Poser over national table tennis association 'RM8 million loans' to private companies
UPDATE (May 20, 2018; 3.15pm): Lawyer representing Table Tennis Association of Malaysia admitted manner in which loans amounting to RM8 million given out by association to two developers was "not right" and that his client is taking steps to terminate the contracts. He said this after attending an exco meeting at the association's office in Bukit Jalil this morning. --- ORIGINAL POST The Table Tennis Association of Malaysia (TTAM) has been smashed with allegations of giving out RM8 million worth of "loans" to two developers, raising eyebrows and irking at least two of its affiliates. A police report has also been lodged over the matter. According to a letter by the Kuala Lumpur Table Tennis Association (KLTTA), written on May 3: i. TTAM's Financial Statement (ended March 31, 2018) presented during the 6th Exco Meeting on April 21, 2018 saw a total sum of RM8 million loans granted to two private companies - Ekal Jaya Sdn Bhd an...