KUALA LUMPUR: High-risk investments due to the pressure to declare high dividends had resulted in billions of ringgit in losses, breaches of accounting standards and financial reporting that did not reflect the actual position of Lembaga Tabung Haji— were among the issues flagged by the Royal Commission of Inquiry (RCI).
Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hassan, during his briefing in the Dewan Rakyat on Tuesday(Aug 11), said the RCI report identified 14 problematic investments, including Putrajaya Perdana, Al-Rawda, PT TH Indo Plantations (THIP), Trurich and FGV, which involved the interests of certain parties.
