PUTRAJAYA: Allegations of impropriety within the National Cooperatives Organisation of Malaysia (Angkasa) is baseless as three audits show “not a single sen is missing from the organisation”.
Angkasa acting president Prof Dr Ali Baharom said three audits – internal, external and later by the Malaysian Co-operative Commission – had verified the account books were in order.
Dr Ali said the accounts would be presented to its members during Angkasa’s annual general meeting today so that “everything is clear, transparent and in the open”.
Asked on former Angkasa president Royal Professor Ungku Aziz Ungku Abdul Hamid’s resignation, Dr Ali said he was free to do so.
On Wednesday, Ungku Aziz, who had helmed the organisation for 37 years, resigned as president ahead of its elections today.
Ungku Aziz was removed as president in March last year following a vote of no-confidence against him by board members in the wake of investigations initiated by him against two senior board members for alleged impropriety. However, he was reinstated to the post in May.
Earlier when opening a cooperative expo, deputy Entrepreneurial Development and Co-operative Minister Datuk Saifuddin Abdullah said cooperatives could play a bigger role as currently it only contributed 1% of the GDP.
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