KUALA LUMPUR: Finance Minister Lim Guan Eng said today that a RM30 million allocation to a trust fund managed by alumni of Tunku Abdul Rahman University College is for the benefit of the college and its students.
He denied that the RM30 million trust fund could only be used on condition that MCA relinquished ownership of the college.However, the money could be channelled directly to the college if MCA gaves up ownership and control of the administration “I want to stress that the allocation of at least RM30 a year is not for saving in a bank account but for use for the benefit TAR UC and its students. The RM30 million is not to be left in the trust fund as savings to earn interest,” he said at a media conference together with officials of the alumni association.
Lim said the association is not controlled by the government or any Pakatan Harapan political party but comprised successful former students and a representative of the Finance Ministry.The president of the alumni association, Yap Kuak Fong, said the trust fund will be under the leadership of a senior legal advisor who would set up a non-profit company limited by guarantee with a diverse representation.
MCA publicity deputy chairman Mike Chong Yew Chuan has questioned why the fund is being channeled into the TAR Alumi Association, as opposed to the other registered alumni association, the Federation of TAR Student Alumni.
MCA has 2 billion party money, just give 100 million to TAR UC.
Keep the money, we will replace the finance minister.
it's like asking a mother to give up her children in order for them to help the children in needs. 🙄 i dare dapmalaysia especially guanenglim to establish a University for those marginalised under racist 90:10 matriculation policy.
Just give the money la.. Then just monitor to ensure it doesn't go into wrong pockets. This one like 'bersihkan bilik masing2 baru dapat coklat'
都是同根生,相煮何太急。
Very derisive behavior towards TAR...
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MCA to Guan Eng: Clarify nature of RM30mil proposed trust fund for TAR UCPETALING JAYA: MCA wants Finance Minister Lim Guan Eng to clarify the exact nature of the proposed trust fund of RM30mil to the Tunku Abdul Rahman University College (TAR UC). Reject the grant. It's politically tainted. Protect TARC legacy.
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LGE: RM30mil TAR UC trust can be used even if MCA doesn't relinquish ownershipKUALA LUMPUR (Bernama): The RM30mil allocation by the government to a trust fund managed by Tunku Abdul Rahman Alumni Association (TAA) is for the benefit of Tunku Abdul Rahman University College (TAR UC) and students of the institution, says Finance Minister Lim Guan Eng. for Alumni to host a grand annual alumni event? to spend 30 mil in one night? guanenglim. Take back your 30 mill. You lost here. You made yourself a fool. You think is Utar is so cheap..
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Guan Eng proposes trust fund for TAR UC but with conditionsFinance minister has been in a war of words with MCA president over a RM30 million matching grant for the MCA-controlled institution. FMTNews TARUC Splitting hairs & merely creating a '1 institution, 2 system'.
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