In a statement, PAC chairman Mas Ermieyati Samsudin said the proceedings would take place on Aug 7.
She also said that three former LTAT officials would be called to testify: chairman Raja Affandi Raja Noor, CEO Ahmad Nazim Abdul Rahman, and strategic asset allocation chief Dayana Rogayah Omar.
PAC commenced proceedings into LTAT’s financial situation on June 20, following the release of the 2022 auditor-general’s (A-G) report in March which flagged the agency for its negative balance in reserves since 2020.
Mas Ermieyati previously said the committee had not ruled out the possibility of calling Khaled, who oversees the portfolio responsible for LTAT.
Khaled also said he was prepared to clarify issues flagged in the 2022 A-G report if summoned by the PAC.
On a separate matter, she said the PAC planned to initiate proceedings on several issues, including water management and rural water supply projects, throughout late July and early August.
She said the committee would begin proceedings on two GLCs – Mara Incorporated Sdn Bhd under the rural and regional development ministry, and the National Professors Council (MPN) under the Prime Minister’s Department.
The 2024 A-G’s report, released earlier this month, uncovered numerous irregularities in MPN including the misuse by two MPN trustees of RM373,516 in council funds to finance the operations of two companies in which they hold shares.
They also failed to declare their interests as shareholders in the two companies, in accordance with the Companies Act 2016.
HRD Corp has 3 months to carry out follow-up action
Separately, Mas Ermieyati said the Human Resource Development Corporation (HRD Corp) has three months to complete a follow-up action based on the recommendations given by the PAC.
“Since we just presented (the report) last week, we will wait for three months and then we will call them to provide a follow-up report on the recommendations submitted by the PAC,” she said.
The committee had revealed in its report that the company’s investment panel had not reported its investment activities appropriately to its board of directors, with levies collected used for high-risk investments.
The PAC also found that HRD Corp used RM3.77 billion in employer-collected levies for various training development investments.