PETALING JAYA – A team of police officers are currently conducting a raid at the Human Resources Development Fund (HRDF) main office in Damansara Heights.
It is believed that this is related to the ongoing probe on the misappropriation of funds, fraud and other malpractices there.
Sources said several HRDF staff members have been questioned and the investigating officers were still combing through documents to be seized at the time of writing on Friday afternoon (Jan 11).
In November, Human Resources Minister M. Kulasegaran said high-ranking staff of HRDF misappropriated around RM100mil of the RM300mil in the fund.
Kulasegaran also set up a five-member independent governance oversight committee (GOC) to review and probe the allegations.
The Star, in an exclusive report on Wednesday (Jan 9), also highlighted the purchase of a RM154mil property in Bangsar South, which was done without the approval of the board of directors and investment panel.
Approval was given for another property in the same area but HRDF went on to make payments for the Bangsar South property with some RM40mil allegedly paid before the tax invoice date.
The investment panel was only informed of the switch in property purchased five months after the first tranche of RM15.4mil was paid.
The HRDF management lodged two police reports on the property purchase, and police have since referred the case to the Malaysian Anti-Corruption Commission (MACC).