Ask any Indian who hoped that MIC would be the only ones that could bail them out from their misery back in the day and the first thing they would say is MAIKA HOLDINGS. Now you may ask what the heck is Maika?
I looked up their website, and this is what it is :
Inaugurated on the 15th of August 1984, Maika Holdings Berhad’s principle activity – is investment holding. Maika was originally established to represent the interests of the Malaysian Indian community and has since grown to configure more than 66,000 shareholders.
As a professional and profitable Malaysian corporation, the company has provided attractive returns to shareholders and is targeted to continue real term future growth in line with the expanding economy of Malaysia and that of the region.
Ok..yea, sounds like some heavy mambo-jambo isnt it? Well…not really, it is basically a company that was formed by MIC which toke what evers wealth that was left off them and didnt give anything back. Its widely known as thew failed venture but after reading news from numerous sites, im begining to wonder if its a failed venture or venture that was planned to fail?
In the latest updates, the blog of Yb S Manikavasagam indicated some new developments.
This has surfaced :
And this explanation came up :
Why did Samy Velu withdraw RM 14.40million from his Bank Of Commerce (now CIMB Bank ) Current Account on 04/04/1992 and how did he manage to cover up overdrawn by deposit over RM15.00 million within 15days time .
Does a Minister earn approximately RM 1.00 million per day?
Wonder what the Anti Coruption Agency has got to say about this one??
From the Shelves of Delirium
Digging up the files…
Emm you are coming closer to RPK brother !!! this is an awesome information that every single indian in this Malaysia should know…. It would be great and greater if everyone can access to this site and learn whats actually happening to the indian community earnings. Well guess what at that time that the money was withdrawn there were tons of Indian family in the street earning less than merely 400 ringgit in a month for the entire family food/education/accomodation/electricity/water and all. That is Sad isn’t ????? but the best part is that, that people for suffering still thinks that one fine day MIC would help them to shade some tears. Oh GOD i wish that I could compete and take that leadership place… not because of what … but the earning of 14 mil just like that … no that was a joke….. i hate this bust#$rd who eats poeple’s money and claim that they are the only place you could ever rely on. – Sad but True – Andrew
The Chronicles of Maika | Politickler…
The company that was formed to help the indian comunity. It robbed the poor of their little wealth.Some revealing info of this very company…
Some serious questions raised indeed…
But Firstly, is the account for real? Or is it merely a con-cocted stuff by ‘interested parties’?
If it is for real, RPK should get a wind abt this ;p
I don’t know what Semi-Value does apart from lobbying, but i’d certainly be interested to know how he can earn that kinda money
I can’t wait to see this document in court!!
[...] personally feel that no part should have exclusively and MIC just again and again prove this point. Maika is the infamous scandal that ripped off millions from the Indian society in the name of a [...]
[...] you care about the voters woes Dato’ Semi? Wonder what the folks who invested in Maika has got to say about [...]
[...] the benefit of those who don’t know who Maika are : Maika Holdings Berhad’s principle activity – is investment holding. Maika was originally [...]
It’s the reversed Robin Hood, rob from the poor, give to the rich. Nice. Just nice.