HRD Corp

2024 - 7 - 4

Shocking Revelations about HRD Corp's Mismanagement Unveiled by PAC and A-G Reports

Auditor-General - Corruption Probe - Financial Mismanagement - HRD Corp - Public Accounts Committee

Find out the scandalous details of HRD Corp's questionable real estate deals and risky investments!

The Public Accounts Committee (PAC) and the Auditor-General (A-G) have unearthed alarming findings regarding the management of the Human Resources Development Corporation (HRD Corp). PAC revealed that HRD Corp engaged in dubious real estate deals and mismanaged levies collected from employers, amounting to RM205 million. The A-G's report exposed that HRD Corp amended key performance indicators without board approval and failed to adhere to good governance principles.

Furthermore, the PAC discovered that HRD Corp diverted funds meant for training grants into high-risk investments, leading to significant financial mismanagement. The A-G's report further highlighted suspicious disbursements of RM51.69 million for training grants, raising concerns about the corporation's financial practices. Amidst the chaos, calls have been made to transform HRD Corp into a statutory body to ensure more effective governance.

In a stunning revelation, HRD Corp was found to have used a total of RM3.77 billion in levies collected from employers for training purposes, shedding light on the magnitude of financial mismanagement within the organization. The PAC also flagged HRD Corp for engaging in questionable property deals, adding another layer of controversy to the corporation's actions.

As the investigations continue, it's evident that HRD Corp's operations have raised serious concerns among government bodies. It remains crucial for regulatory interventions to prevent further financial discrepancies and ensure accountability within the organization.

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Image courtesy of "The Star Online"

PAC: HRD Corp engaged in dubious real estate deals, high-risk ... (The Star Online)

KUALA LUMPUR: The Public Accounts Committee (PAC) has found weaknesses in the management of Human Resources Development Corporation (HRD Corp), ...

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Image courtesy of "Free Malaysia Today"

RM205mil in levies owed to HRD Corp, says A-G's report (Free Malaysia Today)

Report also says HRD Corp amended KPIs without board's approval while seven out of nine good governance principles were not practised.

PAC: HRD Corp used levies collected from employers for ... (New Straits Times Online)

This was among issues revealed by the Public Accounts Committee (PAC) chairman Datuk Mas Ermieyati Samsuddin over proceedings carried out by the committee with ...

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Image courtesy of "The Malaysian Reserve"

HRD Corp fails audits, A-G calls for govt... (The Malaysian Reserve)

THE Auditor-General's (A-G) Department has called for government intervention in its report on the Human Resources Development Corp (HRD Corp), ...

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Image courtesy of "The Edge Markets MY"

PAC reveals HRD Corp has been utilising levy collected for risky ... (The Edge Markets MY)

The Public Accounts Committee (PAC) found that the Human Resource Development Corp, or HRD Corp, has been utilising a significant portion of the levy it ...

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Image courtesy of "The Vibes"

HRD Corp fails audit, mismanagement of funds revealed (The Vibes)

Auditor-General Datuk Wan Suraya Wan Mohd Radzi says auditors found mismanagement of hundreds of millions of ringgit involving training grants, investments and ...

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Image courtesy of "Malaysiakini"

Consider turning HRD Corp into statutory body, PAC tells HR Ministry (Malaysiakini)

PAC chairperson Mas Ermieyati Samsudin made this call in a press conference in the Parliament today after the committee released a report on the government- ...

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Image courtesy of "The Star Online"

A-G's Report: HRD Corp invested levies on high-risk investments (The Star Online)

KUALA LUMPUR: HRD Corp had invested levy collected from employers on several high-risk investments, despite the training fund not being an investment ...

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Image courtesy of "Malay Mail"

A-G's report: HRD Corp's GIG training incurred expenses of RM51 ... (Malay Mail)

KUALA LUMPUR, July 4 — The National Economic Recovery Plan (Penjana) which is a part of the Covid-19 initiative aimed at revitalising job demands has come ...

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Image courtesy of "The Edge Markets MY"

AG flags HRD Corp for suspicious RM51.69m disbursements (The Edge Markets MY)

KUALA LUMPUR (July 4): The Auditor General's Report 2024 has flagged a suspicious disbursement of training grants, totalling RM51.69 million by the Human ...

PAC: HRD Corp used levies collected from employers for ... (New Straits Times Online)

KUALA LUMPUR: The Human Resources Development Corporation (HRD Corp) has used a total of RM3.77 billion in levies collected from employers for training ...

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Image courtesy of "The Edge Markets MY"

PAC flags dubious property deals by HRD Corp (The Edge Markets MY)

The Public Accounts Committee (PAC) flagged that the Human Resource Development Corp (HRD Corp) has engaged in several dubious property deals, including the ...

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Image courtesy of "Free Malaysia Today"

HRD Corp investment panel didn't report activities to board, says PAC (Free Malaysia Today)

The Public Accounts Committee report says the panel also failed to appoint a BNM representative as required under the PSMB Act 2001.

PAC: HRD Corp investment panel failed to report investment ... (New Straits Times Online)

KUALA LUMPUR: The investment panel of the Human Resources Development Corporation (HRD Corp) failed to report substantial investment activities to its board ...

