Did Maika Holdings chief and the the MIC supremo’s son S Vell Paari use money meant for the poor to fund his ‘lavish’ relationship with the now deceased drama actress K Sujatha?
This is the question being asked by certain quarters following the recent coroner’s inquest into the death of Sujata which saw Vell Paari (right) himself admit that he spent up to a quarter of a million ringgit on the actress.
Among those questioning the source of the funds is Kapar member of Parliament S Manickavasagam who today lodged a complaint on the matter with the Malaysian Anti-Corruption Commission (MACC).
His report was received by MACC’s deputy director, Hasan Yaya.
Vell Paari, who is MIC president S Samy Vellu’s son, had testified earlier last week during the inquest that he has ‘spent lavishly’ on Sujatha.
This included RM200,000 in cash for Sujatha’s apartment, funding for Sujatha’s medical treatment and education, and also for her two brothers’ education.
Vell Paari said he was the guarantor for the hire-purchase loan which Sujatha took out to purchase a Mazda RX8 sports car.
He also admitted that he had taken Sujatha and her family to Perth, Australia once before.
Maika funds misused?
According to Manickavasagam (left), Maika Holdings, the investment arm of the MIC, was set up to improve the lives of the Indian and while many had invested their life savings with the company, most of these investors have yet to receive any dividend.
“It is public knowledge that the Maika Holdings scandal had caused many from the poor community who invested in the company to lose their life savings.
‘But the CEO on the other hand is spending money lavishly. Now, how is this possible?” he questioned.
He added that over the past 18 years, Maika had been the subject of several reports to the MACC and the former Anti-Corruption Agency (ACA) over alleged misuse of funds within the company, but to date no action has been taken.
Manickavasagam urged the MACC to reopen these files and investigate the true circumstances behind the financial dealings of Maika..
He also urged the MACC to investigate the source of the large amount of money Vell Paari spent on Sujatha and its legitimacy.
“We want the MACC to find out if there is a leak in the company and whether Vell Paari has misused funds belonging to Maika Holdings,” said Manickavasagam.
His lawyer, N Surendran, who was present, said that he would follow-up closely with the MACC on this issue to ensure that the case did not remain unsolved like the ones before.
Surendran disclosed that they will also be lodging a police report next week as recommended by the MACC deputy director.
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