MAIKA Holdings Bhd’s current state belies its euphoric start. Many, a lot of them rural folk, were swept away by the fancy promises of future profits by its promoters and the fact that their hard-earned monies, ploughed in to buy Maika shares, would turn them into stakeholders of the national economy.
For many working-class Indians, it was not solely the promise of wealth but the belief that this was the start of the walls of economic barriers being pulled down to raise the status of the community. Some called it a “certificate of pride”. On hindsight, this would turn out to be highly naive.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
