MIED: Samy told to make way for Palanivel

Former MIC chief should relinquish his grip on MIED and allow Palanivel to managed the show, says a local party leader.

KLANG: Maju Institute Education Development (MIED) chairman S Samy Vellu should quit and make way for party president G Palanivel to lead MIC’s education arm, said a local party leader.

V Thiagarajen, the Taman Mujur branch chairman, said the former MIC chief was old and should relinquish his grip on MIED and allow Palanivel to manage the show.

“We the Indian community hope the MIED board of trustees will replace Samy Vellu and elect Palanivel as the new chairman and empower his position as MIC president,” he told FMT.

“MIED is MIC property. So, it is only fair the party president takes over as chairman. Moreover, Samy Vellu is getting by in years. He’s old,” added Thiagarajen.

MIED will hold its annual general meeting on Nov 14.

Thiagarajen also criticised Samy Vellu’s poor administration of Maika Holdings, which was sold to G Team Resource, owned by business tycoon G Gnanalingam for RM80 million.

“I learnt that G Team sold Maika Holdings shares to a third party for RM300 million. This is a clear example of Samy Vellu’s failure to handle Maika Holdings,” he said.

Thiagarajen, popularly known as VT Rajen, said that the opposition would make MIED a campaign issue in the run-up to the next general election.

“Opposition leaders are prepared to exploit the issue at the national level. So, to save MIED and BN, Samy Vellu should resign and give way to Palanivel,” said Thiagarajen.

MIED is worth nearly RM1 billion. It also administers MIC’s Asian Institute of Medicine, Science and Technology in Kedah.