Khaled: Defence Ministry ready to explain LTAT's negative reserve to PAC

The Defence Ministry is ready to provide explanations to the Public Accounts Committee (PAC) regarding the negative reserve balance of the Armed Forces Fund Board (LTAT), should they be summoned.

Minister Mohamed Khaled Nordin said that the Auditor-General’s Report 2022 that brought this issue to light only highlighted a single fund, whereas LTAT had three reserve funds, which collectively were in a positive position during the specified year.