The Armed Forces Fund Board (LTAT) is too dependent on Boustead Holdings Bhd (BHB), Public Accounts Committee (PAC) chairperson Mas Ermieyati Samsudin said today.

In a statement, she said that the Defence Ministry’s decision to halt LTAT’s restructuring plan has stunted the fund’s urgently needed transformation.

“Taking into account the various crises and scandals that have occurred under Boustead’s supervision...