"It concerned the management of 'unutilised levy', the acquisition of Menara Ikhlas and HRD Corp’s equity investment management. "For this purpose, HRD Corp will implement an internal investigation process that is transparent and conducted with integrity, with a clear mandate, scope and terms of reference. HRD Corp said it is confident that these improvements would strengthen compliance, accountability and good governance. The report also said that HRD Corp had outstanding levies totalling RM205.42mil as of Dec 31, 2023. In May last year, the MACC presented findings of its probe into HRD Corp over the management of levy collections and investments.

Source: The Star February 06, 2026 22:50 UTC