PAC: HRD Corp engaged in dubious real estate deals, high-risk investments


KUALA LUMPUR: The Public Accounts Committee (PAC) has found weaknesses in the management of Human Resources Development Corporation (HRD Corp), among them suspicious real estate deals and high-risk investments.

One of the suspicious real estate deals was the purchase of Menara Ikhlas for RM202.5mil in February 2021, where RM120mil was paid upfront as deposit to a company called Crystal Clear Technology.

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