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Chitrakala: MIED study loan for the Dead

Contributed by Anonymous on Tuesday, November 17 @ 10:01:14 CST

MIC
The Traveler, Tuesday, November 17, 2009

In the MIC central working committee (CWC) meeting held yesterday, MIC President Samy Vellu alleged that supermom Chitrakala, former MIED CEO, mother of four kids and having interest in 13 companies from Auto service to National service camp, used dead people names to hijack RM 3.2 million, according to a reliable source.

 

Thiruda Thirudi
Mahalingam, Samy Vellu, Chitrakala
pic: samy vellu as we know him


Apparently, Samy Vellu said that Chitrakala used around 30 names under the pretext of providing education loan to the students but the money was actually transferred to her business partner Mohan Thangarasu who is also the MIC national youth leader.

The checks were signed by Kumaran and Mahalingam.

However, Mohan Thangarasu denied having any knowledge of the source of RM 3.2 million transferred to his company account when the newly elected CWC member K P Samy queried on the youth leaders role in the hijack money belonging to MIED.

Mohan Thangarasu also said that the business deal did not go through and thus the money was returned to Chitrakala.

Samy Vellu threw more dirt on supermom Chitrakala of purchasing a RM 140,000 car and an apartment in London for her use.

Chitrakala recently has filed a defamation law suit on Samy Vellu for accusing her of hijacking insurance coverage of AIMST University from Maika holdings subsidiary insurance company to her husband’s insurance agency.

Supermom may file more law suits. No wonder she is taking up law, now.

Samy Vellu dropped another bomb shell in the meeting.

It seems Mahalingam, the former treasurer, awarded a RM 11 million contract to supply dentistry equipments to AIMST University without calling for tender disregarding another company’s offer to supply the same equipments for RM 7 million.
Mahalingam is Maha Thirudan pocketing RM 4 million.

Yesterday’s CWC meeting was more cordial unlike the previous one where K P Samy had heated arguments with Samy Vellu.

Still K P Samy interjected, “what the internal auditors were doing when all these misappropriations going on?”, the same source said.

 Finally, MIED AGM  is set on December 03.

*********
The Star
Students slow to repay MIED loans By A. LETCHUMANAN
KUALA LUMPUR: Although the Maju Institute of Educational Development (MIED) has disbursed RM94mil in study loans to over 12,000 Indians, it has only managed to collect RM23mil from the students who have completed their studies. Speaking to The Star after a two-hour central working committee (CWC) meeting on Monday, Samy Vellu said the MIED’s loan recovery department would send notices to the students who had failed to settle their loans. “If they don’t respond to the notices, we will pursue legal action against them,” he said. Samy Vellu said that currently there were 2,066 students with loans totalling RM39mil pursuing various degree courses in foreign countries, including Ukraine (686 students), Indonesia (404), Russia (369), United Kingdom (328), Australia (103), India (59), the United States (41), Romania ( 22) and several other countries. He said the CWC members were also briefed on the disappearance of millions of ringgit belonging to the MIED and the police reports made against former MIED chief executive P. Chitrakala Vasu. “The police have completed their investigations,” he said, adding that between RM16mil to RM18mil was misappropriated from the MIED.


 
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