KUALA LUMPUR: The Public Accounts Committee has found weaknesses in the management of Human Resources Development Corporation , among them suspicious real estate deals and high-risk investments.
“The purchase agreement was a sales and purchase agreement, but the contents of the agreement was a lease to purchase agreement,” said PAC. Others were the purchase of the RM16mil Blok A, Sutera Avenue in Kota Kinabalu in Sabah, where the sale was not tabled at the board meeting of HRD Corp. “Besides that, HRD Corp’s investments in the put and call option is considered as high risk,” said PAC.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: