MCA meet quizzes party’s missing millions: KUALA LUMPUR, Oct 2 — Close to 500 MCA members met today to demand answers on the millions of ringgit worth of party funds they alleged have been left unaccounted under the leadership of party president Datuk Seri Dr Chua Soi Lek. The funds include, among others, RM212 million in dividends from the 42 per cent stake MCA holds in English daily The Star, and the sale of a donated piece of land in Bangi that was meant for the party’s second headquarters. “Where has the money gone to? We have a lot of questions to ask,” said Datuk Yew Teong Look, who called himself the chairman of the MCA Safeguard Party Assets Action Committee. Yew, who is also the Wangsa Maju division chief, led several division leaders today to question the RM107 million gained by the party, as claimed by Dr Chua recently. He explained that the dividends from The Star’s stock has by itself amounted to over RM319 million since 2010, when Dr Chua started helming the party. The parcel of land in Bangi was also sold to property developer Mah Sing Group for just RM8 million he said, despite the land’s estimated market value of RM20 million. Yew claimed that party members present today have unanimously agreed for MCA to buy back the land “irrespective of its cost”. “We want MCA to buy back the land for the pride and dignity,” he said. MORE TO COME dlvr.it/44483z
Posted on: Wed, 02 Oct 2013 07:04:43 +0000
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