Anwar: Tabung Haji RCI withheld three years ago to protect public confidence
Prime Minister Anwar Ibrahim explained that the Royal Commission of Inquiry report on Tabung Haji was withheld for three years to prevent public panic and financial instability. The government is now preparing to release the findings following the institution's successful recovery.
Why it matters
The decision highlights the delicate balance between government transparency and the need to maintain public trust in national financial institutions.
PORT DICKSON: The Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH) was not released three years ago because the government wanted to avoid undermining public confidence in the pilgrims' fund board, according to Prime Minister Datuk Seri Anwar Ibrahim.
He said publishing the report at the time could have triggered panic among depositors, leading to a mass withdrawal of funds that might have destabilised TH.
"Three years ago, we were not in a position to publish the report. Had we done so, the public could have lost confidence in Tabung Haji and withdrawn their savings.
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