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Tabung Ekonomi Kumpulan Usaha Niaga (Tekun) Public fund for UMNO members

RM 1.6 billion federal funds used for loans prioritize for UMNO members

1/1/94
650,000,000

Timeline

  • 2013-10-08 Umno owes Tekun RM1b - Free Malaysia Today
    Disclosing: Fahmi Fadzil (PKR Communications) Financial Cost: RM650M (estimated from unpaid loans)
  • 2013-10-07 CEO: Pinjaman Tekun memang hanya untuk ahli Umno (Tekun Loans only for UMNO members) - Malaysian Insider
    Implicated: Abdul Rahim Hassan, Najib Razak

Notes

Financial figure not accurate, simply an average of amount given vs amount owed to the fund, and provided by partisan spokesperson (PKR).