[UPDATED]: No 1MDB-like breaches in GLICs, GLCs so far — Anwar

KUALA LUMPUR: Prime Minister Anwar Ibrahim announced that no governance breaches in government-linked investment companies (GLICs) and government-linked companies (GLCs) have been detected, unlike those in 1Malaysia Development Bhd (1MDB), Felda, and Tabung Haji. During a Prime Minister's Question Time in the Dewan Rakyat, Anwar stated that no such violations had been identified as of yet. He assured that they would continue to manage the situation, even though it was challenging.

Responding to a question from Syahredzan Johan (PH-Bangi) on strengthening corporate governance in GLICs, GLCs, and statutory bodies, Anwar highlighted that past cases had revealed both strengths and weaknesses in governance. He further emphasized that the proposed Government-Owned Entities Bill would introduce clearer rules and legal provisions to fortify governance in GLICs, GLCs, and statutory bodies.

The Bill would set stringent rules for these entities, but he stressed the importance of enhancing accountability, limiting authority, and preventing leaders from treating these companies as personal or family assets.