World · Malaysia Bureau
Anwar orders probe into potential irregularities at Khazanah subsidiary
Prime Minister Anwar Ibrahim has directed an investigation into governance concerns at a Khazanah subsidiary following a review of past operations. The directive comes after doubts emerged regarding the management of the state investment fund's holdings.
LSN Malaysia ·
Prime Minister Anwar Ibrahim has instructed authorities to investigate potential irregularities at a subsidiary of Khazanah Nasional, Malaysia's sovereign wealth fund, following a comprehensive review of historical operations.
The instruction was issued after governance concerns surfaced during Khazanah's examination of the subsidiary's past activities. The review prompted questions about the adequacy of oversight and management practices within the investment vehicle.
The move underscores the government's commitment to strengthening corporate governance standards across state-linked enterprises. Khazanah, which manages strategic government investments and assets, has been tasked with ensuring compliance and transparency across its portfolio of companies.
Details regarding the specific subsidiary under scrutiny and the nature of the suspected irregularities have not been disclosed. The investigation is expected to provide clarity on the extent of any governance lapses and recommend corrective measures where necessary.