Say No To Hudud

Thursday, February 24, 2011

The bitter fallout between Dato' Johan Raslan and Chin Kwai Fatt.

Once close friends, Johan and Chin are no longer seeing eye to eye.
Dato' Johan Raslan and Chin Kwai fatt both attended the University of Hull, and destiny brought them together once again at PricewaterhouseCoopers in Malaysia. The fairy tale in now ending.

Dato' Johan Raslan's only mistake was to listen to Chin Kwai Fatt, when Johan signed the papers under Chin's instructions that brought him into the fraud involving PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), and the fact remains that Johan knew exactly what he was signing. While Johan Raslan is nowhere as guilty as Chin Kwai Fatt, the fact remains that Johan signed those papers knowing that it was a fraudulent act.

Johan knew that PricewaterhouseCoopers Consulting Sdn Bhd (464379-U) was supposed to be disposed off to IBM Corp in 2002, but he succumbed to the promise of becoming the Chairman of PwC, and knowingly signed on as a part of the plan masterminded by Chin Kwai Fatt, to defraud the creditors of the consulting arm.

We know that Dato' Johan have been busy arranging dinner appointments with the heads of the GLCs and his peers in the Auditing fraternity, to give his version of the events, but the fact remains that as a chartered accountant, there is now way Johan could have signed those papers blindly, and that blot in his otherwise impeccable record is not something that can be removed over a nice meal and a bottle of wine.

The heated arguments Johan has been having with Chin Kwai Fatt and the harsh words they have been hurling at each other will not resolve the fraud. Our inside sources in PwC have told us that Johan is planning to leave for the UK to spend some time with his family in a few weeks, but can Johan leave with things as they are?

The fact that both Johan and Chin Kwai Fatt are on the way out of PwC is a near certainty, only the dates have not been finalised yet.

There is one thing that Dato' Johan Raslan can do before he goes, which will go a long way towards regaining a little of the credibility he has lost. Resign as a Director in PricewaterhouseCoopers Consulting Sdn Bhd (464379-U) immediately, and tell Chin Kwai Fatt to take over the shares.

Dato' Johan Raslan, before you go to the UK to spend time with your family, ensure that the consulting company, PricewaterhouseCoopers Sdn Bhd (464379-U) is closed down, so that the long running fraud can finally be brought to an end. You will also close the one chapter in your career, that taints all your other accomplishments. Do the right thing, and undo what Chin Kwai Fatt convinced you to be a part of all those years ago.

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