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Sabah's government has launched a RM2 billion civil suit against audit firm Ernst & Young in the Kuala Lumpur High Court, asserting that the firm failed to detect the state development bank's true financial position during audits spanning 2011 to 2022.
Prime Minister Anwar Ibrahim has expressed concern over the Royal Commission of Inquiry's findings into Tabung Haji, questioning how RM12 billion disappeared from the Islamic pilgrim fund and calling for accountability.
Malaysia's government has formally submitted the Royal Commission of Inquiry report on Tabung Haji to law enforcement and regulatory authorities including the police and anti-corruption commission for comprehensive investigation into findings spanning 2014 to 2020.
Parliament held an extended sitting on August 11 to examine the Royal Commission of Inquiry report on Tabung Haji, with 39 MPs pressing for institutional reforms, stronger oversight of investments, and accountability for past management failures affecting over 10 million depositors.
A Malaysian High Court has been told that a US$620 million fund was returned to its original sender in 2013 rather than being deposited into former Prime Minister Najib Razak's personal bank account.
The MACC has intensified its probe into a RM370 million share deal involving Tabung Haji, calling back the fund's former chief financial officer for a third day of questioning as the anti-corruption agency pursues leads from the RCI findings.
A Royal Commission inquiry into Tabung Haji's RM10 billion loss between 2014 and 2020 exposes governance weaknesses that could have subsidised haj pilgrimage for over 900,000 lower-income Malaysians annually for two decades, raising urgent questions about institutional oversight.
Prime Minister Datuk Seri Anwar Ibrahim has stressed that the Tabung Haji Royal Commission of Inquiry report should not be viewed as an exercise in historical recrimination, but rather as a constructive pathway toward institutional reform and greater accountability.
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Former Finance Minister Tengku Zafrul has testified in the High Court trial of ex-Prime Minister Muhyiddin Yassin, who faces charges related to alleged misappropriation of RM225 million from the Jana Wibawa economic support fund.
The MADANI Government is pursuing comprehensive governance reforms to prevent another 1MDB-style scandal and restore Malaysia's international reputation, Deputy Finance Minister Liew Chin Tong told Parliament.
Najib Razak's legal team has argued that a bankruptcy filing stemming from a RM1.69 billion tax dispute would strip the ex-premier of financial autonomy, making any appeal largely futile.