CAP calls for prosecution of 'Malaysian Epstein Class' over Tabung Haji scandal
GEORGE TOWN: The Consumers’ Association of Penang (CAP) has called for sweeping prosecutions after the Tabung Haji (TH) Royal Commission of Inquiry (RCI) exposed serious governance and accounting failures.
The Consumers Association of Penang (CAP) has called for the prosecution of a group likened to the "Malaysian Epstein Class" following the Tabung Haji (TH) Royal Commission of Inquiry (RCI) report. This class comprises political, professional, regulatory, and institutional figures who are alleged to have enabled the mismanagement of TH's depositors' funds.
The RCI report, declassified on July 29, exposed governance and accounting failures within the institution that managed Muslim depositors' funds for Hajj pilgrimage preparation between 2014 and 2020. CAP president Mohideen Abdul Kader criticized the scandal as a product of a wider institutional culture, rather than isolated misconduct.
The report found that TH should have reported a RM1.4 billion net loss in 2017, not a RM3.4 billion profit, and that the institution had been operating with a deficit since 2014. CAP has urged Parliament to issue a bipartisan censure, and for all implicated individuals to face investigation and prosecution, rather than focusing solely on senior management.
The scandal has damaged public confidence in TH, an institution meant to safeguard Muslim savings for Hajj.
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