RPK revelation of Samy Vellu and Sons wealth September 4, 2009Posted by nikmj in General, malaysia today, National, news, Politics.
Tags: Maika, malaysia today, mic, mMIED, Ms P.Chitrakala Vesu, RPK revelation of Samy Vellu and Sons wealth, Samy Vellu
Khir Toyo, one time Menteri Besar of Selangor, said that it was Samy Vellu who ordered the destruction of the Hindu temple in Shah Alam. “Barat” Maniam said that Samy Vellu siphoned out Telekom shares worth more than RM100 million that belonged to the MIC. P. Chitrakala Vasu said that Samy Vellu siphoned out millions in cash from various charity funds. On Monday we will reveal documents of some of Samy Vellu’s criminal acts.
THE CORRIDORS OF POWER
Raja Petra Kamarudin
Datuk Seri Samy Vellu Sangalimuthu is the longest serving President of the Malaysian Indian Congress (MIC), a component party of Barisan Nasional. He has held this post for 11 consecutive terms since 1979 and is the longest serving minister in Malaysia’s Cabinet until his defeat in the 12th General Election in March 2008.
Samy Vellu is the founder and Chairman of the Maju Institute of Educational Development (MIED), a non-profit charity organisation that provides educational loans and scholarships to deserving Indian-Malaysian students.
Ms P. Chitrakala Vasu, a former senior officer of MIED, alleges that Samy Vellu had siphoned out RM2 million in government funds that had been allocated to a MIC welfare foundation. She also made two reports in Shah Alam urging the police to probe the whereabouts of the MIED files and also RM2 million in donations collected in 2004 for tsunami victims in Sri Lanka.
She claimed Samy Vellu had asked her to place RM2 million in a fixed deposit in the account of YPS, a party foundation controlled by MIC. Chitrakala has further lodged two police reports in Subang Jaya blaming Samy Vellu for a variety of ills faced by the MIC and the Indian community. She claims that the money was intended for the pockets of MIC branch chairmen and supporters of the incumbent leadership.
It is alleged that Samy Vellu has hijacked 9 million Telekom shares from the original 10 million shares allocated to MAIKA. It seems he used three companies — Clearway Sdn. Bhd., S.B. Management Services, and Advance Personal Computers Bhd. — linked to himself, his son S. Vell Paari, and brother-in-law. These companies were used as conduits to swindle these shares. When the scandal first broke in mid-1992, the shares were valued at RM120 million.
In 1994, the then Chairman of the MIC Public Claims Committee, V Subramaniam (a.k.a. “Barat” Maniam), alleged that the accounts have been fabricated to make it appear that the profits from the sale of the Telekom shares were channelled to MIED. “Samy Vellu is a thief,” said Maniam. “He has stolen (Telekom) shares from the Indian community.”
On Monday, Malaysia Today will reveal certain documents that will show how Samy Vellu and his son siphoned out millions of the party’s money. (MT)