Daily Market Updates: ‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability

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‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability

Reported · Written up by our desk · North America

A Malaysian ruler is demanding accountability over the mismanagement of a pilgrimage fund, after a government rescue package, criminal proceedings against former officials and half-hearted reforms have fuelled concerns about political influence in an institution entrusted with the savings of millions of the country’s Muslims. Tabung Haji holds the savings of more than 9.8 million depositors and helps Malaysian Muslims finance and undertake the pilgrimage to Mecca, a religious obligation for...

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SCMP Economy‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability

Global Markets

‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability

More like this

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