PUTRAJAYA, Nov 28 — The Malaysian Anti-Corruption Commission (MACC) has completed the investigation paper on the investments made by several government entities in the e-commerce platform FashionValet Sdn Bhd, said MACC chief Tan Sri Azam Baki.
He said the paper has been handed over to the commission’s Legal and Prosecution Division director for review.
“The outcome of the investigation will be obtained soon,” he said in a statement today.
Previously, Prime Minister Datuk Seri Anwar Ibrahim had instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet.
Anwar, who is also Khazanah chairman, said this directive is in line with his earlier mandate for the National Audit Department to assess over 2,000 government-linked companies.
In 2018, Khazanah and Permodalan Nasional Bhd invested RM27 million and RM20 million, respectively, each taking minority stakes in FashionValet.
When announcing that MACC had opened an investigation paper on the investment loss, Azam vowed the commission would conduct a fair and professional investigation.
— Bernama
