MIED vs Samy: Hearing on April 27
Published: Jan 17, 2011 5:01 PM | Updated: Jan 18, 2011 12:57 PM
Come April 27, the Kuala Lumpur High Court will hear the Maju Institute of Education Development's (MIED) RM100 million suit against its chairperson S Samy Vellu, and seven trustees of the MIC's education arm over alleged mismanagement which it claimed caused the institute to incur financial losses.
At least 50 witnesses will be called during the trial, including ex-MIC president, who would be the defendants' witness.
Come April 27, the Kuala Lumpur High Court will hear the Maju Institute of Education Development's (MIED) RM100 million suit against its chairperson S Samy Vellu, and seven trustees of the MIC's education arm over alleged mismanagement which it claimed caused the institute to incur financial losses.
The suit will be heard before Judge Abdul Aziz Abdul Rahim.
High Court senior assistant registrar Adibah Hanim Ab Hamid set the date upon meeting the parties' counsel in chambers when the case came up for case management today.
MIED's counsel A Vasanthi told the media that at least 50 witnesses would be called during the trial, including former MIC president Samy Vellu, who would be the defendants' witness.
On Jan 10, this year, the judge gave the defendants 30 days to provide the documents, among others, showing monies received and paid out by MIED from 1990 up to the date of filing of the suit on July 5, last year, for the hearing.
Abdul Aziz made the order after allowing MIED's application for the defendants to supply a total of 12 documents, including those pertaining to the construction of the Asian Institute of Medicine Science and Technology (AIMST), which allegedly caused huge losses to the MIC's education arm.
In the aforementioned suit filed on July 5 last year, other than Samy Vellu, the other defendants are his successor G Palanivel, M Mahalingam, T Marimuthu, SK Ampikaipakam, Karnail Singh Nijhar, K Kumaran and G Vadiveloo.
MIED claimed the defendants had breached fiduciary and statutory duties, and failed to discharge their responsibilities as trustees and auditors, which caused the institute to suffer huge losses.
It is also seeking an injunction to restrain Samy Vellu from continuing to helm the institute, that he (Samy Vellu) be stripped of his membership in MIED and for him to return all monies or profits made from MIED, either by himself or through family members and close friends.
MIED is also seeking a court order to make Samy Vellu compensate all the financial losses incurred by the institute in the time he had administered MIED as its chairperson.
It is also seeking special and general damages over the alleged losses, which it claimed totalled RM100 million.
The institute filed the writ of summons after High Court judicial commissioner Mah Weng Kwai on June 14, allowed an application by former MIC Youth chief A Vigneswaran to name MIED as the plaintiff in its proposed suit against the trustees of MIED.
Vigneswaran, who is also MIED member, has sought the court's permisssion to initiate the suit under Section 181A of the Companies Act 1965.
This section of the Act requires a company seeking to be a plaintiff in a suit to first get the court's permission.
- Bernama
The suit will be heard before Judge Abdul Aziz Abdul Rahim.
High Court senior assistant registrar Adibah Hanim Ab Hamid set the date upon meeting the parties' counsel in chambers when the case came up for case management today.
MIED's counsel A Vasanthi told the media that at least 50 witnesses would be called during the trial, including former MIC president Samy Vellu, who would be the defendants' witness.
On Jan 10, this year, the judge gave the defendants 30 days to provide the documents, among others, showing monies received and paid out by MIED from 1990 up to the date of filing of the suit on July 5, last year, for the hearing.
Abdul Aziz made the order after allowing MIED's application for the defendants to supply a total of 12 documents, including those pertaining to the construction of the Asian Institute of Medicine Science and Technology (AIMST), which allegedly caused huge losses to the MIC's education arm.
In the aforementioned suit filed on July 5 last year, other than Samy Vellu, the other defendants are his successor G Palanivel, M Mahalingam, T Marimuthu, SK Ampikaipakam, Karnail Singh Nijhar, K Kumaran and G Vadiveloo.
MIED claimed the defendants had breached fiduciary and statutory duties, and failed to discharge their responsibilities as trustees and auditors, which caused the institute to suffer huge losses.
It is also seeking an injunction to restrain Samy Vellu from continuing to helm the institute, that he (Samy Vellu) be stripped of his membership in MIED and for him to return all monies or profits made from MIED, either by himself or through family members and close friends.
MIED is also seeking a court order to make Samy Vellu compensate all the financial losses incurred by the institute in the time he had administered MIED as its chairperson.
It is also seeking special and general damages over the alleged losses, which it claimed totalled RM100 million.
The institute filed the writ of summons after High Court judicial commissioner Mah Weng Kwai on June 14, allowed an application by former MIC Youth chief A Vigneswaran to name MIED as the plaintiff in its proposed suit against the trustees of MIED.
Vigneswaran, who is also MIED member, has sought the court's permisssion to initiate the suit under Section 181A of the Companies Act 1965.
This section of the Act requires a company seeking to be a plaintiff in a suit to first get the court's permission.
- Bernama
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