Photo: Bernama
KUALA LUMPUR: The restructuring exercise of the financially turbulent Boustead Group is needed to resolve legacy issues and transform the Armed Forces Fund Board (LTAT) into a sustainable retirement fund that generates good dividends, says Datuk Seri Mohamad Hasan.
The Defence Minister said almost 50% of LTAT's investment funds are "trapped" in the Boustead Group and its performance is almost "entirely dependent" on Boustead's financial position.
