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Sunday, 2 August 2009

Any Subscriber for Andaman’s Maika Holdings?

Kapar Member of Parliament Manikavasagam suggest to MIC President of starting a new Maika Holdings in Andaman Islands. Manikavasagam was responding to Samyvelu’s statement that he will be the first to react towards any Indian problem globally even at Andaman Island.

Probably, Samyvelu has forgetten that he is no longer a Federal Minister of any country. He also hide himself when Malaysian Indian angrily shouting seeking explaination on Maika Holdings recently. Why poke your Nose to Andaman when there is plenty of problem in Malaysia including stateless Indians, temple demolishment, poor tamil school facilities and planned ethnic cleansing here itself.

Settle Maika Holdings Bhd (in Malaysia) first then he may seek settlement in Andaman Island to start a fresh New Maika Holdings (Andaman) there. Maybe he should consider giving fresh opportunity to satisfied Malaysian Maika holdings shareholders especially those gathered last thrusday in support of his son’s administration of managing Maika holdings without knowing that the boat may sink pulling Oriental Capital Assurance Berhad simultaneously with it.

Some 25 years ago more than 66,000 shareholders mostly estate labours trusted Samyvelu’s mellifluous promises that Indians will benefit by investing with Maika Holdings. Even after 25 years Samyvelu unable to keep his word or make any attempt to settle Malaysian Indian problems. Don’t it will be laughable matter when he cann’t solve some 25 years problem in Malaysia but wanted to settle Andaman Indian’s problem. Why choose peaceful Andaman not Sri Lanka where thousand of Tamilian died? He cann’t even suggest Malaysia to condemn against Sri Lanka while holding Cabinet position?

This Samyvelu plead to poor Indians to subscribe Maika Holdings Share and trusting him Malaysian Indian gave some RM100 million. He went to hide behind the scene by claiming that Maika Holdings is a private business entity although earlier he promises that for each RM 1, shareholders will get RM1.30. It’s notable that he runs entire Maika Holdings Annual General Meetings though he doesn’t sits on Maika’s board.

Even his son, Vellpari Maika’s CEO admitted that his fathers has not link with Maika Holdings and he promise to settle shareholders within three months years ago. Like father like son where both wanted us to believe their statements as it’s all full of empty promises that even wind reluctant to carry it.

I wish Samy’s new venture Andaman’s Maika Holdings shares will be oversubscribed so that both Father and Son will continue their honeymoon forever in Andaman leaving Malaysian Indian peacefully.

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