Asyraf rejects alleged links to TH’s troubled Al-Rawda investment
Tabung Haji’s failed investment in the Saudi Arabia-based company was the largest loss identified in the royal commission of inquiry report.
Umno secretary-general Asyraf Wajdi Dusuki has vehemently denied claims that he was tied to the troubled Al-Rawda investment by the Tabung Haji (TH). Despite being present at a 2017 signing ceremony for a 10-year lease extension agreement with Al-Rawda Real Estate Development and Project Management Co Ltd, Asyraf maintains he had no control over TH's decisions during his role as deputy religious affairs minister.
The Royal Commission of Inquiry (RCI) into TH's financial management from 2014 to 2020 revealed that seven out of the agency's 14 investments during the period led to total losses, with the Al-Rawda investment being the most significant. Asyraf explained that deputy ministers did not have the authority to interfere in TH's operations or approval processes, and that TH's CEO and management were responsible for the agency's day-to-day affairs. The RCI and enforcement agencies have never sought to question Asyraf about the matter, he added.
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- Asyraf rejects alleged links to TH’s troubled Al-Rawda investment freemalaysiatoday.com
