Defending recent selections to the board, he says the appointees are trustworthy former corporate titans.
This, it says, is to ensure there is no misuse of funds or misconduct of assets.
Bukit Aman CCID team is looking into alleged abuse of power and misappropriation of funds.
Former ambassador's entry into HRDF comes amid graft allegations within the agency last year.
HR minister Kulasegaran says 30pct deduction from the levy contributed by employers will cease this month.
UPDATED 4.20PM | Kulasegaran says this was done without the knowledge of the fund's board of directors.
COMMENT | This federal fund coughed up RM4m for a concert in Langkawi to distract people from Dr M's ceramah .
HRDF says deputy Lim Kah Cheng will take over as the acting CEO immediately.
Former director also denies that his own training firm received any monies from the fund.
COMMENT | The CEO and high-flying directors each took home about RM1 million in salary and bonuses last year.
Evidence is submitted by SG Education Group CEO Sri Ganes.
COMMENT | CEO seeks 'dignified' exit after coming under fire for alleged illegalities.
HR ministry to waive levy for those hit by recent floods in three states, says minister Richard Riot.