The Malaysian Anti-Corruption Commission has begun investigating into the RM43.9 million loss from investments made by Khazanah Nasional Berhad and Permodalan Nasional Berhad in FashionValet.
“An investigation is necessary to determine if there are any criminal elements involved or other issues related to governance,“ he was quoted as saying.
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Khazanah, PNB sold FashionValet stakes at a loss of RM43.9mil, says Finance MinistryAlmost one in five of the workforce in Guangzhou have turned to work in flexible contracts, higher than China’s national level of 14.3%.
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