[UPDATED] PAC to begin probe into TH governance, financial and investment weaknesses

The Parliament's Public Accounts Committee (PAC) has unanimously agreed to initiate an investigation into governance, financial, and investment weaknesses at Lembaga Tabung Haji (TH), following the release of the Royal Commission of Inquiry (RCI) report on TH's management and operations from 2014 to 2020. The PAC's decision, led by its chairperson Datuk Wira Mas Ermieyati Samsudin, aims to address the concerns raised by the RCI report, which could potentially erode the confidence of Muslims in the country.

The committee, with its bipartisan nature, has the mandate under the Standing Orders of the Dewan Rakyat, Treasury Instructions, and General Circular No. 1 to initiate proceedings on the matter. The specifics of the title, terms of reference, and list of witnesses for the LTH proceedings are yet to be determined. The PAC has extensive experience in investigating major and sensitive issues, including the 1Malaysia Development Bhd (1MDB) proceedings, the GST refund arrears, and the procurement of the Royal Malaysian Navy's second-generation Littoral Combat Ships.

To ensure a comprehensive, transparent, and accountable investigation, PAC will refer to the RCI report, Auditor-General's reports, and PwC audit reports during its proceedings.

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