UMNO leaders urge RCI be formed to probe allegation on LTH’s financial misappropriation

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UMNO Vice President Datuk Seri Mohamed Khaled Nordin Pic MalaysiaPost.Biz
Mohamed Khaled Nordin-Pic MalaysiaPost.Biz

KUALA LUMPUR: UMNO leaders urged for a Royal Commission of Inquiry (RCI) to be formed immediately to probe the alleged financial misappropriation in Lembaga Tabung Haji (LTH) as it is a public institution and very critical to the Malays and Muslims.

UMNO Vice President Datuk Seri Mohamed Khaled Nordin (pic) said today he supports the call by Deputy President, Datuk Seri Mohamad Hasan to investigate, confirm and explain in the most transparent and detailed manner the LTH’s financial practices and position.

Mohamed Khaled said, there should not be any compromise and prolonging in providing explanation and justice to this serious matter.

“Anyone found guilty must face a heavy penalty,” he added.

He also emphasized that the RCI is the best platform to find the truth and the real financial situation of LTH since there are many versions on the financial report.

Earlier the former LTH Chairman Datuk Seri Abdul Azeez Abdul Rahim accused Minister in the Prime Minister’s Department, Datuk Seri Mujahid Yusof  Rawa of disregarding an audit of LTH’s assets that contradicted  the latter’s claim the pilgrims’ fund of RM4 billion was missing.

 Abdul Azeez said Mujahid had misled the public by accusing the pilgrimage fund of illegally paying dividends (hibah) to its depositors.  

The Member of Parliament for Baling said that for 2017, TH’s real value asset was RM74.7 billion compared to the aggregate liability, including the payment for dividend in 2017 of RM74.4 billion which showed that the fund had a excess of RM373 million.

Abdul Aziz was responding to Mujahid who cited that the 2017 report of PricewaterhouseCoopers (PwC) that showed the fund to be balance-sheet insolvent as its RM70.3 billion in assets was RM4.1 billion less than prevailing liabilities.

Aziz said, PwC financial report was made on August 2017 and was given to  the parliamentarians yesterday including the Ernst & Young report that shows TH’s assets exceeding its liabilities for three years 2015, 2016 and 2017.

“PwC just came in for financial review in August when the share and property markets were different. The audit report by PwC did not include the assets based on current market value,” he said to the media today.  

He added TH’s dividend payments was not against the Tabung Haji Act 1995  and urged the matter should not be politicized as it involves the Muslims in the country.

“The matter should be discussed amicably and I will cooperate for the benefit of the people.- Malaysia World News     

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