Malaysian Anti-Corruption Commission Completes Investigation on FashionValet Investment

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MALAYSIAN ANTI-CORRUPTION COMMISSION,INVESTIGATION,FASHIONVALET

The Malaysian Anti-Corruption Commission (MACC) has completed its investigation into investments made by government entities in the e-commerce platform FashionValet, with the investigation paper handed over to the Legal and Prosecution Division for review, following a directive by Prime Minister Anwar Ibrahim to conduct an internal audit.

: The Malaysian Anti-Corruption Commission has completed the investigation paper on the investments made by several government entities in the e-commerce platform FashionValet Sdn Bhd , said its Chief Commissioner Tan Sri Azam Baki.

Previously, Prime Minister Datuk Seri Anwar Ibrahim had instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet.

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