Business, markets and economy news from Malaysia.
The Malaysian Anti-Corruption Commission has initiated a formal investigation into findings from the Royal Commission of Inquiry on Tabung Haji, deploying investigative teams to the pilgrimage fund's headquarters in a significant development.
The Malaysian Cabinet has approved the public release of the Royal Commission of Inquiry report on Tabung Haji, covering 2014 to 2020. The report contains 25 recommendations, of which TH management has implemented 75 per cent.
Malaysia's anti-corruption agency has created a dedicated team to scrutinise the newly released Tabung Haji Royal Commission report, examining potential corruption and financial misconduct allegations spanning 2014-2020.
Pakatan Harapan has called for immediate legal action against those implicated in misconduct at Tabung Haji following the release of a Royal Commission of Inquiry report, emphasizing the need to protect nine million depositors' interests.
Prime Minister Anwar Ibrahim has defended the government's decision to release the Royal Commission of Inquiry report on Tabung Haji, framing it as a matter of protecting millions of Muslim depositors rather than partisan politics.
Malaysia's Cabinet has approved the public release of a Royal Commission of Inquiry report examining Tabung Haji's financial troubles between 2014 and 2020. The move signals confidence in the pilgrims' fund board's recovery after a RM19.6 billion government bailout.
Malaysia's Cabinet will consider making public the Royal Commission of Inquiry report on Tabung Haji following controversy over asset sales. Minister Dr Zulkifli Hasan clarified that the 2018 bailout was a rescue operation, not asset liquidation.
Communications Minister Datuk Seri Fahmi Fadzil has urged the government to release the Royal Commission of Inquiry report on Tabung Haji publicly, citing transparency and fairness principles. Prime Minister Anwar Ibrahim indicated the report would be made available within days.
Deputy Prime Minister Ahmad Zahid has declared that no individual will be spared legal consequences if implicated in the Tabung Haji Royal Commission report, as the government prepares to make findings public.