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Friday 27 December 2013

MIC’s assets remain a mystery

The MIC owns several properties, including land, all over the country but are not mentioned in the annual reports for about 15 years now and the status of the assets remain a mystery.

KUALA LUMPUR: Some burning questions have popped up over properties belonging to MIC, which are worth millions of ringgit.

A check by FMT revealed that MIC’s properties, some of which bought 30 years ago, remained a mystery.

According to the MIC’s 27th annual report in 1980, which was prepared by former deputy president S Subramaniam who acted as the party secretary-general at the time, MIC owned several buildings and lands.

The report also indicated that SK Ponnambalam has been appointed as property manager to look after matters concerning assets.

For about 15 years, the properties have not been mentioned in the annual reports.

It is also learnt that MIC delegates cannot raise any matter concerning the properties because of instructions from top leadership.

In the recent party annual general meeting, Palanivel urged the government to allocate RM3bil to upgrade the lifestyle of the Indian community.

But is the MIC concerned about the development of Indians? Are they transparent with their community?

Who is keeping the record of the properties since there was no more property manager in MIC?

Why are the properties details not in party’s annual reports?

According to the 1980 annual report, MIC owned seven buildings and 27 pieces of land all over the country.

Among the MIC buildings are Wisma Tan Sri Manickavasagam in Kuala Lumpur, two storeys in Jalan Ipoh, seven storeys in Johor Baru, two storeys in Penang, five storeys in Mentakab and four-storeys in Ipoh.

In the 1980 report MIC had planned to put up buildings in Kuala Pilah, Port Dickson (Negri Sembilan), Kuantan (Pahang), Kluang, Batu Pahat (Johor) and Klang (Selangor).

Land belonging to MIC are in Batu Kurau, Malim Nawar, Tanjung Malim, Grik, Buntong (Perak), Skudai, Pontian, Segamat, Kulai, Yong Peng, Pasir Pelangi, Buloh Kasap (Johor), Alor Star (Kedah), Pekan, Raub (Pahang), Air Kuning Selatan, Gedok (Negri Sembilan), Port Klang, Kapar, Puchong, Sabak Bernam and Rawang (Selangor).

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