by Ganesh Sahathevan
Is Team Azeez still pulling the strings at Tabung Haji
and its subsidiaries, including TH Properties.
The recent revelations by Tabung Haji and TH Properties Sydney based JV partner requires a re-assessment of TH and TH Properties assets transferred to Urusharta Jamaah Sdn Bhd. It also raises the question whether TH and TH Properties have retained assets within themselves that have not been accounted for, or held in off balance sheet entities.
Unless a thorough investigation is carried out, the above questions cannot be answered in any meaningful way.Ultimately it is Tabung Haji depositors who will suffer.
Govt to bear more than RM10.3b losses in Tabung Haji's rescue plan, if assets depreciate