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Prime Minister Anwar Ibrahim has attacked the opposition Perikatan Nasional for failing depositors of Tabung Haji, Malaysia's pilgrimage savings fund, after opposition MPs staged a walkout during parliamentary proceedings on the Royal Commission of Inquiry.
The High Court heard testimony that former Prime Minister Najib Tun Razak returned US$620 million following the 2013 general election because he felt uneasy retaining the money, court documents revealed.
Malaysia's Religious Affairs Minister argues that Tabung Haji's financial collapse was avoidable had the institution acted on Bank Negara Malaysia's warnings between 2014 and 2016, potentially sparing the government a massive bailout.
The Malaysian Anti-Corruption Commission continues intensive questioning of a former CFO from a Tabung Haji-linked company regarding a controversial RM370 million plantation share purchase.
A Royal Commission inquiry into Tabung Haji has recommended forensic audits of 14 investments linked to substantial losses, and warned of systemic risks from UJSB sukuk obligations that now fund over a quarter of the pilgrimage fund's annual income.
Malaysia's anti-corruption agency is activating international legal channels to investigate retirement fund investments across multiple jurisdictions, signalling a complex cross-border inquiry.
PM Anwar Ibrahim has indicated the government may release the Royal Commission of Inquiry report into Tabung Haji, promising transparency over the pilgrimage fund's governance failures and financial troubles.
The Election Commission will take action against caretaker governments that announce policies or make decisions with financial implications, Prime Minister Datuk Seri Anwar Ibrahim has confirmed.