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Attack On M. Kulasegaran By Johor MIC Assemblyman An Attempt To Cover Up Improprieties In Maika Holdings And Silence Voices Of Shareholders Seeking The Truth


Media Statement

by Lim Guan Eng

(Petaling JayaWednesday): DAP unreservedly condemns the irresponsible, illegal and violently unacceptable behaviour of Johor State Assemblyman for Tenggarah Datuk S. Krishnasamy in attacking DAP National Vice-Chair and MP for Ipoh Barat M. Kulasegaran yesterday during the Maika Holdings Bhd(Maika) Annual General Meeting(AGM). In his police report yesterday, Kula asked police to act against the Johor ADUN for elbowing Kula and pushing Kula away from the mike when Kula was speaking to the Maika AGM at Legend Hotel in Kuala Lumpur.


Clearly this attack on Kula by Krishnasmy is an attempt to cover up improprieties in Maika Holdings and silence voices of shareholders seeking the truth and why their investment has not resulted in promised returns. According to the report by Kula,

“70% of the over  500 shareholders of Maika who attended the AGM had voted against the first agenda ‘to receive and adopt the Audited Financial Statements for the year ended 31 December 2005 together with reports of the directors and Auditors’. 


Realising that they were defeated the Chairman presiding the meeting refused to declare the results. This caused great unhappiness and dissatisfaction. In trying to stifle the outcry and shut up the debate without revealing the outcome of the voting, Kula was attacked and the meeting was taken over by those displaying hooligan-like behaviour”


DAP expresses disgust at the gangster politics employed by BN parties. Apparently UMNO is not the only one to use threats to silence truth-seekers when they can not explain or justify their actions. Recently such threats were employed against Professor Dr Lim Teck Ghee for being seditious in making conclusions from his academic research that the NEP 30% target for corporate bumi equity has been exceeded based on calculation of market value.


Similar violent tactics were employed by supporters of Port Klang ADUN and Majlis Perbandaran Klang Councillor Datuk Zakaria Md Deros when the public went to his palatial mansion on 29.10.2006.   As Kulasegaran said, such violent tactics has no place in our Malaysia political culture. Further violence would not silence ordinary Indians who demand answers why their hard-earned money invested in Maika has not generated returns.


MIC President Datuk S. Samy Vellu has a moral obligation and duty to the Indian community to explain the Maika shareholders the value of the investments. He must also condemn and disassociate MIC and himself from the gangster tactics employed by Datuk Krishnasmy as not only shameful to MIC but also to all Malaysians. Any failure to condemn Krishnasamy and explain to Maika shareholders would only confirm suspicions that MIC is trying to cover up the real truth of what has gone wrong in investments in Maika Holdings.


DAP views this incident seriously and expects the police not to be affected by any politicial interference in investigating this incident. Should the police fail to take action then the matter would be pursued further for no one is above the law and even State Assemblyman do not have the right to assault people.


* Lim Guan Eng,  Secretary-General of DAP

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