PETALING JAYA: The National Entrepreneurial Group Economic Fund (Tekun) recorded a loss of RM209.28mil at the end of 2015 due to several failed financing schemes, according to the 2016 Auditor-General's report.
From 1998 to June 2016, Tekun received a RM1.86bil loan from the Finance Ministry and another RM670mil grant from the Agriculture Ministryfor the purposes of the Economic Stimulus Package as well as to aid flood victims and for the Young Indian Entrepreneurs Development Scheme.
