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Tabung Haji has recorded nearly RM13 billion in losses from 14 problematic investments, seven of which resulted in complete write-offs. The government absorbed RM10.2 billion through a 2018 bailout.
Tabung Haji is escalating collection efforts against Saudi property developer Al-Rawda after the company defaulted on a settlement agreement, having paid just 1.6% of a 899 million Saudi riyal arbitration award.
Port Dickson MP Datuk Seri Aminuddin Harun emphasises that not all Tabung Haji investment losses stem from misconduct, calling for merit-based board appointments and stricter governance standards.