By Baradan Kuppusamy, themalaysianinsider.com|
Samy Vellu is expected to have his statement taken eventually. — file picKUALA
LUMPUR, Jan 26 — The Malaysian Anti-Corruption Commission (MACC) raided
the MIC’s MIED office here yesterday and today, in a probe on how RM4
million of the institute’s funds ended up in the accounts of two
companies owned by a former senior MIED employee and her husband.
A MACC team seized files, records, plus other materials and
questioned staff at the MIED office, on the second floor of the MIC
headquarters in Jalan Rahmat.
Sources said the officers spent about two hours at the MIED office
yesterday and had returned today to continue their investigation, which
also involves getting statements from the former senior employee, and
two senior MIC leaders who were until recently an MIED trustee and
Sources said the MACC would also eventually take a statement from
party president, Datuk Seri S. Samy Vellu who is also MIED chairman, to
“round up” the probe.
They said the case involves alleged CBT, in which advances made by
MIED to MIED Capital Sdn Bhd were later reimbursed by MIED Capital
although the money ended up in two other companies.
The MACC is probing the paper trail and the authority structure to
ascertain who authorised the issuance of the cheques to the private
companies instead of into the MIED account.
According to a senior MIC official aware of the situation, it seems to be an “open and shut” case of simple CBT.
Former MIED CEO and financial officer Chitrakalla Vasu had lodged
several reports with the MACC and police over alleged mismanagement and
fraud in MIED last year.
MIED, in return, also lodged police reports against her over alleged “missing” money and abuse in MIED.
The fallout between the Chitrakala and Samy Vellu was the talk of
MIC circles last year, with each accusing the other of fraud and taking
the MIED for a ride.
The MIED is the MIC’s education arm and had received millions in
donations from MIC members, the Indian community, and the government to
support the MIC’s education ventures.
MIED owns the RM1 billion Aimst University in Kedah where
construction cost has ballooned, by one account, from RM150 million to
The government had given RM300 million in grants for its
construction but MIED still owes Bank Pembangunan approximately RM230
million in loans.
Former MIED founder member Datuk S. Subramaniam also alleged last
month that the MIED is “supposed to hold” in trust about RM2 million in
Tenaga Nasional shares and that if these shares are disposed-off, the
MIED is entitled to 50 per cent of the proceeds.
“I don’t know what is the status of the Tenaga shares,” he had said.