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Religious Affairs Minister Dr Zulkifli Hasan has laid bare how Tabung Haji manipulated its financial statements before 2018, paying dividends while technically insolvent and forcing a RM10 billion government rescue.
Malaysia's Cabinet has approved the declassification of a Royal Commission of Inquiry report investigating Tabung Haji's financial crisis between 2014 and 2020. The pilgrims' fund faced a RM10.9 billion deficit before a RM19.6 billion government bailout stabilised operations.