RCI: TH recovery plan addresses RM12.6bil losses, but reforms still needed
KUALA LUMPUR, Aug 8 -- Lembaga Tabung Haji's restructuring and recovery plan successfully restored the institution’s financial position after addressing RM12.6…
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Summary
KUALA LUMPUR, Aug 8 (Bernama) -- Lembaga Tabung Haji's (TH) restructuring and recovery plan successfully restored the institution’s financial position after addressing RM12.6 billion in investment losses, while further reforms are needed to ensure its long-term sustainability, according to the findings of the Royal Commission of Inquiry (RCI). The institution also said UJSB had made several offers over the years to sell assets back to TH, although none met the institution's investment criteria at the time.
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KUALA LUMPUR, Aug 8 (Bernama) -- Lembaga Tabung Haji's (TH) restructuring and recovery plan successfully restored the institution’s financial position after addressing RM12.6 billion in investment losses, while further reforms are needed to ensure its long-term sustainability, according to the findings of the Royal Commission of Inquiry (RCI).
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The institution also said UJSB had made several offers over the years to sell assets back to TH, although none met the institution's investment criteria at the time.
according to Bernama
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