KUALA LUMPUR, Nov 3 — Umno Youth chief Dr Muhamad Akmal Saleh today proposed a royal commission of inquiry into the losses incurred at sovereign wealth fund Khazanah Nasional...
KUALA LUMPUR, Nov 3 — Umno Youth chief Dr Muhamad Akmal Saleh today proposed a royal commission of inquiry into the losses incurred at sovereign wealth fund Khazanah Nasional through investments in Fashion Valet Sdn Bhd.National Farmers Organisation “Therefore, we suggest establishing a royal commission of inquiry to investigate the two issues currently at the centre of national debate,” he said in a statement today.
“Whether it's FashionValet or NAFAS, if any misconduct is found, not a single person involved in these cartels consuming public funds should be allowed to escape accountability!”to conduct an internal audit over its investment in FashionValet, which incurred a loss of over RM43 million so far.into FashionValet.
FashionValet founders Datuk Fadza Anuar and Datin Vivy Yusof have also resigned from the firm and pledged toIn 2018, Khazanah Nasional and Permodalan Nasional Bhd invested a combined RM47 million in FashionValet, with Khazanah contributing RM27 million and PNB RM20 million, to acquire minority stakes.
Khazanah Nasional PNB Akmal Saleh Vivy Yusof
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