Samy Vellu used MIC’s name to buy a RM52 million piece of state land for only RM3.8 million. And to ensure that MIC would not cheat him of his 'Indian rights', he registered his name on the title as a beneficiary.
THE CORRIDORS OF POWER
Malaysia Today
The MIC President, Samy Vellu, bought a piece of state land for RM3.8 million. The only problem with this though is that the land is worth RM52 million. But Samy was smart. To qualify for state land he used MIC’s name to buy it. And to make sure that MIC would not cheat him of his 'rights', he registered his name on the title as the beneficiary and with MIC as the mere trustee.
Well, you can’t say that Samy has not helped make the Indians rich, at least one Indian, himself.
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