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MACC to release statement on FashionValet investment today

KUALA LUMPUR: The Malaysian Anti-Corruption Commission will release an official statement on the RM43.9 million investment loss incurred by Khazanah Nasional Berhad and Permodalan Nasional Berhad in FashionValet (FV).

Berita Harian has been made to understand that the statement will be released today.

This follows reports quoting MACC Chief Commissioner Tan Sri Azam Baki saying that the graftbusters have launched a probe into the matter.

Azam said the investments involved public funds and was 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.

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.

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.

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