Ex-TH chairman, ex-Treasury sec-gen released after 7-day remand
A source says MACC investigators have completed taking statements from the two.
A former Tabung Haji chairman and a former Treasury secretary-general have been released from Malaysian Anti-Corruption Commission (MACC) remand after seven days. The remand order, which began on August 27th, has now expired and they were released this morning. These arrests are part of a broader investigation following the declassification of the royal commission of inquiry (RCI) report on Tabung Haji's management, operations, and assets from 2014 to 2020.
According to the RCI, there were significant issues with Tabung Haji's financial management. Losses from troubled investments were not properly recorded, and "creative accounting" was used to justify annual profit distributions. The commission traced the root of Tabung Haji's financial troubles to political interference in board appointments, unsustainable hibah (charitable) payouts, and the national audit department's decision to soften its findings due to concerns about losing depositor confidence.
The former TH CEO was also among those arrested and remanded. The MACC Chief Commissioner, Abd Halim Aman, indicated that the case is being investigated under Section 23 of the MACC Act, which pertains to abusing one's position to obtain gratification.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
