KUALA LUMPUR: A financial expert today described allegations that the RM10.9 billion deficit gap recorded by Lembaga Tabung Haji (TH) in 2018 resulted...
: A financial expert today described allegations that the RM10.9 billion deficit gap recorded by Lembaga Tabung Haji in 2018 resulted completely from Pakatan Harapan taking over the country’s administration as inaccurate.
“If we look at the change of government as the only reason for the impairment loss, then it’s not because impairment loss takes into account a 12-month period, even before the PH government, and it’s already recorded as a loss,“ he said as a guest on the “Morning Ala Carte — Restructuring TH” programme on Bernama Radio today.
However, Zaharuddin, who is also the Multaqa Asatizah and Du’at Organisation president, did not deny that the change of government administration contributed to the decline in the value of TH shares last year, saying it was normal.
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