7 of TH’s 14 troubled investments ended in total losses
Finance minister II Amir Hamzah Azizan says the 14 investments cost Tabung Haji and the government nearly RM13 billion.
Finance Minister II Amir Hamzah Azizan disclosed during a special session in the Dewan Rakyat that seven out of the 14 troubled investments examined by the royal commission of inquiry into Tabung Haji's financial management ended in complete losses. The inquiry scrutinized the pilgrims' fund's management from 2014 to 2020. Amir reported that these 14 investments resulted in a combined loss of nearly RM13 billion.
The government provided a bailout of RM10.2 billion in 2018, while Tabung Haji itself incurred an additional RM2.6 billion from 2018 to 2025. Amir clarified that these losses were not merely a result of market conditions, as some investments proceeded despite insufficient due diligence, inadequate safeguards, and warnings from the fund's own officials.
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