KUALA LUMPUR, Nov 2 — Prime Minister Datuk Seri Anwar Ibrahim has instructed sovereign wealth fund Khazanah Nasional Berhad to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.
In his capacity as Khazanah’s chairman, he said this directive is in line with his earlier mandate for the National Audit Department to assess over 2,000 government-linked companies (GLC).
“This move aims to enhance governance systems and ensure that these companies fully meet their responsibilities and functions,” Anwar said in a post on X (formerly Twitter) today.
Earlier, during the launch of the 2024 Hawkers and Petty Traders Day carnival in Penang, he said there is a need for a fair investigation, stressing that it should proceed without regard for rank, position, or whether the company is government-linked or private.
In a written response to Parliament on Monday, the Finance Ministry said Khazanah and Permodalan Nasional Bhd (PNB) had recovered RM3.1 million through the sale of shares in FashionValet.
In 2018, Khazanah and PNB invested RM27 million and RM20 million, respectively, each taking minority stakes in FashionValet.
Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki has also confirmed that the MACC has launched an investigation into the investment loss while assuring the public that the inquiry will be conducted impartially and professionally.
— Bernama
