Bekas CEO Tabung Haji direman 7 hari

Former Tabung Haji executive director has been remanded in custody for seven days by Malaysia's Anti-Raub Corruption Commission (SPRM) to assist in the investigation of a report by the Royal Commission of Inquiry (RCI) into the institution. The 60-year-old arrived at the Federal Court of Malaysia at 9:38 am, wearing a green SPRM uniform and being escorted by agency officials.

The court permitted the suspect to be detained until August 27. The individual is a prominent corporate figure who has previously held executive positions in several top Malaysian companies. Prior to this, SPRM had detained seven individuals to assist in the investigation related to the RCI report, including four former senior management members of Tabung Haji.

The RCI was established to examine the management, operations, and assets of the institution from 2014 to 2020. The commission's main findings include the alleged failure to disclose the true financial condition of Tabung Haji, including undisclosed losses from poorly performing investments and the use of creative accounting methods to facilitate annual profit distributions.

The RCI also found financial problems rooted in political interference in the appointment of board members, unmeritorious allowances, and the Audit Department's underestimation of audit findings due to concerns about the integrity of the deposit base. This classified RCI report subsequently led to an investigation by the police and SPRM.