Former Tabung Haji CEO remanded seven days as MACC RCI probe deepens
A FORMER chief executive of Lembaga Tabung Haji (TH) has been remanded for seven days as the Malaysian Anti-Corruption Commission (MACC) intensifies its investigation into alleged wrongdoing uncovered in the pilgrimage fund’s Royal Commission of Inqu...
Former Tabung Haji CEO, a prominent corporate figure in his 60s, appeared at the Putrajaya magistrates’ court on August 26, 2023, at 9:38am. Dressed in the orange attire of Malaysia’s anti-graft agency, MACC, he was escorted by MACC officers. The court granted a seven-day remand, with the suspect set to be held until August 27, according to a Berita Harian report.
The MACC obtained the remand order in connection with the royal commission of inquiry (RCI) report on the pilgrims fund. Seven individuals, including four former senior TH management members, were arrested by the commission to aid their investigation. The RCI probe spanned TH’s management, operations, and assets from 2014 to 2020.
The commission’s key findings included the concealment of TH’s true financial state, with losses from troubled investments omitted and creative accounting used to justify annual profit distributions. Political interference in board appointments, unsustainable hibah (charitable) payouts, and the national audit department downplaying findings due to depositor confidence concerns were also identified as contributing factors.
The declassification of the RCI report triggered police and MACC investigations.
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- Ex-Tabung Haji CEO remanded 7 days freemalaysiatoday.com
