APK Oasis

Malaysian PM Orders Sovereign Fund Audit on Loss-Making Venture

By Anisah Shukry
From Bloomberg Business

Malaysian PM Orders Sovereign Fund Audit on Loss-Making Venture

Malaysian Prime Minister Anwar Ibrahim ordered sovereign wealth fund Khazanah Nasional Berhad to carry out an internal audit to investigate issues related to 43.9 million ringgit ($10 million) in investment losses.

This is to ensure all government-linked companies "fulfill the demands of their respective responsibilities and functions," he said in a post on X on Saturday. The internal audit "doesn't exclude" state-owned asset manager Permodalan Nasional Bhd. and other parties involved, he said in a follow-up post several hours later.

Previous articleNext article

POPULAR CATEGORY