MAIKA Screw-up Revisited

(“I’m innocent – I don’t know what happened to the Telekom shares. Besides, ACA have cleared me”. Image source: http://www.topnews.in)

MIC party polls are coming up in September…

And thus far, there is no clear challenge to the head honcho and his nominated men. At this juncture, Raja Petra of Malaysia Today revisited the Maika – Telekom share scandal from an interesting point of view:-

A bit about Maika. Maika Holdings was once touted as the miraculous economic vehicle to elevate the Indian poor from the shackles of poverty. Launched by MIC in 1982 as their investment arm, the original plan was to ensure that at least RM30 million worth of shares were subscribed to but so successful was the promotion campaign that by 1984, RM106 million was raised from almost 66,400 shareholders with SV being the largest shareholder with 2.8 million shares.

From then onwards, it was downhill all the way.

Read the whole post here

When one reads the sequence of events pertaining to the Maika Telekom shares fiasco, one would realise why MIC should continued to be denied from any representation and the wrongdoers in the Maika Telekom shares fiasco need to be caught, stripped naked and flogged by each of the 66,400 Maika shareholders.

Read Also

Missing Maika Money

Maika – say no to bailouts

Maika Debate

What MIC really needs to do?

Advertisements

3 thoughts on “MAIKA Screw-up Revisited

Please let us have your reply...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s