The CEO, Dr Syed Omar Syed Agil, of the Baitulmal Professional Institute (IPB) said the college’s financial report showed its debt had doubled from RM4.8 million in 2012 to RM10 million in 2014.

However, despite numerous requests to an IPB official, he could not obtain the names of the debtors, dates, and other details, said the report.

In a police report lodged against the IPB in September last year, which was sighted by the portal, the former CEO alleged that the increase in debt was most likely due to the approval of false claims.

He also alleged IPB overpaid taxes to the Inland Revenue Board to the tune of RM605,000 in 2014.

Syed Omar said the tax consultant worked out the amount as RM295,000 but an IPB official changed this figure to RM900,000 later.

He also alleged that a top MAIWP official had instructed IPB company auditors to send an Unqualified Report to the National Audit Department in 2014, which he claimed was noticeably different from the Qualified Report prepared earlier.

Additionally, Syed Omar claimed many cheques were signed without his knowledge or approval, including one for the liquidation of a RM1 million deposit in November 2014.

Both MAIWP and IPB chairman Dr Ismail Ibrahim declined to comment when contacted by the portal.

Yesterday, it was reported that Syed Omar was granted a temporary injunction by the Kuala Lumpur High Court against his suspension by the IPB, which is 70 per cent owned by MAIWP.

He had been suspended on October 7 last year, which he claimed was due to his actions of reporting alleged corruption in the IPB to the Malaysian Anti-Corruption Commission (MACC), which resulted in IPB being raided by the anti-graft body on September 29.

He was issued a show cause letter by the IPB later that same day.