KUALA LUMPUR, Oct 4 — In the article entitled ‘MACC clears AG of Graft Allegations’ published on or about 31.5.2011, on the ‘Malaysian Insider’ website, it was stated that:

“Tajuddin was MAS executive chairman from 1994 to 2001. During his tenure, the national airline experienced losses totalling RM8 billion – its biggest ever ­– which led to complaints being lodged against him.”

The Malaysian Insider is satisfied that the above statement is defamatory, is wholly unfounded and is without any factual basis and therefore desires to express its regret to Tan Sri Dato’ Tajudin bin Ramli and apologize to him for all embarrassment and inconvenience which has been caused to him by the publication of the defamatory allegations.

Further we hereby immediately retract and withdraw circulation of the abovementioned article and the statement from the Malaysian Insider website and agree to refrain from further repetition of the same or any words imputing the same or a similar meaning.

SIGNED BY :-