In what shares did the Armed Forces Fund Board (LTAT) invest, that it made an RM120 million loss, asked PKR vice president Rafizi Ramli.

Citing LTAT's 2016 financial report, Rafizi said the board had recorded an RM120 million share impairment.

However, he said it was not clear what companies did the board invest in.

"It's a shame because their revenue for 2016 (RM811 million) was higher than in 2015 (RM767 million), and if it were not for the RM120 million loss, they could be paying higher dividends," Rafizi told Malaysiakini...