Maika Holdings controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Alleged losses to the Malaysian Indian community
The Pakatan Harapan government alleged that more than RM100 million had been stolen from the Malaysian Indian community through the Maika Holdings scandal.
2004
Renewed complaint over the Maika share affair
PKR representatives filed a fresh complaint and cited documents and bank-statement photocopies that they said implicated Samy Vellu. The available material does not establish that the bank transfers were definitively related to the dispute.
1994
Allegations concerning share proceeds and company accounts
V. Subramaniam accused Samy Vellu of theft in connection with the Telekom Malaysia shares and alleged that accounts had been fabricated to show profits going to an MIC education development institute. The complaint was not followed up in the supplied account.
1992
Syarikat Telekom Malaysia share-distribution controversy
Maika reportedly received only 1 million of 10 million Telekom Malaysia shares allocated to it, while the balance went to three companies alleged to have links to MIC leadership. An Anti-Corruption Agency investigation later cleared Samy Vellu of wrongdoing, but the allegations remained politically contentious.