Nurhisham sees déjà vu in Tabung Haji RCI findings
The economic adviser to the Prime Minister’s Office says the issues plaguing the pilgrims’ fund were similar to those faced by FGV Holdings Bhd, a unit of Felda.
Economic advisor Nurhisham Hussein commented on the recent Tabung Haji Royal Commission of Inquiry (RCI) report, expressing a sense of déjà vu. He noted issues with Tabung Haji (TH) and FGV Holdings Bhd being similar to what occurred with FGV Holdings. During a dialogue at Himpunan Gerakan Islam Malaysia, Hussain detailed that TH assets were purchased at inflated prices without proper security and due diligence.
He also mentioned the RCI report revealed TH faced financial strain due to excessive hibah commitments, questionable accounting, weak oversight, ambitious investments, and growing subsidy obligations between 2014 and 2020. Despite concerns about the government's ability to manage the debt, Hussain reassured that Malaysia has always honored its financial commitments.
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- Nurhisham sees déjà vu in Tabung Haji RCI findings freemalaysiatoday.com
