UMNO: Bail out Maika Holdings for RM 26 per share and like Mara place under PM’s department

In 1981, PNB was given a government loan of RM 200 million loan and within 30 years it has been granted the best and the cream of the investment opportunities, mega billions of government projects and tenders and thus it’s 38,000% rise in 30 years to RM 76 billion in 2008 and benefitting 8.9 million malay muslims.

But when it comes to especially the Indian poor, they have been given peanuts Telecoms shares, deliberately allowed room for alleged mismanagement as an UMNO political strategy made it into a 53 year old Indian political problem and kept the Indian poor’s attention away from the real culprit, ie UMNO.

We now call upon the UMNO led Malay-sian government to forthwith bail out Maika Holdings at RM 26 per share as Renong, MAS, Perwaja Steel, BMF Multi Purpose Holdings, Syarikat Perkapalan Negara, etc, were bailed out.

Further like Mara (SH 10/5/2010 at page N8) it should be put under the Prime Minister’s Department instead of pushing it back to the MIC mandores and the UMNO puppet corporate Tan Sri Indian mandore.

This would protect the 66,000 poor Indian share holders long term interest like PNB protecting the interest of the Malay muslims.

But UMNO would never do this as their Prime Minister Najib Razak’s One Malaysia policy in actual fact really means One Malay-sia and with the intention of keeping the poor Indians poor or making them poorer so that the Malays will always remain the Masters, tuans and the Indians their Coolies.

P. Uthayakumar