Urgent.News

the world's headlines, one feed

Editions

World

Zahid chairs BN briefing on Tabung Haji RCI report, PN leaders also attend

KUALA LUMPUR: Senior Barisan Nasional leaders attended a closed-door special briefing at Umno headquarters here on the declassified Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH).

Zahid chairs BN briefing on Tabung Haji RCI report, PN leaders also attend

The Malaysian government has declassified and released the 252-page Royal Commission of Inquiry (RCI) report on the Tabung Haji (TH) management from 2014 to 2020. The report, chaired by BN chairman Dr Ahmad Zahid Hamidi, was attended by senior leaders from Barisan Nasional (BN) and Perikatan Nasional (PN), including PN secretary-general Takiyuddin Hassan and Pas MPs.

The findings reveal that TH reported a RM3.4 billion profit in 2017 while recording a net loss of RM1.4 billion, with international consulting firm Roland Berger raising concerns about TH's financial practices in 2017. The report also traced TH's financial problems to political interference in board appointments, unsustainable hibah payouts, and the National Audit Department's softening of findings to maintain depositor confidence.

In response to the report, the Malaysian Anti-Corruption Commission (MACC) has detained five individuals, and police have opened five commercial crime investigation files.

Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.

Read the original at nst.com.my →

More in World