Khazanah’s losses due to previous govt, says Azmin
Azmin Ali says Khazanah’s biggest losses stemmed from its failure to turn around Malaysia Airlines Bhd. – The Malaysian Insight pic by Nazir Sufari, March 6, 2019.
KHAZANAH’S pre-tax losses for 2018 were due to investments made by the previous government before Pakatan Harapan took over, Economic Affairs Minister Mohamed Azmin Ali fires back at critics who accused the new government of failing to manage the sovereign wealth fund. “While it is true that Khazanah reported a RM6b loss caused by impairments that increased to more than RM7b, this was a result of a review of the assets and investments made BEFORE the new govt took over,” Azmin said in a series of tweets.
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