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Up to 13 months’ bonus paid out despite financial concerns
['Jason Thomas']
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The RCI report said the practice of awarding ‘excessively high’ bonuses to staff members should be discontinued, especially given TH’s financial difficulties.
PETALING JAYA : Tabung Haji employees received bonuses ranging from two to 13 months’ salary between 2010 and 2017, including a special bonus payout in 2014 that cost the institution RM74 million, according to the RCI report made public today.
The report said the practice of awarding “excessively high” bonuses to staff should be discontinued, especially given TH’s financial difficulties during the period.
Under government guidelines, bonus payments exceeding two months’ salary could be considered if a large number of officers and employees had demonstrated outstanding performance.
The commission also agreed with the legal opinion provided by law firm Md Tajuddin & Co that bonus payments made to the TH Properties board of directors breached provisions under the Companies Act 2016.