Saturday, July 25, 2009

SAMY's political gimmick and MAIKA

Saturday 25thJuly09
MIC President Dato S Samy Vellu has said yesterday that his Party was willing to come out with RM 3.2 mil to buy over the Kg Buah Pala land and return it to the villagers..

This is a fantastic proposal which will be most welcomed by all except that it is not solution at all. It is nothing but a MIC's political gimmick .

Samy knows fully well that the former Penang State government headed by Tan Sri Koh Tsu Koon had approved the Kg Buah Pala land to Koperasi Pegawai Kerajaan Pulau Pinang on 8th June 2005 at a very low premium of RM 6.42 mil or RM 20 per square feet.

He also knows that Koh 's administration had subsequently halved the premium to RM 3.21 mil or only RM 10 per square feet, far below the market price of the prime land.

That is why he has mentioned the figure of RM 3.2 mil to buy over the land from the developer.

If Samy really believes that such a proposal could work, he would have gone to see the developer earlier and settle the issue with MIC's RM 3.2 mil.

His proposal is nothing but a desperate political gimmick to divert public attention because he now knows that the villagers have met the Penang Chief Minister Lim Guan Eng and efforts are in progress to find a constructive solution to solve the villagers' plight.

If the cost to acquire the land back is only RM 3.2 mil , I am sure Lim Guan Eng and his Exco would have made the decision to acquire it when the issue erupted early this month.

Realising that the acquired cost could be as high as more than RM 100 mi which the Penang state government cannot afford, Guan Eng has early this month called for Federal Government's intervention buy over the land.

The culprit who caused the plight of Kg Buah Pala villagers, Tan Sri Koh Tzu Koon ,ran away from his responsibility and did not voice his support for such a proposal. The Prime Minister immediately washed hands of the controversy, saying land is a state matter.

What was MIC 's stand ? Did the MIC Minister Datuk S Subramaniam ever bring this matter up in the Cabinet ? The plight faced by the Kg Bauh Pala villagers will have to be resolved somehow and Lim Guan Eng is making all efforts to find a solution together with the Kg Buah Pala
villagers.
MAIKA HOLDINGS( MAIKA)

Before Samy attempts to help the villagers, can he state why MAIKA a business arm of MIC has failed its over 66 thousands share holders in particular the poor Indians? By assurances/ promises made by Samy, when he was a federal Minister in 1983/4 over RM130million was invested mainly by Malaysians Indians in MAIKA? He promised high returns on the investments. Where has all the monies gone? Is MAIKA insolvent / bankrupt? When will all the share holders be returned with their investments?

MIC which cannot offer any help or solution should at least not attempt to exploit the controversy with political gimmicks.

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