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Chitrakala: Daggers drawn at MIED meet over Chitirakala

Contributed by Anonymous on Wednesday, March 31 @ 10:36:32 CDT

MIC
freemalaysiatoday.com, Mar 31 2010

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By B Nantha Kumar and S Rutra KUALA LUMPUR: Who is Chitiraka? An irate MIC president S Samy Vellu had allegedly posed this question when he was quizzed about P Chitirakala Vasu, the former chief executive officer of the party's troubled education arm. According to former MIC Youth chief SA Vigneswaran, who raised the prickly issue, his subsequent answer raised the temperature further during the Maju Institute Education Development's 23rd annual meet at the party headquarters here.


Vigneswaran, who is a MIED life member, responded: “It is the Chithirakala whom you gave a salary of RM25,000.00 from MIED per month, whom you helped get a National Service Camp, whom you gave the Perodua and Proton dealership to and whom you gave paid holidays.” Vigneswaran's initial question, when the accounts for 2009 was tabled, was how much MIED had forked out in legal fees to initiate court action against the former CEO for alleged misappropriation of funds. “I was informed that the records as of today do not indicate what amount had been paid as legal fees,” he said. Vigneswaran then plunged the knife deeper when he asked why MIED did not sue the 'negligent' trustees who were the signatories to the cheques for the alleged payments misappropriated by Chitrakala. “I got no answers to my questions,” he said. 'Negligent' Samy blamed
Going for the jugular, the former MIC Youth chief told Samy Vellu, who is the MIED chairman, that all the problems arose as a result of the latter's negligence. This, Vigneswaran said, led to a heated exchange. “I also told him (Samy Vellu) that he has been negligent in his duties as the chairman of the Board of Trustees and he should not be the chairman and the trustee of MIED,” he said. Early last year, the spotlight fell on MIED when S Sothinathan, who was then MIC vice-president, lodged two police reports over missing MIED files. The reports claimed that files pertaining to the MIC-owned university Aimst were missing from the party headquarters. Following this, Samy Vellu issued a show-cause letter to Chitirakala to explain the discrepancies in the accounts of MIED, which runs the party's Aimst University through a subsidiary company, MIED Capital Sdn Bhd. Chitirakala later accused the MIC president of siphoning MIED funds, which Samy Vellu denied. She also filed three defamation suits against Samy Vellu, his wife R Indrani and Tamil daily Tamil Nesan, which is linked to the MIC president. It was also reported that MACC is investigating a former executive of MIED who allegedly banked RM4 million into his account that was initially given out as a loan to a subsidiary of MIED. Mystery over RM7 million debt Meanwhile, Vigneswaran said when the accounts for 2007 were tabled, he had asked if Rashid Manap, the former chairman of Maika Holdings, had paid RM2 million in cash for MIED shares. “Samy Vellu repeatedly claimed that he paid in cash. Then, I asked the auditors for reconfirmation on whether the payment million was in cash or was it a contra. At that point, Samy Vellu admitted it was a contra made to monies owed to Rashid. “It is unclear how the contra was done when other trustees have no clue about it and no resolutions were passed to the effect,” he said. Maika Holdings is the debt-ridden investment arm of MIC, of which Samy Vellu's son Vell Paari is chief executive officer. Vigneswaran said he had posed this question because MIED accounts showed that the education arm owed Rashid RM7 million. “It has been alleged over the years that in 2001, Rashid acquired 40% of shares in Aimst Sdn Bhd by contra with RM2 million from the RM7 million allegedly owed by MIED to him. “How and why MIED is owing RM7million to him from the early 1990s to 2008 remains a mystery. How Rashid gave the RM7 million and why did MIED borrow the money from him is also a mystery,” he said. “The members of MIED and some of the trustees have no knowledge of all these,” he added. Samy Vellu had decline to speak to reporters after the meeting.

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MIED AGM: Expect fireworks over missing millions

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By S Rutra

KUALA LUMPUR: Fireworks are expected when MIC's education arm holds its 23rd annual meet tommorrow, where questions concerning the missing millions are bound to be raised.

The money, which went missing from the Maju Institute of Educational Development (MIED) account, was later traced to the personal account of one of its former top executive.

Apart from MIED members, the Indian community is also keen on knowing what happened to the funds, which has been the subject of investigations by the police and Malaysian Anti-Corruption Commission.

The members, led by former MIC Youth chief S A Vigneswaran, are expected to grill the MIED trustees on this issue.

Former MIC deputy president S Subramaniam, who highlighted an error by the MIED company secretary in sending out notices of the AGM, and his supporters will most likely join in the fray.

Yesterday, Vigneswaran wrote a letter to the secretary higlighting another mistake in the notice of the meeting dated March 9.

In the letter, Vigneswaran objected to the AGM being held on the grounds that the notice was defective.

'They were just rubber-stamps'


According to him, the notice was defective based on the following incurable irregularities:
  1. The said notice is given pertaining to the 23rd AGM when in actual fact the 23rd AGM is not for the current year but is the AGM for the year 2008.
  2. The 23rd AGM is an adjourned AGM and the notice fails to specify it as adjourned.
  3. At the adjourned 23rd AGM, only item '1' on the agenda can be validly executed i.e. laying of the audited financial statement for year ending 2007.
  4. Item 2 and 3 on the agenda cannot be carried out at the adjourned 23rd AGM for the year 2008.
Vigneswaran, who has been a life member of MIED since 2000, told FMT that the education arm has never held a proper AGM.

Normally, he said, it will be just done via circular resolutions immediatly after the MIC Central Working Committee (CWC) meetings.

The 31 members of MIED will blatantly endore without checking the details on the circular, he added.

"Most MIED members are CWC members and they just function as 'rubber-stamps' which resulted in the mess we are facing today," he stressed.

MIC president S Samy Vellu and his deputy G Palanivel are among the MIED trustees. Police reports and lawsuits

Early last year, the spotlight fell on MIED when S Sothinathan, who was then MIC vice-president, lodged two police reports over missing MIED files.

The reports claimed that files pertaining to the MIC-owned university Aimst were missing from the party headquarters in Jalan Rahmat, off Jalan Ipoh, here.

Following this, Samy Vellu issued a show-cause letter to MIED chief executive officer P Chitirakala Vasu to explain the discrepancies in the accounts of MIED, which runs Aimst through a subsidiary company, MIED Capital Sdn Bhd.

Chitirakala later accused the MIC president of siphoning MIED funds, which Samy Vellu had denied.

She also filed three defamation suits against Samy Vellu, his wife R Indrani and Tamil daily Tamil Nesan, which is linked to the MIC president.

Chitrakala had said that she filed the suits to clear her name after being linked to the missing money.

It was widely reported that MACC is investigating a former executive of MIED who allegedly banked RM4 million into his account that was initially given out as a loan to a subsidiary of MIED but ended up in his personal account instead.

 
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