Anwar orders probe into Khazanah subsidiary over governance concerns
KLANG: Prime Minister Datuk Seri Anwar Ibrahim has ordered a thorough investigation into any Khazanah Nasional Bhd subsidiary found to have committed financial or governance irregularities.
Anwar Ibrahim, the Prime Minister of Malaysia and Finance Minister, has ordered a comprehensive investigation into any Khazanah Nasional Bhd subsidiary that has allegedly committed financial or governance irregularities, according to reports. The concerns arose recently over the governance of a company established by Khazanah in 2012, and deeper investigations revealed additional questions about governance practices.
Despite being the chairman of Khazanah, Anwar emphasized that investigating any breach of governance is crucial, regardless of the position he holds. He praised the current management of Khazanah for maintaining good governance standards and noted that the Khazanah board unanimously agreed to investigate any questionable aspects, even if the company in question is a legacy from the past.
Khazanah Nasional Bhd is the nation's sovereign wealth fund responsible for managing and growing the government's strategic investments.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Anwar orders probe into possible irregularities in Khazanah subsidiary freemalaysiatoday.com
