Bank Negara first raised alarm about Tabung Haji's finances in 2015

Although the transaction was concluded at RM703.44 per sq ft (psf), a source said the special-purpose vehicle (SPV) created by the MoF to undertake the transaction had initially wanted

PETALING JAYA: Bank Negara (BNM) had raised the alarm about the state of Tabung Haji’s finances in late 2015 to then-Minister in the Prime Minister’s Office Datuk Seri Jamil Khir Baharom.

In a Dec 23 letter to Jamil Khir, who was in charge of religious affairs, then-BNM Governor Tan Sri Zeti Akhtar Aziz warned that Lembaga Tabung Haji (TH) was paying out dividends and bonuses using its reserves since 2012.