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---------- Forwarded message ----------
Date: Mon, 05 Jun 2000 15:14:32 +0800
From: DAP MALAYSIA <[EMAIL PROTECTED]>
Reply-To: [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: [BUNGARAYA] 'Maika' Sothinathan should clear his name
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Media statement by Ronnie Liu, DAP National Publicity Secretary and DAP
Teluk Kemang By-election Campaign Director in Teluk Kemang on Monday, 05
June 2000.
Teluk Kemang voters should reject S. Sothinathan unless he can clear his
name in the Maika Holding Scandal ten years ago
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On Sunday, 04 June 2000, Lim Kit Siang, the Chairman of DAP Malaysia and
former Opposition Leader has reminded the Malaysian public that S.
Sothinathan, the BN candidate for the Teluk Kemang by-election, was one
of the people involved in the hijacking of nine million Telekom shares
that were supposed to be allocated to the Indian community through Maika
Holdings.
S. Sothinathan is the shareholder and director of two of these companies
- Advance Personal Computer and SB Management Services, each allocated
three million shares (source: Lim Kit Siang, "Samy Vellu and the Maika
Scandal", DAP 1992).
(On Sept 29, 1990, the Finance Ministry made a special offer of 10
million Telekom shares at RM5 per share to Maika Holdings. On Oct 6,
1990, Arab Malaysian Merchant Bank approved Maika's application for RM50
million financing to take up the entire issue.However, the Finance
Ministry was told that Maika Holdings could only take up 1 million
shares and the remaining nine million Telekom shares were to be
allocated to three companies. These three companies were said to
represent the interests of the Indian community. The DAP had made
various report to the ACA and the Police against S. Samy Vellu with
evidence. No one knows the outcome of the investigation until today.)
This particular revelation should help the voters of Teluk Kemang to
decide on whom they want to be their representative in the
Parliament."We already have so many crooked BN MPs whose main agenda is
to enrich themselves and their families; we certainly do not need one
more. " (Zainalabidin, Kuching)
- Ronnie Liu -
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