PETALING JAYA: MCA president Datuk Seri Dr Wee Ka Siong says that since the Barisan Nasional administration, allocations have always been transferred straight to Tunku Abdul Rahman University College (TAR UC) and it has never gone through MCA.
Here is the full statement by Dr Wee.
1. Some claimed that the government allocation is transferred to MCA Foundation and Nga Kor Ming had also said that even a RM1bil allocation will not be sufficient if the allocation does not go through MCA. In actual fact, during the Barisan Nasional administration, the Government had always transferred the administration allocation straight to TAR UC, since when has it gone through MCA?
2. The legal owner of TAR UC is TARC Education Foundation, whose biggest beneficiary is the public and the Government. According to clause 12 of its memorandum of association clearly states that once the Foundation stops its operation, all its assets shall not be distributed to the members of foundation and it must be fully donated to other charitable organisations, of similar nature with similar goals, with the approval from the Inland Revenue Board. So how is MCA going to benefit from it? Please do not judge with your own mean measure.
3. The Pakatan Harapan government has stressed it in the past few months that there must be 50% of independent members in the Board of Trustees. What about the Perdana Leadership Foundation that was set up by the Prime Minister? Its Board of Trustees members are all members of its foundation. What does it mean? One country, two systems? Isn’t this bullying the weak and fearing the strong? I have casted my doubt since December 1 but no ministers dare to respond to these questions. All of them have been silent; are they feeling guilty now?
4. On May 13 this year, Domestic Trade and Consumer Affairs Ministry’s secretary-general had held a coordination meeting. Upon the request of the Government, four existing members of the Board of Trustees resigned from as members in the TARC Education Foundation. However, after a meeting 11 days later, IRB changed its tune by saying that such a move is an “afterthought”.
5. On October 10 this year, to maintain peace and to give face to the Domestic Trade and Consumer Affairs Minister, we have asked four existing members of the Board of Trustees to resign from the posts and replace them with four elite members of the society, namely former UTAR president Professor Tan Sri Chuah Hean Teik, former TAR UC alumnus and former Chartered Tax Institute of Malaysia (CTIM) chairman Datuk Khoo Chin Guan, former TAR UC alumnus and prominent lawyer Datuk Roger Tan and female entrepreneur Datin Paduka Tan Siok Choo. However, this application has yet to be approved after more than two months. Recently, the Domestic Trade and Consumer Affairs Minister had said the ministry still needed time for consideration. Does that mean that there will be another u-turn or will there be any drastic move?
6. Other than that, according to media report, TARCian Alumni Association (TAA) has only submitted its application to form a foundation two weeks ago but it has been approved by the Companies Commission of Malaysia yesterday. It looks like things are moving faster when you are well connected. The irony is that when our side tries to replace four Board of Trustees members, the application has been put on hold for two months while the application of a new foundation has already approved, is this fair?
7. Can the TAA Education Foundation truly replace the TARC Education Foundation? If this newly set up alumni association education foundation would like to award scholarships and study loans to TAR UC students, we will welcome such move, the more the merrier as currently, TAR UC has already had multiple scholarship and study loan funds. However, its president Yap Kuok Fong claimed that the education foundation will be responsible in distributing the Government’s matching grant and it will be the bridge between the Government and TAR UC. Where is the legal foundation of such move? Isn’t this completely ignoring the legal owner of the college university?
The wicked trick and the intention of the Finance Minister are very obvious. All these will not improve the economy so please stop meddling in the affairs of TAR UC.