Monday, February 13, 2012

Update on Teoh Beng Hock's Trust Fund

As at December 23, 2011, donations for Teoh Beng Hock Trust Fund totaled RM513,405.30 while disbursements for living expenses of Beng Hock’s son Er Jia amounted to RM40,245.50.

RM30,004.40 was disbursed for purchasing education insurance for Er Jia (with payments in 2011 and 2012 amounted to RM15,002.25 and 15,002.15 respectively) and also RM3,602.15 was paid for a medical insurance.

The purpose of purchasing the education insurance is to ensure that when Er Jia attains the age of 18, he will be able to afford his education expenses, which by then would be very expensive; we are paying RM15,010 annually over 15 years whereby the total payments would amount to RM225,001.50.

However, upon the maturity of the insurance scheme, the expected return is estimated to be at RM330,177 to RM407,470 and it is a long term investment.

The Trust Fund continues to receive donations from kind hearted people, most of them donated anonymously. I wish to express my gratitude for their kind deeds and promise to administer the funds properly.

The people are still waiting for justice for Beng Hock, I hope all Malaysians will continue to lend their support to the Teoh family.

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