MACC investigating Khazanah, PNB's unsuccessful investment


KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has initiated an investigation into losses incurred by Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) from their investment in a local online fashion business, says Tan Sri Azam Baki (pic).

The MACC Chief Commissioner said that the investigation was needed as it involves the use of public funds and was a matter of public interest.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Man, 62, reported missing since Tuesday found dead
Kelantan gov't to impose RM2,000 fine for irresponsible bulk waste disposal
Al-Sultan Abdullah calls for health awareness during Ramadan
Malaysia pushes for stronger Asean-India cooperation under its 2025 chairmanship
Health Ministry in final stages of discussion on private GP consultation fees
Beaufort district still affected by flooding, 449 people housed in shelters
Community leaders must help explain gov’t policies, achievements, says Anwar
Over 70,000 cattle smuggled across Malaysia-Thailand border in 2024
Sufficient supply of local white rice in supermarkets, says Mohamad Sabu
Community service transcends race and religion, says Sultan of Pahang

Others Also Read