AG Report: AmanahRaya fund management inefficient


Amanahraya building

KUALA LUMPUR: AmanahRaya Bhd’s fund management was found to be inefficient as the fund had experienced a deficit from 2008 to 2019, according to the Auditor General Report (LKAN) 2019 Series 1.

The report, which was tabled in the Parliament today, concluded that the current year's net income could not cover the total income distribution, and the investment performance of the Kumpulan Wang Bersama (KWB) was also inefficient.

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