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Lembaga Tabung Haji effectively paid dividends (hibah) using depositor's savings, according to a financial position review for 2017 by independent audit firm PriceWaterhouseCoopers (PwC).
On paper, however, the pilgrimage fund structured two deals to give the impression that these dividends were coming from profits, according to the financial position review which was tabled in the Dewan Rakyat today.
Minister in the Prime Minister's Department Mujahid Yusof Rawa also confirmed reports that Tabung Haji (TH) has a RM4.1 billion deficit in terms of assets as of 2017 but paid out dividends (hibah) anyway, in contravention of the law.
On paper, however, the pilgrimage fund structured two deals to give the impression that these dividends were coming from profits, according to the financial position review which was tabled in the Dewan Rakyat today.
Minister in the Prime Minister's Department Mujahid Yusof Rawa also confirmed reports that Tabung Haji (TH) has a RM4.1 billion deficit in terms of assets as of 2017 but paid out dividends (hibah) anyway, in contravention of the law.
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- TV Saluran - TV Channel
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