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Sparks To Fly At MIED Meeting

Sparks to fly at first ever MIED meeting

By Baradan Kuppusamy

KUALA LUMPUR, Nov 30 — A unique showdown is on the cards between MIC president Datuk Seri S. Samy Vellu and his longtime rival Datuk S. Subramaniam at the first ever formal meeting of the MIED, the party’s education arm, on Thursday.

The MIED has never had a formal meeting since its founding by Samy Vellu, Subramaniam and three others some 25 years ago.

The meeting will be especially stormy and laden with emotions, with former MIED CEO P. Chitrakala Vasu, the former blue-eyed-girl of Samy Vellu, scheduled to attend Thursday’s meeting and confront Samy Vellu.

What would be more galling for the party president is that Chitrakala will be against him and siding with his arch rival Subramaniam.

Although sacked as MIED CEO, Chitrakala is one of the 33 life members of the MIED board and has a right to attend the meeting.

In May, she broke ranks with Samy Vellu whom she had once admired but now despises.

She had also openly admitted to benefitting from Samy Vellu’s patronage and is understood to own and manage numerous business enterprises.

Samy Vellu and Chitrakala are also engaged in a running battle, with each claiming the other had swindled MIED of millions.

They are also suing each other for fraud and defamation.

Samy Vellu sacked her as CEO in May after blaming her for the loss of RM18 million allegedly missing from MIED coffers.

She shot back by alleging hanky panky in the construction and maintenance of AIMST University to the tune of millions of ringgit.

Several police reports were also lodged by both parties against each other and the authorities have frozen several bank accounts of the parties involved.

“I can imagine the sparks flying between them at the meeting,” said a MIED life member, one of the 33, who asked not to be identified. “In fact, this is the first formal meeting of the MIED that I am attending… I am curious what will happen.”

MIED has been in the spotlight because it was revealed that the AIMST University — valued at RM1 billion — is owned by MIED, not MIC.

It was also revealed by Samy Vellu that MIC and MIED are separate legal entities.

Samy Vellu had also announced plans to bring together MIED and other projects he had started as MIC president under one private organisation to be headed by him upon retirement.

The announcement sparked a furore, with Subramaniam now leading a major campaign to “save” MIED and Chitrakala assisting in the campaign by revealing numerous allegations of inside deals involving Samy Vellu and MIED.

Thursday’s meeting, sources said, would also see Samy Vellu, who is MIED chairman, tabling the annual accounts for at least five or six years at one go, something clearly unacceptable under company law.

The meeting would in fact be divided into “several meetings” for each year from 2004 to 2007.

source : http://www.themalaysianinsider.com/index.php/malaysia/44967-sparks-to-fly-at-first-ever-mied-meeting

 

November 30, 2009 - Posted by | Uncategorized

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