• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About
  • Contact
  • RSS
  • Archives
  • Subscribe
The Nut Graph

The Nut Graph

Making Sense of Politics & Pop Culture

  • Projects
    • MP Watch
    • Found in Conversation
  • Current Issues
    • 6 Words
    • Commentary
    • Features
    • Found in Quotation
    • News
  • Columns
  • Interviews
    • Exclusives
    • Found in Malaysia
  • Multimedia
    • Audio
    • Pictures
    • Videos
  • Corrections
  • Letters to the Editor
  • Vault
    • Found in Translation

New panel probes AIMST finances

January 20, 2009

KUALA LUMPUR, 20 Jan 2009: MIC’s Maju Institute for Education Development (MIED) board of directors has agreed to appoint a three-member independent panel to investigate alleged financial mismanagement over the Asian Institute of Medicine, Science and Technology (AIMST), sources revealed.

At their board meeting today, AIMST directors also rejected an offer by former party vice-president and ex-treasurer-general Tan Sri K S Nijhar to resign as head of a three-man committee set up by the party to probe the awarding of AIMST contracts.

“Both Nijhar and (MIC deputy president Datuk G) Palanivel offered to resign but this was rejected by the board. However, they decided that an independent panel, made up of three professionals, would investigate the matter.

“The two (Nijhar and Palanivel) wanted to resign because they felt whatever the outcome of their probe, it could be viewed as biased due to their closeness to the party president (Datuk Seri S Samy Vellu).

The board, which met at the MIC headquarters, wanted the independent panel to investigate AIMST’s accounts, especially in the light of the cost of building the institute in Semeling, Kedah, having risen to more than RM500 million from an estimated RM230 million earlier.

The institute started operations about a year ago. MIED is the education arm of the MIC. AIMST is being run by MIED Capital Sdn Bhd.

Early this month, the MIED board of directors appointed a panel comprising Nijhar, Palanivel and disciplinary committee head Tan Sri G Vadiveloo to probe the awarding of the AIMST contracts.

“The independent panel would investigate all aspects of AIMST, including its construction cost. The board of directors would meet again in two weeks to sort out some technical matters.

“The independent panel would also be furnished with all files and documents pertaining to AIMST. The president wants good corporate governance in the running of AIMST. He stressed this at the board meeting this morning,” said a source.

The sources revealed that Samy Vellu was concerned over the awarding of three contracts said to have been given out at inflated value.

The independent panel will also investigate two other contracts given to companies, reportedly linked to an MIC leader.

Recently, an MIC official who was dropped from the party’s line-up, said he had nothing to hide as far as financial matters were concerned, and there was no misappropriation of funds or on the MIED contracts. — Bernama

 

Filed Under: News Tagged With: AIMST, corruption, MIC, MIED, panel, Samy Vellu

Reader Interactions

Comments

  1. anonymous student of AIMST says

    January 20, 2009 at 11:27 pm

    Indeed the AIMST account needs to be probed, so that students are not forced to pay more due to their “missing” and “misplaced” payment made beforehand.

Primary Sidebar

Search

Recent Comments

  • Wave33 on The Nut Graph stops publication
  • Adam on The Nut Graph stops publication
  • PSTan on The Nut Graph stops publication
  • PSTan on The Nut Graph stops publication
  • Andre Lai on The Nut Graph stops publication

Recent News

  • The Nut Graph stops publication
  • Nasihat tentang sepupu yang mengganggu perasaan
  • Uncommon Sense with Wong Chin Huat: The Sunni-Shia split and the answer to Muslim unity
  • Why Malaysia needs the national unity bills
  • Challenging government in the digital age: Lessons from Kidex
  • Najib’s failure
  • Babi, anjing, pondan: Jijik orang Islam Malaysia
  • Kidex and the law – What the government’s not telling you
  • Beyond Dyana Sofya
  • Uncommon Sense with Wong Chin Huat: Does Malaysia need hate speech laws?

Tags

Abdullah Ahmad Badawi Anwar Ibrahim Barisan Nasional BN Bukit Selambau by-election dap Deborah Loh Ding Jo-Ann Election Commission elections Found in Malaysia Found in Quotation Gan Pei Ling government high court Hishammuddin Hussein ISA islam Jacqueline Ann Surin Khairy Jamaluddin KW Mak Lim Guan Eng Malaysia MCA Menteri Besar MP Watch Muhyiddin Yassin muslim Najib Razak Pakatan Rakyat Parliament Parti Keadilan Rakyat pas Penang Perak PKR police politics prime minister Selangor Shanon Shah Umno Wong Chin Huat Zedeck Siew

Footer

  • About The Nut Graph
  • Who Are We?
  • Our Contributors
  • Past Contributors
  • Guest Contributors
  • Editorial Policy
  • Comments & Columns
  • Copyright Policy
  • Web Accessibility Policy
  • Privacy Policy
The Nut Graph

© 2025 The Nut Graph