The Public Accounts Committee has issued a report revealing the ‘unsatisfactory’ performance of Amanah Raya Berhad , following a PAC proceeding on the issue on Tuesday, Oct 12.
The report found that ARB did not have complete and thorough investment policies, and the board of directors had no control over potential investments that were to be made, said PAC chairperson Wong Kah Woh in a statement on Oct 12.
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Amanah Raya must conduct audit into accumulated losses, says PACKUALA LUMPUR: Amanah Raya Bhd (ARB) must conduct an audit on its accumulated losses, especially related to the 56 units of properties in the investment project at Keppel Bay, Singapore, says the Public Accounts Committee (PAC).
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Amanah Raya must conduct audit into accumulated losses, says PACKUALA LUMPUR: Amanah Raya Bhd (ARB) must conduct an audit on its accumulated losses, especially related to the 56 units of properties in the investment project at Keppel Bay, Singapore, says the Public Accounts Committee (PAC).
Source: staronline - 🏆 4. / 75 Read more »
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