iMOL Archives - Politician's firm in wages probe
Welcome iMOL Archives

imol

 

 
Home 2SubscribeTrigger HappyEthnic ClashForumHistorySocialPoliticsEconomyEducationPlantation WorkersAbout me
Silence is not an option when things are ill done - Lord Alfred Dennings
Search   in  

 Create an AccountMain Home | Submit News | Your Account | Content | Topics | Top 10  

Modules
· Home
· Advertising
· AvantGo
· Feedback
· Forums
· Private Messages
· Recommend Us
· Search
· Statistics
· Stories Archive
· Submit News
· Surveys
· Top 10
· Topics
· Your Account

Who's Online
There are currently, 7 guest(s) and 0 member(s) that are online.

You are Anonymous user. You can register for free by clicking here

Languages
Select Interface Language:


Random Headlines

South Indian Labour Fund
[ South Indian Labour Fund ]

·Promises that came to nought
·South Indian Labour Fund revisited

  
Politician's firm in wages probe

Contributed by Anonymous on Tuesday, August 16 @ 09:28:36 CDT

MIC
KIM MACDONALD, The West Australian August 16, 2011

A Perth company owned by a high-profile Malaysian politician is being investigated by the Fair Work Ombudsman for allegedly failing to pay employees at its Bibra Lake workshop.Oka Motor Company director Vell Paari, who is also a member of the powerful central working committee for the Malaysian Indian Congress, conceded yesterday that the company owed workers weeks of outstanding wages.


A spokesman for some workers who would not be named said staff were owed up to 2½ months pay.


The unnamed spokesman said staff had been given only about 10 per cent of their outstanding wages in a recent lump sum payment but it was not enough to survive on.


At least three workers were forced to hock family goods in order to put food on the table and some have been unable to pay for petrol, according to the spokesman.


"The workers are told every week that they'll get paid a few days later, but this has been going on for weeks," the spokesman said.

"They are getting desperate."

The workers have lodged a claim with the Australian Taxation Office for unpaid superannuation and a complaint with the Australian Securities and Investments Commission. Mr Paari said from Malaysia yesterday that workers had recently been given up to 60 per cent of the due amount, and the rest would be paid tomorrow.


He admitted there was a dispute about the size and number of outstanding payments to workers and creditors.


Mr Paari said he had had to wait for the completion of KPMG's audit before he could settle the matter.


The businessman, who is also the communications chief for the Malaysian Indian Congress and the son of its former long-standing president, said he was not responsible for the unpaid wages.


Mr Paari said he spent most of his time in Kuala Lumpur, and despite being Oka's chairman and major shareholder, he said he did not know about the company's daily operations. He blamed local managers for the problems.


An Oka spokeswoman said about nine people were owed money, though conceded there was a lot of confusion over the matter, and the number could be higher.


Mr Paari said he would temporarily stop work at the Bibra Lake workshop, which manufactures all-terrain trucks, to give him a chance to "clean up the company".


He grew up in WA and studied at Bentley High School and Leederville TAFE.

********
Malaysiakini
Vell Paari's company under probe in Australia
Aug 16, 11 4:01pm
10 friends can read this story for free
A company said to be owned by MIC central working committee member S Vell Paari is reportedly being investigated in Australia for not paying its staff for up to two-and-a-half months.

The West Australian newspaper ran a story today claiming that the Fair Work Ombudsman has launched a probe into Oka Motor Company - in which Vell Paari is listed as a director - over the allegations.

NONEThe paper also said Vell Paari (right) - the son of long-serving former MIC president S Samy Vellu - had "conceded" that his Perth-based company owed workers weeks in outstanding wages.

It is understood that the workers lodged a claim with the Australian Taxation office for unpaid superannuation and also filed a complaint with the Australian Securities and Investments Commission.

The West Australian said Vell Paari, when contacted in Malaysia, had said that there was a dispute about the size and number of outstanding payments to workers and creditors, but stressed that up to 60 percent of the amount due had already been paid, with the balance to be paid tomorrow.

He said he had to wait for the completion of an audit on the issue before it could be settled, adding that he was not responsible for the unpaid wages.

Vell Paari reportedly said that despite being Oka chairperson and a major shareholder, he spent most of his time in Kuala Lumpur, did not know about the company's daily operations and blamed the local managers for the problems, The West Australian said.

The paper added that Vell Paari had decided to temporarily stop work at the workshop, which specialises in all-terrain trucks, so that he could "clean up the company".

'Millions of dollars siphoned'

Meanwhile, Vell Paari told Malaysiakini that he has hired international auditing firm KPMG to conduct a forensic audit on the Oka Motor's finances and to protect the company's intellectual property.

“I don't have an Australian working visa, so I appointed two persons to look into the running of the company - a chief executive officer (CEO) and a chief financial officer (CFO) .

“Six weeks ago, I received an email from one of the staff that their salaries were not paid... I suspected irregularities as we had money from sales, but millions have been siphoned out of the country into a private account,” he said.

According to Vell Paari, Oka's CFO Tom Ksserkas had confessed to misappropriating funds to the auditors and that he expects to receive a full report on the matter in the next few days.

“The company's intellectual property in the form of manuals were also found to be missing and that alone is worth AU$25 million,” he said.

Vell Paari added that he had to fork out AU$92,000 (RM286,381), which would be used to settle the employees' salaries.

He also said the CEO, Arthur Gold, resigned soon after the forensics audit was commissioned.

Auditors revealed that only two years of files were available and files from previous years were missing, said Vell Paari, adding that he would be lodging a police report on the matter soon.

“I have also decided that once we clear everything, I am closing down the manufacturing plant and moving it to Malaysia and to export out of Malaysia instead of Australia.... can't run anything overseas by remote control,” he said.

Additional reporting by S Pathmawathy

 
Login
Nickname

Password

Don't have an account yet? You can create one. As a registered user you have some advantages like theme manager, comments configuration and post comments with your name.

Related Links
· More about MIC
· News by sound


Most read story about MIC:
Foul play in Malaysian actress death


Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad


Options

 Printer Friendly Printer Friendly


Google
 
Disclaimer: The views expressed by the authors and comments on this website are the sole responsibility of the writers themselves. The writer will take full responsibility, liability, and blame for any libel or litigation that results from something written in or as a direct result of something written in a comment. The accuracy, completeness, honesty, exactitude and factuality of the articles and comments are not guaranteed by iMOL.

If you do not wish any of your writing republished here, please send mail to sound20[at]gmail.com. Allow us one month to remove it. Thanks. Copyright 1998 iMOL

Page Generation: 0.25 Seconds