'people's' choice Enough is enough The best part is now we know that F1 Team Lotus is part of an airline business ecosystem 🤣🤣🤣🤣🤣🤣🤣🤣
Source: staronline - 🏆 4. / 75 Read more »