Before false hibah announcement, TH branches briefed on run on the Bank?
Another Brick in the Wall
Answering enquiry in Parliament on when Tabung Haji will announce its hibah for 2018 from Parit Sulong MP cum newly appointed PAC Chairman, Dato Noraini Ahmad, Tun Dr Mahathir replied cabinet will deliberate on the issues related and make a decision this very morning.
Malaysiakini reported Mahathir guaranteed it will be announced soon.
Is it financially and technically possible? What sort of magic trick could enable new management of TH to do so? Any truth PWC, KSP and Auditor general refuse to endorse new account?
The cabinet deliberation is a strange happenings since decisions on TH matter is made at their Board of Directors and Minister-in-charge level.
Subsequently, it is proposed for cabinet to make a decision on the quantum of hibah to be announced. BOD, which is effectively led by Dato Zaiton Hasan and managed on behalf by Dato Zukri Samat, is unable to make a decision.
According to Mujahid an to quote The Edge report, “Lembaga Tabung Haji will release its dividend to its depositors after the pilgrims fund resolves its compliance issue with the MFRS 9 accounting standard, said Minister in the Prime Minister’s Department Datuk Seri Mujahid Yusof Rawa.”
MFRS 9 is now a buzzword and the keyword is “resolve its compliance issue”. It means the restructuring has compliance problem.
And, TH new management is in a state of panic to be giving several taklimats (briefings) given to Members of Parliements, media and another one today at Kompleks Islam, Putrajaya for 3:00 PM.
Failed new management
So, in reply to PH cybertrooper to hawk Zukri as the answer to revelation that the SPV and indirectly TH management is led by Prokhas’s Chinese CEO, what’s so great about the Islamic Banker of the Year Zukri that is leading TH new management today?
As mentioned repeatedly in this blog, a background from Danaharta and the successor-in-title Prokhas is no being deal because they are merely go-between Banks and receiver/liquidator. Prokhas is only consultant; they con and insult.
While, Zaitons profile on the Sime Darby website merely highlighted her as 12-year utility player with no specialty at Maybank but aided by former boss Tan Sri Ahmad Don, she became President of MARC and raised her profile in accountany from audit Trainee at PWC to MyPAC President.
Zaiton was no “market player” despite having worked at BAPEMA of “rooster returning to the nest”, Bank Pembangunan. At least, officemate Dato Shamsuddin Abu Hasan of Aokam Perdana fame became renown in the bull run of the 90s.
As MD of Capital Intelligence Advisors Sdn Bhd, she fumbled big time and TH loss 90% of their investment on the sukuk of Offshore Capital Sdn Bhd, advised by her company. One retired bond trader commented, “…buka advisory co. tapi banyak issuance arrangement dia buat tak berapa menjadi.”
And, will she be advising on the sukuk bonds for TH to invest according to their new portfolio policy?
Political psywar
Their back are now against the wall.
TH’s PR consultant, Yati may have suspiciously resorted to political slander to Dr Jamil Khir, Dr Asyraf Wajidi and Azeez Raheem as “3 penyangak.” A ploy to associate the two former with the latter Azeez.
