Year 2005

Proton Sold MV Agusta For 1 Euro

Wednesday, 28th December 2005

Proton Holdings has sold it’s 58% stake in MV Agusta Spa to an Italian company Gevi Spa for a token sum of 1 Euro (RM4.48). Gevi Spa will assume MV Agusta’s debts and working capital requirements totalling 139.44 million euros. According to Proton, it was part of it’s non-core asset divesting exercise. Proton originally acquired MV Agusta Spa a year ago, on 7 July 2004, for 70 million Euro (RM364 million).

Young Woman Ask To Strip and Do Squats

Wednesday, 29th June 2005

Miss Hamisa Abu Hassan Saari, age 22. was arrested after police found some drugs on a friend. A police officer secretly recorded her with a cell phone as she was forced to strip and do squats, though she had no drugs. The recording got on the Internet and led to a special commission that denounced the police procedures and led to significant changes.

Cabinet minister suspended for corruption

Friday, 24th June 2005

Malaysia's ruling UMNO party suspended cabinet minister Isa Samad for six years for corruption.