Ismail Sabri: Cabinet agrees on RCI into Tabung Haji audit scandal

KUALA LUMPUR : The Cabinet has agreed to set up a Royal Commission of Inquiry (RCI) over pilgrims’ fund Lembaga Tabung Haji (LTH) audit issues and allegations of mismanagement.

Deputy Prime Minister Datuk Seri Ismail Sabri Yaakob said the Prime Minister’s Department will identify a list of members for the RCI, consisting of experts in Shariah and civil laws, Islamic banking and investment.

“Details regarding the establishment in terms of terms and references as well as RCI membership will be announced in the nearest future,” he said in a brief statement.

According to Ismail Sabri, the scope of the RCI will focus on the findings of the consultant on issues arising from LTH from 2014 to 2020 but does not include the Recovery Plan and LTH Restructuring which is being implemented at this time.

Deputy Prime Minister Datuk Seri Ismail Sabri Yaakob said the RCI would also determine whether there was a cover-up of information on the issues raised and misleading statements, besides also submitting a review report and recommendations on follow-up actions to the government, if necessary, within three months. ― Picture by Yusof Mat Isa
Deputy Prime Minister Datuk Seri Ismail Sabri Yaakob said the RCI would also determine whether there was a cover-up of information on the issues raised and misleading statements, besides also submitting a review report and recommendations on follow-up actions to the government, if necessary, within three months. ― Picture by Yusof Mat Isa

The RCI, when set up, will then determine if there are actions of covering up regarding the issues or any confusing statements about the matter and will recommend actions to be taken to those who are found responsible in three months.

“The establishment of this RCI is necessary so that further investigations can be made on the matters raised and appropriate recommendations can be submitted to the government to restore the image and confidence of the people in the authority of LTH.

“This is also to ensure a transparent and trustworthy internal investigation is carried out to ensure that LTH has carried out its mandate professionally in managing Muslims’ deposits,” he said.

The RCI will be formed under the Commission of Inquiry Act 1950.

Former minister in charge of Islamic affairs Datuk Seri Mujahid Yusof Rawa had previously alleged misconduct by TH’s previous management under former chairman Datuk Seri Abdul Azeez Abdul Rahim from Umno.

Mujahid had in 2018 cited a 2017 report by auditor PricewaterhouseCoopers that showed the fund to be balance-sheet insolvent as its RM70.3 billion in assets was RM4.1 billion less than prevailing liabilities.

By : RADZI RAZAK – MALAY MAIL

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s