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Saturday 1 August 2009

MIC Cites Political Motive For Protest Over MAIKA Shares

KUALA TERENGGANU, July 31 (Bernama) -- The MIC on Friday claimed that yesterday's protest over the Maika shares issue at the MIC headquarters in Kuala Lumpur was purposely held to divert attention from the Kampung Buah Pala issue in Penang.

Both MIC president Datuk Seri S. Samy Vellu and party secretary-general Datuk Dr S. Subramaniam spoke in the same vein on the matter after they had opened the Terengganu and Kelantan MIC delegates conferences here and in Kota Baharu, respectively.

Samy Vellu said here the protest was not due to the demand for money back by shareholders of Maika Holdings Berhad, the investment arm of the MIC, but was in retaliation for MIC's offer to help settle the issue of eviction faced by villagers of Kampung Buah Pala, the site of which is to be developed.

The protest was led by several leaders from the DAP and Parti Keadilan Rakyat (PKR), including Penang Deputy Chief Minister II P. Ramasamy, purportedly to hand over a memorandum on claims by Maika Holdings shareholders.

Samy Vellu gave an assurance that MIC was prepared to pay back the Maika shareholders but it could not do so now because of an injunction obtained by Koperasi Nesa Serbaguna Berhad, Maika's single biggest shareholder headed by former MIC deputy president Datuk S. Subramaniam, against the sale of Maika Holdings' subsidiary, Oriental Capital Assurance Berhad.

"I believe Subramaniam has to answer to the people (Indian community) on the Maika Holdings shares," he said.

He also said that the Penang government helmed by Chief Minister Lim Guan Eng should be held responsible for the Kampung Buah Pala issue.

In KOTA BAHARU, Dr Subramaniam said Ramasamy had tried to divert attention away from the unresolved Kampung Buah Pala issue and advised the Indian community not to be influenced by the DAP's actions.

"By gathering the Indians (at the MIC headquarters), one could divert the attention of the Indian community from the real issue of Kampung Buah Pala, which involves the interests of Indians in Penang.

"The group would not have gathered if not for political interests because the people have been informed of the truth," he said.

-- BERNAMA

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