Ex-Tabung Haji chairman accuses Mujahid of misleading public, says fund's assets exceed liabilities

KUALA LUMPUR: Former Lembaga Tabung Haji (TH) chairman Datuk Seri Abdul Azeez Abdul Rahim has accused Datuk Seri Dr Mujahid Yusof Rawa of misleading the public by accusing the pilgrimage fund of illegally paying dividends (hibah) to its depositors.

According to Abdul Azeez, the recent revelation made by Dr Mujahid that Tabung Haji has a total deficit of RM4.1bil as of Dec 31, 2017, was inaccurate as it did not take into account a report by Ernst & Young (E&Y), which had valued the pilgrimage fund’s realisable asset value as exceeding its liabilities.