There was a serious case of conflict of interest involved in this scandal. A director of Maika was also a shareholder and director of one of the three companies, all of which divided the nine million Telekom shares equally. Lim Kit Siang named this person as R Selvendra on 7th May, 1992.
Two of the three companies -Advance Personal Computers Sdn. Bhd. and S.B. Management Services Sdn. Bhd. -shared the same business address: Level 2, Block F-North, Damansara Town Centre, Damansara Heights, Kuala Lumpur.
These two companies had the same Company Secretary: S. Balasubramaniam s/o M. S. Servai. Significantly, S. Balasubramaniam s/o M. S. Servai and Sothinathan s/o Sinna Gounder were both directors and shareholders of these two companies.
Note: Sothinathan Sinna Gounder is none other than S. Sothinathan, the present MIC Member of Parliament for Teluk Kemang, Negeri Sembilan. In addition to this, he is also the Deputy Minister of Natural Resources and Environment.
Samy Vellu rewarded a person who helped him hijack the Telekom shares by making him a Deputy Minister and could also probably groom him for future leadership of MIC.
Do we seriously need leaders like this????
If the 10 million STMB shares were allocated for the MIC, who would be the natural inheritors of these shares on behalf of the Indian community -Maika with its 66,400 shareholders or three insignificant private companies with six shareholders? Does this information in any way suggest that these three companies represented the interests of the Indian community?
Who lied to the Finance Ministry that these “three companies represented the interests of the Indian community”?
What was the motive for diverting nine million shares to three private companies?
Those who sought to find the answers were threatened or beaten up. One brave soul who went on a crusade to expose this scandal was stabbed in Penang. Whenever questions regarding Maika were raised at MIC meetings presided by Samy Vellu, it was alleged that thugs would suddenly appear beside the person asking the question and that would be the end of the affair to seek answers.
On May 13th 1992, the then Selangor Assemblyman for Seri Cahaya, Datuk S. Sivalingam (now deceased), had also acted as a thug when he led an assault of Maika shareholders who were peacefully picketing against the Maika Telekom shares hijacking scandal outside Maika headquarters.
In October 2006, the MIC Johor Assemblyman for Tenggaroh, Datuk S. Krishnasamy assaulted M. Kulasegaran, the DAP MP for Ipoh Barat at the Maika Annual General Meeting (AGM) at Legend Hotel. Even though Kulasegaran lodged a police report, no action was taken against S. Krishnasamy.
Some years ago, it was claimed that at one particular MIC meeting at the Dewan Sri Pinang in Penang, chaired by Samy Vellu, a Maika shareholder wanted to know the position of Maika. It was alleged that Samy Vellu told this shareholder that he would provide the answer after the adjournment for refreshment. In the meantime two thugs confronted this shareholder and told him that if he wanted to return home in one piece it was the right time to go home. When the meeting resumed, Samy Vellu reportedly called for the shareholder to repeat his query. But since he wasn’t there, Samy Vellu continued with his meeting without touching on the subject of Maika.
Two of the three companies -Advance Personal Computers Sdn. Bhd. and S.B. Management Services Sdn. Bhd. -shared the same business address: Level 2, Block F-North, Damansara Town Centre, Damansara Heights, Kuala Lumpur.
These two companies had the same Company Secretary: S. Balasubramaniam s/o M. S. Servai. Significantly, S. Balasubramaniam s/o M. S. Servai and Sothinathan s/o Sinna Gounder were both directors and shareholders of these two companies.
Note: Sothinathan Sinna Gounder is none other than S. Sothinathan, the present MIC Member of Parliament for Teluk Kemang, Negeri Sembilan. In addition to this, he is also the Deputy Minister of Natural Resources and Environment.
Samy Vellu rewarded a person who helped him hijack the Telekom shares by making him a Deputy Minister and could also probably groom him for future leadership of MIC.
Do we seriously need leaders like this????
If the 10 million STMB shares were allocated for the MIC, who would be the natural inheritors of these shares on behalf of the Indian community -Maika with its 66,400 shareholders or three insignificant private companies with six shareholders? Does this information in any way suggest that these three companies represented the interests of the Indian community?
Who lied to the Finance Ministry that these “three companies represented the interests of the Indian community”?
What was the motive for diverting nine million shares to three private companies?
Those who sought to find the answers were threatened or beaten up. One brave soul who went on a crusade to expose this scandal was stabbed in Penang. Whenever questions regarding Maika were raised at MIC meetings presided by Samy Vellu, it was alleged that thugs would suddenly appear beside the person asking the question and that would be the end of the affair to seek answers.
On May 13th 1992, the then Selangor Assemblyman for Seri Cahaya, Datuk S. Sivalingam (now deceased), had also acted as a thug when he led an assault of Maika shareholders who were peacefully picketing against the Maika Telekom shares hijacking scandal outside Maika headquarters.
In October 2006, the MIC Johor Assemblyman for Tenggaroh, Datuk S. Krishnasamy assaulted M. Kulasegaran, the DAP MP for Ipoh Barat at the Maika Annual General Meeting (AGM) at Legend Hotel. Even though Kulasegaran lodged a police report, no action was taken against S. Krishnasamy.
Some years ago, it was claimed that at one particular MIC meeting at the Dewan Sri Pinang in Penang, chaired by Samy Vellu, a Maika shareholder wanted to know the position of Maika. It was alleged that Samy Vellu told this shareholder that he would provide the answer after the adjournment for refreshment. In the meantime two thugs confronted this shareholder and told him that if he wanted to return home in one piece it was the right time to go home. When the meeting resumed, Samy Vellu reportedly called for the shareholder to repeat his query. But since he wasn’t there, Samy Vellu continued with his meeting without touching on the subject of Maika.
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