‘Tun’ Samy’s sweet deal with Najib
By M Kumaran, Free Malaysia Today
KUALA LUMPUR: MIC president S Samy Vellu has purportedly struck a sweet deal with Prime Minister Najib Tun Razak, which would see the 74-year-old politician being conferred a Tunship and appointed as an ambassador at large.
In return, Samy Vellu would step down and also sideline his deputy G Palanivel, in order for fresh faces to take over the helm before the next general election.
Putrajaya sources said the deal consisted of several “sweetneers” – Tunship, the ambassador’s post, and the extraction of the Maju Institute Educational Development (MIED) and Aimst University from the party.
The sources claimed that MIED, the party’s education arm, and Aimst University have a combined worth of around RM1 billion.
Also part of the deal is that the government would solve the protracted Maika Holdings fiasco, and this is how business tycoon G Gnanalingam came into the picture.
“Najib had roped in Gnanalingam to buy the shares at RM106 million, above its value, and the 66,000 shareholders are expected to get between 80 sen and RM1.
“Samy Vellu is also a major shareholder, and should he decide to sell his stake, he could make a handsome return,” said the sources.
They said Gnanalingam is scheduled to reveal more details about the deal on Saturday.
The Maika Holdings scandal has been a sore point with the Indian community for decades, and the opposition never fails to exploit this issue during elections.
