freemalaysiatoday, Apr 07 2010

By Rahmah Ghazali

KUALA LUMPUR: MIC president S Samy Vellu stood and watched as his bodyguards assaulted a Maika shareholder for asking a question, the alleged victim claimed today.

Management consultant S Nadarajah said he did not expect such a violent reply to an innocent question about current developments in the MIC investment arm, which has long been mired in controversy.

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The incident allegedly happened three days ago at a social function in Taman Bukit Teratai, Rawang.

Nadarajah, 51, said Samy Vellu’s bodyguards pounced on him as soon as he finished asking his question.

"Samy Vellu's thugs — six of them — punched, kicked and pinched me, leaving bruises on my body," he said.

"A recently retired senator joined in and also punched me. And a photographer named Sunder from Tamil Nesan pinched me.”

He said Samy Vellu "just looked on and kept quiet, as if encouraging what his bodyguards were doing to me. He didn't stop his men".

Nadarajah has lodged a report with Petaling Jaya police about the alleged assault.

Maika Holdings was launched in 1983. It raised some RM110 million from Malaysian Indians, who were promised returns many times their initial investment. However, Maika shares, which were sold at RM1 in 1986, are now worth well below half that amount following a number of questionable investments.

Nadarajah said Maika had not conducted any annual general meeting in the past three years.

"We don't know what is happening to our investment,” he said.

“The government is not taking any action against Maika Holdings and its board of directors. I urge that something be done to revive the investment arm of the Indians so we can participate in economic activities.”

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