Malaysia

MACC opens investigation into HRD Corp

Commission says special team ro interview several people.

Updated 1 year ago · Published on 06 Jul 2024 7:33PM

MACC opens investigation into HRD Corp
The Malaysian Anti-Corruption Commission says investigations into HRD Corp would be conducted under Sections 18 and 23 of the MACC Act 2009. – The Vibes file pic, July 6, 2024.

THE Malaysian Anti-Corruption Commission (MACC) has identified several individuals to be interviewed to assist investigations involving the Human Resources Development Corporation (HRD Corp) following revelations in the Auditor General's Report 2/2024.

MACC Deputy Chief Commissioner (Operations), Datuk Seri Ahmad Khusairi Yahaya, said the investigation team will also go to the Ministry of Human Resources (Kesuma) and HRD Corp this Tuesday to obtain related documents.

"We have received the audit report submitted by the secretary-general of Kesuma. Based on the audit report, we have identified several issues that require documents and evidence from the parties involved.

"Among them are investment issues, fund management and training, property purchases and so on. A special team has been formed and investigation papers have been opened," he said in a statement today.

The Auditor-General’s Department had on Thursday urged Kesuma to refer the management of HRD Corp to the relevant enforcement agencies after it failed its audit.

Auditor-General (AG) Datuk Wan Suraya Wan Mohd Radzi said auditors found mismanagement of hundreds of millions of ringgit involving training grants, investments and property purchases.

In the latest AG's Report, she pointed out that more than RM50 million in training grants were disbursed to the same person multiple times while auditors deemed more than 200 as 'suspicious'.

"Overall, the corporate governance of HRD Corp is unsatisfactory.

"Decisions made by HRD Corp management did not follow procedures and did not protect its interests to achieve its objectives,” she said in the report.

It was also reported that HRD Corp's investment panel failed to report substantial investment activities to its board of directors (BOD).

Khusairi added that the investigations would be conducted under Sections 18 and 23 of the MACC Act 2009. – The Vibes, July 6, 2024

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