PETALING JAYA: The money and the interest gained by the TARC Education Foundation (TEF) saved in bank accounts are only for TAR UC's operations and cannot be used by MCA in any way, said Datuk Seri Yew Teong Look.
"TEF is an independent body; MCA has never, and in fact, cannot draw even a single sen from the foundation. Hence, the RM24mil in the bank is just an accorded decision by the professional members of TEF to be used for development and operational expenditure," said Yew in a statement on Dec 14.
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