October 31, 2012
Koon Swan honored for Contributions to Politics and Business
by Teoh El Sen@http://www.freemalaysiatoday.com
Former MCA Chief Tan Koon Swan will be awarded a “Lifetime Achievement Award” for his contributions to politics and business at the 4th World Chinese Economic Forum (WCEF) next month, announced MCA President Dr Chua Soi Lek today.
Tan will be among seven others to be conferred the award at WCEF which will be held in Melbourne, Australia starting November 12.
Congratulating Tan, Chua said:”It is time for what we call redemption. He has gone through a very difficult time and he deserves the award. The prosecutor in his case has admitted to being wrong and has exonerated him… time has proven that he (Tan) is innocent.”
Chua added that it was high time that Tan, who he described as a “well-known corporate figure”, have his hard work and contributions recognised.
The Singapore Commercial Affairs Department (CAD) in 1985 slapped Tan with 15 charges, including criminal breach of trust (CBT) and share manipulation following the collapse of Pan-Electric
Industries, which temporarily halted the Malaysia and Singapore stock exchanges. Tan, who had a stake in Pan-Electric, was found guilty and jailed two years. He was MCA President between November 1985 and September 1986, before quitting after the scandal.
Glenn Knight, then Director of CAD, in his recently-launched book, “Glenn Knight: The Prosecutor”, apologised to Tan for the “wrongful prosecution”. In his words, Tan was “technically an innocent man”.
Knight’s book was disputed by Singapore’s Attorney-General’s Chambers (AGC), which said that Tan’s conviction stood and he remains guilty of the crime that he had admitted to.
Others receiving the lifetime awards are Dr Jonathan Choi– Chairman of the Chinese General Chamber of Commerce (for Community Leadership); Jannie Chan – Vice Chairman of The Hour Glass Ltd & President, ASEAN Business Forum(for Women Leadership);Councillor Ken Ong – Melbourne City Council (for Community Leadership); Jenny McGregor – Founding Chief
Executive Officer, Asialink Centre, Australia (for Leadership in Asian Studies in Australia); Vincent Lee Fook Long – Executive Deputy Chairman, The Star Publications (Malaysia) Berhad(for Media and Communications); Vincent Lo – Chairman, Shui On Group (for Leadership in Property Sector); Liew Kee Sin – President/Chief Executive Officer, SP Setia Berhad Group (for Property Development Leadership).
Meanwhile, Chua said the WCEF, being the first time held outside of Malaysia, was a very significant event for both Asians and Western countries.
“The way to go, as Australia has identified, is to maximise and tap into the growing economy of Asia, China, India, Japan, and South Korea. It is often said that the centre of gravity of the economy has shifted from the West to the East.
“The economic growth in the next few years is very positive about this part of the world, rather than America and European Union, who have not put their house in order. Whereas in Asia, growth has remained uninterrupted,” he said.