KUALA LUMPUR: With the tides turning against him, MIC president S Samy Vellu is said to have turned to the moon for help.
According to an MIC source, this is the reason why the 74-year-old party boss chose to hold the Central Working Committee meeting tomorrow.
Normally, the meetings are held towards the end of the month, and on Fridays.
However, the source claimed that Samy Vellu's trip to India last week with his son Vell Paari had led to a change in plans.
“Father and son carried out prayers in India, and the priests there advised them to hold the meeting on Amavasai (no moon day),” he said.
He claimed that the prayers were done to ensure that Samy Vellu does not face any “embarassment or arguments” during the meeting.
“The president was told that he would face no hurldes if the meeting is held on this day, since the moon has the power to influence people,” he said.
New deal for Maika Holdings
Several pricky issues are expected to be raised at tomorrow's meeting such as the Maika Holdings deal and the post-mortem results for the April 25 Hulu Selangor by-election.
Maika Holdings, MIC's debt-ridden investment arm, is to be rescued by prominent business tycoons G Gnanalingam and S Kunasingam through a special purporse vehicle called G Team Resources & Holdings Sdn Bhd.
This morning G Team Resources served a takeover notice to the Maika Holdings board of directors to acquire all its 125 million voting shares at 80 sen per share in cash.
The offer is based on the shareholders' original investment of RM100 million and 25 million bonus shares received in 1996.
G Team Resources' offer was however lesser than the one made in the past by a company linked to another tycoon, T Ananda Krishnan.
The MIC source said Samy Vellu is expected to take credit for the new deal during tomorrow's meeting, but he is hoping that the 80 sen offer will not draw flak from CWC members such as KP Samy.
KP Samy is closely linked to Samy Vellu's arch nemesis, former deputy president S Subramaniam, who was behind a court injunction which prevented Maika from disposing its insurance firm.
“This is where the 'Ammavasai' is expected to work its magic by keeping the critics silent,” said the source.
Maika Holdings, which has been the subject of numerous reports and allegations, is now helmed by Vell Paari, who is the company's chief executive officer.
'Samy holds the trump card'
Meanwhile, the source said the MIC president is also expected to touch on the issue of “sabotage” during the Hulu Selangor by-election.
In the run-up to the contest, Hulu Selangor MIC Youth chief V Mugilan was accused of working against party interest.
Previously, FMT also reported that Samy Vellu was mulling disciplinary action against his deputy G Palanivel on the same grounds as well. Ties between the two is said to have struck a sour note.
The MIC source said the president will not be initiating disciplinary action against anyone, “but he will hold the trump card since he has compiled all the evidence”.
Apart from these issues, Samy Vellu is also expected to talk about the pressure from Umno with regard to a leadership transition in MIC.
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