Malaysia

Govt must include senators in TH RCI: Dewan Negara caucus

Investigations into alleged cover-up have to be transparent, rebuild fund’s image

Updated 5 years ago · Published on 16 Jul 2021 1:27PM

Govt must include senators in TH RCI: Dewan Negara caucus
Chairman of the Dewan Negara People’s Well-being Caucus Datuk Razali Idris says Lembaga Tabung Haji’s international reputation is at stake, this must be rectified promptly. – Bernama pic, July 16, 2021

KUALA LUMPUR – The Dewan Negara People’s Well-being Caucus today proposed for members of the Senate to be appointed to the royal commission of inquiry (RCI) to investigate allegations of misconduct in the management of Lembaga Tabung Haji (TH).

Its chairman, Senator Datuk Razali Idris said in a statement today that hopefully the setting up of the RCI would restore and rebuild the reputation of Tabung Haji as the Islamic financial conglomerate in Malaysia and the global arena.

“Through the RCI, TH is expected to restore its image and rebuild a world-recognised identity as an exemplary model in haj management and Islamic financial services among Islamic countries.

“In this matter, the Senate Caucus on People’s Well-being is confident that the RCI investigation will enable TH, which has more than 50 years of experience in deposits, services, and haj operations as well as fund investments, to give a reliable return of trust to more than 10 million depositors,” he said.

Razali, who is also the Malaysian Senators’ Council deputy president, said the depositors have the absolute right through the RCI to obtain accurate information on TH’s governance, integrity and operations for the period in question, which was between 2014 to 2020.

The government had previously announced the setting up of the RCI under the Commission of Inquiry Act 1950 (Act 119) to investigate issues relating to TH following the Cabinet meeting on July 14. – Bernama, July 16, 2021

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