Putrajaya has served notices to Felda and the Armed Forces Fund Board (LTAT) to explain the massive losses outlined in the 2022 Auditor-General’s Report that was released on Wednesday.
The Parliament’s Public Accounts Committee will be hauling up the embattled Armed Forces Fund Board and its top leadership over its negative reserves between 2020 and 2022.
The National Audit Department (NAD) is pushing for greater transparency, accountability, and effectiveness in carrying out its duties to ensure the highest standards of good governance in the agency and across all government bodies, said Auditor-General (A-G) Datuk Wan Suraya Wan Mohd Radzi.
Two statutory bodies with outstanding borrowings – the Public Sector Home Financing Board (LPPSA) and the National Higher Education Fund (PTPTN) – took on new debt of RM5 billion each in 2022 to service existing debt, a concern flagged by the Auditor-General (A-G).
