Gatco settlers file report with MACC

Ravi-Rathinam-1

PETALING JAYA: Great Alonioners Trading Corporation Bhd (Gatco) settlers have filed a report with anti-graft authorities to investigate the possibility of corruption in a sales and purchase agreement between Thamarai Holdings Sdn Bhd, and K Jayapalasingam and Yong Yoon Shing.

Thamarai Holdings is the claimant to the property while Jayapalasingam and Yong are the liquidators.

Speaking to FMT, Jelebu MIC vice-chairman Ravi Rathinam, who is the son of one of the settlers, said the Gatco settlers felt more hopeful now that they had talked with the Malaysian Anti-Corruption Commission (MACC).

“MACC took our complaints and listened to our explanations for almost 90 minutes,” he said.

“They told us a file will be created and a reference number given to us. They will also update us on their next course of action.”

The meeting was held earlier today at the MACC headquarters in Putrajaya.

The land in question was leased to Gatco in 1977 by the Negeri Sembilan State Economic Development Corporation (SEDC).

The land was reportedly converted by the National Union of Plantation Workers (NUPW) into a land scheme for members. NUPW owns Gatco.

The villagers paid RM7,600 each as deposit before working on the land.

According to the facts of the case, the scheme failed and Gatco was forced to take loans from two finance companies.

A third party served a winding-up petition on Gatco in 1996. It was wound up that same year.

Despite the company being wound up, the appointed liquidators sold the land in 2006, which was bought by Thamarai.

The lawsuit by the settlers was struck out by the High Court. The Court of Appeal, in reversing the decision made in 2014, ordered the lawsuit to be reinstated.

The High Court then ruled in favour of the liquidators and the company.

In November last year, the settlers filed an appeal against the High Court dismissing their lawsuit claim over the disputed land.