Politics · Malaysia Bureau
Anwar orders probe into Khazanah-linked Xeraya Capital
Prime Minister Datuk Seri Anwar Ibrahim has directed authorities to launch a comprehensive investigation into Xeraya Capital, a subsidiary of state investment company Khazanah Nasional, over suspected financial irregularities.
LSN Malaysia ·
The directive comes as part of the government's efforts to ensure transparency and accountability across state-linked entities. Xeraya Capital, which operates within Khazanah's investment portfolio, will be subject to a thorough examination of its financial records and operational practices.
The investigation is expected to focus on identifying any potential breaches of financial protocols and governance standards. Authorities have been tasked with conducting a detailed review to determine the extent and nature of any irregularities that may have occurred.
This move aligns with the Prime Minister's broader commitment to strengthening oversight of government-linked companies and protecting public assets. The outcome of the investigation is anticipated to inform any necessary corrective measures or policy adjustments.
Khazanah Nasional, Malaysia's sovereign wealth fund, manages substantial national investments across multiple sectors. The probe into its subsidiary underscores the government's determination to maintain strict compliance standards across its investment holdings.
Further updates on the investigation's progress are expected to be announced following the completion of preliminary assessments.