KUALA LUMPUR: The Indian Progressive Front has asked MIC president Datuk Seri S. Samy Vellu to explain the winding-up petition filed against Maika Holdings Bhd by a firm two months ago.
Its president Datuk M.G. Pandithan said that as a shareholder and one responsible for bringing in hundreds of shareholders to invest when he was in the MIC, he was duty-bound to raise the matter.
When Maika Holdings was formed in 1984 as the party's investment arm, I was the MIC vice-president and was instrumental in getting in the investors.
I had persuaded many Indians to contribute generously towards Maika. Many had invested their life savings while some pawned their jewellery and took loans to invest. I had collected more than RM7mil on my own for Maika.
Personally, I was one of the first contributors of Maika with RM150,000, collected from family and friends, he said.
A newspaper advertisement dated Sept 5 stated that Buildcon Concrete Sdn Bhd filed the petition on July 16, at the Kuala Lumpur High Court's commercial division. The hearing was initially fixed for Oct 9 but was postponed to next March 11.
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