FashionValet Losses Lesson For Govt’s Investing Strategy
Findings from the internal audit and the Malaysian Anti-Corruption Commission (MACC) investigation into the RM43.9 million investment loss in FashionValet Sdn Bhd will be used to improve the governance of Khazanah Nasional Bhd said Finance Minister II Datuk Seri Amir Hamzah Azizan who added that the government will continue to strongly emphasise and strengthen the governance and control of public fund usage.
“Given that the MACC is still investigating this case and Khazanah’s internal audit is ongoing, Khazanah should be given room to complete this investigative process. The findings will be used to enhance Khazanah’s governance,” he said.
Amir Hamzah said Khazanah and Permodalan Nasional…
