KUALA LUMPUR: The Malaysian Anti-Corruption Commission's probe into Khazanah Nasional Berhad and Permodalan Nasional Berhad's investment in FashionValet (FV) will be "fair and professional".
In a statement, MACC Chief Commissioner Tan Sri Azam Baki also urged the public to refrain from speculation and a "trial of public opinion".
On Oct 29, the Finance Ministry revealed in the Dewan Rakyat, that PNB and Khazanah lost RM43.9 million from the sale of their minority stakes in FV.
In 2018, Khazanah invested RM27 million and PNB RM20 million for minority stakes in FV. These stakes were sold for just RM3.1 million.
In his statement today, Azam said MACC is investigating the losses incurred by Khazanah and PNB.
"This investigation is important as it involves the use of public funds and is a matter of public interest."
Yesterday, Fashion Valet co-founders Datin Vivy Yusof and her husband Datuk Fadzaruddin Shah Anuar announced they would relinquish their positions in FV.
They said the decision was made in light of recent issues surrounding the sale of PNB and Khazanah's stake in the company.
Earlier today, Prime Minister Datuk Seri Anwar Ibrahim said he will not prevent any investigation involving Khazanah.
Anwar, who is also Khazanah chairman however did not specify any case.