Malaysia very own 'Oxford wizard'

The below comment received 675 'Like' votes as at 11:07 pm , 11/11/11. Never seen like it before :D

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Jayenjr · 6 hours ago

KJ, a couple of questions for you

Firstly, who appointed you to be spokesperson for NMLC? Did the management of NMCL appoint you? Why aren't the directors or Shahrizat answering the issues directly?

Secondly, you say, the condo was purchased to "reap some returns". Were this reasons minuted in the Board of Directors meeting? Could you please upload said minutes as evidence for taxpayers to appreciate?

And even if the Board did authorise it, could you give us the IRR (internal rate of return) of the condo purchase? What returns was NMLC looking for - capital gain or rental yield? Please give details if said rate of return has been achieved based on prevailing market conditions.

Thirdly, why wasn't the money returned to the government instead whilst waiting for production to take off? It seems to me that you deem buying a condo was the "best" option, but were other options explored?

If NMLC had returned said money to the government, maybe a few more students of ours would have obtained scholarships instead of hearing, "no allocation this year".

Fourthly, have you done project financing before? You are supposed to be from Oxford, and you even had a go at investment banking with ECM. Tell me, WHICH bank would lend to you a project facility, and later allow you to draw down and utilise or invest said funds for something that has got no connection whatsoever with that project (unless of course, NMLC meant to house them cows inside the condo?)

Do you know how that if the bank allows the borrower to do that, it would compromise on one of its core corporate governance criteria - if they were to close one eye and allow their borrower to use the credit facility for something other than its intended reason?

Tell me which bank does that in Malaysia?

Or is it only the Malaysian government that is so dumb to appreciate banking rules 101?

PS - KJ, if you're reading this, or if your trooper boys are, then may I suggest that you take us - the taxpayers and voters on - instead of Saifuddin Nasution or Rafizi Ramli.

We are your real assessors and evaluator. You don't have to tayang your belang to them.

Face us instead.

Takened from 'The Malaysian Insider' dated 11/11/11 ~ 'RM10m cattle condo was an investment, says Khairy'

An Oxford guy....

The Umno ‘Wow Factor’

A farmer named Lakbir Singh was overseeing his herd in a remote pasture in Bolehland when suddenly a brand-new BMW advanced out of a dust cloud towards him.

The driver, a young Malay man in an Armani suit, Gucci shoes, RayBan sunglasses and YSL tie, leans out the window and asks the farmer, "If I tell you exactly how many cows and calves you have in your herd, will you give me a calf?"

Lakbir looks at the man, obviously a yuppie, then looks at his peacefully grazing herd and calmly answers, "Sure, why not?"

The yuppie parks his car, whips out his Dell notebook computer, connects it to his Cingular RAZR V3 cell phone, and surfs to a NASA page on the Internet, where he calls up a GPS satellite to get an exact fix on his location which he then feeds to another NASA satellite that scans the area in an ultra-high-resolution photo.

The young man then opens the digital photo in Adobe Photoshop and exports it to an image processing facility in Hamburg, Germany. Within mere seconds, he receives an email on his Palm Pilot that the image has been processed and the data is stored. He then accesses a MS-SQL database through an ODBC connected Excel spreadsheet with email on his Blackberry and, after a few minutes, receives a response. Finally, he prints out a full-colour, 150-page report on his hi-tech, miniaturized HP LaserJet printer and finally turns to the farmer and says, "You have exactly 1,586 cows and calves."

"That's right. Well, I guess you can take one of my calves," says Lakbir.

He watches the young man select one of the animals and looks on amused as the young man stuffs it into the trunk of his car. Then Lakbir says to the young man, "Hey, if I can tell you exactly what your business is, will you give me back my calf?"

The young man thinks about it for a second and then says, "Okay, why not?"

"You're a graduate from Oxford and a Member of Parliament for Umno," says Lakbir.

"Wow! That's correct," exclaims the yuppie with the customary Umno's Wow Factor, "But how did you guess that?"

"No guessing required," answered Lakbir. "You showed up here even though nobody called you; you want to get paid for an answer I already knew, and to a question I never asked. You tried to show me how much smarter you are, and you don't know a thing about cows. This is a herd of sheep. Now give me back my dog."