MACC set to probe into HRD Corp

Malaysian Anti Corruption Commission has set up a task force to probe into the irregularities of Human Resource Development Corporation (HRDCorp)

It would review the audit report of HRD Corp.

“We have received the audit report submitted by the secretary-general (of the ministry). Based on this report, we have identified several issues that require documents and statements from the involved parties.

“These issues include investments, fund management and training, property purchases, and others. Therefore, a special team has been formed, and several investigation papers have been opened,” MACC deputy chief commissioner Ahmad Khusairy Yahaya said in a statement, adding that an investigation team will go to the ministry and HRD Corp on Tuesday.

Several individuals have been identified and will be interviewed to assist in the investigation, which will be conducted under Sections 18 and 23 of the MACC Act 2009, he confirmed.

The 2024 auditor-general’s (A-G) report released on Thursday recommended that the ministry refer HRD Corp’s management to the enforcement agencies after the company failed its audit.

The report said the actions and decisions of the HRD Corp management did not comply with procedures and failed to protect the interests necessary for achieving the company’s objectives.

The Public Accounts Committee also revealed that the company’s investment panel had not reported its investment activities appropriately to its board of directors, with levies collected “aggressively” used for high-risk investments.

Similarly, the A-G’s report said HRD Corp had amended its key performance indicator goals for 2020 to 2023 without the approval of its board of directors.

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