Anwar orders investigation into financial irregularities at Khazanah unit

Prime Minister Anwar Ibrahim has ordered an investigation into suspected financial irregularities at a subsidiary under state investment fund Khazanah Nasional, signalling the government's commitment to scrutinising the fund's portfolio companies.

The subsidiary in question was established in 2012, according to Anwar's office. The potential irregularities came to light following a thorough review of the company's past operations by Khazanah management.

The move underscores ongoing efforts by the current administration to ensure transparency and accountability across major state-linked entities. Khazanah Nasional manages a diverse portfolio of investments across Malaysia's strategic sectors and has come under periodic scrutiny regarding governance standards.

Details regarding the nature of the suspected irregularities and the scope of the investigation have not been disclosed. The outcome of the probe could have implications for Khazanah's internal controls and oversight mechanisms across its subsidiary operations.

No timeline for the completion of the investigation has been announced. The matter reflects broader government initiatives to strengthen financial governance and protect public assets under state management.