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

‘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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

malaymail /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

After RM47m investment in FashionValet, Khazanah and PNB only got RM3.1m from sale; Finance Ministry says loss ‘negligible’KUALA LUMPUR, Oct 29 — Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) received RM3.1 million from the sale of their shares in Fashion Valet Sdn Bhd...
Read more »

Give time for Khazanah, PNB to explain losses in RM47m FashionValet investment, Fahmi tells MalaysiansKUALA LUMPUR, Oct 31 — Communications Minister Fahmi Fadzil today told the public to give Permodalan Nasional Berhad (PNB) and Khazanah Nasional Bhd (Khazanah) some time to...
Read more »