Steadyaku47 comment : The following is Pak Arshad’s comment to the story below in The Malaysian Insider questioning the ability of the Chairman of Tabung Haji to understand the intricacies of a financial reserve policy as raised by PKR Rafizi Ramli…..Yes the Chairman is that black Tamil with the songkok down there…click here for The Malaysian Insider article:

If truth be told I too would not be able to explain the financial reserve policy that Tabung Haji should adopt…but then I am NOT the Chairman of Tabung Haji!

Here
you are……what can depositors expect from a Chairman who is better
known for selling used cars (I was told) than manage a huge fund like
LTH. I wonder if the Chairman knows how to formulate a financial reserve
policy that was requested by BNM which was ignored, and the request was
again repeated by BNM late last year. It is worthless telling the
Chairman how to manage LTH fund because I have serious doubt that he has
acquired enough financial acumen or ‘financial wizardry’
to even answer the question raised by BNM regarding the financial
status of LTH. I don’t expect the Chairman to even understand the
questions raised by Rafizi as to “how does LTH handles reserves”. This
country is never short of personalities that are expert at managing huge
fund, but why of all person appoint this Baling MP as LTH Chairman who
may not even know how many zeroes are there in a billion. I think he
could do better in managing a used car company.

Explain how you handle reserves, PKR tells Tabung Haji chairman

Tabung Haji has yet to come up with a proper policy on how it handles its reserves, and PKR wants the fund's chairman Datuk Abdul Azeez Abdul Rahim to explain. – The Malaysian Insider file pic, February 11, 2016.Tabung
Haji has yet to come up with a proper policy on how it handles its
reserves, and PKR wants the fund’s chairman Datuk Abdul Azeez Abdul
Rahim to explain. – The Malaysian Insider file pic, February 11, 2016.Lembaga
Tabung Haji must explain to the public its financial reserves policy,
follwing Bank Negara’s request that the haj fund should come up with
one, PKR’s Rafizi Ramli said today.

Rafizi said throughout the debate on the fund’s finances over the
last month, many missed the fact that Bank Negara had actually written
to it on December 19, 2014, advising Tabung Haji to come up with a
comprehensive reserves policy.

“It goes to show that this issue was actually raised by Bank Negara
more than a year ago but there was no concrete actions taken by Tabung
Haji chairman Datuk Abdul Azeez Abdul Rahim. – See more
at:
http://www.themalaysianinsider.com/malaysia/article/explain-how-you-handle-reserves-pkr-tells-tabung-haji-chairman#sthash.29j97cde.qVjoVaOV.dpuf

 
 
Lembaga
Tabung Haji must explain to the public its financial reserves policy,
follwing Bank Negara’s request that the haj fund should come up with…
 
themalaysianinsider.com