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PAC: LTAT too dependent on Boustead, needs overhaul

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The Armed Forces Fund Board (LTAT) is too dependent on Boustead Holdings Bhd (BHB), Public Accounts Committee (PAC) chairperson Mas Ermieyati Samsudin said today.

She called for the Defence Ministry and LTAT to take immediate action over the matter as BHB and its subsidiaries had increased the impairment risk of the fund’s value to 50 percent, or nearly RM5 billion.
Category
TV Saluran - TV Channel
Tags
Kinitv, Malaysia, politics
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