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MACC says started probed into Khazanah, PNB’s investment into FashionValet after RM43.9m loss

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Says,Started,Probed

KUALA LUMPUR, Nov 2 — The Malaysian Anti-Corruption Commission (MACC) has reportedly launched an investigation into Khazanah Nasional Berhad and Permodalan Nasional Berhad’s...

‘We failed our investors’: FashionValet founders Fadza and Vivy step down, take responsibility over Khazanah and PNB’s RM43.9m loss

Are you ready for the super heavy rains and floods? MetMalaysia predicts northeast monsoon from Nov 5 till March 2025 Astro Awani quoted MACC Chief Commissioner Tan Sri Azam Baki saying that the investigation is crucial as it involves public funds and interests, after the reported RM43.9 million loss after their divestment.

“Therefore, the investigation is necessary to determine whether there are any criminal elements or other issues related to governance,” he was quoted saying.

 

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