Thursday, September 26, 2013

MCA division chiefs watch on ‘RM107m gain’ - ( M4L4YS14 )

KUALA LUMPUR, Sept 27 — Twenty-three MCA division chiefs will keep a close watch on the RM107 million gain by the party as claimed by president Datuk Seri Dr Chua Soi Lek and if it is legitimate in the first place.

They also want all party assets to be accounted for and will monitor every movement to ensure transparency, fairness and accountability as the current central committee was given very little information.

“Does the RM107 million include dividends paid? On behalf of our division members, we are gravely concerned with the way our party assets are being managed under Dr Chua’s leadership,” said Wangsa Maju MCA division chief  Datuk Yew Teong Look.

Yew will chair the newly-established Assets Action Committee which will also see the participation of lawyers, accountants and corporate professionals. 

Yew said the central committee was responsible for national issues and should not be burdened with keeping track of party assets.

“I sympathise with the central committee members as they would have to be accountable.”

Using the example of Matang Holdings Bhd, Yew said MCA members opposed the deal as it  was not being sold at the right price.

“Why did we decide to sell our stake? How is it more beneficial for the party and the independent shareholders?”

He also questioned the transfer of the RM1.28 billion Star Publications Berhad shares from MCA-owned property manager Huaran Trustees to MCA for the purpose of legitimate tax evasion and changes in management of dividends from Wisma MCA.

“Why was this arrangement to safeguard good governance discontinued?” Yew asked.

He also pledged to hold frequent press conferences in the future and jokingly referred  himself as MCA’s version of PKR’s Rafizi Ramli.

An MCA branch chairman said the committee would not have to rely on Dr Chua’s cooperation to continue moving forward as they had their own sources for information and documentation.

He also voiced his suspicions that Dr Chua was rushing to sell off MCA assets as the president may lose power in the coming party election.