The finance minister says the RM40 million for 2019 will be allocated to the trust fund operated by the Tunku Abdul Rahman Alumni Association. FMTNews TARUC TrustFund
PETALING JAYA: The finance ministry says it will allocate RM40 million to a trust fund operated by the Tunku Abdul Rahman Alumni Association once it is approved by the authorities.
Putrajaya had earlier promised an allocation of at least RM30 million per year for the trust fund for the benefit of Tunku Abdul Rahman University College and its students. “This RM40 million allocation will rebut once and for all lies by irresponsible elements that such an allocation is illegal,” Lim said, adding that the government’s critics have yet to explain their claims.
Previously, Lim denied that the money in the trust fund could only be used if MCA relinquished ownership of the college.
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