PKR's Pandan MP Rafizi Ramli has continued his annual tradition of declaring his assets and revealed that his total net assets had decreased over RM600,000 since his last asset declaration last year.
His total net assets in 2015 was RM1,564,407 which decreased to RM953,021 this year, he stated.
He made his asset declaration in a press conference today at his NGO Invoke Space in Kuala Lumpur.
The biggest contributor to this significant decrease, he said, was him withdrawing most of his money from his Lembaga Tabung Haji account, which he did in stages beginning April this year.
He had initially deposited RM70,000 into his Tabung Haji account between October last year and January this year, he said, but after he began to scrutinise Tabung Haji's finances in February, he made the decision to withdraw most of his money.
"(I did not reveal the withdrawals earlier because) it could have triggered a panic if I said I was going to withdraw half a million (from Tabung Haji," he said.
Throughout the period of April to September this year, he withdrew a total of RM530,000 from his Tabung Haji account.
From that amount, RM500,000 was used to set up and fund his new NGO Invoke, while the other RM30,000 was used to pay part of his house renovations costs, he said.
Another significant reason why his assets decreased was because he removed two cars worth almost RM150,000 in total from his assets as they were used and paid for by his staff, even though they were bought under his name.
(More to come)-Mkini