
Human resources minister Steven Sim also said that his ministry would not tolerate any violation of the law, Bernama reported.
He said he had instructed his ministry’s secretary-general Khairul Dzaimee Daud and HRD Corp chief executive Shahul Hameed Dawood to lodge the MACC report.
“The ministry takes the report by the national audit department and PAC very seriously. The auditing process covers HRD Corp’s operations from 2019 to 2023,” he said in a statement.
The 2024 auditor-general’s (A-G) report released yesterday recommended that the ministry refer HRD Corp’s management to the enforcement agencies after the company failed its audit.
It said the actions and decisions of its management did not comply with procedure and failed to protect the interests necessary for achieving HRD Corp’s objectives.
PAC 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.