Parti Keadilan Rakyat (Keadilan) today lodged a police report
on documents purportedly linking MIC president S Samy Vellu to
the controversial misplacement of nine million Telekom shares
intended for Maika Holdings.
In the report lodged at federal police headquarters in Bukit
Aman this morning, Keadilan deputy Youth chief Faisal Sanusi claimed
that the party had received documents containing allegations against
Samy Vellu involving the Telekom shares.
Faisal told reporters that details of the allegations came from
a letter dated Sept 15, 1994 written by the former chairperson
of MIC public relations committee, V Subramaniam. He added although
the information was available in 1994, no action seemed to have
been taken by the police and Anti-Corruption Agency (ACA). "The
documents show him of having assets far beyond what a minister
would hold on his normal salary," Faisal told reporters outside
the police headquarters.
Malaysiakini has obtained photocopies of Samy Vellu's bank statements
issued by the Bank of Commerce, which showed the transfers of
millions of ringgit between March and May 1992 - at the height
of the Maika's Telekom shares scandal. However, the veracity of
the bank statements could not be determined. Subramaniam, who
is not available for comment today, had since withdrawn the 1994
letter, which subsequently put a stop to the issue then. "GK
Rama Iyer, a much respected former Treasury official ... and chairman
of Maika at the relevant period of 1990 has recently in a letter
published in the Malay Mail on Dec 10, 2003, called for a reopening
of the investigation by the ACA into the issue of how these 9
million shares never reached Maika," said Faisal. "We
agree with and endorse his call." Allegations in letter Chief
Inspector Mariapan Manikam from the public relations department
received the 19-page report and documents attached from the complainants.
Mariapan said he would forward the documents to the relevant
authorities immediately. In his 10-year-old letter, Subramaniam,
who is also former PJ Barat MIC chief, alleged that investigations
in 1992 on the matter was "frustrated due to fabricated documents
and accounts and a false trail". The letter accused Samy
Vellu of allegedly hijacking the Telekom shares which were intended
to benefit Maika and the Indian community.
Samy Vellu, who is the works minister, has vehemently denied
this. He is currently in New Delhi on official business and is
unavailable for comment. Meanwhile, PKR vice-president R Sivarasa
called on the police to immediately re-open an investigation into
the allegations and forward the matter to the ACA, for re-investigation.
Re-open probe Sivarasa, who was also present during the press
conference, urged Prime Minister Abdullah Ahmad Badawi to explain
to the Indian community how Maika lost the nine million shares,
originally meant for its betterment. "The Indian community,
of which the shares should have benefitted, needs an immediate
answer to this long-standing issue," he said. In 1992, Maika
Holdings was reported to have failed to account for much of the
RM10 million worth of Telekom shares offered by the Finance Ministry
for the benefit of the Indian Malaysian community. Only RM1 million
worth of shares were retained by the investment arm while the
remaining RM9 million shares were diverted to three private companies,
two of which are RM2 companies and said to be proxies of the works
minister. The controversy subsided after police and ACA investigations
cleared Samy Vellu.
But the scandal erupted again a month ago following a row between
the MIC president and his political rival and MIC splinter party
- Indian Progressive Front - president MG Pandithan. Discontented
Maika Holdings shareholders recently held a gathering to air their
grouses. The company responded that the allegations were part
of a plan to tarnish its image by those who were seeking to buy
shares at a depreciated price.