‘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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Cops identify two victims of car fire at Jitra toll plaza
Review underway on proposed amendments to Federal Capital Act
Sinkhole found in Bayan Lepas side lane, road closed six days
Cops detain 15 illegal immigrants from Myanmar in Kota Baru
Woman loses RM166,000 to fake investment scheme
Police issue 128 campaign permits for Kinabatangan, Lamag by-elections
Kelantan JPJ to conduct random checks on 'RXZ Forever Legend' participants
Rubber tapper escapes gallows, sent to jail for double murder
Sarawak-owned AirBorneo setting up flights to Peninsula in 2026, South-East Asia routes in 2027
Singapore to set up consulates in Sarawak, Sabah

Others Also Read