KUALA LUMPUR, March 10 — The Defence Ministry is ready to provide explanations to the Public Accounts Committee (PAC) regarding the negative reserve balance of the Armed...
Defence Minister Datuk Seri Mohamed Khaled Nordin said that the ministry is ready to provide explanations to the Public Accounts Committee regarding the negative reserve balance of the Armed Forces Fund Board, should they be summoned.. ― Picture by Sayuti ZainudinKUALA LUMPUR, March 10 — The Defence Ministry is ready to provide explanations to the Public Accounts Committee regarding the negative reserve balance of the Armed Forces Fund Board , should they be summoned.
“There are three reserve funds, but the audit referred to one fund... collectively show a positive , including this year. For the year 2023, it was also positive because there was approximately RM900 million in LTAT reserves,” he said after the Royal Military College Putera Annual Parade at the Perdana Camp, Sungai Besi here today.The report, tabled in Parliament last Wednesday, stated that LTAT’s reserves recorded negative balances for three consecutive years since 2020, namely RM0.
In another development, Mohamed Khaled said a team consisting of seven officers and members from the Royal Malaysian Air Force has been stationed in South Korea since November last year to oversee the acquisition of the FA-50M light combat aircraft.He said that pilot training to operate the aircraft would begin soon, and the acquisition of the aircraft is expected to take place by the end of 2026 or early 2027.
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