Sharp, essential news and analysis from Malaysia.
Depositors of Lembaga Tabung Haji have praised the government's disclosure of a Royal Commission of Inquiry report, viewing it as a courageous initiative to rebuild institutional integrity and public confidence following governance weaknesses.
Tabung Haji has successfully addressed RM12.6 billion in accumulated investment losses through a 2018 government-backed recovery plan involving asset sales and ongoing loss recognition, allowing the institution to restore profitability and rebuild reserves.
Academic experts are urging the government to promptly release the Royal Commission of Inquiry report on Tabung Haji, emphasizing the need to establish accountability, protect depositors, and strengthen institutional governance without compromising legal proceedings.