#Update 2* CHGS counting starts; founder may win at EGM

  • Karpal and I never quarrelled even though we belonged to different parties, says Ling
    Karpal and I never quarrelled even though we belonged to different parties, says Ling

    Bukit Gelugor MP Karpal Singh and former transport minister Tun Dr Ling Liong Sik never quarrelled or fought, despite being in different parties with competing ideas about politics. This was because the former MCA chairman and the late DAP stalwart had forged a friendship at university, which Dr Ling said stood the tests that politics threw at... …

  • Law students hold candlelight vigil for Karpal
    Law students hold candlelight vigil for Karpal

    A group of first-year law students held a candlelight vigil at the Esplanade in George Town, Penang, tonight for their idol, the late Bukit Gelugor MP Karpal Singh. The students had planned an impromptu vigil for Karpal, who they credited with inspiring them to take up law as a career choice. “We planned the event on Facebook and word got... …

  • Michael Cornelius — Karpal’s loyal ‘other half’
    Michael Cornelius — Karpal’s loyal ‘other half’

    GEORGE TOWN, April 18 — Karpal Singh’s loyal aide Michael Cornelius Selvam Vellu, who also died in the accident that killed Karpal yesterday, was almost like Karpal’s “other half”. The trained... …

  • Umno lawyer calls Karpal ‘one of the most ethical criminal lawyers’
    Umno lawyer calls Karpal ‘one of the most ethical criminal lawyers’

    Umno lawyer Tan Sri Muhammad Shafee Abdullah had plenty of encounters in the courts with the late Karpal Singh but today, he paid tribute to the veteran lawyer who died in an accident yesterday. Shafee said Karpal was “one of the most ethical criminal lawyers” he used to appear with while acting as deputy public prosecutor or counsel for the... …

  • Gerakan calls Karpal elder statesman, Samy Vellu cries over news of death
    Gerakan calls Karpal elder statesman, Samy Vellu cries over news of death

    In an ultimate accolade, Gerakan, DAP’s political rival in Penang, today praised Karpal Singh as an elder statesman and a true Malaysian. State Gerakan deputy president Datuk Dr Cheah Soon Hai said Karpal was one of the few people in the country who had left a legacy. He said the former DAP chairman was a legend in both the political and... …

  • Abdullah pays tribute to Karpal’s life of service – Bernama
    Abdullah pays tribute to Karpal’s life of service – Bernama

    Former prime minister Tun Abdullah Ahmad Badawi said Karpal Singh, who died in a road accident yesterday, led a life of tireless commitment and service to the people.  “We are poorer for the loss of a great legal mind and a crusader for justice and human rights," he said as he extended condolences to the family of the former DAP chairman and... …

KUALA LUMPUR (Feb 8): The termination of the Country Heights Growers Scheme (CHGS) may well go ahead, with many shareholders eager to take Tan Sri Lee Kim Yew’s "goodwill" offer and cut their investment losses.

Lee's offer is welcomed by many shareholders as an easy way out of the failing scheme. But many did not get to know what they came for – an answer on the scheme's failure.

Lee evaded questions calling for him to explain the failure of the scheme. Among the questions left unanswered was one requesting for the original projected fresh fruit bunch yield of the palm oil plantations in Gua Musang, Kelantan.

"I don't want to talk about why the yield is so bad. I just want to establish that the bad yield is the trust, so shareholders can

determine if they want to terminate the scheme," said Lee amid a tensed meeting with disgruntled shareholders.

Lee also encountered resistance from a small pocket of shareholders who were dissatisfied with the last minute nature of Lee's offer. They called for the vote to be postponed to a later date so that Lee's offer could be included in the circular.

Lee however noted that his offer was made strictly in his personal capacity and not part of the resolution today. On top of that, his “goodwill” package is conditional upon the resolutions being passed today.

Some shareholders said that they felt bullied into making the

decision, but were contented with the offer as it would allow them to get their money back within six months instead of two years.

After a long three-hour meeting peppered with emotionally charged discussions, shareholder made a disorderly exit, cast their votes, and went for lunch.

Lee's goodwill offer was to return 90% of shareholder's capital to them within six months, as well as a RM25 million payout which works out to be 11.6% yield.

"If I can recover all my capital, it is enough for me. Including the RM25 million sweetener and the yield I have been collecting since the scheme started, my investment has returned about 60%," said one shareholder.

Some other shareholders were skeptical about Lee's personal guarantee to return the funds promptly, but Lee insisted that he would be able to pay the monies back to shareholders.

Voting on the resolution to terminate the scheme ended at 3 pm and counting of the ballots has just started. The outcome is expected to be known soon.

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  • Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy The Malay Mail Online
    Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy

    KUALA LUMPUR, April 18 — A feud is breaking out between former Perkasa vice president Datuk Zulkifli Noordin and Umno Youth chief Khairy Jamaluddin on Twitter. Told unequivocally by the minister... …

  • Langkawi BN MP pokes fun at Karpal Singh’s remains The Malaysian Insider
    Langkawi BN MP pokes fun at Karpal Singh’s remains

    As the nation mourns the passing of a great politician, BN MP Datuk Nawawi Ahmad insulted the late Karpal Singh by posting a picture of the veteran politician's blood-smeared face as he lay in his Toyota Alphard following a tragic accident this morning. Along with the Facebook picture was a newspaper cutting on Karpal being opposed to the... …

  • Karpal’s car crashed into lorry, not the other way around, says Perak police The Malaysian Insider
    Karpal’s car crashed into lorry, not the other way around, says Perak police

    Initial investigations have revealed that Karpal Singh’s Toyota Alphard crashed into a five-ton lorry in the accident yesterday that claimed his life and that of his assistant, Perak police said today. State police chief Datuk Acryl Sani Abdullah Sani also dismissed rumours and speculation that the accident was caused by the lorry crashing... …