Amanah Raya must conduct audit into accumulated losses, says PAC

KUALA LUMPUR: Amanah Raya Bhd (ARB) must conduct an audit on its accumulated losses, especially related to the 56 units of properties in the investment project at Keppel Bay, Singapore, says the Public Accounts Committee (PAC).

PAC chairman Wong Kah Woh said the investment performance of Kumpulan Wang Bersama funds by ARB was not encouraging and had contributed to KWB's accumulated losses in 2019 of RM1.023bil.