Subscribe in a reader | Subscribe by Email I guess it should be ringgit for ringgit. The plan is to “refund” MAIKA investors for the failed investments. I guess that’s the best offer the investors can hope for under current circumstances. From what I read in the papers, the idea is to sell of MAIKA’s remaining assets and pay off the investors. Only thing stopping this is the injuction by NESA Coperative against that motion. The court will decide it soon.
Of course, one will ask about the loss of potential returns. Hmmm…tough question to answer. Did MAIKA guarantee any returns? Did the leaders provide such guarantees? I have no idea. Its something that those involved have to clarify.
Will this be the closing act of a sad chapter in MIC? Can MIC clear the baggage and move on?
