Defence Minister Mohamad Sabu said that the government is working to correct the discrepancies in the Armed Forces Fund Board , after the National Audit Department flagged the organisation for several dubious financial management. — Picture by Sayuti Zainudin
In a recent interview, Mohamad expressed full confidence in the new chief executive of LTAT, Nik Amlizan Mohamed, who is tasked with restructuring the fund. “Our respond towards the criticism from the National Audit Department on the 2017 audit report tabled in 2018, whereby losses were declared as profits, is because of land sales which happened in 2017.
The report quoted Nik Amlizan saying that the fair value for the two shares as of FY17 amounted to RM18.46 million compared with the purchase cost of RM107.36 million.
In Malaysia every government depts has corruption. It's like cancer spreading all over. How sad!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mat Sabu: Defence spending temporarily halted to fix Tabung Haji, Felda | Malay MailKUALA LUMPUR, April 20 — Any expenditure to improve the country’s defence assets has taken a backseat to channel funds to bailout Lembaga Tabung Haji (TH) and the Federal Land Development Authority (Felda), Defence Minister Mohamad Sabu said. In a group interview with the media yesterday, the... THANK YOU Jibby for screwing up the nation!
Source: malaymail - 🏆 1. / 86 Read more »
Defence Minister: IS, terrorism threat in Malaysia ‘under control’ | Malay MailKUALA LUMPUR, April 20 — Defence Minister Mohamad Sabu said today that the threat of Islamic State (IS) and other forms of terrorism is very much under control. The Kota Raja MP told reporters that his ministry together with the National Security Council (NSC) is working together to keep such... Wife them out from 🇲🇾 Good to know but we can never be too complacent about it.
Source: malaymail - 🏆 1. / 86 Read more »
Health card for B40 group in the works, says Melaka CM | Malay MailMELAKA, April 15 — The Melaka government will introduce a health card for B40 (low income) households which will enable them to enjoy free health examination at government hospitals and clinics. Chief Minister Adly Zahari said the initiative was among the promises in the Pakatan Harapan...
Source: malaymail - 🏆 1. / 86 Read more »
Penang LRT project to start next year, says chief minister | Malay MailKUALA LUMPUR, April 16 — Construction of the proposed Komtar-Bayan Lepas Light Rail Transit (LRT) project, part of Penang’s multi-billion ringgit Transport Master Plan (PTMP), is expected to begin next year. Chief Minister Chow Kon Yeow said the project is currently awaiting conditional... Why? Malaysia is in serious debt right now? Does Penang really need new LRT project?
Source: malaymail - 🏆 1. / 86 Read more »
Peka B40 health screening starts tomorrow, says minister | Malay MailKUALA LUMPUR, April 14 — The Peka B40 health screening programme for the poor will start nationwide tomorrow, Datuk Seri Dzulkefly Ahmad announced today. The health minister said its main focus was to foster public-private cooperation in assisting the bottom 40 per cent of society (B40) by...
Source: malaymail - 🏆 1. / 86 Read more »
States’ duty to protect catchment areas, minister says as Pahang demands RM17b | Malay MailKUALA LUMPUR, April 20 — State governments are responsible for the protection of water catchment areas, Dr Xavier Jeyakumar said today amid claims that Putrajaya owes them compensation for land loss. The water, land and natural resources minister said states have the duty to protect their...
Source: malaymail - 🏆 1. / 86 Read more »
Saudi Arabia, Ethiopia potential new markets for Malaysian palm oil exports, minister says | Malay MailJEMPOL, April 20 — Saudi Arabia and Ethiopia are seen as new potential markets for Malaysian palm oil exports, said Primary Industries Minister, Teresa Kok. She said efforts to promote Malaysian palm oil to the two countries will begin with her deputy Datuk Seri Iskandar Mohd Akin making an...
Source: malaymail - 🏆 1. / 86 Read more »
Malaysia looking to establish embassy in Palestine, says foreign minister | Malay MailKUALA LUMPUR, April 15 — Malaysia hopes to open an embassy in Palestine even though it may be tough going, said Foreign Minister Datuk Saifuddin Abdullah. He said that while it is impractical to do so given the situation, the move is important to enable Malaysia’s extension of aid to the... Mustahak kah after all these decades? Berek kah?
Source: malaymail - 🏆 1. / 86 Read more »
Govt won’t evict PPR tenants over rent arrears, says FT minister | Malay MailKUALA LUMPUR, April 16 — Federal Territories Minister Khalid Abdul Samad today stressed that there is no attempt to evict tenants of the People’s Housing Project (PPR) even if they have accumulated high rent arrears. Instead, the government is making an effort through Kuala Lumpur City...
Source: malaymail - 🏆 1. / 86 Read more »
Fire Dept to halt search for missing runner, says minister | Malay MailKUALA LUMPUR, April 17 — The Fire and Rescue Department (FRD) is temporarily halting its search for Mohammad Ashraf Hassan, 29, who went missing while participating in the Gopeng Ultra Trail 2019 run on March 23 . Housing and Local Government Minister Zuraida Kamaruddin said the...
Source: malaymail - 🏆 1. / 86 Read more »
Felda’s turnaround plan needs strong support from settlers, says deputy minister | Malay MailKUALA LUMPUR, April 17 — All Federal Land Development Authority (Felda) settlers are urged to get behind the mission to restore the glory of the settlement plan by reverting to the original objective of the agency’s formation. Deputy Economic Affairs Minister Mohd Radzi Md Jidin said the...
Source: malaymail - 🏆 1. / 86 Read more »