The Public Accounts Committee will commence two new proceedings involving issues concerning the Armed Forces Fund Board and the National Integrated Immigration System project after the Hari Raya Aidilfitri celebration.
The Defence Ministry is ready to provide explanations to the Public Accounts Committee (PAC) regarding the negative reserve balance of the Armed Forces Fund Board (LTAT), should it be summoned.
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 proposed sale of part of the Armed Forces Fund Board’s interest in Affin Bank is to rebalance the former’s investment portfolio based on the targets set in the Strategic Asset Allocation Framework, according to the Defence Ministry.
Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil
