Who should be accountable for UEM's Supplemental Agreement screw up?

The last time this image was displayed here, the reaction from UEM and UEMB managementis that this blogger was only bluffing.

They assumed this blogger had only the front page and probably it is fabricated. True, it's easy to fabricate. All one need is Microsoft Words program and other image making software. They think they are calling my bluff.

Such comment insults my intelligence and integrity. This force me to disclose in full. The Supplemental Agreement (SA) supposedly to be signed between ASHGAL and UEM was ready on June 24th, 2007 for execution but it was not done. The supposed final version of the much awaited Agreement could be download here.

Is there such agreement? It seemed the prepared reply in the event this blogger revealed the document is that the Qatari did not want to sign. Is that true? If that is their response, it doesn;t make sense. How come there is a final version if the Qatari don't agree?

Nothing piss me off than attempts to lie. Someone must be accountable for this kind of screw-up.

It is not sufficient for organisation to have plans, institute corporate governance, and claim to practise transparency. There must be assigned responsibilities and he/she or a group must be accountable before whatever necessary steps needed. No hiding under carpet.

If the same attitude remain to let the accountable party, be it in Khazanah and UEM, go and even be promoted up the corporate ladder, more exposes will be done. This is a national treasure and no one should be left unscathed from this.

Little bird had sent an SMS to explain how the screw-up happened. The SMS is revealed below (edited):

Between April and June 2007 over solid 2 months, UEMB spent a lot of time in Doha sorting out the contents of the SA. Board members Rahim Noh, Dato Rosli, and Hj Saidin went through the Term & Conditions (T&C) of the SA. Back here, Christina, UEM Internal Legal Advisors drafted the execution copy of the Agreement (the downloadable copy). The defense to allegation is the Qatari will not sign it. How could Qatari not sign when the T&C was already agreed upon? When it is time to sign, Haji Saidin, the Head of Contract did not give to the Qatari to sign. Who gave the instruction to him? Azman Mokhtar (Khazanah CEO and Board Member of UEM) knows about it because he was supposed to know.

Tan Sri Azman Mokhtar was known to keep a close eye and to the extent of micro-managing some companies particularly ailing ones like UEM. Remember the Pantai Medical Centre debacle with the Singaporean, his hands is literally there.

We shall await for further the reaction from Khazanah and UEM. Will there be drastic action or another hiding under the carpet? Superman? Ciku Muda? Ciku bergetah? Ciku-ciku boleh dimakan?

From the top, the people accountable are as follows:

Khazanah Nasional Berhad's Board of Directors

Dato’ Sri Mohd Najib bin Tun Hj Abdul Razak, Chairman
Dato’ Seri Ahmad Husni Hanadzlah
Tan Sri Dato' Nor Mohamed Yakcop
Tan Sri Md Nor Yusof
Raja Tan Sri Dato' Seri Arshad Bin Raja Tun Uda
Datuk Seri Panglima Andrew Sheng
Dato' Mohammed Azlan bin Hashim
Dato' Mohamed Azman bin Yahya
Dato' Mohamed Azman bin Yahya
Tan Sri Dato' Azman bin Hj. Mokhtar

Khazanah Nasional Berhad's Management Team

Tan Sri Dato' Azman bin Hj. Mokhtar, Managing Director
Dato' Mohammad Zainal Shaari – Executive Director, Chief Operating Officer
Ganen Sarvananthan – Executive Director, Investments
Ben Chan – Executive Director, Investments
Ismael Fariz Ali – Executive Director, Investments
Michael Jude Fernandez – Executive Director, Investments
Tunku Mahmood Fawzy bin Tunku Muhiyiddin – Executive Director, Investments
Shahnaz Al-Sadat Abdul Mohsein – Executive Director, Strategic Human Capital Management
Nungsari Ahmad Radhi – Executive Director, Research and Investment Strategy
Abdullah Abdul Hamid – Executive Director, Transformation Management Office and Special Projects
Mohd Nadziruddin bin Mohd Basri – Executive Director, Chief Financial Officer

Their resume available here.

The Board of Directors and Ultimate Management of UEM Group

Tan Sri Datuk Dr Ahmad Tajuddin Ali, Chairman
Tan Sri Azman Mokhtar
Dato’ Ir Abdul Rahim Abu Bakar
Abdul Kadir Md Kassim
Shahnaz Al-Sadat Binti Abdul Mohsein
Dato’ Seri Ismail Shahudin

Audit Committee (effective March 16, 2009)
Abdul Kadir Md Kassim, Chairman
Shahnaz Al-Sadat Binti Abdul Mohsein
Dato’ Seri Ismail Shahudin

Nominations & Remuneration Committes (effective March 16, 2009)
Tan Sri Azman Mokhtar, Chairman
Dato’ Ir Abdul Rahim Abu Bakar
Abdul Kadir Md Kassim

Management Team can be found here.

The Board of Directors and Ultimate Management of UEM Builder

Dato’ Ir Abdul Rahim Abu Bakar, Independent Non-Executive Chairman
En. Abd. Rahim Md. Noh
Dato' Ridza Abdoh Haji Salleh, Managing Director

Management Team can be found here.

A common occuring name from the top to the bottom Tan Sri Azman Mokhtar, Shahnaz Al-Sadat Abdul Mohsein, Dato Ir Abdul Rahim ABu Bakar. What is Azman Mokhtar's position on this Supplemental Agreement?

As the person at the top of the heap, I urge Dato Najib to look into the matter. There could be a case of serious negligence and definately incompetence.

* Update: 4:30 pm, 5:00 pm