KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit of its loss-making investment in FashionValet
"This firm directive reflects my previous announcement instructing the National Audit Department to audit 2,000 government-linked companies to establish better governance systems," Anwar, who is Khazanah chairman, said on X, formerly Twitter.
Earlier, the Malaysian Anti-Corruption Commission launched an investigation into the RM43.9 million investment loss incurred by Khazanah and Permodalan Nasional Bhd (PNB) in FashionValet.
Chief Commissioner Tan Sri Azam Baki said the investigation was essential as the matter involved public funds and public interest.
Yesterday, FashionValet co-founders Datin Vivy Yusof and husband Datuk Fadzaruddin Shah Anuar announced they would step down from their roles, citing recent issues surrounding the sale of PNB and Khazanah's stakes in the company.
They said this move aimed to prevent further impact on the company, which is undergoing a turnaround.
On Oct 29, the Finance Ministry, in a parliamentary written reply, said PNB and Khazanah lost RM43.9 million from the sale of their minority stakes in FasionValet.
In 2018, Khazanah had invested RM27 million and PNB RM20 million in the company.