Tabung Haji’s former CEO and CFO allegedly deceived the fund’s board members by inducing them to approve inflated valuations of the organisation’s investment properties.PETALING JAYA: Two former senior officers at Tabung Haji (TH) were charged today with cheating the agency’s board of directors in connection with the payment of RM3.3 billion in hibah (dividend distributions) for the 2017 financial year.
Former TH CEO Johan Abdullah, 70, and former TH chief financial officer Rozaida Omar, 63, pleaded not guilty after the joint charge was read out to them before judge Norma Ismail at the Kuala Lumpur sessions court.
According to the charge sheet, they allegedly deceived TH's board members by inducing them to approve inflated valuations of the organisation’s investment properties.
