KUALA LUMPUR: No wastage or misappropriation were found in the management of companies under the Rubber Industry Smallholders Development Authority (Risda).
This was following an audit report done by the Public Accounts Committee (PAC) today at Dewan Rakyat.
PAC chief Datuk Seri Hasan Arifin in a statement said the committee was fully satisfied with the explanations given by former Rural and Regional Development Ministry's secretary-general Datuk Seri Ibrahim Muhamad and Risda director-general Datuk Seri Wan Mohamad Zuki Mohamad.
In its suggestions, PAC recommended for the Finance Ministry to provide clear directions and guidelines in helping Risda Bina, a subsidiary to Risda.
"The government especially the Finance Ministry must provide clear directions and guidelines to enable Risda Bina to develop lands owned by Risda for real estate development purposes.
"Risda's subsidiaries must also avoid relying too much on the main company and instead explore the overseas market.
"The subsidiaries must shut down businesses that doesn't bring profits to the company, for example on the Boer goat breeding," he said.
The PAC also recommended for Risda College to upgrade its academic courses in order to reduce the number of drop outs.
The committee also called on the college to provide its progress report and graduates' marketability since its inception.
"Risda College must hold a study to find out whether the skill and technical courses it offers is in accordance with the job market and if it helps graduates in their job search." he added.