RCI to scrutinise auditors’ reports on Tabung Haji

PUTRAJAYA: A Royal Commission of Inquiry looking into Lembaga Tabung Haji issues will, among others, recommend appropriate action to be taken against those who violated the law.

The RCI has been given three months to submit its report and recommend the next course of action to the government within three months.

Announcing this, Deputy Prime Minister Datuk Seri Ismail Sabri Yaakob said the setting up of the RCI was agreed upon at the Cabinet meeting yesterday.

Among terms that were agreed upon by the Cabinet was for the commission to focus on findings on Tabung Haji by auditors from PricewaterhouseCoopers (PwC), Ernst & Young (EY) and Roland Berger over a six-year span from 2014 to 2020.

However, the RCI’s scope would not include the ongoing Tabung Haji Recovery and Restructuring Plan, he added.

“The commission is also to determine whether there were elements of cover-up related to issues raised in the auditors’ findings and if there were those who had given misleading information, ” he said.

Ismail Sabri said recommendations to be submitted by the RCI on action against those involved would not affect investigation or legal action being carried out by other authorities or bodies.

“The Prime Minister’s Department will identify the proposed members of the RCI comprising experts in the field of syariah, legal, Islamic banking and investment.

“Details on the RCI’s terms and reference as well as its membership will be announced soon, ” he added.

He said the setting up of the RCI was necessary so that further investigation could be made on the issues that came up and for recommendations to be given to the government to repair Tabung Haji’s image and to boost public confidence towards the establishment.

“This is also to ensure there is an honest and transparent internal investigation to be carried out so that Tabung Haji can carry out its mandate in managing Muslims’ deposits professionally, ” said Ismail Sabri.

In December last year, Minister in the Prime Minister’s Department Datuk Seri Dr Zulkifli Mohamad Al-Bakri told Parliament that the government was still deliberating all aspects of the calls to form an RCI to investigate alleged misappropriation of funds in Tabung Haji.

Tabung Haji group managing director and chief executive officer Datuk Seri Amrin Awaluddin said Tabung Haji would give its full support to the RCI.

“Tabung Haji is of the opinion that views and results of the investigation by the commission will help us improve in terms of management and governance, ” he said.

Amrin pointed out that governance and integrity were important to Tabung Haji so that the public could have confidence in the institution.

“We have and will continue to strive to implement further improvements towards our operations and governance for the interest of our depositors, ” he added.

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