Yet another police report has been filed today against MIC president S Samy Vellu over the Maika Holdings shares issue.

The report was filed by Parti Keadilan Rakyat (PKR) vice-chief S Manikavagam at the Brickfields district police headquarters a day after the deadline in which investors were due to be paid.

Last November, Samy Vellu gave a personal assurance that investors would receive RM130 for every RM100 invested by Feb 15.

However, a Maika official told malaysiakini recently that Samy's assurance and the deadline given was not a plan mooted by the MIC investment arm.

Among others, the police report urged Inspector-General of Police Musa Hassan and Anti-Corruption Agency director-general Zulkifli Mat Nor to reopen investigations into the Maika issue.

Manikavasagam also called on attorney-general Abdul Gani Patail to charge Samy Vellu, his son Vell Paari, who is Maika's chief executive officer, and the directors for fraud and criminal breach of trust.

'Sack Samy'

Speaking to reporters later, Manikavasagam said most of the investors were elderly people who sold their properties and jewelry to buy the shares.

Meanwhile, Maika shareholder Palani Selvam, who was also present, said he went to the Maika office in Kuala Lumpur yesterday to claim the promised returns.

According to him, there were about 100 people standing guard outside the office.

Palani said he and other investors had met Vell Paari but the latter allegedly told them that his father had nothing to do with Maika.

"My wife invested RM2,000 in 1993 and Maika promised a return of RM2,600 but until now there has not been a single sen," he lamented.

Palani was puzzled by as to why the government refuses to intervene in this issue which has dragged on for years.

Several PKR members carried placards and banners outside the police station, which among others, called on Prime Minister Abdullah Ahmad Badawi to sack Samy Vellu.

Broken promises

In a related development, DAP parliamentarian for Ipoh Barat M Kula Segaran, who is also an investor, said he was saddened that MIC and Samy Vellu did not keep their promise.

Contacted this evening, the opposition leader said Samy Vellu had failed in his role as a leader of the Indian community.

"In 1983 when Maika bought Telekom shares, Samy Vellu promised that the community will hold a seven percent equity stake in five years. But until last year, it has only been 1.2 percent," he said when contacted.

"Maika owes RM220 million to its 66,000 investors. I think it's impossible for them (Maika) to settle this debt," he added.

Samy Vellu is currently on a working visit overseas.

Click below to view the 2.30 minute clip.