+A -A
KUALA LUMPUR, 14 JULY: Under the Commissions of Enquiry Act 1950 (Act 119), the government would appoint a Royal Commission of Inquiry (RCI) to look into matters relating to Lembaga Tabung Haji (LTH).
The matter was decided upon at today’s Cabinet meeting, according to Deputy Prime Minister Datuk Seri Ismail Sabri Yaakob, following difficulties originating from audits conducted by consultants like as PricewaterhouseCoopers, Ernst & Young, and Roland Berger between 2014 and 2020.
“It is appropriate to establish the RCI so that further investigations can be conducted on the issues raised and relevant suggestions can be provided to the Government to restore the people of LTH’s image and confidence,” he said in a statement today.
The RCI would also ensure that an internal investigation may be conducted in an open and trustworthy manner to confirm that LTH followed out its mandate competently in managing Muslim deposits, he added.
According to Ismail Sabri, one of the terms agreed upon by the Cabinet was that the RCI’s scope would be limited to the consultants’ conclusions on concerns originating from LTH from 2014 to 2020, but not the present LTH Restructuring and Rehabilitation Plan.
Sign up for an email alert at 3 p.m.
Every day, we send you news to your mailbox.
Videos in the spotlight
CALL IN THE MORNING: 14/7/21
EVENING 5: The number of new Covid-19 cases has surpassed the five-figure mark.
CALL IN THE MORNING: 13/7/21
EVENING 5: Mohd Bakke is the chairman of Petronas.
WEEKLY EDGE: Managing Tenaga in a Changing Environment
CALL IN THE MORNING: 12/07/21
EVENING 5: 1MDB and the Malaysian government file a US$5.64 billion lawsuit against KPMG.
CALL IN THE MORNING: 09/07/21
EVENING 5: Bank Negara maintains its OPR of 1.75 percent.
CALL IN THE MORNING: 08/07/21/n
Read More
