MACC Opens Investigation On Khazanah And PNB Investment In Online Fashion Business.


PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) in a local online fashion business. MACC chief commissioner Tan Sri Azam Baki in a statement today said the investigation was important because it involved the use of public funds and was an issue of public interest.

According to BERNAMA News Agency, the MACC has assured the public that a thorough investigation will be conducted in a fair and professional manner. The agency emphasized the need for the public to give space for the investigation to proceed without interference and cautioned against speculation and ‘media trial’ against the parties involved.