Revamps needed for long-term gain

THE exposé of the mismanagement that has taken place at the various institutions has been staggering. The revelations of the shenanigans that took place in Lembaga Tabung Haji (TH), Felda and Lembaga Tabung Angkatan Tentera (LTAT) showed the extent of how past dealings were made with disregard to proper governance and transparency.

Shady deals being struck and books being cooked were some of the findings at these institutions, which hid the extent of losses from the squandering of money to give the perception that all was well.