IS MCA RECOVERY PLAN PRACTICAL?

MCA has formulated an action plan to recover from its poor performance at the recent elections. However, party president Datuk Seri Ong Ka Ting is keeping mum on the details.

The one-and-a-half day closed-door brainstorming session with 40 central committee members was held due to its worst showing at the recent polls, winning only 15 of 40 parliamentary and 31 of 90 state seats contested. It previously held 31 parliamentary and 76 state seats.

Ong also hinted that the party might take a more vocal stand on issues affecting the Chinese community. He added the party would work on improving its public image by increasing publicity on its accomplishments.

As MCA attention focuses on the serious setback in the recent election, a devastating disaster is impending inside the root of the MCA, where MCA-sponsored Investment Company incorporated on the 80s.

The basic question arises: Has MCA also taken into the account of political responsibility and obligation to help the victimized minority shareholders of MCA-sponsored Investment Company incorporated on the 80s where the investors were mainly MCA members and supporters?

According to the record, it clearly showed that the MCA-sponsored Investment Companies incorporated on the 80s are Selangor Aik Hua Holdings Berhad, Pahang Phang Wah Holding, Johor Ma Teng Holding and Perak Peak Hua Holding.

Until today, thousands of shareholders claimed that they were in the dark for years as the MCA-sponsored company failed to send any annual report or inform the shareholders of its status.

Legally, under the Malaysian laws, it is a serious offense if the directors of the companies fail to submit the annual reports with financial statements and conduct annual shareholders meetings.

No single MCA leaders were hold for the political responsibility and obligation. Failing or shy away to address the root reason is just like leaving the time bomb waiting to go off, said the political analysis.

Ironically, everybody knows about the threat but they have other preoccupations. It could go at any minute; the potential political disaster is by far very great.

The root reason claimed to be the fall of MIC is because of Maika Holding. It claims that the root-hidden reason and the clear message from the Chinese community to the present MCA leadership for the serious setback of MCA concluded to be MCA-sponsored Investment Company incorporated on the 80s and others major issues which involved Chinese social economic interests.

Shouldn’t Ong Kah Ting as the president of MCA places responsibility on anyone else's shoulders or otherwise?
If someone just said, well, the MCA politicians need not take responsibility about the past burden of the MCA-sponsored Investment Companies incorporated on the 80s, where the investors were mainly MCA members and supporters, what would they feel? As can be seen why the great politicians always hang on to their responsibilities.