The Maika share scandal has continued for more than 20 years, with neither the MIC nor the government exhibiting any will to end the disgrace. Scant thought was given to the hundreds and thousands of poor Indians who put their hard-earned savings into the fund. If they only had put their money in fixed deposits they would have got a tidy sum.
Alas, the poor Indians trusted their worthless leaders who mismanaged the fund for more than 20 years. Now, all of the sudden, MIC is exhibiting a new found zeal and urgency to settle the issue and is rushing through an ill-planned venture to pay its subscribers.
This is in spite of the fact that 60,000 letters to shareholders could not be delivered and the pandemonium at centres registering shareholders, where numerous names have gone missing from the share register. The closing date is June 22 and despite the manifold problems there is apparently not going to be any extension.
Why this sudden urgency? It is a case of over 20 years of scandal being brought to an even more disgraceful closure. What about the thousands who did not get letters and the many whose names have been left out of the register?
S Samy Vellu, you are responsible. This grossly inefficient way of trying to close the issue is not going to redeem you in the eyes of the Indian and Malaysian communities. Perhaps, you think your image is so tarnished, it cannot get any blacker.
Even the fires of hell – where you are heading together with your cronies – are too good for you.
Malaysiakini
20/06/10
Alas, the poor Indians trusted their worthless leaders who mismanaged the fund for more than 20 years. Now, all of the sudden, MIC is exhibiting a new found zeal and urgency to settle the issue and is rushing through an ill-planned venture to pay its subscribers.
This is in spite of the fact that 60,000 letters to shareholders could not be delivered and the pandemonium at centres registering shareholders, where numerous names have gone missing from the share register. The closing date is June 22 and despite the manifold problems there is apparently not going to be any extension.
Why this sudden urgency? It is a case of over 20 years of scandal being brought to an even more disgraceful closure. What about the thousands who did not get letters and the many whose names have been left out of the register?
S Samy Vellu, you are responsible. This grossly inefficient way of trying to close the issue is not going to redeem you in the eyes of the Indian and Malaysian communities. Perhaps, you think your image is so tarnished, it cannot get any blacker.
Even the fires of hell – where you are heading together with your cronies – are too good for you.
Malaysiakini
20/06/10
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