KUALA LUMPUR: The revelation that Lembaga Tabung Haji (TH) has RM4.1bil in total deficit as at the end of last year was inaccurate as it did not take into account another report which had valued its realisable asset value, said its former chairman.

Accusing Datuk Seri Dr Mujahid Yusof Rawa of misleading the public by accusing the pilgrimage fund of illegally paying dividends (hibah) to its depositors, Datuk Seri Abdul Azeez Abdul Rahim said the report by Ernst & Young (E&Y) had taken into account the value of its subsidiary companies, associates, joint-venture companies and real estate.