Malaysian PM Anwar orders sovereign fund audit on loss-making venture

Quick Summary:

This came after Khazanah and PNB sold an online fashion business they invested in at a loss to the tune of over $13 million.

A spokesperson for the Prime Minister’s Office said Mr Anwar’s post was in response to the MACC investigation.

They eventually sold it for RM3.1 million – a loss that matches the amount Mr Anwar mentioned in his post.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMalaysia

Topics: Audit Investment Post Malaysian Million Parties Anwar Internal Involved Khazanah Nasional

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 21:41:31 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23370170

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