Khazanah managing director Tan Sri Azman Mokhtar says the fund
PETALING JAYA: Tan Sri Azman Mokhtar has defended Khazanah's investment in Zivane, an online lingerie company in India, saying that they should be able to recover their investments in the medium term.
Azman who recently retired as managing director of the sovereign wealth fund, said they had invested US$19mil (RM80mil) for a 22% stake in the company and last December decided to provide their 2017 accounts as a conservative measure.
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