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Image courtesy of "Free Malaysia Today"

HRD Corp has overhauled its financial management, says chairman (Free Malaysia Today)

Abu Huraira Abu Yazid says reforms include the creation of a separate strategic initiative account to improve transparency and efficiency.

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Image courtesy of "The Star Online"

'HRD Corp made bad bets' (The Star Online)

KUALA LUMPUR: Suspicious real estate deals and high-risk investments were some of the issues identified by the Public Accounts Committee (PAC) in its report ...

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Image courtesy of "The Edge Markets MY"

HRD Corp acknowledges audit findings, says collected levies ... (The Edge Markets MY)

Human Resource Development Corp (HRD Corp) has acknowledged the shortcomings highlighted in the Auditor-General's (AG) and Public Accounts Committee (PAC) ...

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Image courtesy of "The Malaysian Reserve"

PAC: HRD Corp uses RM3.7b from levies for risky investments and ... (The Malaysian Reserve)

THE Public Accounts Committee (PAC) revealed that a total of RM3.77 billion of levy collection from employers was used by the Human Resource Development ...

HRD Corp fails audit, mishandling of funds revealed (The Malaysian Insight)

Auditor-General Wan Suraya Wan Mohd Radzi says auditors found mismanagement of hundreds of millions of ringgit involving training grants, investments and ...

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Image courtesy of "Free Malaysia Today"

FMM calls for review of Act governing HRD Corp (Free Malaysia Today)

The Federation of Malaysian Manufacturers suggests giving HRD Corp's board of directors a say on the appointment of its CEO.

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Image courtesy of "EdgeProp.my"

PAC flags dubious property deals by HRD Corp (EdgeProp.my)

The PAC report also revealed that HRD Corp had paid a 50% deposit, or RM120 million, for the purchase of Menara Ikhlas in Putrajaya, worth RM202.5 mil...

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Image courtesy of "The Vibes"

HR Ministry reports HRD Corp irregularities to MACC (The Vibes)

Anti-graft agency has promised to hold a thorough probe, says Khairul Dzaimee Daud.

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Image courtesy of "The Edge Markets MY"

FMM calls for firmer action to strengthen HRD Corp following AG ... (The Edge Markets MY)

The Federation of Malaysian Manufacturers (FMM) on Friday called for firmer action to be taken to further strengthen the governance and management of the ...

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Image courtesy of "Malay Mail"

Fahmi says govt won't stop MACC probe into HRD Corp for ... (Malay Mail)

PUTRAJAYA, July 5 — The Human Resources Ministry will not interfere in any corruption investigation into HRD Corp after a national audit report found ...

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MACC to review HRD Corp documents submitted by HR Ministry ... (Malay Mail)

KUALA LUMPUR, July 5 — The Malaysian Anti-Corruption Commission (MACC) will review all documents submitted by the Ministry of Human Resources today ...

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Image courtesy of "The Malaysian Reserve"

HRD Corp issue: MACC to scrutinise information, documents ... (The Malaysian Reserve)

The Malaysian Anti-Corruption Commission (MACC) will go through all documents submitted by the Ministry of Human Resources (KESUMA) today concerning issues ...

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Image courtesy of "The Vibes"

Manufacturers group wants review of Act governing HRD Corp (The Vibes)

The Federation of Malaysian Manufacturers (FMM) president Soh Thian Lai said firm and swift action needed to be taken to improve the management of HRD Corp. Soh ...

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Image courtesy of "The Edge Markets MY"

HR Ministry submits report to MACC over HRD Corp's ... (The Edge Markets MY)

The Ministry of Human Resources (MOHR) submitted a report on the mismanagement issue involving the Human Resource Development Corporation (HRD Corp) to the ...

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Image courtesy of "The Malaysian Reserve"

Fahmi Fadzil calls for patience amid HRD Corp audit... (The Malaysian Reserve)

COMPARING the recent Human Resource Development Corporation (HRD Corp) audit report to the 1Malaysia Development Berhad (1MDB) scandal is premature, ...

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Image courtesy of "New Straits Times Online"

Fahmi: HRD Corp issue not like 1MDB scandal (New Straits Times Online)

PUTRAJAYA: Unity government spokesman Fahmi Fadzil said irregularities highlighted in reports by the Auditor General's Department and Public Accounts ...

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MMA calls for halt in HRD Corp levy collection amid ... (Free Malaysia Today)

MMA president Dr Azizan Abdul Aziz said the levies represent hard-earned income from businesses. PETALING JAYA: The Malaysian Medical Association has called for ...

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Image courtesy of "New Straits Times Online"

Governance and management of HRD Corp must be further ... (New Straits Times Online)

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has called for firmer actions to be taken to further strengthen the governance and management ...

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Image courtesy of "Free Malaysia Today"

HRD Corp's board made community centre decisions, not me, says ... (Free Malaysia Today)

The ex-human resources minister says he had nothing to do with a RM1.5 million renovation of a community centre in his Tapah parliamentary constituency.

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Image courtesy of "Malaysiakini"

Flashy building in Tapah 'as minister's from there', HRD Corp CEO ... (Malaysiakini)

This is according to HRD Corp chief executive Shahul Hamid Shaik Dawood, who testified as such at the bipartisan parliamentary Public Accounts Committee. Please ...

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