Uncertain future: As pilgrims hopefuls wait for their chance to perform the haj, consultants have highlighted that TH was sitting on up to RM10.2bil in losses of its domestic and international equities as of October this year.
PETALING JAYA: Over-stated profits, over-stated value of assets, an unbalanced profile of depositors and questionable transactions were all uncovered in the review of the financial position of Lembaga Tabung Haji (TH).
The consultants highlighted that TH was sitting on up to RM10.2bil in losses of its domestic and international equities as of October this year and its liabilities outstripped assets by RM9bil.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
