Xeraya initiates proactive measures after concerns over ‘legacy issues’
The Khazanah subsidiary says it is ready to assist in any inquiry into the matter.
Xeraya Capital, a venture capitalist and private equity firm established in 2012 and managed by Khazanah Nasional Bhd, has taken proactive steps to address concerns over legacy issues. The subsidiary firm has bolstered its oversight processes and is reviewing matters highlighted by these concerns, in accordance with its commitment to good governance, accountability, and transparency.
Xeraya emphasized its dedication to cooperating with Khazanah Nasional and all relevant stakeholders, expressing willingness to provide assistance and support for any required review or inquiry. Prime Minister Anwar Ibrahim has ordered an investigation into potential financial irregularities within Xeraya, following a review of Khazanah's past operations.
The board of Xeraya had previously identified irregularities in certain transactions that necessitated further scrutiny.
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- Xeraya initiates proactive measures after concerns over ‘legacy issues’ freemalaysiatoday.com
