| The Tunku Abdul Rahman University College issue has now become the interest of national debate with many versions and much spin surrounding the funding - or rather the renouncement of funding - for this institution which had been established way back on Feb 24, 1969 as a non-profit, private university college in Malaysia.
Since the 1970s, TAR UC started an annual building fundraising to seek money for buildings and campus expansions, and these public donations - including from eminent philanthropists - were carefully safeguarded and invested by TAR UC to grow its “nest eggs” that together with prudent management, created a healthy RM634 million cash reserve today.
In fact, this RM634 million reserve pales in comparison to the amount required to develop a blue-blood prestigious research university, like the US Massachusetts Institute Technology , that TAR UC aspires to become. To attract world class researchers and fund frontline groundbreaking research, TAR UC must have money.
In fact, TAR UC is much more heavily scrutinised by government agencies and ministries than any other university in Malaysia. It is highly unusual that TAR UC is now subject to so much political scrutiny when it had been so strictly regulated, and even more so now with the change in the administrative regime.
Therefore, if there was any issue with TAR UC’s management for the past 50 years, these government representatives would have highlighted it.Yet, when TAR UC continued to receive its matching grant under the previous government, there was no undue concern or objection from the government representatives.
And to browbeat the matter further, the government or rather Lim has now reportedly provided RM40 million to TAR UC through TAA, conditioned on MCA “letting go” of TAR UC. Therefore, TAR UC’s matching grant is a legally binding contract by the government to aid the institution directly and for the past five decades.
The government, above all, should not be seen as making a “backdoor reverse takeover” of TAR UC through an NGO or foundation because it cannot use the TAR UC name, acronym, or logo, which are the registered trademarks of its owners.
Then Chinese communities will emasculate the political castrator Gentlemanly if.
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