MAIKA Holding Scandal - Do Indians still wants to trust MIC

MAIKA HOLDING BERHAD

For more than two decades, 66,000 Maika shareholders had been having a raw deal especially after the infamous RM120 million Maika Telekom shares hijacking scandal where nine of ten million Telekom shares allocated to Maika were diverted to three private companies. The MIC thuggery and gangsterism in the mismanagement of Maika Holdings to deny the rights of 66,000 Maika shareholders to claim their money. The Malaysian are intimidated and not given a proper answer until today.

Samy Velu along with his group of gangsters, robbed the people of an enormous amount of money through Maika Holdings. Elected representative defying the law in acting in a thuggish, gangsterish and violent manner at a public venue. On May 13, 1992, MIC's Selangor Assemblyman for Seri Cahaya, S. Sivalingam, acted as a thug when he led an assault of Maika shareholders who were peacefully picketing against the Maika Telekoms hijacking scandal outside Maika headquarters. A woman, M. Pathmah was also assaulted and other victims were A. Sivanesan, K. Panjamurthi, K. Krishnan and S. Phulup Perumal. At the Maika AGM last year, MIC tried to silence YB Kulasegaran from championing the rights of the 66,000 Maika shareholders, he was assaulted at the event by a MIC's elected reps.

Samy vellu must explain to Malaysian on the scandal and the promises that he made to return the shareholder's money. Its better if we have a healthy debate to settle the problem. YB Kulasegaran and the MIC President, must face to face to debate on this scandal. You may ask why YB Kula and not other leaders? The reason is, he himself is a Maika Holdings shareholder, thus knows well about the whole scandal's plot. As a Malaysian Member of Parliament (MP), he is capable of representing 66,000 Maika shareholders to argue with the MIC President Dato Seri S.Samy Vellu on this issue.

MIC failed terribly to Show us that they cares about Malaysian. If they serious about uplifting the Malaysian, get Maika Holdings cleaned up and bring to justice those who have been responsible for cheating its shareholders.

BEING MIC PRESIDENT FOR MORE THAN 3 DECADES, SAMY VELLU IS THE ONE TO BLAME FOR MAIKA SCANDAL