Putrajaya to bear RM10.3b cost of Tabung Haji’s rescue and restructuring plan | Malay Mail

📆 11/14/2019 8:58 AM
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KUALA LUMPUR, Nov 14 — The government will bear RM10.3 billion premium to ensure the financial health of Lembaga Tabung Haji (LTH) is restored as part of the rescue and restructuring plan of the pilgrimage fund, Urusharta Jamaah Sdn Bhd (UJSB) announced today. UJSB, which is a...

Thursday, 14 Nov 2019 11:20 AM MYT

UJSB, which is a wholly-owned unit of Ministry of Finance completed the transfer of non-performing assets valued at RM9.63 billion held by LTH in December last year, as the fallout from the financial mismanagement and wrongdoings by the previous management. UJSB pointed out that in the event the value of the assets depreciates further, the losses shouldered by the government will be higher than RM10.3 billion.

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Govt to bear RM10.3bil in Tabung Haji's rescue and restructuring planKUALA LUMPUR (Bernama): The government will bear RM10.3bil premium to ensure the financial health of Lembaga Tabung Haji (LTH) is restored as part of the rescue and restructuring plan of the pilgrimage fund, Urusharta Jamaah Sdn Bhd (UJSB) announced Thursday (Nov 14).
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