Kojadi will write to MACC over RM15mil grant

  • Nation
  • Friday, 28 Jun 2019

KUALA LUMPUR: The Koperasi Jayadiri Sdn Bhd (Kojadi) board will write to the Malaysian Anti-Corruption Agency over a RM15mil grant received by the cooperative from Yayasan 1MDB in 2012 to set up a micro-credit scheme for youths.

It said the board, which met on Wednesday, had decided to write to the MACC again and to further discuss the matter with the MCA leadership.

In a joint statement issued late Thursday (June 28) signed by 11 board directors, Kojadi refuted a statement made earlier by its chairman Datuk Ng Peng Hay that the MCA leadership had interfered with their decision.

"The decision made by the board yesterday was to: one, write in again to MACC to follow up on the earlier correspondence; and two, to further discuss it with the MCA leadership.

"Therefore, it is simply false for Ng Peng Hay to say that the Board had directed him to meet with MACC today," they said. Kojadi was formed by MCA in 1981 to provide student loans for higher education.

Earlier, Ng accused MCA president Datuk Seri Dr Wee Ka Siong of preventing him from meeting anti-graft authorities to declare RM15mil received from Yayasan 1Malaysia Development Bhd in 2012.

Ng, who was an MCA member, had reportedly said the board agreed that he should meet with the MACC in light of its recent filing of civil forfeiture suits to recover 1MDB funds.

He claimed the Kojadi board held an emergency meeting yesterday during which the board directed him to meet MACC today "to clarify our position and seek its direction and guidance".

In a statement, Ng said he objected to the interference by the MCA president in the day-to-day running of the cooperative.

But the 11 directors, in refuting Ng, said Wee's "wish to have a discussion with the Board complies with the outcome of the Board meeting."

"Moreover, MCA laid the bedrocks of Kojadi over 30 years ago, hence, it is concern to Kojadi's operation," they added.

They were vice-chairman Datuk Hoo Seong Chang, treasurer Datuk Ng Fook Heng, assistant secretary Datuk Seri Chow Liong, assistant treasurer Datuk Lim Chin Hai and directors Datuk Wira Koh Nai Kwong, Datuk Ooi Saw Choo, Woon Ching Fatt, Datuk Lim Si Cheng, Datuk Goh Ah Ling, Datuk Toh Chin Yaw and Dr Loke Sim Fatt.

"Kojadi has, and shall continue to uphold the principle of professional management. Whether it is in the past, present, or future, let it be known that the entire Board abide by a strict code of professionalism, transparency, integrity and lawful operating practices.

"The fact that Kojadi has established itself as one of the most successful cooperatives in the nation is evidence enough," they added.

They said "Kojadi upholds professional management; grant for youth's micro-credit scheme has nothing to do with (Datuk Seri) Najib's (Razak) accounts.

They further said that in the Kojadi bard meeting on Wednesday,"there was no resolution for chairman to meet MACC Chief Commissioner Latheefa Koya or any officials today.

"Early this year, Kojadi had informed-in-writing the MACC regarding the details of the RM15mil grant received by the cooperative from Yayasan 1MDB in 2012 to establish a micro-credit scheme for youths, in addition to report the developments of said project.

"In response, MACC had also written back indicating that all matters (regarding) 1MDB are still undergoing investigation.

"The RM15mil grant received by Kojadi in 2012 to set up the micro-credit scheme for youth came from Yayasan 1MDB, which has nothing to do with Razak's accounts. Thus, they should not be lumped together."

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