| LATEST NEWS | TH’s financial problems could have been contained earlier if BNM warnings since 2014 had been properly addressed - Zulkifli | The government will not interfere or protect anyone; prosecution decisions rest entirely with the public prosecutor - MOF | The government stressed that TH’s losses resulting from financial and investment mismanagement before 2018 did not disappear - MOF | The government emphasises that TH depositors' savings are safe - MoF | Proposal to set up multi-agency task force to probe potentially loss-making TH investments being studied - Zulkifli | |
By Nurunnasihah Ahmad Rashid and Durratul Ain Ahmad Fuad
KUALA LUMPUR, Aug 11 (Bernama) -- Lembaga Tabung Haji (TH) incurred losses of nearly RM13 billion through 14 problematic investments, seven of which suffered losses of 100 per cent, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, Aug 11 (Bernama) – Lembaga Tabung Haji (TH) is continuing its efforts to obtain the remaining arbitration award from Saudi Arabia-based property developer and project management company Al-Rawda Real Estates Development & Project Management Co Ltd, including through asset tracing, after the company only paid 14.9 million Saudi riyal (one Saudi riyal = RM1.09) out of the 899 million Saudi riyal awarded.
KUALA LUMPUR, July 29 (Bernama) -- The Royal Commission of Inquiry (RCI) into the management and operations of Lembaga Tabung Haji (TH) has recommended a forensic audit into 14 past investment decisions that resulted in significant asset impairments at the Islamic pilgrimage fund.
