‘HRD Corp made bad bets’


KUALA LUMPUR: Suspicious real estate deals and high-risk investments were some of the issues identified by the Public Accounts Committee (PAC) in its report on Human Resources Development Corporation (HRD Corp).

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

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