NOW Malaysia | NOW queries YaPEIM’s RM3.5m for board of trustees
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NOW queries YaPEIM’s RM3.5m for board of trustees

04 Dec NOW queries YaPEIM’s RM3.5m for board of trustees

PETALING JAYA: The National Oversight and Whistleblowers (NOW) group has urged the Malaysian Islamic Economic Development Foundation (YaPEIM) to explain why they allocated RM3.5 million for its board of trustees’ (BOT) expenditure in 2015.

The allocation, according to the anti-graft group’s director Akmal Nasir was seven times more than the original allocation set aside by the foundation for its BOT in 2012.

The total expenditure for the BOT in 2012, he revealed in a statement, was RM498,725 and in 2013 it was RM665,316.

Akmal further claimed the BOT’s expenditure in 2014 on the other hand was RM2,617,264 while the allocation for 2015 was RM3.5 million.

“This shows that in just three years, the total expenditure increased by seven-fold and according to YaPEIM, Awang Malek and Siti Zaleha continue to hold the President and deputy President positions in the foundation.”

YaPEIM chief executive officer Abibullah Samsudin on Wednesday announced that the foundation’s president Awang Malek Awang Kechil and deputy president Siti Zaleha Hussin had resigned from all their positions in the foundation’s subsidiary companies but continued to retain their positions on its board.

In a series of exposes, which included claims of cronyism, NOW said Zaleha, along with her husband, Ismail Mat Nasib and son, Wan Johan Wan Ismail were appointed to YaPEIM’s subsidiary companies and were collectively earning RM81,700 a month.

“Even though there has been a new ‘panel’ in the expenditure board between 2013 and 2014, what were these new positions created for and who are benefiting from them?

“Why was the fixed and attendance allowance for 2012 and 2013 around RM300,000 but increased to RM1.76 million in 2014 and is estimated to be at RM2.26 million in 2015?”

Akmal also asked YaPEIM whether there was any truth in the BOT having spent only RM3,608 in 2013 but 55 times more i.e. RM201,960 in 2015.

He said that it was the responsibility of Minister Jamil Khir Baharom who oversees YaPEIM, to look into these matters as he was also in charge of appointing the foundation’s BOT.

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