Anwar orders probe into Khazanah subsidiary Xeraya Capital over potential financial irregularities

Prime Minister Anwar Ibrahim has ordered a thorough investigation into Xeraya Capital, a wholly owned subsidiary of Khazanah Nasional Bhd, to uncover any potential financial irregularities, according to a report by Bernama. Anwar, who is also the Khazanah chairman, made the announcement during a "Temu Anwar" session. The investigation will be conducted with the highest standards of governance and due process and may involve external authorities if necessary.

During a board meeting, Khazanah raised legacy issues that needed to be resolved, including those involving Xeraya Capital, which manages Khazanah's life sciences investments. In July 2026, the Xeraya Board identified irregularities in documentation related to past transactions and decided to conduct further reviews. The Prime Minister expressed his satisfaction with Khazanah's management team's proactive and meticulous approach and emphasized the need for firm action to prevent losses from affecting the people.

He also referred to recent developments involving alleged mismanagement at the Federal Land Development Authority (Felda), including the sale of a hotel, and expressed his disgust with corruption while reiterating his commitment to addressing any misconduct within his administration.