KUALA LUMPUR, Jan 15 ― Muslim pilgrimage fund Lembaga Tabung Haji said today it had a net increase of over RM1 billion in deposits as of December 2018, despite news of billions of losses it had suffered.

Group director and chief executive Datuk Seri Zukri Samat told a press briefing here that LTH had outstanding or withdrawn deposits of RM73.5 billion last month, but over RM74.5 billion in new deposits came in the same period.

A total of 31,000 new accounts opened during the time even as news broke out that a large number of depositors had withdrawn their funds, after LTH revealed irregularities that led to losses totalling RM4.1 billion.

"Yes there were withdrawals of RM10 million (and so on), but still there were increases in new deposits,” Zukri said.

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