KJ says new Tabung Haji RCI premature
KUALA LUMPUR: Former Umno Youth chief Khairy Jamaluddin says it is premature to establish a new Royal Commission of Inquiry (RCI) into Tabung Haji.
Former Umno Youth chief Khairy Jamaluddin has criticized the call for a new Royal Commission of Inquiry (RCI) into Tabung Haji, stating it is premature. He suggested that a detailed management report or audit should first assess why the fund's asset recovery plan has fallen short. Khairy emphasized that the underperformance of assets transferred to Urusharta Jamaah Sdn Bhd (UJSB) does not automatically warrant another RCI, as it remains unclear whether the assets are unrecoverable or if the recovery plan has failed.
He proposed that such an assessment could establish whether the assets are already too weak to recover or if the recovery plan has simply failed in its execution. If the assets are deemed unrecoverable or the recovery plan has failed, then the issue would likely be one of execution based on the plan rather than misappropriation.
Khairy dismissed suggestions that the problem indicated misappropriation, attributing the issues instead to weaknesses in management, governance, and investment decisions.
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