Former Tabung Haji Subsidiary CFO Questioned by SPRM Over RM370 Million Share Deal

The former Chief Financial Officer (CFO) of a group company owned by a statutory body has arrived at the Malaysian Anti-Corruption Commission (SPRM) headquarters to provide a statement regarding the purchase of shares in two plantation companies worth RM370 million. Her testimony is crucial for the ongoing investigation into the Royal Commission of Inquiry (RCI) report concerning Tabung Haji, Malaysia's Hajj savings fund.

The individual arrived at the SPRM office in a black SUV at approximately 11:40 AM. She is the third person to be called in for questioning as part of this investigation. This follows the detention of two other individuals yesterday, a former CEO and another former CFO, both associated with companies owned by statutory bodies. These individuals, aged 68 and 60, are suspected of abusing their power in the aforementioned RM370 million share acquisition deal.

Sources within the SPRM indicated that the two detained individuals were investigated under Section 23 of the SPRM Act 2009. Their arrests were a direct result of the special task force's investigation into the findings of the Tabung Haji RCI report. The report's conclusions were made public via the official portal of the Department of Islamic Development Malaysia (JAKIM) on July 29th.

The investigation centers on alleged irregularities and potential abuse of power in the acquisition of shares in two plantation companies. The substantial value of the transaction, RM370 million, has drawn significant attention, prompting a thorough review by the SPRM and the special task force examining the RCI's findings. The involvement of high-ranking former executives suggests a potentially serious case of financial misconduct within the entities linked to Tabung Haji's investments.