Ex-Tabung Haji CEO remanded 7 days
The man in his 60s is said to be a famous corporate figure who has held posts in several renowned companies in the country.
Former Tabung Haji CEO, a prominent corporate figure, was remanded for seven days in connection with the royal commission of inquiry report on the pilgrims fund. Dressed in MACC's orange lock-up attire and escorted by officers, he appeared at the Putrajaya magistrates’ court at 9:38am. The court granted the suspect's remand until August 27.
Seven individuals, including four former senior Tabung Haji management members, were arrested by the MACC to aid in their investigation. The commission found that Tabung Haji concealed the true state of its finances, with losses from troubled investments not being recorded and creative accounting used to justify annual profit distributions.
TH's financial issues stemmed from political interference in board appointments, unsustainable hibah payouts, and the national audit department softening its findings due to concerns about depositor confidence. The declassification of the report prompted investigations by the police and MACC.
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- Former Tabung Haji CEO remanded seven days as MACC RCI probe deepens thevibes.com
- Ex-Tabung Haji CEO remanded 7 days freemalaysiatoday.com
