MCA appoints Chua junior, ex-veep to monitor party’s billions
By Clara Chooi
KUALA LUMPUR, May 25 — MCA president Datuk Seri Dr Chua Soi Lek today confirmed the party had appointed his son, Chua Tee Yong and former vice-president Datuk Seri Dr Fong Chan Onn to assist in managing the party’s assets, estimated to be worth over RM2 billion.
Dr Chua said the decision had been endorsed by the party’s central committee after holding a five-hour meeting at Wisma MCA here.
“The CC today decided that the asset management of MCA should be administered in a more professional manner.
“That is why we believe that the party’s assets should be managed by a professional group separate from the MCA so there is separation of power. But at the same time, the management team is still accountable to the CC so they still have to report to us from time to time,” he told a press conference after the meeting.
Dr Chua noted that the party’s most valuable asset was The Star newspaper, which at its height, he said, was worth up to RM1 billion.
“We do not have an exact figure (on the worth of the party’s assets) — people will give you all sorts of figures — but we know our biggest is The Star.
“Since The Star is a listed company and follows the market value, it could be worth about RM800 million today and at its height, up to RM1 billion.
“Then, we also have Wisma MCA and other big investments,” he said.
He explained that today’s appointments were to ensure that the party’s assets would be managed professionally and that there would be no abuse.
Appointed son Chua Junior
. to Central Committee
. to Presidential Council
. to this ....
. What's next ? ?
Building his empire ? or MCA - Million Chua Associates ? ?
Action speaks louder than words .We wait and see , let him do what he wants , maybe turn his office into a love nest , no need to use the Batu Pahat hotel anymore !
Following Samy Vollu footsteps in appointing his son Vell Paariah into the CWC of MIC , making him the Managing Director and CEO of Maika Holdings
Read more here on the Vollu fella
He was given a very senior position then but he turned it down. We now know it's the whole cake he is after. Now what, has MCA become the property of one family? The Tainted has shown his true color hardly three months into his pornsidency. What a joke!! For how long do you think MCA members will take it and not loosing their marbles for such blatant nepotism unfolding before their eyes? Well, unless a seismic(as opposed to the Tainted's paradigm)shift is in place for the chair, it could be curtains for MCA very soon.......
ReplyDeletewahh helping to look after that 2billion loot - ill gotten gain ah?
ReplyDeleteah Quah
Jealous kah? U get what u voted 4. U want him u get lock stock and barrel. Enjoy your president
ReplyDeleteI have said many times, the tainted president do not care for MCA interest but acting for self serving interest. His actions tell all and now to place his son to manage MCA billions, isn't that very glaring...by the next MCA party election, MCA coffer will then be empty.
ReplyDeleteThose MCA people are simply stupid and eyes are cover with cow's dung, not able to read the tainted president intention.
They should act now to remove him before its too late.....
Where is the 900 stupid delegates who voted for CSL? See what is happening. MCA can survive voters defection. But MCA cannot survive inside job.
ReplyDeletewho's money is this ..?
ReplyDeleteMCA's money or the chinese people's money or malaysians' money or Chua's money?
Moneyman
The 900 delegates voted the taint president, you vote me , I help you. So they will not care who hold the post in MCA as long as they were paid to vote in 328. Both by-election of HS and Sibu showing Chinese votes in BN have been swimming away to opposition. If we still hope the 900 delegates or tainted president to gather back the Chinese votes like get moon from the water.800 heroes
ReplyDeletesomeone's hand is in the cookie jar.....
ReplyDeleteHow can this mushroom pornsident appoint his fungus son to look after MCA assets. What do he think he is? Running a mushroom farm.
ReplyDeleteLove MCA members please standby to lodge MACC if the fungus son has siphoned party profit, i have vested RMxx,000 into it.
ReplyDelete>Love MCA members please standby to lodge MACC if the fungus son has siphoned party profit, i have vested RMxx,000 into it.<
ReplyDeletewell you ll get your dividend.
a box of x-rated DVDs.
X-Rated DVDs starring by Old Fox CD Chua ? Nothing attractive and special. Just open your hand phone-you will get many SMS about SEX ITEMS. GO AND ENJOY YOURSELF.
ReplyDelete