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Bangsar, 19 April: Ever since the anonymous blog Benchmark cried "bailout!" at Tabung Haji's purchase of a piece of TRX land from 1MDB back in May last year, 3,954 depositors have decided to close their accounts with the Malaysian pilgrimage fund, either because they were against the deal or because they believed the propaganda that Tabung Haji was going to go down following the purchase (together with their money, of course). Out of these, 3,105 also cancelled their Haj plans.
Well, neither the 1MDB nor the Tabung Haji Fund is bankrupt today; on the contrary, both are doing quite well: the former has announced a RM2.3 billion surplus and the latter paid generous dividends.
Tabung Haji has some 8.8 million depositors, so the 3,954 loss is negligible, really. However, the Fund must try and bring back each and every one of these depositors who had been duped by the propaganda against Tabung Haji.
So far, I was told that 45 of them have re-registered (for Haj and re-opened their accounts) after having realised their folly.