PETALING JAYA: The Inland Revenue Board (LHDN) is investigating certain people identified in the royal commission of inquiry (RCI) on Tabung Haji’s (TH) financial management.
LHDN said the investigations were based on tax risk analysis, which found discrepancies between the reported income and asset ownership of those identified.
The tax authority said it conducted raids on several premises to obtain information, review documents and verify facts in its probe, reported Bernama.
“All of our reviews and investigations are being carried out professionally, with integrity and in accordance with the prevailing tax laws, without any prejudice to any party.
“Any further action will only be decided based on the findings of the investigations, assessment of information and evidence obtained through the review process,” it said.
The 252-page RCI report into TH’s management and operations from 2014 to 2020 was completed in July 2022 but only declassified last Wednesday.
The commission found that TH had concealed the true state of its finances for years, reporting a RM3.4 billion profit for 2017 when it should have recorded a RM1.4 billion net loss – a shortfall of nearly RM4.8 billion.
The commission traced the roots of TH’s financial problems to political interference in board appointments, unsustainable hibah payouts, and the national audit department softening its findings over concerns about depositors’ confidence in the haj fund board.
The Malaysian Anti-Corruption Commission has detained five people in connection with the RCI report after setting up a team to review its findings.
Bukit Aman’s commercial crime investigation department has opened five investigation papers into alleged commercial offences uncovered in the report.
The investigation papers have been opened under the Penal Code, the Tabung Haji Act, the Companies Act, and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act.
