MIC president S Samy Vellu today welcomed Malaysian Anti-Corruption Commission's (MACC) investigation into controversies surrounding the party's education arm - Maju Institute for Education Development (MIED).

"I am happy that they are investigating because we have lost a lot of money. An individual and a family have swindled MIED," he said.

Samy ( right ), samy vellu pc 160409 02 who is also MIED's chairperson, confirmed that he has not been questioned by the anti-corruption agency.

Six MACC officers are going through the company's records for the third day.

They have obtained the minutes of latest meetings between MIED Bhd and its subsidiary, MIED Capital Sdn Bhd, as well as documents pertaining to an advance of RM4 million by MIED to its subsidiary.

MIED's founding trustee member, KS Nijhar, said the raid was believed to be due to a police report lodged in Putrajaya last week.

"The report was made in relation to three MIED Capital cheques amounting to RM4 million."

He added that the raid was part of an on-going investigation by the MACC into allegations of misused funds.

Nijhar said that the payment vouchers for the cheques were approved as payments to reimburse advance payments from MIED to MIED Capital under the instruction of former MIED CEO, P Chitrakala in 2005 -2006.

The police report however alleges that the money was siphoned to companies belonging to Chitrakala's husband and brother-in-law.

The transfer was also approved by the then MIED Capital chairperson, M Mahalingam, who was also serving as MIC treasurer at that point of time.

Mahalingam, when contacted, was unable to comment on the matter as he had been called up by the MACC. Another MIED director, K Kumaran, is also being questioned by the MACC today.

chitrakala_mied Meanwhile Chitrakala (left ) denied media reports that the MACC is conducting an investigation on her. She also declined to comment as "these matters are in court" and it would be sub-judice for her to do so.

Controversy surrounding MIED arose last year after the relationship between Samy and Chitrakala became strained as they accused each other of mismanagement of funds.