This feature in malaysiakini should qualify as the financial blooper of the decade:
"Agusta: Proton sells for RM5, Harley buys for RM350 mil"
I wonder how our whizz kids made the decision to give away the company for free after having spent more than RM368m to purchase the company in 2004.
Within 2 years the Proton board decided to write off the entire investment.
Who is going to awswer the tough questions as to how this came about and who were the consultants?
I know most Malaysians feel that Proton as a car is hadly giving them a good ride but this multi-million write-off is really taking us all for a very expensive ride.