In-depth reporting on Malaysia and the region.
Tabung Haji accumulated nearly RM13 billion in losses through 14 failed investments, seven of which were complete write-offs, according to Finance Minister Amir Hamzah during parliamentary debate on a Royal Commission of Inquiry report.
Port Dickson MP Datuk Seri Aminuddin Harun has called for fair assessment of Tabung Haji's investment losses, arguing not all stem from misconduct. He advocates stricter board appointment criteria and prohibiting active politicians from leadership roles.
Prime Minister Anwar Ibrahim has defended the Employees Provident Fund's investment strategy following losses in eFishery, arguing that the fund's substantial annual profit margins far outweigh individual setbacks.