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MACC grills online fashion biz couple over RM43.9m loss

5 Nov 2024, 3:11 PM
MACC grills online fashion biz couple over RM43.9m loss

PUTRAJAYA, Nov 5 — The founding couple of an online fashion business provided their statements to the Malaysian Anti-Corruption Commission (MACC) today.

This was after the graft busters initiated a probe into Khazanah Nasional Bhd's and Permodalan Nasional Bhd's (PNB) investment in the fashion business, which resulted in RM43.9 million in losses.

As of 8pm, the couple, who have been present at the MACC Headquarters since 2.30pm, have not yet left the premises.

Sources confirmed that the couple were still being questioned and the process is expected to be completed by 10pm and expected to continue tomorrow.

Earlier, when contacted by Bernama, MACC Chief Commissioner Tan Sri Azam Baki confirmed that the couple had been summoned to assist in investigations related to the case.

As of yesterday, he said four witnesses from PNB, Khazanah, and the Finance Ministry had been called to provide statements to assist investigations.

Yesterday, the MACC said that it had raided the office of a local online fashion business and three other premises and seized various documents for investigation.

The investigation is conducted under Section 18 of the MACC Act.

Earlier, Azam said that the investigations into the loss incurred by the fashion business would be conducted fairly and professionally, further emphasising that the investigation was essential as it involved public funds and was of public interest.

He also urged the public to provide space for the investigation to be carried out and avoid speculation and a 'public trial' against the parties involved.

— Bernama

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